According to the research report titled ‘Global FPD Photomask Market Size study, by Product (Quartz Base Photomask, Soda Lime Base Photomask, Film Photomask), Application (LCD, OLED, PDP, Other) and Regional Forecasts 2020-2026’, available with Market Study Report, global FPD photomask market is expected to accumulate prominent returns by the year 2026.
 

For the record, flat panel display (FPD) photomask utilizes lithography procedures to transfer circuits and display patterns onto an electronic device such as liquid crystal displays (LCD) and organic LED (OLEDs). The product is widely used in devices including smartphones, PCs and televisions.
 

Growing trend of using automated systems coupled with increasing demand for semiconductors are major factors driving the growth of FPD photomask market. The market is expected to further expand owing to rising adoption of consumer electronics. Citing an instance, Zenith’s Mobile Advertising Forecasts 2017 states that 66% of global population owned a smartphone in 2018. Similarly, according to SIA (Semiconductor Industry Association), semiconductor industry sales were valued at USD 468.8 billion in 2018. However, complexities associated with FPD photomask fabrication along with high manufacturing costs may hinder the market growth.
 

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By product type, FPD photomask market is divided into film photomask, soda lime base photomask and quartz base photomask. Elaborating on the application spectrum, the industry is categorized into PDP, OLED, LCD and others.
 

Citing the regional scope, Asia-Pacific FPD photomask industry is poised to acquire commendable returns in the ensuing years. Increasing adoption of consumer electronics and growing demand for semiconductor from manufacturing sector are prime factors fueling the industry outlook in APAC.
 

The prominent companies operating in FPD photomask market are Taiwan Mask Corp., Shenzhen New Way Photomask, Shenzhen Qingyi Photomask, LG Innotek, Photronics (PKL), Toppan Photomasks, SK Electronics, Dai Nippon Printing and Hoya Corp. among others.