Global Photomask Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Photomask Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The photomask industry is a capital-intensive industry, with high industry barriers. In addition, the vigorous development of the downstream industry has increased the demand for photomasks, and some customer companies may expand their business along the industrial chain, in other word, enter the photomask industry, to serve their core business, and resulting in increased competition in the industry. In this context, if the company lacks an experienced technical team and a strong financial background, it will be difficult to gain a foothold in the global market; for a single market in certain regions, the relatively low price of high-quality products may provide opportunities for new entrants.

Market Overview:

The latest research study on the global Photomask market finds that the global Photomask market reached a value of USD 4306.45 million in 2022. It’s expected that the market will achieve USD 6250.67 million by 2028, exhibiting a CAGR of 6.41% during the forecast period.

Influence of COVID-19 Outbreak on Photomask Industry Development

The spread of the COVID-19 has brought uncertainty to the global economy. Strictly implemented control policies will affect all major links and all entities in the industry chain. First of all, the downstream industry of the photomask may face a decline in demand and a slowdown in development. Second, the company's management efficiency has declined, commuting has been severely hindered, sales orders have been delayed, network expansion has been delayed, marketing has been delayed, brands have been forced to adjust, market sales have declined, and company and employee income have been damaged. Finally, the production of photomasks relies on the global industrial chain. The epidemic will result in insufficient supply of raw materials or failure to purchase in time, equipment cannot be installed in time, and project construction progress will be affected. This will affect the company's normal production plan.

In the short term, this epidemic will have a huge negative impact on the supply side. So far, although many countries have begun to resume production and production, but the clear turning point has not yet arrived. The OECD predicts that if the epidemic occurs a second wave before the end of the year, the global economy will decline by 7.6%. The final impact on the photomask industry will depend on the situation and duration of global epidemic prevention and control and the implementation of various prevention and control measures by governments around the world.

Strength

Increasing downstream demand:
Due to the growth of the middle-class population, consumption of consumer electronic devices is increasing. Consumer electronics requires semiconductors and ICs for processing, and photomasks are an important part of semiconductors manufacturing. Therefore, the increase in demand for consumer electronics has indirectly increased the demand for photomasks. Secondly, with the advent of the 5G era, the phenomenon of the Internet of Everything and the explosive growth of data have emerged. The rapid development of emerging industries represented by the Internet of Things, artificial intelligence, cloud computing, smart cars, smart homes, and wearable devices has generated a large number of chip product demands. It is expected to become a new driving force for the development of the semiconductor industry, bring new development opportunities for semiconductor companies, and indirectly promote the development of the photomask industry.

Relative high barrier of entry：

The industry is a capital-intensive industry. The high product cost and the complexity of the manufacturing process form a relatively high industry threshold. High industry barriers will eliminate outdated enterprises and hinder the entry of unqualified enterprises. This will help good companies develop and consolidate their stable market position, thereby promoting industry development.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Toppan, DNP, Photronics, Hoya Corporation and LG Innotek are the five key players in the global Photomask market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Photomask market in the past 5 years.

DNP, established in 1876, is a Japanese printing company. The company develops printing business in three areas; information and communication, lifestyle and industrial supplies, and electronic products.

It involves a variety of printing processes, from magazines to shadow masks used to produce displays, as well as output coupling enhancement structures for LCD displays and scattering for display backlights. The company has more than 35,000 employees.

Photronics, Inc. manufactures photomasks, which are high-precision quartz plates containing microscopic images of electronic circuits. The company's products are used to transfer circuit patterns to semiconductor wafers during integrated circuit manufacturing. Photronics has manufacturing facilities in Asia, Europe and North America.

Segmentation Overview:

Among different product types, Quartz Mask segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Semiconductor segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Photomask market covered in Chapter 3:

Photronics
DNP
Shenzhen Qingyi Photomask Ltd
Toppan
LG Innotek
Taiwan Mask Corporation
Nippon Filcon
Compugraphics
Shenzhen Newway Photomask Making Co., Ltd
Hoya Corporation
SK-Electronics

In Chapter 4 and Chapter 14.2, on the basis of types, the Photomask market from 2018 to 2029 is primarily split into:

Quartz Mask
Soda Mask
Toppan
Film

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Photomask market from 2018 to 2029 covers:

Semiconductor
Flat Panel Display
Touch Industry
Circuit Board

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)