VANCOUVER, BC, Dec. 23, 2021
VANCOUVER, BC, Dec. 23, 2021 /PRNewswire/ -- The global photolithography equipment market size is expected to reach USD 22.90 Billion at a steady CAGR of 8.9% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing government support for establishment of semiconductor manufacturing facilities. Semiconductor technology plays a pivotal role in the transformation of existing and emerging industries, including aerospace, consumer electronic, telecommunications, and automotive. Continuous implementation of advanced technologies, such as use of Artificial Intelligence in consumer electronics and products and 5G networks, along with fast pace of growth of industrial electronics and automotive industries is driving demand for semiconductor devices.
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In addition, governments across the globe are making substantial efforts to support establishment of fabricators and foundries, which in turn, will drive demand for photolithography equipment for fabrication purposes. For instance, in December 2020, the Indian Government issued Expression of Interest to set up semiconductor wafer fabrication unit in India. By 2025, India will set up USD 400.00 Billion for electronics production, which will drive demand for semiconductors.
Key Highlights From the Report
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Emergen Research has segmented the global photolithography equipment market on the basis of type, light source, wavelength, end-use, and region:
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