Photomask Market Size Worth US$ 5.9 Billion By 2027 | CAGR 4.5%: The Insight Partners

Photomask Market Size Worth US$ 5.9 Billion By 2027 | CAGR 4.5%: The Insight Partners

“The Insight Partners”
Growth of Manufacturing Sector Using Semiconductor Devices in Asia Pacific

According to The Insight Partners study on “Photomask Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, and End-User Vertical,” the market is projected to reach US$ 4.0 billion in 2018 and is projected to reach US$ 5.9 billion by 2027; it is expected to grow at a CAGR of 4.5% during 2019-2027.

Strategic Insights        

Report Coverage


Market Size Value in

 US$ 4.0 Billion in 2018

Market Size Value by

 US$ 5.9 Billion by 2027

Growth rate

 CAGR of 4.5% from 2019-2027

Forecast Period


Base Year


No. of Pages


No. Tables


No. of Charts & Figures


Historical data available


Segments covered

 Type; Application; End-User Vertical

Regional scope

 North America; Europe; Asia Pacific; Latin America; MEA

Country scope

 US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

 Revenue forecast, company ranking, competitive landscape, growth factors, and trends


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The global Photomask market by application is fragmented into semiconductor & IC, discrete, optoelectronics, display devices, MEMS, and others. Photomasks find their largest application in the manufacture of semiconductors. A set of photomasks is required to produce a complete semiconductor material. The photomask is protected by a foil, which is called pellicle to avoid any contamination to the chipboard. The image carved on the photomask is then imprinted on the chipboard by laser lithography or e-beam lithography. While using a photomask for lithography, the equipment has to fulfill certain specifications that include line width uniformity, accuracy, pattern position, and minimum feature size. Photomask prototyping is used for high volume production of semiconductor devices.

Thus, with the prominent growth in the sales of semiconductor devices, the demand for a new set of photomasks is also set to increase. Advancement in processor technology by Qualcomm, Intel, AMD, and Nvidia is posing a good growth opportunity for the photomask market. Availability of advanced technology for semiconductor packaging such as 3D packaging to shrink the size of semiconductor devices is set to multiply the demand for new photomask sets for the fabrication of these chips. Additionally, the implementation of IoT (Internet of Things) is further going to increase the penetration of semiconductors and IC in day to day things. Thus, the market for photomask possesses a huge growth opportunity for the photomask market during the forecasted period from 2019 – 2027.

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments.  The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Photomask Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

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Growth of Manufacturing Sector Using Semiconductor Devices in Asia Pacific

Abundant manpower resource and natural resources make Asia Pacific as one of the most ideal places for setting up manufacturing plants. Being a region dominated by developing countries, technological advancements in Asia Pacific are gradually taking pace with the help of western influence. As a result, the manufacturing plants are seeking for a paradigm shift from traditional methods of operations to achieve better cost and operational efficiencies. The manufacturing sector for consumer electronics, automobiles, textiles, consumer goods etc. are the largest contributors towards the flourish of the sector.

Photomask Market: Type

Based on type, the photomask market is segmented into reticle, master mask and copy mask. Different type of photomasks plays a major role in providing assistance for the production ICs and other semiconductor chips. Also, for the mass production of TFT array and color filter of TFT-LCD panels, the photolithography technology transfer photomask graphics onto the base material of the LCD panels.

Photomask Market: Competitive Landscape and Key Developments

Nippon Filcon Co Ltd., Taiwan Mask Corporation, Hoya Group, Photronics Inc., Toppan photomasks, Dai Nippon Printing Co. Ltd., Advance Reproductions, SK-Electronics, Compugraphics, and LG Innotek are among the key players in the global Photomask market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.

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  • 2019: Photronics, Inc. opened two new manufacturing facilities for IC and FPD in China. The company invested around US$ 320 Mn to establish these facilities. These facilities are dedicated to R&D, manufacturing, and sale of photomasks in China.
  • 2018: Toppan Photomasks made an additional investment at its existing Toppan Photomasks Company Limited, Shanghai facility for the mass production of advanced photomasks.
  • 2017: DNP along with Photronics, Inc. formed a Joint Venture to serve China’s semiconductor manufacturers. According to the agreement, DNP’s subsidiary will acquire 49.99% of the company’s wholly-owned subsidiary in China to form Photronics DNP Mask Corporation Xiamen (PDMCX). Photronics will maintain 50.01% of the ownership of the new company.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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