This can be accredited to the increasing investments in the construction of new fabrication plants along with the expansion of consumer electronics industries.

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According to the latest report by IMARC Group, titled “Lithography Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global lithography systems market reached a value of more than US$ 8.1 Billion in 2017. Lithography, also known as photolithography or semiconductor lithography, is the process of creating the patterns, shapes, locations and dimensions of numerous components in an integrated circuit (IC). These patterns are drawn on silicon wafers using a light sensitive polymer called photoresist. Since lithography systems provide an optimal image quality at comparatively lower costs, they are widely used for printing on different type of substrates. In the recent years, due to the emergence of advanced products in the consumer electronics market, the demand for lithography systems has been escalating worldwide.

The major growth inducing factor of the global lithography systems market is the rising applications of semiconductor IC in different areas including communication and electronic devices, memory devices, sensor devices, etc. Additionally, a surge in the demand for smart technologies, such as smartphones, smart homes and fitness trackers, requiring integrated circuits made using lithography techniques is fostering the growth of the market. Further, the huge investments made by the manufacturers in research and development activities to introduce cutting-edge technologies and offer a broad range of ultra-high-precision semiconductor photolithography tools with reduced cost per function is anticipated to provide a positive thrust to the market in the upcoming years. Moreover, the constantly rising construction of new semiconductor fabrication plants and renovation of existing facilities will be another factor fuelling the market growth globally. Looking forward, the market value is projected to exceed US$ 10.5 Billion by 2023, expanding at a CAGR of 4.4% during 2018-2023.

Market Summary:

On the basis of technology, the market has been segmented into ArF immersion, KrF, EUV, I-line and ArF dry. Amongst these, ArF immersion dominates the market as it helps in improving critical dimension uniformity of the semiconductor IC.
Based on application, foundry represents the leading segment, holding the largest market share. Foundry is followed by memory and integrated device manufacturers.
On a geographical front, Asia-Pacific is the leading market, accounting for the majority of the global share. Due to the presence of numerous semiconductor IC manufacturers, the demand for lithography systems is witnessing a surge in the region. Other major regions include North America, Europe, Middle East and Africa, and Latin America.
The competitive landscape of the lithography systems market has been examined with the key players being Canon, ASML Holding, Nuflare Technology, Inc., Nikon, MicroTek and Veeco Instruments.

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