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Global Photomask Market to Exceed USD 3 Billion by 2020, According to TechnavioAccording to Technavio's latest report, the global photomask market is likely to grow at a CAGR of over 2% through 2020. Photomask fabrication is becoming increasingly complex and expensive. The margin on the production of photomasks is very low. Advanced photomasks have higher margins, but to develop them, manufacturers should have adequate financial resources and a strong technology framework for the R&D. In this report, Technavio covers the present scenario and growth prospects of the Global Photomask Market 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors operating in the market. The market is segmented into the following regions:
APAC: global leader in the photomask market The photomask market in APAC is estimated to exceed USD 2 billion in 2020, growing at a CAGR of around 2% during the forecast period. South Korea, Japan, and Taiwan are the three leading countries in this region that account for approximately 67% of the total global photomask market. These countries are also home to companies that dominate the electronics manufacturing industry. According to Technavio, the high concentration of major electronic device manufacturers such as Haier, Huawei (News - Alert), Lenovo, LG Electronics, Samsung, and Sony is a key reason for the dominance of the APAC region in this market. Asif Gani, a lead analyst at Technavio for semiconductor equipment research says, "China is another emerging country in the region which has a huge demand for semiconductor components, especially integrated chips Currently, more than two-third of the demand for ICs in China is fulfilled by US firms like Intel (News - Alert). The Chinese government has introduced policy changes to promote the domestic semiconductor industry which in turn will boost the Chinese economy." Request for a sample: http://goo.gl/rgrC1X Americas: expected to contribute 22% of the global photomask revenue The photomask market in the Americas was valued at USD 710 million in 2015 and is expected to grow at a CAGR of over 2% during the forecast period. The region is expected to contribute 22% of the global photomask revenue by 2020. The proliferation of global semiconductor giants such as Intel, Texas Instruments and Qualcomm (News - Alert), is the key reason for growth in this region. The region also has a number of flat panel display manufacturers. EMEA: low concentration of electronic device manufacturers impacts growth The photomask market in EMEA was valued at USD 370 million in 2015 and is expected to see a slight decline during the forecast period. EMEA accounts for almost 11% of the global photomask revenue. Revenue contribution from EMEA is low as compared to the other regions. The contribution is expected to fall further during the forecast period owing to the proliferation of the semiconductor industry in APAC, especially China and Taiwan. "The region has a low concentration of electronic device manufacturers. High manufacturing and labor costs may further discourage photomask manufacturers from setting up manufacturing units in the region," says Asif. Key Vendors: Some of the other prominent vendors listed in the report are: Compugraphics Photomask Solutions, Hoya, SK Electronics, Taiwan Mask, Nippon Filcon, HTA Photomask, PKL, Plasma Therm, and Mycronic. Browse Related Reports:
Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio's reports allows you to download any three reports per month for the price of one. Contact [email protected] with your requirements and a link to our subscription platform. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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