Global Photomask Market 2017-2021

Overview of the global photomask market

Market research analysts at Technavio predict that the global photomask market will grow steadily during the next four years and post a CAGR of over 3% by 2021. This market research analysis identifies the rising demand for the Internet of Things (IoT) as one of the primary growth factors for this market. IoT is a network of mechanically and digitally interconnected computing devices that provides a unique capability to transfer data and information over the network without any human-to-computer interaction. The IoT market is one of the fastest growing markets as it enables the connected device to use sensorsand actuators to collect, record, and transmit data to other computing devices on a real-time basis. The higher adoption of IoT will demand the need for semiconductors which in turn, will drive the growth of the photomask market.

One of the latest trends that will gain traction in the photomask market in the coming years is the shorter replacement cycle of electronic gadgets. Due to the technological advancements and the increase in disposable incomes, the buying pattern for consumer electronics is constantly changing and most of the customers are upgrading to new and improved electronic products. This will boost the sales of consumer electronics, which will consequently drive the semiconductor manufacturing and photomask market during the forecast period.

Competitive landscape and key vendors

Due to the presence of several local and regional vendors, the photomask market appears to be fragmented. It is important for vendors to differentiate their products and services through a clear and unique value proposition to survive and succeed in this stiff competitive environment. The need for huge capital investments poses as the major barrier that restricts the entry of new players. Vendors in this market are expected to witness substantial challenges to their growth due to the rapid technological advances and the cyclical nature of the semiconductor industry.

The leading vendors in the market are -

• Applied Materials
• Dai Nippon Printing
• KLA-Tencor
• Lasertec Corporation
• Photronics
• Toppan Photomasks

The other prominent vendors in the market include Compugraphics Photomask Solutions, HOYA, SK-Electronics, NIPPON FILCON, HTA Photomask, and PKL.

Segmentation by equipment and analysis of the photomask market

• Photomasking equipment
• Photomask inspection equipment

During 2016, the photomasking equipment segment accounted for the major shares and dominated the photomask market. Photomasking is carried out to ensure high performance of the chipset when many transistors are mounted to it. The requirement for photomasking equipment is expected to increase due to the higher demand for high chip density. Additionally, factors such as the large-scale production and sales of wireless computing and communication devices will also contribute to the growth of this market segment in the coming years.

Geographical segmentation and analysis of the photomask market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the photomask market by 2021. Countries such as China, South Korea, and Japan have a huge demand for semiconductor components and will account for a major share of the market in APAC. Additionally, the increase in domestic production of ICs and the support from the Chinese government will also boost the requirement for photomasking as a part of IC manufacturing.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global photomask market?
• What are the key market trends impacting the growth of the global photomask market?
• What are the challenges to market growth?
• Who are the key vendors in the global photomask market?
• What are the market opportunities and threats faced by the vendors in the global photomask market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global photomask market?