Demand for lithography equipment is expected to reach USD 49.6 Billion by 2033, with a 7.5% CAGR

From GlobeNewswire: 2024-05-29 12:30:00

Custom Market Insights published a report on the Lithography Equipment Market, forecasting a compound annual growth rate (CAGR) of 7.5% from 2024-2033. Demand was valued at USD 24.2 Billion in 2023 and is expected to reach USD 25.8 Billion in 2024, growing to USD 49.6 Billion by 2033. The industry trend focuses on higher technology nodes for semiconductor production to meet demand for smaller, more energy-efficient electronic devices. Mask aligners and 3D ICs are key segments driving market growth for lithography equipment.

The lithography equipment market, critical for semiconductor production, is expected to reach USD 49.6 Billion by 2033, with a CAGR of 7.5% from 2024-2033. The industry emphasis is on higher technology nodes for semiconductor production in response to the need for smaller, more energy-efficient electronic devices. North America leads the market due to its strong semiconductor sector and technological innovation.

North America holds the largest market share in the global lithography equipment market, driven by demand for advanced microchips from key players like Intel, AMD, and Qualcomm. The region’s semiconductor sector, academic institutions, and government support for technologies like AI, 5G, and IoT lead to increased demand for lithography equipment. Key players in the market include ASML Holding N.V., Nikon Corporation, and Canon Inc.



Read more at GlobeNewswire: [Latest] Global Lithography Equipment Market Size/Share