Global Photomask Market - Industry Trends and Forecast to 2029

Global Photomask Market, By Product Type (Quartz Mask, Soda Mask, Toppan, Film), Mask Shop Type (Captive Mask, Merchant Mask), Application (Optical Devices, Discrete Components, Displays, MEMS, Others), End User (Semiconductor, Flat panel display, Touch industry, Circuit board) – Industry Trends and Forecast to 2029.

Global Photomask Market Analysis and Size

In 2018, the internet penetration rate reached 4.021 billion, up 7% year on year, while the number of social media users reached 3.196 billion, up 13% year on year, and the number of mobile phone users reached 5.135 billion, up 4% year on year. Furthermore, Asian businesses have improved electronic device production techniques, establishing the Asia-Pacific as the main hub for photomask market growth. All electronic devices contain semiconductors. And rising demand of electronics and semiconductors further enhances the requirement of photomask in the market.

• Data Bridge Market Research analyses that the photomask market was valued at USD 4.52 billion in 2021 and is expected to reach USD 5.91 billion by 2029, registering a CAGR of 3.40 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Global Photomask Market Definition

Photomasks are image-transfer tools that are created by exposing or writing a pattern onto a resist-coated chrome blank device. They are made up of solid, transparent substrates with an opaque surface covering. They come in a variety of varieties and are used in a variety of applications, including microlithography and integrated circuits (ICs). Photomasks are increasingly commonly used for correctly transferring patterns to silicon wafers as transistors become smaller and more advanced.

Report Scope and Market Segmentation

Photomask Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Rising Demand For Consumer Electronics

Semiconductors are critical components in modern electronics manufacture. This, together with the rising demand for consumer devices such as smartphones, notebooks, and wearables, is one of the key drivers of market expansion.

• Growing Demand For Fast Computing Memories And Processors

Optical devices, electro-optical devices, hybrid circuits, resistor networks, liquid crystal displays (LCDs), and microelectromechanical systems all use photomasks to some extent (MEMS). This, together with increased demand for rapid processing memory and processors, is fueling market expansion.

Furthermore, increasing level of disposable income and growing urbanization will drive market value growth. The market is being fueled by the growing internet penetration and emerging trend of automation in industrial processes. The rising number of applications in healthcare and defense and military sector are expected to boost their use of photomask as a result of the increasing trend of sustainable printing.

Opportunities

• Rising sale of vehicle

Boosting sale of vehicle coupled with growing focus on improving communication and safety systems will cushion the market’s growth rate in coming years. Along with this, the surging technological advancement will boost new market opportunities for the market’s growth rate.

Moreover, rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the market’s growth rate.

Restraints/ Challenges Global Photomask Market

However, worldwide financial uncertainty and macroeconomic situations including currency exchange and economic issues will hinder the photomask market growth rate. The negative impact of COVID-19 outbreak on supply chain will pose major challenge for the market’s growth rate. Continuous shrinking geometrics of semiconductor ICs and technical limitations are the primary restraining factors that would negatively impact the growth of the photomask market.  

This photomask market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the photomask market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Photomask Market

Over the last 18 months, almost every industry on the planet has suffered a setback. This can be ascribed to severe disruptions in their respective manufacturing and supply-chain operations therefore as a consequence of multiple precautionary lockdowns and other limitations imposed by governments all over the world. The photomask market is no exception. Furthermore, consumer preferences has decreased as people are now much more concentrated on removing non-essential expenses from their budgets as the wider economic situation of most people has been adversely impacted by this outbreak. Over the forecast period, the aforementioned factors are likely to have a negative impact on the photomask market's revenue trajectory.

Global Photomask Market Scope

The photomask market is segmented on the basis of product type, mask shop type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Quartz Mask
• Soda Mask
• Toppan
• Film

On the basis of product type, the photomask market is segmented into quartz mask, soda mask, toppan, and film.

Mask Shop Type

• Captive Mask
• Merchant Mask

On the basis of mask shop type, the photomask market is segmented into captive mask, and merchant mask.

Application

• Optical Devices
• Discrete Components
• Displays
• MEMS
• Others

On the basis of application, the photomask market is segmented into optical devices, discrete components, displays, mems, and others.

End User

• Semiconductor
• Flat panel display
• Touch industry
• Circuit board

On the basis of end user, the photomask market is segmented into semiconductor, flat panel display, touch industry, and circuit board.

Photomask Market Regional Analysis/Insights

The photomask market is analysed and market size insights and trends are provided by country, product type, mask shop type, application and end user as referenced above.

The countries covered in the photomask market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the photomask market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the presence of major key players in this region. Additionally, increasing demand das well as consumption of photomask in semiconductors industry will propel the market’s growth rate in this region. 

During the projected period, Europe is expected to be the fastest developing regions due to the surging adaptation of advanced photomask in electronic and semiconductors industry in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Photomask Market Share Analysis

The photomask market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to photomask market.

Some of the major players operating in the photomask market are:

• Applied Materials, Inc. (US)
• SK-Electronics Co., Ltd. (Japan)
• Toppan Photomasks (US)
• Photronics, Inc. (US)
• LG INNOTEK (South Korea)
• Compugraphics (US)
• Toppan Chunghwa Electronics Corporation (Taiwan)
• Infinite Graphics Incorporated (US)
• NIPPON FILCON CO., LTD. (Japan)
• Plasma-Therm (US)
• HOYA Corporation (Japan)
• Lasertec Corporation (Japan)
• KLA Corporation (US)
• PKL Services, Inc. (US)
• Mycronic (Sweden)
• MacDermid Alpha Electronics Solutions (US)
• Taiwan Photomask Co., Ltd. (Taiwan)
• Qingyi Photomask Limited (China)