Emphasis on Component (Light Source, Optics, Mask, and Others); End-User (Integrated Device Manufacturer, and Foundries); Region/Country.
The Extreme Ultraviolet Lithography Market was valued at USD 9,137.2 Million in 2023 and is expected to grow at a strong CAGR of around 12.8% during the forecast period (2024-2032) owing to government support, technological advancements, and increasing demand for smaller, high-performance chips.
EUV Lithography market is a secondary market segment of the semiconductor industry that is required for producing chips at advanced nodes like 5nm, 3nm, and beyond. EUV lithography, with a wavelength of 13.5 nm, is used for high-resolution patterning of semiconductor wafers and is required for the development of smaller faster more efficient chips. This is key to unleashing innovations in AI, 5G, the IoT, autonomous vehicles, and consumer electronics. Mainly driven by the rising market need for high-performance chips, significant investment by industry giants such as TSMC, Samsung, and Intel, and rapid advancements in semiconductor fabrication technology. The adoption of EUV lithography worldwide is also assisted by government funding and the establishment of semiconductor supply chains by government initiatives.
The US, South Korea, and Taiwan are the fastest-growing countries in the EUV lithography market, fuelled by their strong semiconductor ecosystems and massive investments in the most advanced manufacturing technologies. With huge CHIPS Act investments and new fabs by Intel and TSMC, the U.S. is growing rapidly. Samsung and SK Hynix of South Korea have a bet on themselves expanding foundry capacity to ride global demand for advanced chips. TSMC, headquartered in Taiwan, is still leading the world in chip production because it has the most advanced abilities and the capacity of high volume make. Also, China is increasingly taking a more active role, with deep government investments to reduce reliance on foreign semiconductor technology and achieve technological self-reliance. The future of the EUV lithography market is being driven by these countries, in both fostering and scaling up innovation.
This section discusses the key market trends that are influencing the various segments of the Extreme Ultraviolet Lithography market as identified by our team of research experts.
The key driver of the EUV Lithography market is the requirement of smaller semiconductor nodes. With technology advancing in the likes of AI, 5G, and IoT, we’re seeing more purpose of smaller, more powerful, and energy-efficient chips. To make these advanced technologies possible, there must also be chips that are higher in transistor density to support faster processing speeds and less power consumption. To continue pushing beyond the 5nm, 3nm, and 2nm nodes semiconductor manufacturers must increasingly rely on EUV lithography to allow for the very precise patterning necessary for such low feature sizes. This is to keep the EUV market growing because of this urge for smaller nodes.
Semiconductor companies mass invest in research, development, and manufacturing, and EUV lithography adoption is accelerating. But Intel, TSMC, and Samsung are spending billions of dollars in research and development into silicon science to stay in front of the competitive world of chip-making. The focus of these investments is the manufacturing efficiency, development of new chip architectures, and creation of advanced semiconductor technologies. Therefore, EUV lithography is essential in enabling next-generation chips by extending the leading edge of current photolithography beyond what is currently possible.
Another main driver of the EUV market is the growing need for high-performance chips. Chips that deliver higher speeds, larger storage capacities, and more energy-efficient performance are fast becoming in demand across industries such as automotive, consumer electronics, data centers, and cloud computing. These requirements cannot be met without advanced semiconductor processes, such as EUV lithography, which allow the manufacture of chips with smaller, increasingly densely packed transistors that run faster and consume less power. That is as the reliance on these chips continues to grow in applications, the demand for EUV technology grows at the same time.
Once again, the adoption of EUV lithography is heavily dependent on government initiatives and funding. This is particularly true of many governments around the world, including those from regions like the United States, Europe, and Asia, which have begun to run initiatives to increase domestic semiconductor production and diminish their reliance on foreign technologies. Say, for example, the U.S. CHIPS Act spends money to encourage domestic chip manufacturing, driving the adoption of advanced technologies like EUV. Similarly, countries such as South Korea and Japan invested a lot in developing their semiconductor industries. This fosters an environment in which the EUV technology thrives and grows and, more importantly, this provides long-term market growth.
Asia Pacific (APAC) region is at the forefront of the Extreme Ultraviolet (EUV) lithography market, which attracts major semiconductor manufacturers like Taiwan Semiconductor Manufacturing Company (TSMC), Samsung Electronics, and SK Hynix. These companies are leading the way in adopting EUV for the production of advanced chips such as 5nm and 3nm nodes in the global hub of semiconductor production in APAC. In countries like Taiwan, South Korea, Japan, and China, government initiatives are further increasing the adoption of EUV, with large investments, funding and R&D support for domestic semiconductor R&D. APAC continues to be a key market for EUV lithography due to increasing demand for high performance, energy-efficient chips across industries such as 5G, AI and automotive, and for driving innovation and manufacturing capabilities that help define the global semiconductor landscape.
