As of 2024, most of the sales revenue of ASML was generated in Asia with **** billion euros generated in China and a further *** billion euros generated in South Korea. The company had a sales revenue of *** billion euros in the United States, while revenues in Taiwan amounted to nearly *** billion euros. ASML's business activity The total net revenue of ASML has grown annually. In 2024, the company's revenue has risen to approximately **** billion euros of revenue. Headquartered in Veldhoven, the company is the largest supplier of photolithography systems for the semiconductor industry worldwide. The company is a leading provider of machines involved in the production of advanced chip technology. Dutch chip design and architecture companies With regards to chip design and architecture, the Netherlands is home to several innovative businesses, including the multinational semiconductor manufacturer NXP Semiconductors. In terms of segments, the company is strong in automotive and IoT applications, as well having strengths within the communication infrastructure and mobile markets, being the co-inventor of near-field communication (NFC) technology along with Sony.

In 2024, ASML generated revenue of 28.26 billion euros, an increase compared to the previous year and the highest revenue reached. ASML is a Dutch international company and globally the largest supplier for photolithography systems for the semiconductor industry. Looking at the operating income of ASML, this amounted to approximately nine billion euros in 2024.

Of the 21.79 billion euros in system sales in 2024, over seven billion euros came from NXE systems, including extreme ultraviolet (EUV) lithography machines. ASML is the leading manufacturer of EUV equipment, which is an advanced technology with the capability of developing ever more powerful chips. Advanced chipmakers rely on ASML As an important member of the global chip industry, Netherlands-based ASML is the largest European semiconductor company in terms of market capitalization. ASML offers a wide portfolio of semiconductor manufacturing equipment and services, used by a variety of firms in the production of advanced chips. ASML’s solutions are used by the likes of Taiwan Semiconductor Manufacturing Company (TSMC) – the world’s largest semiconductor foundry. Where do ASML’s machines fit in the production process? The semiconductor industry can be categorized into three distinct stages: design, fabrication, and assembly. The production or fabrication of semiconductors is completed either by integrated device manufacturers such as Intel or Samsung, or outsourced to a foundry company. A foundry is a company that manufactures chips in a fabrication plant. Such firms rely on semiconductor manufacturing equipment – like those supplied by ASML – and materials to fabricate a chip design on a silicon wafer.

In 2024, ASML's revenue reached a value of **** billion euros, with sales of **** billion euros in the logic market alone. ASML's total revenue grew in 2024, although the logic segment did experience a fall as compared to the previous year.

As of 2024 company data, ASML posted a net income of 7.57 billion euros, a decrease from the 7.84 billion euros seen in 2023. The company generated a total net income of 28.26 billion euros in 2024.ASML is a listed Dutch company and the largest supplier of photolithography systems for the semiconductor industry. To explain it more thoroughly, the company is a manufacturer for machines that produces integrated circuits, providing chipmakers with hardware, software and services. With factories in the United States, Europe, and Asia, they are a worldwide operating company. Their number of employees increased year-by-year and as of 2022, ASML reached over 40,000 employees worldwide. Examining the numbers of employees distributed by region, most of ASML employees in 2023 worked in Europe with over 23,000 employed individuals. The company had 9,000 and 8,200 employees in Asia and the United States, respectively. Financial performances of ASMLASML’s revenue has increased over the years. In 2023, the company's revenue amounted to approximately 27.56 billion euros. Positive results have been observed for ASML's system sales. In 2023, ASML sold their systems to customers manufacturing logic chips for a total of 15.98 billion euros. Customers who are concerned with memory chips bought the systems of ASML for a total of approximately 5.95 billion euros. Importance of Asian marketOf the total sales revenue of ASML, the largest part was generated from the Asian market. Approximately 8.07 billion euros was generated in Taiwan alone, with a further 7.25 billion euros generated in China. Comparatively, ASML generated 3.15 billion euros in the United States, whilst revenues from Europe, the Middle East, and Africa amounted to around 1.21 billion euros.

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EUV Lithography Market Size 2024-2028

The EUV lithography market size is forecast to increase by USD 14.24 billion at a CAGR of 18.9% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for advanced semiconductors in various industries, particularly in the development of microchips for leading-edge nodes. The implementation of EUV lithography systems, which utilize optics and advanced technology, is essential for producing smaller and more complex microchips. This trend is driven by the growing need for miniaturized electronic devices in sectors such as autonomous vehicles and telecom services. Moreover, research and development in the field of lithography systems is ongoing to reduce the high implementation cost and improve efficiency. The monopoly of ASML in the market is a significant challenge, as it limits competition and increases prices. However, advancements in technology and potential new entrants may disrupt this trend. In summary, the market is witnessing growth due to the increasing demand for miniaturized electronic devices, ongoing research and development, and the challenges posed by market dynamics.

What will the size of the market be during the forecast period?

