Extreme Ultraviolet (EUV) Lithography Demand Set to Grow 7X by 2029
Despite being at a nascent stage, the global market for EUV lithography reached a valuation of US$ 3 billion in 2019. While EUV lithography technology including the light source is still being developed for its practical and commercial applications, its adoption is expected to grow immensely in the coming years. The global EUV lithography market is estimated to grow at an astounding CAGR of over 22% between 2019 and 2029, reaching the valuation of US$ 23 billion by the end of the assessment period.
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.
Foundry Remains Top Application Area
EUV lithography is primarily implemented by Integrated Device Manufacturers (IDM), foundries, and in the manufacturing fabless and memory integrated circuits/memory chips, and foundries account for nearly half the revenue share of the global market. In 2019, more than 5 in 10 units of EUV lithography devices sold were employed in foundries, and stakeholders in the market are expected to further enhance the technology to suit end user requirements better. For instance, in October 2019, Taiwan Semiconductor Manufacturing Company (TSMC) announced that its 7nm plus node has become the industry’s first commercially available EUV lithography technology.
Asia Pacific Leading the Way
EUV lithography market in Asia Pacific accounted for nearly three-fourth revenue share of the global market in 2019, and the region is expected to maintain its lead on the regional platform in the coming years. Growing presence of fabless players at a mounting number of foundries in the region is among the primary driving engines for the EUV lithography market in APAC. Furthermore, a mounting number of IDMs are sprouting up in Asia countries, such as Taiwan, South Korea, and Japan is expected to create lucrative environment in the market.
Market Characterized by Monopoly
ASML Holding N.V., a leading manufacturer of chip making equipment and headquartered in the Netherlands, is also the world’s only manufacturer of EUV lithography systems. More than 25% of the company’s revenues are generated by sales of EUV lithography systems, which reflects the company’s monopoly in manufacturing and commercialization of EUV lithography systems. Up from 11 EUV lithography systems shipped in 2017, the company sold 18 systems in the year 2018, to semiconductor and foundry businesses from across the world. To expand its expertise in the EUV lithography technology landscape, the company is focused on augmenting R&D investments.
Foundry remains the largest end use of EUV lithography
Demand among IDMs to increase rapidly in the future
How Growth will Unfold
Asia Pacific continues to hold the largest revenue share in the global market for EUV lithography, and Taiwan is expected to have the edge in the region, in the coming years. TSMC’s expansion in the country and its increasing investments in the EUV lithography technology are among the most important factors instrumental in the growth of the EUV lithography market in Taiwan. The country accounts for nearly 40% revenue share of the market for EUV lithography in APA, while Singapore is expected to witness rapid expansion at the highest CAGR through 2019 and 2029. Apart from Taiwan, the EUV lithography markets in Japan and China are also expected to create profitable opportunities for stakeholders in the coming years.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
EUV Lithography Market Analysis 2019 - 2029
A new report on the EUV lithography market by FMI provides detailed insights on key factors affecting the growth of the EUV lithography market, along with historical trends, future growth prospects, market dynamics, competition analysis, and region-wise market breakdown. The research report contains exhaustive market analysis, achieved through meticulous research with maximum precision.
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
What's Included
The executive summary of the EUV lithography market includes a summary of the market trends, key findings, trends, analysis, and recommendations for market growth.
Market definition, key inclusions, and market taxonomy of the EUV lithography market report are covered in this chapter.
Key market trends currently transforming the EUV lithography market landscape are presented in this section.
This chapter provides a list of key success factors for the manufacturers operating in the EUV lithography market.
Value analysis and forecast for the EUV lithography market for the period of 2014-2029 are provided in this chapter.
Pricing analysis of EUV lithography is provided in this chapter along with forecast for the projected period.
This chapter provides historical market value for the period 2014-2018 along with market forecast for the projected period of 2019-2029. Absolute $ opportunity and market trends for the EUV lithography market are also mentioned in this chapter.
The market background section of the EUV lithography market report covers macroeconomic factors, drivers, restraints, opportunity analysis, and forecast factors, which are anticipated to influence the growth of the market over the projected period.
Based on end use, the EUV lithography market is segmented into IDM, foundries, and memory, fabless & others. In this chapter, readers can find information about key trends and developments in the EUV lithography market and market attractiveness analysis.
This chapter provides EUV Lithography market growth prospects across several geographic regions such as Americas, EMEA, and Asia Pacific.
This chapter includes a detailed analysis of growth trends of the Americas EUV lithography market, regional trends, and a country-wise assessment that includes the U.S. and Rest of Americas.
Important growth prospects of the EUV lithography market based on its end users in several countries such as Germany, France, and the Rest of EMEA are included in this chapter.
Important growth prospects of the EUV lithography market based on its end users in several countries such as China, South Korea, Taiwan, Japan, Singapore, and Rest of Asia Pacific are included in this chapter.
In this chapter, detailed information about the competition tier structure analysis by end use and market concentration of key players in the EUV lithography market is provided.
Detailed analysis of key players in the EUV lithography market with company overview, financial performance, strategic overview, and SWOT analysis can be found in this chapter. Some of the key market consumers, along with the only manufacturer ASML, featured in the report are Nikon, Carl Zeiss, Toppan Printing, NTT Advanced Technology, Intel Corporation, Samsung Electronics, SK Hynix, TSMC, and Globalfoundries, among others.
It includes a list of acronyms and assumptions used in the EUV lithography report.
The research methodology used to obtain the market size of the EUV lithography market is detailed in the section.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Distributors
- Traders
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
Secondary Research
- Industry Publications
- Europa
- World Bank
- Industry Associations
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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