Semiconductor Lithography Equipment Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Global Semiconductor Lithography Equipment Market was valued at USD 15.84 billion in 2020, and it is projected to be worth USD 28.87 billion by 2026, registering a CAGR of 9.54% during the forecast period (2021-2026). The outbreak of the COVID-19 across the globe has significantly disrupted the supply chain and production of the studied market in the initial phase of 2020. For semiconductor manufacturers, the impact was more severe. Due to labor shortages, many of the players in the semiconductor supply chain across the world have reduced or even suspended operations. This has created a bottleneck for end-product companies that depend on semiconductors.
Key HighlightsThe market is concentrated in nature due to few of the vendors such as ASML, Veeco and Nikon occupying the majority share of the market. The key equipment for semiconductor manufacturing is basically monopolized by American and Japanese companies. With growing consolidation and technological advancement and geopolitical scenarios, the studied market is witnessing fluctuation. In addition to this, with increasing vertical integration, the intensity of competition in the studied market is expected to continue to rise, considering their ability to invest, which results from their revenues.
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