Growing automation in semiconductor and electronics industry along with the technological advancements in semiconductor industry are the key factors driving the growth of Photomask market. Photomask market is one of the significantly increasing market because of development of chips with high circuit density,

Albany, NY -- (SBWire) -- 03/21/2018 --Growing automation in semiconductor and electronics industry along with the technological advancements in semiconductor industry are the key factors driving the growth of Photomask market. Photomask market is one of the significantly increasing market because of development of chips with high circuit density, the density of the chips refers to the number of transistors built into a single chip. These factors have led to rapid proliferation of Photomask across the globe. In addition, the Global demand from various industry verticals will fuel the growth of the Photomask market. Replacement cycle of electronic gadgets with technological advances across the globe is resulting in the quantitative increase in demand of Photomask. Photomask are being actively used across the globe.

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Photomask is a process of using lithography techniques to transfer circuits and display patterns onto semiconductors, displays, or microelectromechanical systems. In addition Semiconductor & IC application is expected to continue dominance on growth of the Global Photomask market. Currently, almost 30% of the photomask are used by semiconductor & IC manufacturing companies.

Photomask market: Drivers and Challenges

The major growth drivers of the Photomask market include increasing demand for high density chip, the increasing need and demand for System-on-chip (SoC), a chip that holds all of the necessary hardware and electronic circuitry for a complete system. In addition, Growth of global Flat panel display (FPD) market will drive the growth of Photomask market, due to increasing companies' usage of operational amplifiers in flat panel display. Increasing importance of captive mask shops has led to growth of the Photomask across the globe.

Major challenges of Photomask market are technological sophistication, the continuous shrinking geometries of semiconductor ICs, worldwide financial uncertainty and macroeconomic situations such as currency exchange rates and economic difficulties are some of the major factors which are hindering the growth of Photomask Market.

Global Photomask Market can be segmented as:,,Segmentation on the basis of By Type: ,,Photomask market segmented on the basis of type of Photomasks are used in market.,, Reticle, Working Mask, Master Mask, Copy Mask,,Segmentation on the basis of Application:,,Further Photomask market segmented on the basis of Application. Now days, Photomask are used in these areas.,, Semiconductor & IC, Discrete, Optoelectronics, Display Devices, Others,,Segmentation on the basis of Equipment:,,On the basis of equipment Photomask market can be segmented as,, Photomasking equipment, inspection equipment

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Key Contracts in Photomask market are as:

In May 2017, Dai Nippon Printing Co., Ltd. (DNP), Japan based Photomask manufacturer entered into partnership with Photronics Inc., an American semiconductor photomask manufacturer, to establish a semiconductor photomask manufacturing and sales joint venture (JV) in China

Key Players

Some of the major players in Global Photomask Market are Dai Nippon Printing Co., Ltd. (DNP), Toppan Photomasks, Photronics, Compugraphics Photomask Solutions, HOYA Group, SK Electronics, Taiwan Mask, Nippon Filcon, HTA Photomask, PKL, Plasma Therm, and Mycronic, KLA-Tencor, Lasertec Corporation and LG Innotek Co., Ltd.