Photomask industry market is anticipated to grow at a considerable CAGR of 3.30% during the forecast period. The global reasons driving the growth of the photomask market are Increasing the use of electronic devices and the increased emphasis on technological advancements such as the Internet of Things (IoT). For Instance, Toppan Printing uses the IoT to optimize administrative operations the company has developed a simulation service to enhance the efficiency of administrative operations. The service uses sensors and other IoT devices for industry to make BPO and other administrative services visible and enable higher efficiency and quality. With this service, a scheme based on IoT platforms for industrial devices has been developed to enable Digital Twin, which has conventionally been employed predominantly in plants, to be used for administrative operations. According to SPIE.org, Merchant photomask companies service the majority of the 14nm and greater nodes globally. These industry important nodes are facing mask supply challenges in the coming decade due to tool obsolescence and new organic growth. The photomask industry is facing significant equipment obsolescence for the mask tools that support mature technologies. Recent progress on equipment obsolescence issues will be reviewed. In addition, significant wafer capacity is being added globally at mid and mature technologies (>=14nm) which will drive photomask demand. We will synthesize the tool availability and semiconductor growth factors into a forecasted demand for both mask equipment manufacturers and the merchant mask market and discuss the impact on the overall semiconductor market.

Segmental Outlook

The Photomask market is segmented based on product type, application type, and end users . Based on product type, the market is Sub-segmented into Quartz mask, Soda mask, Toppan, and Film. Based on Application, the market is Sub-segmented into Optical Devices, Discrete Components, Displays, and Micro-Electro-Mechanical Systems (MEMS). Based on End-Users, the market is Sub-segmented into semiconductor and flat panel display.

Semiconductor Held Major Market Share in Global Market

In global market of semiconductor Held a Major Market Shares the reason is to the huge demand for semiconductor components worldwide. According to Semiconductor Industry Association (SIA) Semiconductor technology has rapidly evolved as the industry develops more advanced products and process technologies for applications in end-use industries. In recent years, the largest segments of the worldwide semiconductor industry have been memory, logic, analog, and MPU. In 2021, these products accounted for 79 percent of semiconductor industry sales. The major growth drivers for this market are the growing adoption of consumer electronic products, usage of automated systems across various industry verticals. For instance, in June 2023, Applied Materials Inc. announced to build a collaborative engineering center in Bangalore for development and commercialization of technologies for semiconductor manufacturing equipment. the center will be designed to bring together Applied engineers, leading global and domestic suppliers, and top research and academic institutions, enabling them to collaborate in one location with a common goal of accelerating development of semiconductor equipment sub-systems and components.

According to SPIE.org, the industry is constantly evolving, and advanced OPC and mask technologies are at the forefront of this evolution. Photomask technology and quality significantly influence how well semiconductor chip design objectives are realized in the final product.

Regional Outlook

The Photomask market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America).Among these, Europe is anticipated to hold a prominent share of the market across the globe, companies such as toppan group in europe, and HTA photomask expanding their manufactures and sales of photomask.  

Global Photomask Market Growth by Region 2023-2030

Asia-Pacific is Expected to Hold a Major Share in the Global Market

Asia-Pacific is expected the largest regional photomask market because of higher demand and uses in semiconductor industry. The rapidly expanding end-use industrial base along with the growing number of manufacturing units in developing nations such as China and India, the market has witnessed an exponential increase in the regional sales. According to semiconductor industry association (SIA), the largest country market in the Asia-Pacific region is China. China and South Korea are the leading countries in the photomask market due to the presence of most of the key electronics manufacturing companies. For instance, In May 2017, Dai Nippon Printing Co., Ltd. (DNP)and Photronics Inc. announced that they are establishing a semiconductor photomask manufacturing and sales joint venture (JV) in China. For instance, In August 2019, U.S.-based GlobalFoundries Inc., the world's third-largest semiconductor foundry announced that it was selling off its photomask business to Japan’s Toppan Photomasks Inc. with the growing part companies of Asia-pacific region focusing on acquisition to extend their market presence  

Market Players Outlook

The major companies serving the global photomask market include Toppan Inc., Dai Nippon Printing Co., Ltd., Photronics, Inc., HOYA Corporation, and SK-Electronics Co., Ltd. among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in the year 2018, photronics forms joint venture with dai nippon printing, extending successful IC partnership that begin in Taiwan in year 2014 to now include all sales, marketing, distribution and manufacturing in chain, including facility in Xiamen. 

The Report Covers

• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the photomask market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.