According to the research report titled ‘Global Semiconductor Lithography Equipment Market is segmented by Type (Deep Ultraviolet Lithography, Extreme Ultraviolet Lithography), Application (Advanced Packaging, MEMS Devices, LED Devices). Regional Forecasting 2021-2027’, available with Market Study Report, global semiconductor lithography equipment market was worth USD 14.5 billion in 2019 and is expected to register 9.54% CAGR with a valuation of USD 30.1 billion over 2021-2027.
 

Surging innovation by specialist equipment vendors, along with rising demand for miniaturization, and better functionality by electric vehicles are augmenting global semiconductor lithography equipment industry outlook.
 

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For the unversed, lithographic semiconductor equipment helps in designing electrical components and appliances like computer microprocessors and memory chips. It aids in innovating new technological solutions involving semiconductors circuit integration.

 

Increasing demand for advanced mobile appliances is expected to propel the growth of the market as well. It is to be noted that Hitachi Ltd. in 2019, announced incorporation of advanced SEM CG7300 for critical dimension measurement which will facilitate supreme quality as well as improved measurement precision.

 

Though extensive usage ICs (integrated circuits) and demand for high-performance devices create lucrative prospects, however, the complexity of pattern in manufacturing process is expected to restrain the growth of global semiconductor lithography equipment industry over the analysis timeframe.

 

Speaking of type, worldwide semiconductor lithography equipment market is classified into extreme ultraviolet lithography (EUV), and deep ultraviolet lithography (DUV). Based on application, the industry is bifurcated into LED devices, advanced packaging, and MEMS devices.

 

From regional point of view, North America is expected acquired major market share during the analysis timeframe, accredited to innovations in technology, and increasing demand for advanced integrated circuits.
 

Asia Pacific market, on the other hand, is anticipated to grow significantly through 2027, owing to huge demand for compact electronic devices.
 

The competitive landscape of global semiconductor lithography equipment industry is defined by companies such as Canon Inc., Veeco Instruments Inc., Shanghai Micro Electronics Equipment (Group) Co. Ltd., Nikon Corporation, JEOL Ltd., EV Group (EVG), Neutronix Quintel (NXQ), Onto Innovation Inc., ASML Holding N.V., and SÜSS MicroTec SE among others.