Insights on the Photomask Global Market to 2027 - by Product, Mask Shop Type, Application and Region
DUBLIN, June 22, 2022 /PRNewswire/ -- The "Photomask Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global photomask market reached a value of US$ 4.52 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 5.71 Billion by 2027, exhibiting at a CAGR of 4.24% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Moreover, photomasks are extensively utilized in the production of optical devices, electro-optical devices, hybrid circuitry, resistor networks, liquid crystal displays (LCDs), and microelectromechanical systems (MEMS). This, in confluence with the rising demand for fast computing memories and processors, is contributing to the market growth.
Furthermore, the emerging trend of automation in industrial processes is positively influencing the adoption of photomasks to enable digital transformation. They also assist in improving product quality, facilitating uniform production, and obtaining safe, fast, and efficient operations, which is propelling the overall product demand.
Apart from this, boosting sales of vehicles, in confluence with the increasing focus on improving communication (VC) and safety systems, are driving the use of photomasks in the automotive industry. Furthermore, exanding applications of photomasks in the defense and military and healthcare industries are projected to provide lucrative growth opportunities to market players.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Advance Reproductions Corp., Applied Materials Inc., HOYA Corporation, Infinite Graphics Incorporated, KLA Corporation, LG Innotek Co. Ltd, Mycronic AB (publ), Nippon Filcon Co. Ltd., Photronics Inc., SK-Electronics Co. Ltd., Taiwan Mask Corporation and Toppan Printing Co. Ltd.
Key Topics Covered:
11 Value Chain Analysis
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