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2022

Semiconductor Stepper Systems Market

Semiconductor Stepper Systems Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Business, by Application : Global Opportunity Analysis and Industry Forecast, 2022-2031

CM : Engineering, Equipment and Machinery

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Author's: Amar Chinchane | Sonia Mutreja
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Semiconductor Stepper Systems Market Research: 2031

The Global Semiconductor Stepper Systems Market Size was valued at $18.2 billion in 2021, and is projected to reach $45 billion by 2031, growing at a CAGR of 9.5% from 2022 to 2031. Semiconductor stepper systems produce integrated circuits (ICs) by projecting light and passing it through a photomask imprinted with an inverted design of the integrated circuit onto a silicon wafer. Semiconductor stepper systems are vastly used for the manufacturing of micro-electro-mechanical systems (MEMS), and LED devices, and also for advanced packaging of semiconductor components in a chip.

Semiconductor Stepper Systems Market

Market Dynamis

Semiconductors also referred to as integrated circuits (ICs), are made from silicon, germanium, or compounds such as gallium arsenide. The semiconductors are the brain of modern electronics which are incorporated in a vast number of products from across the industries such as automotive, medical, robotics, communication, consumer electronics, and smart devices including laptops, mobiles, and others. For instance, in 2020, the Ministry of Electronics & Information Technology of India stated that the electronics manufacturing industry in India will grow from $75 billion in 2020-21 to $300 billion by 2025-26.

In addition to that, all industries are adopting automation into their production processes to increase production and decrease the cost incurred. Therefore, the rise in these industries is expected to drive demand for semiconductors; thereby, propelling the growth of the semiconductor stepper systems market.

Moreover, in order to reduce dependency on other countries for semiconductors, governments across the world are investing heavily in the development of their own domestic semiconductor industry. In addition, governments in many countries are also funding for the development of artificial intelligence (AI), quantum computers, the internet of things (IoT), and others. For instance, the U.S. has allocated a fund of $1.2 billion to public and private entities for the development of quantum computers. Such factors are expected to drive extensive demand for semiconductors; thereby, positively influencing the semiconductor stepper systems market.

Semiconductor Stepper Systems Market
By Business
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In terms of revenue, the OEM segment was the largest segment in 2021.

In addition, major businesses in the semiconductor stepper systems market offer a wide range of products, to meet the customers’ needs. They constantly innovate their offerings and expand their business by employing development strategies such as business expansion, product launch, and collaboration. For instance, in July 2020, Cannon Inc. launched a semiconductor lithography system ‘FPA-8000iW’. This system is primarily developed to meet the needs of manufacturers aiming for high production efficiency through the use of 515 x 510 mm organic panel substrates for Panel Level Packaging (PLP) applications. Moreover, other businesses in this market are expanding their global reach to gain a larger share of the market.

The novel coronavirus had rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and later became a significant threat to global trade, economy, and finance. The COVID-19 pandemic had halted the production of many components in the semiconductor stepper systems market due to the lockdown, resulting in a global semiconductor shortage. The economic slowdown initially resulted in reduced spending on semiconductor stepper systems equipment by their end-users.

However, owing to the introduction of various vaccines, the severity of the COVID-19 pandemic has significantly reduced. This has led to the full-fledged reopening of businesses in the semiconductor stepper systems market at their full-scale capacities. Furthermore, it has been more than two years since the outbreak of this pandemic, and many companies have already shown notable signs of recovery.

Furthermore, the gradual increasing adoption of AI-enabled chips connected devices across the globe is anticipated to positively affect the semiconductor stepper systems market growth; and thereby, provide growth opportunities.

Semiconductor Stepper Systems Market
By Type
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In terms of revenue, the Deep ultraviolet (DUV) was largest segment in 2021.

On The Basis Of Type,

The market is categorized into extreme ultraviolet (EUV), and deep ultraviolet (DUV). Out of these, the deep ultraviolet (DUV) segment accounted for the highest market share in 2021, owing to its relatively cheaper price, and vast usability.  

