Elettronica
Photomask Market to Garner $4.97 Billion, Globally, by 2026 at 2.5% CAGR, Says Allied Market Research
Rise in adoption of consumer electronic products, increase in usage of automated systems across various industry verticals, and surge in demand for semiconductors are the major factors driving the growth of the global photomask market. However, high product cost and complexity related to photomask manufacturing process impedes the growth to certain extent. On the contrary, increase in focus toward advancements in technologies such as IoT is expected to create lucrative opportunities in the near future.
Based on product, the master segment held the largest share in 2018, accounting for more than half of the global photomask market. This is due to its usage in multiple applications. The segment is expected to maintain its dominance throughout the forecast period. Furthermore, the segment is expected to portray the fastest CAGR of 3.2% during the forecast period.
Based on mask shop type, the captive segment held the lion's share in 2018, contributing to nearly two-thirds of the global photomask market. The segment would dominate the market throughout the forecast period. Moreover, the segment is expected to manifest the fastest CAGR of 2.9% during the forecast period. This is due to increase in captive suppliers all over the globe.
The global Photomask market across Asia-Pacific dominated in 2018, contributing to nearly three-fifths of the market. Moreover, the region is expected to of 2.8% during the study period. This is due to presence of major semiconductor and display manufacturers in this region. On the other hand, North America held the second largest market share in terms of revenue in 2018.
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