Photomask Market to Reach USD 4,949.1 Mln by 2025, States The Insight Partners in Its In-Demand Report Available at MarketPublishers.com27 Jul 2017 • by Natalie Aster
LONDON – Globally, the photomask market is projected to grow from USD 3,320.0 million in 2015 to be estimated at USD 4,949.1 million by 2025.
With respect to end-user verticals, semiconductor and IC will likely keep on taking the lead in the marketplace. To date, nearly 30% of the photomask are utilised by semiconductor & IC manufacturers. With the robust growth in semiconductor device sales, the demand for a novel class of photomasks is also expected to increase. Processor technology developments by Intel, Qualcomm, Nvidia and AMD is opening up a bright growth opportunity for the photomask marketplace. The existence of cutting-edge technology for semiconductor packaging like 3D packaging to minimise the size of semiconductor devices is poised to multiply the demand for novel photomask sets to produce these chips. In addition, implementation of IoT is further anticipated to boost the rate of the penetration of semiconductors and IC in everyday things.
The integration of robotics is amid the major trends that are expected to influence the market in the forthcoming years. The rise of automation in the electronics and semiconductor industry has seen considerable progress throughout the period. As the market is observing growth and uptake of automation, shortly after competition is set to intensify with the help of innovations.
In-demand research report “Photomask Market to 2025 - Global Analysis and Forecasts by Type, Application and End-user Vertical” developed by The Insight Partners offers a granular market assessment with in-depth, true insights into the market performance. It provides detailed market segmentation by type, end-user, application and geography; offers PEST analysis of the industry by region. The study sheds light on the market dynamics covering key drivers and restraints, opportunities and prospective trends. It also pinpoints major market growth opportunities and challenges and looks at the key industry development trends. The publication limelights the current environment in the marketplace and examines the future growth trajectory of the sector up to 2025. The report covers the competitive landscape and profiles the 10 prominent players.
Click here to find more comprehensive, insightful research reports created by The Insight Partners.