The global extreme ultraviolet lithography market is estimated to be valued at USD 1,918.8 million in 2023 and is expected to reach USD 17,353 million by registering a CAGR of 24.6% in the forecast period 2023 to 2033.
One of the factors driving the growth of the worldwide extreme ultraviolet lithography market is the increasing usage of smartphones throughout the world.
Following its introduction, lithography technology was widely used in microprocessors. The advent of extreme ultraviolet lithography, an enhanced lithography technology, has resulted in continuous improvements and breakthroughs in the semiconductor industry.
During the forecast period, extreme ultraviolet lithography technology is predicted to replace presently used conventional optical lithography techniques for creating microcircuits, which are widely installed in electronic devices.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | USD 1,918.8 million |
| Anticipated Forecast Value (2033) | USD 17,353 million |
| Projected Growth Rate (2023 to 2033) | 24.6% CAGR |
Extreme UV Lithography is a lithography technology that uses ultraviolet wavelengths of a few nanometers to produce a more resolved output. Mirrors are used for reflection instead of lenses in extreme ultraviolet lithography, which is used in traditional lithography procedures.
The primary use of Extreme Ultraviolet Lithography is to print complicated patterns on semiconductor wafers that define integrated circuits.
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The global demand for extreme ultraviolet lithography market is projected to increase at a CAGR of 24.6% during the forecast period, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 22.5%.
One of the primary factors fuelling the growth of the extreme ultraviolet lithography market is the increase in smartphone penetration among consumers worldwide.
The increased usage of extreme ultraviolet lithography for creating tiny electronic chips with low cost, low power consumption, and low complexity, as well as the rise in demand for performance and storage memory in the consumer applications industry, drive market growth.
The market is also influenced by the increased preference for extreme ultraviolet lithography over smartphones and personal computers, as well as the increasing usage of the technology in the production of more powerful microprocessors.
Moreover, urbanization and digitalization, increased demand from the packaging industry, increased adoption of new technologies, mobile technology, and the development of end-use industries all favorably impact the extreme ultraviolet lithography market.
Global Adoption of Consumer Electronics to Escalate Market Growth
When compared to traditional lithography procedures, the use of extreme ultraviolet lithography yields a superior output. Furthermore, in comparison with other lithography techniques, aspects such as smaller size, cost-effectiveness, reduced power consumption, and bigger storage capacity are likely to be driving factors for the growth of the extreme ultraviolet lithography market.
Furthermore, as extreme ultraviolet lithography is vital in many consumer electronic gadgets, global adoption of consumer electronics is projected to drive the market.
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Lack of user awareness of Hinder Growth Prospects
The dearth of user awareness, the possibility of undiscovered technological defects, and insufficient knowledge of the technology are the key barriers to growth in the extreme ultraviolet lithography market since the technology is still in its early stages of development.
Furthermore, the high cost of extreme ultraviolet lithography and the precision required in the fabrication of the complex designed mirror, a component of extreme ultraviolet lithography, operate as restraint factors for the overall extreme ultraviolet lithography market.
Mature Manufacturing Industry, creating opportunities for Extreme Ultraviolet Lithography manufacturers
The manufacturing industry in the United States is quite strong. The country's manufacturing industry is one of the leading industries, accounting for a considerable share of the country's overall GDP.
According to the National Institute of Standards and Technology of the United States Department of Commerce, the manufacturing industry contributed USD 2,269.2 to the United States GDP in 2020, or 10.8% of total GDP. Manufacturing accounts for an estimated 24% of GDP when direct and indirect value-added are considered.
In 2021, the United States dominated the North American extreme ultraviolet lithography market and continue to do so until 2033.
Thus, due to the aforementioned reasons, North America is expected to possess a 28.6% market share in 2023, registering a CAGR of 25.5% for the extreme ultraviolet lithography market in the assessment period 2023 to 2033.
Expansion of the Automotive Sector favoring market growth
The growing need for sophisticated and automated cars, as well as the expansion of the automotive sector, is driving the growth of the extreme ultraviolet lithography market in the area.
The automobile sector employs 13.8 million Europeans directly or indirectly, accounting for 6.1% of total employment in the EU. Direct production of automobiles employs 2.6 million people, accounting for 8.5% of all manufacturing jobs in the EU.
