By the end of 2021, the market for EUV lithography was estimated to be worth $4,648.6 million USD. According to projections, the market will grow at a rate of 21.5 percent between 2022 and 2029, reaching a value of US$ 22,978.6 Mn by that year. Extreme ultraviolet, or EUV, is a term used to describe the wavelength of light. One of the major factors accelerating the market adoption of this technology is the development of more advanced lithographic systems.
Because of the region’s growing internet usage and technological advancements, FMI believes that Asia Pacific will continue to be a significant market for EUV lithography systems. Over the course of the forecast, the region is anticipated to experience an EUV Lithography market value CAGR of 23.6 percent.
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Key Takeaways
The 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. The emergence of artificial intelligence (AI), machine learning, industrial IoT (IIoT), and autonomous driving has been driving the 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 the bulk of the demand for EUV lithography systems, as they are responsible for the 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.
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 the 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 surfaces and with the growing adoption of technologies demanding miniaturization of microchips, the 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 a global industry analysis for 2014-2021 and an opportunity assessment for 2022-2029. The report details EUV lithography market demand by end-use across three different regions, the Americas, EMEA, and the Asia Pacific.
The research report also offers global consumer electronics demand trends, the impact of wide-scale 5G technology and IoT adoption, wafer production trends, the installed base of EUV lithography systems as well as market demand patterns across the mentioned regions.
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Global EUV Lithography Market by Category
By End Use :
- Integrated Device Manufacturer (IDM)
- Foundry
- Memory
By Region :
- Americas
- EMEA
- Asia Pacific
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