Lithography Metrology Equipment Market by End-user and Geography - Forecast and Analysis 2021-2025

The lithography metrology equipment market share is expected to increase by USD 707.54 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.35%.

This lithography metrology equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers lithography metrology equipment market segmentations by end-user (foundry, memory, and IDMs) and geography (North America, Europe, APAC, South America, and MEA). The lithography metrology equipment market report also offers information on several market vendors, including Advantest Corp., ASML Holding NV, Canon Inc., Carl Zeiss AG, DuPont de Nemours Inc., EV Group, Hitachi Ltd., HORIBA Ltd., KLA Corp., and Nikon Corp. among others.

What will the Lithography Metrology Equipment Market Size be During the Forecast Period?

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Lithography Metrology Equipment Market: Key Drivers, Trends, and Challenges

The strong demand for miniaturized electronic devices is notably driving the lithography metrology equipment market growth, although factors such as cyclical nature of semiconductor industry may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the lithography metrology equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Lithography Metrology Equipment Market Driver

The strong demand for miniaturized electronic devices is a major factor driving the global lithography metrology equipment market share growth. One of the major transformations in the global semiconductor industry is the emergence of miniaturized semiconductor components such as ICs. The demand for miniaturized electronic devices has increased significantly. Manufacturers focus on reducing the size of devices without compromising their performance. Nanolithography systems play an important role in such a case. The equipment used, such as photolithography systems, needs to transfer the IC design from a photomask to a silicon wafer that is smaller in size. With the miniaturization of electronic devices, the use of optimized and miniaturized electronic circuits made of semiconductor materials has increased. This helps in keeping the structure small while delivering the same, if not better, performance. This has led to the emergence of Micro-Electro-Mechanical Systems (MEMS) and 3D chip packaging. Furthermore, ICs have become denser due to the additional transistors being added without occupying any extra space, which creates the need for finer patterning. The demand for miniaturized ICs will grow with the evolution of consumer electronics, which, in turn, will drive the growth of the global LME market.

Key Lithography Metrology Equipment Market Trend

The increase in wafer size is another factor supporting the global lithography metrology equipment market share growth. Over the last four decades, the semiconductor industry has witnessed an increase in the size of silicon wafers from 100 mm to 300 mm. The shift to wafers with a larger diameter reduces the cost of manufacturing semiconductor ICs by 20%-25%. Currently, the semiconductor industry is primarily using 300 mm wafers for manufacturing ICs. The trend is expected to continue during the forecast period, as companies are spending heavily on upgrading their existing facilities and undertaking the construction of news fabs for the manufacturing of 300 mm wafers. This will positively impact the demand for nanolithography equipment during the forecast period, thereby positively influencing the growth of the market.

Key Lithography Metrology Equipment Market Challenge

The cyclical nature of semiconductor industry will be a major challenge for the global lithography metrology equipment market share growth during the forecast period. The cyclicity of the semiconductor industry makes it highly volatile. Some examples of downturns that affect the market drastically are excess production capacity, obsolete products, and rapid price erosion of ICs. High fluctuations often lead to excess inventory levels in times of low demand and low inventory levels in times of high demand. As the demand for semiconductor ICs increases, the need for semiconductor equipment also increases. The nature of the cyclicity of the semiconductor industry makes it difficult to forecast the demand for ICs. Hence, orders for EUV lithography systems can be placed once there is a foreseeable increase in ICs by semiconductor foundries. With semiconductor IC node sizes changing every two years, there are chances of this equipment becoming obsolete, and therefore, will become a loss for lithography system vendors. Therefore, there will be a decline in revenue, which will limit the growth of this market.  

This lithography metrology equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global lithography metrology equipment market as a part of the global semiconductor equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the lithography metrology equipment market during the forecast period.

Who are the Major Lithography Metrology Equipment Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Advantest Corp.
• ASML Holding NV
• Canon Inc.
• Carl Zeiss AG
• DuPont de Nemours Inc.
• EV Group
• Hitachi Ltd.
• HORIBA Ltd.
• KLA Corp.
• Nikon Corp.

This statistical study of the lithography metrology equipment market encompasses successful business strategies deployed by the key vendors. The lithography metrology equipment market is fragmented and the vendors are deploying growth strategies such as promoting their product offerings through a clear and unique value proposition to compete in the market.

Product Insights and News

• Advantest Corp.- The company offers lithography metrology solutions that have the ability to create accurate and smooth nanopatterns on wafers for the 1X nm technology node, under the brand name of Advantest.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The lithography metrology equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Lithography Metrology Equipment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the lithography metrology equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global semiconductor equipment market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Lithography Metrology Equipment Market?

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53% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for lithography metrology equipment market in North America. Market growth in this region will be faster than the growth of the market in APAC, Europe and South AMerica.

Product launches, the presence of key vendors, the growing semiconductor industry in the region, and rising investments in fab wafers will facilitate the lithography metrology equipment market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Lithography Metrology Equipment Market?

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The lithography metrology equipment market share growth by the foundry segment will be significant during the forecast period. The market demand for electronic devices such as digital cameras, gaming consoles, and smartphones will continue to grow at a moderate rate. This moderate demand will be stemming from the developing regions of APAC like China, Japan, South Korea, and Taiwan, among others. The high growth potential of these countries in terms of the demand for electronic devices will drive OEMs of electronic devices and electronic manufacturing companies to order a higher number of semiconductor devices for their end-products, leading to the growing demand for semiconductor wafers, and consequently, increasing the revenue of the foundry segment. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the lithography metrology equipment market size and actionable market insights on post COVID-19 impact on each segment.

 

Lithography Metrology Equipment Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 7.35%
Market growth 2021-2025	$ 707.54 million
Market structure	Fragmented
YoY growth (%)	6.74
Regional analysis	North America, Europe, APAC, South America, and MEA
Performing market contribution	North America at 53%
Key consumer countries	US, Canada, China, Germany, Brazil, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Advantest Corp., ASML Holding NV, Canon Inc., Carl Zeiss AG, DuPont de Nemours Inc., EV Group, Hitachi Ltd., HORIBA Ltd., KLA Corp., and Nikon Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Lithography Metrology Equipment Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive lithography metrology equipment market growth during the next five years
• Precise estimation of the lithography metrology equipment market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the lithography metrology equipment industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of lithography metrology equipment market vendors

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