Lithography Equipment Market Forecasts to 2030 - Global Analysis by Technology, Process Type, Component, Wavelength, Application, End User and By Geography

According to Stratistics MRC, the Global Lithography Equipment Market is accounted for $29.2 billion in 2024 and is expected to reach $50.6 billion by 2030 growing at a CAGR of 9.57% during the forecast period. Lithography equipment is the specialized apparatus used in the semiconductor manufacturing process to put complicated circuit layouts onto silicon wafers. The production of integrated circuits and microchips, which power a variety of electronic gadgets, depends on this technique. To achieve high accuracy and resolution in patterning, the apparatus uses a variety of methods, including as extreme ultraviolet (EUV) lithography and photolithography. Light sources, optical systems, and masks that specify the circuit designs are essential parts of lithography equipment. Improvements in lithography equipment are essential for allowing smaller, more efficient semiconductors as technology develops, bolstering the expansion.

According to the IEA report, the share of electric cars in total sales increased to over 14% in 2022 with over 10 million sales as compared to over 4% in 2020.

Market Dynamics:

Driver:

Growing Semiconductor Demand

Growing semiconductor demand has a substantial influence on the lithography equipment industry, since it drives innovation and increases production capacity. Manufacturers need sophisticated lithography technology to create smaller, more effective semiconductors as sectors like consumer electronics, automotive, and telecommunications grow. Investments in state-of-the-art lithography machinery, such as extreme ultraviolet (EUV) systems, are encouraged by this spike in demand, which improves manufacturing capacity.

Restraint:

High Production Costs

High manufacturing costs in the lithography equipment industry limit investment and reduce accessibility for smaller producers. Because modern lithography systems are costly and need constant maintenance and operations, businesses may be discouraged from improving or growing their capabilities. Innovation and competitiveness may be slowed by this financial barrier, especially for businesses who cannot afford to invest in cutting-edge technology to keep up with the growing demand.

Opportunity:

Rise of Emerging Technologies

Emerging technologies like 5G, AI, and the Internet of Things have a big influence on the market for lithography equipment because they increase demand for sophisticated semiconductor production. Because these technologies need more complicated and miniaturized high-performance processors, manufacturers are investing in advanced lithography solutions, such as nanoimprint lithography and extreme ultraviolet (EUV) lithography. In addition to encouraging cooperation between technology developers and lithography equipment providers to satisfy changing industry demands, this trend spurs innovation.

Threat:

Supply Chain Disruptions

Supply chain interruptions hurt the lithography equipment business by delaying the delivery of crucial components and supplies. Production schedules are hampered by these delays, and producers may incur higher expenses as a result. Furthermore, firms may be forced to delay investments in new technologies due to supply availability uncertainties, which would impede innovation and make it more difficult for them to fulfill the rising demand for sophisticated semiconductor solutions.

Covid-19 Impact:

COVID-19 significantly impacted the lithography equipment market by disrupting supply chains and slowing production due to lockdowns. Demand for semiconductors surged as remote work and digital solutions became essential, highlighting the need for advanced lithography technologies. Post-pandemic recovery efforts have since accelerated investments in semiconductor manufacturing, driving growth in the lithography equipment sector.

The solar cells segment is expected to be the largest during the forecast period

The solar cells segment is expected to be the largest during the forecast period as solar technology evolves; manufacturers seek high-precision lithography equipment to create efficient photovoltaic cells and modules. This shift drives innovation in lithography processes, enhancing resolution and production speed. Additionally, the push for renewable energy solutions stimulates investments in research and development, encouraging collaborations between equipment manufacturers and solar technology firms, ultimately expanding the lithography market while supporting sustainability initiatives.

The medical devices segment is expected to have the highest CAGR during the forecast period

The medical devices segment is expected to have the highest CAGR during the forecast period due to advancements in precision manufacturing and technology. As the healthcare sector increasingly relies on sophisticated diagnostic and therapeutic devices, manufacturers require high-resolution lithography tools for producing intricate components like microelectronics and sensors. This growth stimulates innovation in lithography processes, enhancing equipment capabilities. Additionally, the focus on developing biocompatible materials and miniaturized devices further propelling the lithography equipment market forward.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to innovation and enhancing the region's technological capabilities. As major semiconductor manufacturers invest in advanced lithography technologies, production efficiency and precision improve, supporting the demand for cutting-edge electronic devices. This growth fosters job creation and the development of a highly skilled workforce in engineering and manufacturing sectors. Additionally, the market encourages research and development, positioning North America as a leader in semiconductor technology.

Region with highest CAGR:

Asia Pacific is projected to witness the highest CAGR over the forecast period due to the booming semiconductor and electronics industries. As demand for advanced technologies like 5G, IoT, and AI increases, manufacturers are investing heavily in high-precision lithography tools to enhance chip production efficiency and performance. This growth is further fueled by government initiatives promoting technological innovation and local manufacturing. As a result, the market not only strengthens the region's position in the global supply chain but also encourages sustainable practices.

Key players in the market

Some of the key players in Lithography Equipment Market include Applied Materials, Inc., ASML Holding N.V., Canon Inc., Carl Zeiss SMT GmbH, EV Group (EVG), JEOL Ltd., KLA Corporation, Lam Research Corporation, Nikon Corporation, Photronics, Inc., Rudolph Technologies, SCREEN Holdings Co., Ltd., SUSS MicroTec SE, Tokyo Electron Limited (TEL), Toppan Printing Co., Ltd. and Veeco Instruments Inc.

Key Developments:

In June 2024, ASML Holding N.V. announced the opening of the High NA EUV Lithography Lab in Veldhoven, the Netherlands, a lab jointly run by ASML and imec.

In May 2024, ASML and Eindhoven University of Technology (TU/e) have signed an agreement on a significant expansion of their collaboration; it provides groundbreaking new knowledge and technology that contributes to solutions for society and Dutch earning capacity.

In June 2023, ASML Holding N.V announced that they intend to intensify their collaboration in the next phase of developing a state-of-the-art high-numerical aperture (High-NA) extreme ultraviolet (EUV) lithography pilot line at imec.

Technologies Covered:

• Extreme Ultraviolet Lithography
• Deep Ultraviolet Lithography
• Electron Beam Lithography
• X-Ray Lithography
• Nanoimprint Lithography
• Laser Direct Imaging (LDI)
• Other Technologies

Process Types Covered:

• Photolithography
• Maskless Lithography
• Soft Lithography
• Other Process Types

Components Covered:

• Lithography Systems/Tools
• Light Sources (Lasers, Lamps)
• Masks and Mask Blanks
• Photoresists and Chemicals
• Metrology and Inspection Equipment
• Other Components

Wavelengths Covered:

• Ultraviolet
• Visible Light
• Infrared Light

Applications Covered:

• Semiconductors
• Displays
• LEDs and Optoelectronics
• Printed Circuit Boards (PCBs)
• Solar Cells
• Medical Devices
• Other Applications

End Users Covered:

• Consumer Electronics
• Telecommunications
• Automotive
• Aerospace and Defense
• Renewable Energy
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances