Lithography Systems Market Trends

Growth Drivers

• Increasing Investments In Fab And Chip Manufacturing Plants - It was observed that, an investment in fabrication manufacturing plants of approximately USD 648 million was made to reopen a facility in Tokyo, Japan. Several semiconductor manufacturers are making huge investments to build new fabrication facilities and expand existing fabrication facilities to meet the growing demand from end-users for semiconductors. In Addition, owing to the construction of large semiconductor fabs, the demand for lithography systems is expected to increase considerably. Therefore, the lithography systems market is expected to grow significantly over the forecast period.
• Growing Automotive Industry Worldwide- For instance, the Indian automotive industry is expected to generate 200 billion dollars by 2031, making it the world's third largest industry. There has been a significant increase in the demand for semiconductor chips in the automobile industry as a result of the rising popularity of autonomous technology. 
• Rising Spending By Consumers On Electronic Devices Worldwide- It is estimated that approximately USD 500 billion is expected to be spent on electronics by consumers worldwide in 2022. Owing to the increasing use of circuits in consumer electronics, and sensors, lithography systems are in high demand around the world, as a result of which, there has been an increase in demand for lithography systems.

• Increasing Expenditure On Research And Development Activities- As of 2020, the World Bank calculates that global research and development expenditures accounted for 2.63% of the total Gross Domestic Product (GDP). As compared to last year, this represents a significant increase of 2.2%.
• Introduction Of Innovative Technologies By Key Manufacturers- As of March 2019, a third-generation 10-nanometer-class (1z-nm) DDR4 memory module with an eight gigabit (1GB) capacity has been created and is made using a 10-nanometer technology.

Challenges

• Technical Challenges Faced During Production Process
• Complex Process Involved In Developing EUV Lithography Systems That Are Used For Making Modern Microcircuitry
• High Cost Associated With Microprocessors