Global Laser Photomask Market - Segmented by Trade Type (Captive, Merchant), Photomask Type (Reticles, Masters) and Geography - Growth, Trends, and Forecasts (2018 - 2023)
The global laser photomask market is projected to register a CAGR of 2.7% during the forecast period of 2018 - 2023. The scope of the report includes insights about several products offered by major players. By trade type, the market studied has been segmented into captive and merchant. Based on photomask type, the market studied has been segmented into reticles and masters. The regions included in this study are - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
The photomask market is highly competitive and is characterized by rapid technological changes, evolving standards, and high manufacturing costs. The continuous decrease in the feature size of semiconductor ICs has increased the complexity of photomasks.
Demand for Wireless Computing Devices
Technological advancements and increasing disposable income of the population are expected to influence the demand for computing devices. The increasing application of computing devices from retailers of the healthcare sector is enabling the vendors of computing devices to provide multi-featured, cost-effective devices to address the clients’ purpose. The demand for small-sized gadgets has resulted in the need for more functionalities from a single device, where an IC chip will have to accommodate transistors to support more functionalities
Asia-Pacific Occupies a Significant Market Share
Due to the significant demand for semiconductor components, particularly integrated chips, China is a major revenue generating country. South Korea, Japan, and Taiwan are the three other major countries in the region. With the increased domestic production of ICs, photomasks, which form an integral part of ICs, are also expected to witness increased demand. The presence of major electronic device manufacturers, such as Haier, Huawei, Lenovo, LG Electronics, Samsung, and Sony in Asia-Pacific, is also expected to impact the market’s growth during the forecast period.
Key Developments in the Market
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