PUBLISHER: Allied Market Research | PRODUCT CODE: 1193396
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193396
The semiconductor stepper systems market size was valued at $18,156.4 million in 2021 and is projected to reach $44,974.5 million by 2031, registering a CAGR of 9.5% from 2022 to 2031. The semiconductor stepper system also referred to as the step-and-repeat exposure system is an indistinguishable part of photolithography equipment that is used for manufacturing semiconductors. The semiconductor stepper system produces highly complex and compact integrated circuits down to the level of a few nanometers.
The electronics industry including the semiconductor industry is witnessing rapid technological developments and growth. This is attributed to the increase in demand for electronic devices such as smartphones, wearables, consumer durables, robots, automated industrial machines, and other smart devices. In addition, the rise in artificial intelligence, internet of things (IoT), and quantum computing is boosting the semiconductor stepper system market growth. Moreover, nations such as U.S., South Korea, China, and India are witnessing an increase in investments in semiconductors manufacturing industries. For instance, in June 2022, the Indian government announced that it will spend $30 billion to restructure its IT industry and build up a semiconductor supply chain. All such factors are fueling the semiconductor stepper system market growth.
Furthermore, the high cost of semiconductor stepper systems is expected to restrain market growth. However, the global semiconductor shortage is encouraging countries across the world to develop their domestic semiconductor industry. This is providing lucrative growth opportunities for the semiconductor stepper systems market.
The semiconductor stepper systems market is segmented on the basis of type, application, business, and region. On the basis of type, the market is bifurcated into extreme ultraviolet (EUV), and deep ultraviolet (DUV). On the basis of business, it is classified into OEM and aftermarket. On the basis of application, the market is categorized into micro-electro-mechanical systems (MEMS), LED devices, and advanced packaging. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch, collaboration, and business expansion to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
Key companies profiled in the semiconductor stepper systems market report include ASML Holdings N.V., Canon Inc., Carl Zeiss AG, JEOL Ltd., Nikon Corporation, Onto Innovation, Inc, S-Cubed, SUSS MicroTec SE, Veeco Instruments Inc., and Vistec Electron Beam GmbH.
Key Benefits For Stakeholders
By Type
By Business
By Application
By Region