The Extreme Ultraviolet Lithography market is competitive and fragmented, with the presence of several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market include ASML Holding NV, NTT Advanced Technology Corporation, Canon Inc., Nikon Corporation, Intel Corporation, Taiwan Semiconductor Manufacturing Company Limited, Samsung Electronics Co. Ltd., Toppan Photomasks Inc., ZEISS Group, and Ushio, Inc.
In May 2024, Intel has secured all of ASML’s stock of High Numerical Aperture NA Extreme Ultraviolet (High NA EUV) chipmaking equipment due to be manufactured this year. According to a report in TheElec, Netherlands-based ASML has capacity to produce around five or six units of high-NA EUV equipment each year, with Intel having secured all five that are slated for production in 2024. Each unit costs approximately $370 million. The report added that Samsung and SK Hynix will now have to wait until the second half of 2025 to get hold of equipment from ASML.
The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
The report presents a quick review of overall industry performance at one glance.
The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
The study comprehensively covers the market across different segments.
Deep dive regional level analysis of the industry.
The global Extreme Ultraviolet Lithography market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology or Assumption
3. Executive Summary
4. Market Dynamics
5. Pricing Analysis
6. Global Extreme Ultraviolet Lithography Market Revenue (USD Mn), 2022-2032F
7. Market Insights By Component
8. Market Insights By End-User
9. Market Insights By Region
10. Value Chain Analysis
11. Competitive Landscape
12. Company Profiled
13. Acronyms & Assumption
14. Annexure
Analyzing the historical market, estimating the current market, and forecasting the future market of global Extreme Ultraviolet Lithography were the three major steps undertaken to create and explore the adoption of Extreme Ultraviolet Lithography in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, numerous findings and assumptions were taken into consideration to validate these insights. Moreover, exhaustive primary interviews were also conducted with industry experts across the value chain of the global Extreme Ultraviolet Lithography market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of Extreme Ultraviolet Lithography through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of Extreme Ultraviolet Lithography, we conducted a detailed secondary analysis to gather historical market insights and share for different segments and sub-segments for major regions. Major segments are included in the report, such as Component and End User. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Extreme Ultraviolet Lithography. Further, we conducted factor analysis using dependent and independent variables such as Component and End User of Extreme Ultraviolet Lithography market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Extreme Ultraviolet Lithography sector across the globe.
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Extreme Ultraviolet Lithography market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
The industry’s market size, in terms of revenue (USD) and the adoption rate of the Extreme Ultraviolet Lithography across the major markets domestically
All percentage shares, splits, and breakdowns of market segments and sub-segments
Key players in the global Extreme Ultraviolet Lithography market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Extreme Ultraviolet Lithography market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of Component and End User in the global Extreme Ultraviolet Lithography market.
The current & future market trends of the global Extreme Ultraviolet Lithography market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Analyze the current and forecast market size of Extreme Ultraviolet Lithography industry in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
Segments in the study include areas of Component and End User
Define and analysis of the regulatory framework for the Extreme Ultraviolet Lithography industry
Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
Analyze the current and forecast market size of the Extreme Ultraviolet Lithography market for the major region
Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
Company profiles of the Extreme Ultraviolet Lithography market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry
Q1: What is the current market size and growth potential of the Extreme Ultraviolet Lithography market?
The Extreme Ultraviolet Lithography Market was valued at USD 9,137.2 Million in 2023 and is expected to grow at a strong CAGR of around 12.8% during the forecast period (2024-2032).
Q2: What are the driving factors for the growth of the Extreme Ultraviolet Lithography market?
The growth of the Extreme Ultraviolet Lithography market is driven by the increasing demand for smaller, high-performance chips, advancements in semiconductor technology, and significant investments in R&D and manufacturing.
Q3: Which segment has the largest share in the Extreme Ultraviolet Lithography market by Component?
The Light Source segment has the largest share of the Extreme Ultraviolet Lithography market by Component.
Q4: What are the emerging technologies and trends in the Extreme Ultraviolet Lithography market?
Emerging technologies and trends in the EUV lithography market include the development of high-power EUV light sources, improvements in mask technology, and the integration of AI and machine learning for enhanced process control and efficiency.
Q5: Which region will dominate in the Extreme Ultraviolet Lithography market?
APAC is expected to dominate the market during the forecast period.
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