Semiconductor Stepper Systems Market
By Application
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Advanced Packaging segment is projected to grow at a highest CAGR

On the basis of Application,

The market is categorized into micro-electro-mechanical systems (MEMS), LED devices, and advanced packaging. The micro-electro-mechanical system (MEMS) segment under the application registered a higher revenue in 2021, owing to its wide-scale adoption 

The semiconductor stepper systems market is segmented on the basis of type, application, business, and region. By type, the market is bifurcated into extreme ultraviolet (EUV), and deep ultraviolet (DUV). On the basis of the business, it is bifurcated into OEM, and aftermarket. On the basis of application, the market is categorized into micro-electro-mechanical systems (MEMS), LED devices, and advanced packaging.

Semiconductor Stepper Systems Market
By Region
2031
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2021 and is expected to grow at a significant rate during the forecast period.

Region Wise,

The semiconductor stepper systems market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market in 2021, accounting for the highest share, and the same is anticipated to grow at a higher CAGR throughout the forecast period, attributed to the rapid economic growth of the region.

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

  • The report provides an extensive analysis of the current and emerging semiconductor stepper systems market trends and dynamics. 
  • In-depth semiconductor stepper systems market analysis is conducted by constructing market estimations for key market segments between 2022 and 2031.
  • Extensive analysis of the semiconductor stepper systems market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing semiconductor stepper systems market opportunities.
  • The global semiconductor stepper systems market forecast analysis from 2022 to 2031 is included in the report.
  • The key players within the semiconductor stepper systems market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the semiconductor stepper systems industry.

Semiconductor Stepper Systems Market Report Highlights

Aspects Details
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Market Size By 2031

USD 45 billion

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Growth Rate

CAGR of 9.5%

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Forecast period

2021 - 2031

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Report Pages

263

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By Type
  • Extreme ultraviolet (EUV)
  • Deep ultraviolet (DUV)
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By Business
  • OEM
  • Aftermarket
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By Application
  • Advanced Packaging
  • Micro-Electro-Mechanical System (MEMS)
  • LED Devices
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

SUSS MicroTec SE, Onto Innovation, Inc, Vistec Electron Beam GmbH, Canon Inc., S-Cubed, JEOL Ltd., Veeco Instruments Inc., Carl Zeiss AG, Nikon Corporation, ASML Holdings N.V.

Analyst Review

Most of the products these days; be it a toy or industrial machinery involve some level of electronics for functioning. Increasing adoption of automation, electronic devices, smart home systems, and AI-enabled devices is fueling the demand for semiconductors, as they function as the brain of electronic devices. Such deep integration of semiconductors in other industrial products makes the semiconductor industry a highly strategically important industry for any country. This became even more apparent when the global shortage of semiconductors LED to various problems in other industries including electronics, automotive, and others. Therefore, countries across the world are investing heavily in the development of their own semiconductor industry, in order to achieve semiconductor security within their country. In addition, the U.S. has banned ASML a major player in the business of producing machinery responsible for manufacturing semiconductors, from exporting EUV lithography to China.

Therefore, the semiconductor stepper systems market is witnessing significant growth, owing to the growth of all industrial sectors that incorporate electronic components into their products such as consumer durables, lighting systems, robotics, automotive, automation, IoT, and other sectors.

Author Name(s) : Amar Chinchane | Sonia Mutreja
Frequently Asked Questions?

Rapid technological developments and growing demand for electronic devices are the upcoming trends in the Semiconductor Stepper Systems Market in the world

Micro-Electro-Mechanical System (MEMS) is the leading application of Semiconductor Stepper Systems Market

By type, Deep Ultraviolet (DUV) segment holds the maximum market share of the semiconductor stepper systems market in 2021

The semiconductor stepper systems market size was valued at $18,156.4 million in 2021

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.

The semiconductor stepper systems market size is projected to reach $44,974.5 million by 2031

The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

Asia-Pacific holds the maximum market share of the semiconductor stepper systems market in 2021

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Semiconductor Stepper Systems Market

Global Opportunity Analysis and Industry Forecast, 2022-2031