Albany, New York, Jan. 17, 2019 (GLOBE NEWSWIRE) -- Transparency Market Research (TMR) witnesses the global photomask market has a highly competitive vendor landscape. Some of the companies dominating the global photomask market are KLA-Tencor Corporation, Photronics, Inc., Applied Materials, Inc., Nippon Filcon Co., Ltd, Toppan Printing Co., Ltd., Lasertec Corporation, SK-Electronics Co., Ltd, LG Innotek Co., Ltd, HOYA Corporation, and Taiwan Mask Corporation. These players are focusing on the development of new photomasks with the shrinking size of semiconductor and technological advancement such as 3D packaging.

According to TMR, the global photomask market is expected to attain a value of US$4,249.1 mn by the end of the year 2026. The market is anticipated to swell with a CAGR of 2.3% over the forecast period from 2017 and 2026.

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Based on the photomask type, the master segment dominated the global photomask market and is expected to remain dominant over the forecast period by accounting for the US$2,600 mn by the end of the forecast period. On the basis of region, Asia Pacific dominated the global photomask market owing to the presence of the countries, which are known to be the electronic hub such as Korea and China.

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Growing Penetration of Electronic Devices to Propel Growth

Growing demand for the smart home, smart cities, smart cars, and smart infrastructure is boosting adoption of advanced devices based on the Internet of Things (IoT) in the numerous industries. Additionally, adoption of robotics and automation across numerous end-use application is growing substantially. Growing automation in semiconductor and semiconductor industry coupled with technological advancement is driving the growth of the global photomask market.

The global photomask market is gaining traction due to the growing development of chips and high density of circuits in the single chip. The aforementioned factors are responsible for the proliferation of photomask globally. Additionally, growing demand for the various industry is fuelling the growth of the global photomask market.

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Growing Technological Advancement to Offer Lucrative Opportunities for Growth

Growing technological advancement in the photomask is boosting its adoption primarily in the semiconductor industry. The aforementioned factor is boosting the growth of the global photomask market. Growing adoption of the lithography techniques for transferring circuits and display patterns are boosting its adoption and likely to fuel the growth of the global photomask market.

Another trend such as short replacement cycle coupled with growing disposable income is boosting sales of the consumer electronic and boosting adoption of the photomask. This is another factor in boosting the growth of the photomask market. Additionally, these factors are expected to help to remain dominant over the forecast period.

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This information is encompassed in the report by TMR, titled “Photomask Market (Photomask Type- Masters, Reticles; Trade Type- Merchant, Captive; Technology Type- Emulsion, Laser, E-Beam) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026.”   

For the study, the Photomask market has been segmented as follows:

By Photomask Type:

  • Masters
  • Reticles

By Trade Type:

  • Merchant
  • Captive

By Technology Type:

  • Emulsion
  • Laser
  • E-Beam

By Geography:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Australia
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East & Africa

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