The global photomask market size reached US$ 4.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.15% during 2023-2028.
Photomask Market Size in 2022
US$ 4.7 Billion
Photomask Market Forecast in 2028
US$ 6.1 Billion
Photomask Market Growth Rate 2023-2028
Photomasks are image-transferring tools made by exposing or writing the pattern onto a resist coated chrome blank device. They comprise solid, transparent substrates that show an opaque coating on the surface. They are available in various types and find numerous applications, which include the microlithography process and integrated circuits (ICs). With transistors getting compact and advanced, photomasks nowadays are widely utilized for accurately transferring patterns to silicon wafers.
Photomask Market Trends:
Semiconductors are essential components used in the manufacturing of modern electronics. This, coupled with the escalating demand for consumer electronics, such as mobile phones, notebooks, and wearables, represents one of the major factors impelling the market growth. It can also be attributed to the growing popularity of smart homes and miniature electronics, along with the rising penetration of the Internet. Moreover, photomasks are extensively utilized in the production of optical devices, electro-optical devices, hybrid circuitry, resistor networks, liquid crystal displays (LCDs), and microelectromechanical systems (MEMS). This, in confluence with the rising demand for fast computing memories and processors, is contributing to the market growth. Furthermore, the emerging trend of automation in industrial processes is positively influencing the adoption of photomasks to enable digital transformation. They also assist in improving product quality, facilitating uniform production, and obtaining safe, fast, and efficient operations, which is propelling the overall product demand. Apart from this, boosting sales of vehicles, in confluence with the increasing focus on improving communication (VC) and safety systems, are driving the use of photomasks in the automotive industry. Furthermore, expanding applications of photomasks in the defense and military and healthcare industries are projected to provide lucrative growth opportunities to market players.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global photomask market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, mask shop type and application.
Breakup by Product:
Breakup by Mask Shop Type:
Breakup by Application:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Advance Reproductions Corp., Applied Materials Inc., HOYA Corporation, Infinite Graphics Incorporated, KLA Corporation, LG Innotek Co. Ltd, Mycronic AB (publ), Nippon Filcon Co. Ltd., Photronics Inc., SK-Electronics Co. Ltd., Taiwan Mask Corporation and Toppan Printing Co. Ltd.
Base Year of the Analysis
Product, Mask Shop Type, Application, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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Key Questions Answered in This Report
The global photomask market was valued at US$ 4.7 Billion in 2022.
We expect the global photomask market to exhibit a CAGR of 4.15% during 2023-2028.
The emerging trend of automation in industrial processes, along with the growing demand for photomasks as they assist in improving product quality, facilitating uniform production, and obtaining safe, fast, and efficient operations, is primarily driving the global photomask market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for photomasks.
Based on the product, the global photomask market can be segmented into reticle, master, and others. Currently, master holds the majority of the total market share.
Based on the mask shop type, the global photomask market has been divided into captive and merchant, where captive currently exhibits a clear dominance in the market.
Based on the application, the global photomask market can be categorized into optical devices, discrete components, displays, MEMS, and others. Currently, optical devices account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global photomask market include Advance Reproductions Corp., Applied Materials Inc., HOYA Corporation, Infinite Graphics Incorporated, KLA Corporation, LG Innotek Co. Ltd, Mycronic AB (publ), Nippon Filcon Co. Ltd., Photronics Inc., SK-Electronics Co. Ltd., Taiwan Mask Corporation, and Toppan Printing Co. Ltd.
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