EUV Lithography Market Estimated To Experience A Hike In Growth By 2029

Miniaturization of integrated circuits and microchips, elevated wafer production, and consistent growth of the semiconductors industry are anticipated to propel the adoption of EUV lithography into chip manufacturing across the globe. EUV lithography market is estimated for a staggering CAGR of 22% during the forecast period of 2019-2029.

EUV Lithography Market

Key Takeaways

  • Reduction of microchip sizes to incorporate them into shrinking semiconductors is one of the prime factors that resulted in the development of EUV lithography technology.
  • Emergence of artificial intelligence (AI), machine learning, industrial IoT (IIoT), and autonomous driving has been driving miniaturization of microchips, subsequently creating the need for EUV lithography in chip manufacturing.
  • Constant innovation, R&D, and retrofitting of installed systems to improve wafer production, are anticipated to remain key trends in the EUV lithography market.
  • Integrated device manufacturers (IDM) and foundries are projected to create bulk of the demand for EUV lithography systems, as they are responsible for majority of the microchip and integrated circuit (IC) demand across industries.
  • Acquisition of stakes in key technology-based companies to complement product development is anticipated to remain a prominent trend in the market.

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Currently, many IDMs and foundries are cautious in the adoption of EUV lithography in chip manufacturing, given the infancy of the technology and high upfront costs. However, with continuous innovation and R&D, products are expected to become more efficient and cheaper.

EUV Lithography Market – A Monopoly

The EUV lithography market is led by a single manufacturer. ASML is the sole manufacturer of EUV lithography systems in the world today and holds a monopoly in the market. The company is focused on acquiring stakes in key companies, which provide supporting technology for the manufacturing of EUV lithography systems. It is also engaged in collaborations with solution providers to help in R&D and development of future generations of EUV lithography systems.

Will EUV Dominate Lithography Systems?

In the present lithography market, EUVs are a new and upcoming technology, with the first commercial product being sold in 2016. Given their ability to process light onto microchips of very small surface and with the growing adoption of technologies demanding miniaturization of microchips, EUV lithography market is anticipated to capture a huge market share of lithography systems in the coming years.

Know More About Report Inclusions

Future Market Insights’ new market research report on the EUV lithography market includes global industry analysis for 2014–2018 and opportunity assessment for 2019–2029. The report details EUV lithography market demand by end use across three different regions, Americas, EMEA, and Asia Pacific. The research report also offers global consumer electronics demand trend, impact of wide-scale 5G technology and IoT adoption, wafer production trends, installed base of EUV lithography systems as well as market demand patterns across the mentioned regions.

FREQUENTLY ASKED QUESTIONS ABOUT EUV LITHOGRAPHY MARKET

What will be the market value of EUV lithography by the end of 2029?

Demand for EUV lithography is set to grow 7x by 2029, accounting for revenue worth around US$ 22 Bn.

What are the key factors affecting the development of EUV lithography technology?

Elevated wafer production and miniaturization of integrated circuits & microchips to incorporate them into semiconductors are the major factors that are impacting the growth of the EUV lithography market.

How is foundry contributing to the growth of the EUV lithography market?

An increase in the demand for advanced packaging for miniaturized devices and significant technological advancements are leading to increased application of EUV lithography in foundry, thereby significantly contributing to market growth.

What is the major restraint of the EUV lithography market?

One of the major challenges in the EUV lithography market is complexities in bringing the EUV technology from drawing boards to actual foundries. Complexities in manufacturing and subsequent delays in adoption are also emerging as key challenges for market players.

What key strategies are adopted by market players to stay ahead of the pack?

Key players in the EUV lithography market are focusing on R&D activities to further improve EUV technology and strengthening collaboration with technology providers. For instance, ASML Holding N.V invested US$ 1 Bn in the R&D activities in 2019.

How is the emergence of 5G and AI impacting the EUV lithography market growth?

The emergence of LTE and 5G and Artificial Intelligence systems is expected to ramp up the production of suitable microchips and processors using EUV lithography systems. Both technologies will have a high impact on the growth of the target market.

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EUV LITHOGRAPHY MARKET TAXONOMY

The global EUV lithography market is segmented into end use and region.

End Use

  • Integrated Device Manufacturers (IDM)
  • Foundries
  • Memory, Fabless & Others

Region

  • Americas
  • EMEA (Europe, Middle East and Africa)
  • Asia Pacific

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