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The market is witnessing significant growth due to the increasing demand for next-generation semiconductors. The semiconductor industry is undergoing a digital transformation, with a focus on high-performance computing (HPC), electric vehicles, and data centers. The adoption of EUV technology is essential to overcome the limitations of Moore's Law, which has governed the semiconductor industry for decades. EUV lithography enables the production of smaller, more efficient chips, which is crucial for the development of next-generation computing and advanced memory technologies. Technology advancements in the semiconductor ecosystem, including nanotechnology, photonics, and silicon photonics, are driving the need for EUV lithography. These technologies require smaller features and higher precision, which can only be achieved through EUV lithography. Moreover, the semiconductor industry is investing heavily in innovation to meet the demands of the digital age. Semiconductor equipment manufacturers are developing advanced packaging solutions, such as 3D chip stacking and heterogeneous integration, to enhance chip performance and memory efficiency.



Furthermore, the semiconductor industry is also exploring the potential of EUV lithography in the development of AI hardware, quantum computing, and advanced memory technologies. These technologies are expected to revolutionize various industries, from autonomous vehicles to healthcare, and EUV lithography is a critical enabler. The market is also influenced by the silicon wafer supply chain. The availability and cost of silicon wafers impact the production costs of semiconductors, making it essential to maintain a stable and efficient wafer fabrication process. In conclusion, the market is a critical component of the semiconductor industry's digital transformation. It enables the production of smaller, more efficient chips, which is essential for the development of next-generation computing, advanced memory technologies, and various other applications. The market's growth is driven by technology advancements, semiconductor investment, and the increasing demand for high-performance computing, data centers, and electric vehicles.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Foundry
  IDM


Geography

  APAC

    China
    Japan
    South Korea


  North America

    US


  Europe



  South America



  Middle East and Africa

By End-user Insights

The foundry segment is estimated to witness significant growth during the forecast period.

The market continues to expand, particularly in the business-to-business sector. This segment caters to corporations and organizations, supplying desktops, laptops, and workstations for professional applications. The business-to-business market thrives due to the escalating requirement for digitalization, work-from-home policies, and automation in diverse industries. Factors propelling this expansion include the escalating demand for dependable computing devices that foster collaboration, video conferencing, and streamlined workflows as businesses adjust to remote work setups. The market is categorized into several product classes, with laptops holding approximately 30% of the market share in 2023.

Furthermore, the market's growth is further fueled by the increasing internet penetration and the rise in e-commerce, digital conten

Snapshot img { margin: 10px !important; } The infographic below contains key findings from our analysis of the semiconductor photolithography equipment market

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Overview of the global semiconductor photolithography equipment market

According to Technavio’s market research report, the global semiconductor photolithography equipment market will grow at a steady rate and post a CAGR of more than 9% during the forecast period. The emergence of advanced consumer products in the consumer electronics market will drive the growth prospects for the global semiconductor photolithography equipment market during the estimated period. The transition of electronic goods from fully automated systems towards the emergence of a smart home that interconnects all the household devices to create a single controlling unit will result in the high adoption of ICs and photolithography technique. Manufacturers are encouraged to introduce better consumer products with improved functionalities due to the growing consumer demand for better electronics. Smart wearables also are known as the wearable technology that includes smartwatches, fitness trackers, and smart fabrics and requires ICs using the photolithography technique.

In terms of geography, APAC accounted for the highest semiconductor photolithography market shares during 2016 and will continue to dominate the market during the next four years. The coming years will experience a high demand for photolithography equipment in APAC due to the presence of major companies such as TSMC, Semiconductor Manufacturing International, and United Microelectronics. Countries such as Taiwan, Japan, and South Korea are some of the key contributors to the growth of the market in this region.

Competitive landscape and key vendors

The semiconductor photolithography equipment market is highly consolidated and competitive due to the presence of prominent vendors. These vendors are increasingly focusing on maintaining a rich product portfolio and are investing in R&D activities in lithography to attain a dominant position in the market. Also, vendors such as Tokyo Electron, Applied Materials, and Canon use advanced lithography technologies to offer a broad range of ultra-high-precision semiconductor photolithography tools. Companies such as ASML are focusing on expanding their business by adopting aggressive acquisitions. Since the market highly relies on technological advancements, several vendors are making huge investments in research and developmental activities.

Key vendors in this market are -

Applied Materials
ASML
Canon
Tokyo Electron

Other prominent vendors in the market include JEOL, Nikon, NuFlare Technology, SUSS MicroTec, Ultratech, and Vistec Electron Beam.

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Segmentation by application and analysis of the semiconductor photolithography equipment market

MEMS devices
Advanced packaging
LEDs devices

The semiconductor photolithography equipment market for micro-electro-mechanical system (MEMS) accounted for the maximum shares during 2016 and the segment will continue to dominate the market during the next four years as well. According to this semiconductor photolithography equipment market analysis, the segment is also known as miniaturized mechanical and electro-mechanical elements in its most general form and is made using microfabrication. ASML and SUSS MicroTec are some of the major players in the MEMS segment.

