Lithography Systems Market Share

Regionally, the global lithography systems market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2037 owing to the rapid expansion of the semiconductor sector in the region. According to estimates, the semiconductor industry in India accounted for nearly USD 26 billion in the year 2021 and is projected to increase at a CAGR of 15% by 2026 and reach USD 63 billion. Moreover, the presence of a huge number of semiconductor fabrication plants, R&D activities focused on advancement in wireless technologies, rising automation in various industries, along with huge investments in IoT and human-machine interface technologies in the region is anticipated to drive lithography systems market growth in the region over the forecast period.