The EU is one of the world's leading automakers. The automotive sector is the leading private investment in R&D. To strengthen the competitiveness of the EU vehicle sector and retain its position as a technical leader internationally. The European Commission fosters technology harmonization. It gives grants for R&D. Thus, Europe is expected to hold 19.5% of the market share in 2023.
Increased Investments in Extreme Ultraviolet Lithography Technology Fuelling Rapid Adoption
The Asia Pacific region continues to dominate the global market for extreme ultraviolet lithography in revenue. Over the projected period, Taiwan is likely to have an advantage in the area. TSMC's development in Taiwan and increased investments in extreme ultraviolet lithography technology are two of the most important reasons driving the growth of Taiwan's Extreme Ultraviolet lithography industry.
The country controls the majority of the revenue share of the Asia Pacific extreme ultraviolet lithography market. Aside from Taiwan, the markets for extreme ultraviolet lithography in Japan, China, and South Korea are likely to provide considerable potential for stakeholders in the next years.
Chinese chipmakers are also using old chipmaking machinery as they scramble to manufacture local goods amid trade concerns between the United States and China, driving up equipment costs in Japan's secondary market. According to Japanese second-hand equipment vendors, prices are up 20% over last year.
The United States sanctions against China do not affect older-generation devices, allowing Chinese gamers unrestricted access. The coronavirus pandemic-induced stay-at-home tendency is also a factor. As chip demand grows throughout the world, even older equipment is selling quickly. As a result, the scarcity of semiconductors used in autos may be extended.
ASML's new training center may almost certainly benefit both firms. While the company is Europe's leading maker of semiconductor gear, the Taiwanese manufacturer is its key customer. According to the Asian Nikkei Review, TSMC may receive 20 of the 35 extreme ultraviolet lithography systems ASML plans to export this year.
By familiarising more of the chipmaker's personnel with its tools, the Dutch company is preparing for future sales. ASML also intends to construct a new research and development center in Taiwan, increasing its local workforce to 500 by 2023. Thus, Asia Pacific is expected to procure a 17% market share for the Extreme Ultraviolet Lithography market in 2023.
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The Laser Produced Plasmas Segment to Have a Huge Demand
The extreme ultraviolet lithography systems market study is classified into three categories based on light sources: laser-produced plasmas, vacuum sparks, and gas discharges.
In 2021, the laser-produced plasmas category held the biggest market share for extreme ultraviolet lithography equipment. The vacuum sparks category, on the other hand, is predicted to develop at a rapid CAGR from 2023 to 2033.
Key startup players in the Extreme Ultraviolet Lithography market are
Intel Corporation, Nikon Corporation, Canon Inc., IBM Corporation, ASML, and Samsung Corporation are some of the main participants in the Extreme Ultraviolet Lithography industry.
Recent Market Developments in the Extreme Ultraviolet Lithography Market:
| Attribute | Details |
|---|---|
| Market Value in 2023 | USD 1,918.8 million |
| Market Value in 2033 | USD 17,353 million |
| Growth Rate | CAGR of 24.6% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Light Source Type, Application, Region |
| Regions Covered |
North America; Latin America; Europe; Asia Pacific; The Middle East and Africa |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, China, Japan, South Korea, India, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled |
Intel Corporation; Nikon Corporation; Canon Inc.; IBM Corporation; ASML; Samsung Corporation; Tappan Photomasks Inc.; NTT Advanced Technology Corporation |
| Customization | Available Upon Request |
The advent of products with better designs and enhanced functionality has strengthened the market.
In 2023, the global market value could be around USD 1,918.8 million.
The overall demand is anticipated to record a CAGR of 24.6% till 2033.
North America leads and could account for nearly 28.6% share in 2023.
The regional market is estimated to contribute roughly 19.5% of the global revenue in 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Light Source Type 5.1. Laser Produced Plasmas 5.2. Vacuum Sparks 5.3. Gas Discharges 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Light Emitting Diodes (LEDs) 6.2. Micro-Fluidics 6.3. Micro-Needles 6.4. Biotechnology 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Intel Corporation 17.2. Nikon Corporation 17.3. Canon Inc. 17.4. IBM Corporation 17.5. ASML 17.6. Samsung Corporation 17.7. Tappan Photomasks Inc. 17.8. NTT Advanced Technology Corporation 17.9. Ushio Inc. 17.10. TRUMPF 17.11. Imagine Optic 18. Assumptions & Acronyms Used 19. Research Methodology
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Extreme Ultraviolet Lithography Market