Segmentation by light source and analysis of the semiconductor photolithography equipment market

Mercury lamp
Excimer laser
Fluorine laser

The excimer laser segment contributed the highest to the semiconductor photolithography equipment market share during 2016 and its dominance will continue throughout the estimated period. The high-resolution photolithography machines extensively use excimer lasers to manufacture the microelectronic chip. The increasing application of deep UV light from KrF and ArF excimer lasers using photolithography tools will drive the preference for excimer laser in the photolithography semiconductor equipment market.

Key questions answered in the report include

What will the semiconductor photolithography equipment market size and the growth rate be in 2021?
What are the key factors driving the global semiconductor photolithography equipment market?
What are the key semiconductor photolithography equipment market trends impacting the growth of the market?
What are the challenges to market growth?
Who are the key vendors in the global semiconduc

The KrF excimer laser market is experiencing robust growth, driven by increasing demand across diverse applications. While precise market size figures for 2025 aren't provided, considering the typical market size of related laser technologies and a plausible CAGR (let's assume a conservative 8% for illustrative purposes), a reasonable estimate for the 2025 market size could be around $500 million. This substantial value is projected to reach approximately $900 million by 2033, reflecting a healthy CAGR. Key growth drivers include the expanding semiconductor industry, particularly in advanced lithography for microchip manufacturing, where KrF lasers remain crucial despite the emergence of newer technologies. Furthermore, applications in spectroscopy, metrology, and industrial processing are contributing to market expansion. The segment breakdown reveals significant contributions from both large-size and compact KrF lasers across various industries. While competition is fierce among major players like Coherent, ASML (Cymer), and Gigaphoton, innovation in laser efficiency, beam quality, and cost-effectiveness continues to shape the market landscape. The market's growth, however, is not without challenges. Technological advancements leading to the adoption of alternative laser technologies pose a significant restraint. Furthermore, the capital-intensive nature of KrF laser systems and their associated maintenance costs can limit adoption, particularly in smaller businesses. Regional growth patterns will likely reflect the distribution of semiconductor manufacturing facilities and other key applications. North America and Asia Pacific, especially regions like China and South Korea, will probably continue to dominate, followed by Europe. The ongoing development of more efficient and cost-effective KrF lasers coupled with strategic partnerships and technological advancements will be crucial to overcoming market restraints and sustaining this healthy growth trajectory.

Concentration statistics summarize the size distribution of units within an industry. Numerous measures have been used for various purposes. These tables present data for the two most common: concentration ratios (CR) and Herfindahl indexes (HI). The CR and HI emphasize different aspects of the size distribution. The CR measures the importance of the largest enterprises directly while the Herfindahl index takes the entire size distribution of enterprises into account. These statistics are classified by North American Industry Classification System (NAICS) and the Standard Geographical Classification (SGC). The Annual Survey of Manufactures and Logging collects information on over 250 different industries. Beginning in 2004, the Annual Survey of Manufactures and Logging (ASML) replaces the Annual Survey of Manufactures and the Annual Survey of Forestry. While the ASML covers the same target population as its predecessors, this new survey ushers in a number of conceptual and methodological changes intended to reduce response burden, enhance data quality and streamline survey operations. Two changes have the greatest impact on the comparability of the principal statistics series for manufacturing (published in CANSIM tables 301-0003 and 301-0006) used to compile this product: some redefinition of the survey content and a change in the coverage for published statistics. Beginning with reference year 2004, the principal statistics published for manufacturing cover the activities of all businesses classified as manufacturers in Canada. These data series are not strictly comparable with manufacturing principal statistics previously published which covered the activities of businesses with annual sales greater than or equal to $30,000. This dataset contains 6 separate tables, one for each year.

Applied Materials, a leading provider of semiconductor manufacturing equipment, has seen significant growth in revenue across various regions. China emerged as the company's largest market, with revenue reaching ***** billion U.S. dollars in 2024. This growth reflects the increasing demand for semiconductor technology and Applied Materials' strong position in the global market. Leadership in the market Applied Materials' success is evident in its overall financial performance, with the company generating **** billion U.S. dollars in revenue in 2023. As a leader in materials engineering solutions for the semiconductor industry, Applied Materials serves major customers such as Taiwan Semiconductor Manufacturing Company (TSMC), Intel, and Samsung. Competition for customers and innovation Another notable name in the semiconductor equipment market is ASML. The Dutch company also counts TSMC, Intel, and Samsung as its key clients and is famed for being a leading manufacturer of extreme ultraviolet (EUV) equipment. These advanced manufacturing machines enable the production of smaller, more powerful chips that are demanded across multiple industries.