South Korea Extreme Ultraviolet (EUV) Lithography Market Size was estimated at 535.71 (USD Million) in 2023.The South Korea Extreme Ultraviolet (EUV) Lithography Market is expected to grow from 656.25(USD Million) in 2024 to 3,275 (USD Million) by 2035. The South Korea Extreme Ultraviolet (EUV) Lithography Market CAGR (growth rate) is expected to be around 15.736% during the forecast period (2025 - 2035).
Rapid improvements in semiconductor technology are driving notable trends in the South Korean Extreme Ultraviolet (EUV) Lithography Market. Major semiconductor firms like Samsung Electronics and SK Hynix are based in South Korea, and the demand for more compact, effective circuits has prompted increasing investment in EUV lithography.
One of the key factors driving the market is the need for increased precision in chip manufacturing to support applications in 5G, the Internet of Things, and artificial intelligence. In addition, the South Korean government has implemented a number of measures to support the country's semiconductor industry, with the goal of guaranteeing a safe supply chain and encouraging innovation in the field.
There are also significant development prospects in the South Korean EUV lithography sector, especially given the rising demand for sophisticated semiconductor manufacturing skills worldwide. In order to improve EUV technology and lower production costs, the government is actively funding research and development initiatives.
Furthermore, cooperation between academia and business can lead to the development of ground-breaking innovations, preserving South Korea's competitive advantage internationally. Trends show that increasing local manufacturing facilities that specialize in EUV equipment and components has been more important in recent years.
This demonstrates South Korea's dedication to spearheading the semiconductor industry and is consistent with national plans to develop strong tech ecosystems. The market's resilience may be further increased by localizing supply chains for EUV lithography components, positioning South Korea as a major hub for the fabrication of advanced semiconductors.
All of these advancements help to create a vibrant market environment in South Korea's EUV lithography industry that is centered on sustainability and innovation.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The South Korea Extreme Ultraviolet (EUV) Lithography Market is significantly driven by rapid advancements in semiconductor manufacturing technology. As the demand for smaller, more powerful chips continues to escalate, companies like Samsung Electronics and SK Hynix are investing heavily in EUV technologies.
Recent reports indicate that South Korean companies accounted for approximately 60% of the global semiconductor market in 2021, with a projected annual growth rate of 9.8% in semiconductor production.
This increasing production capacity necessitates the adoption of EUV lithography systems, which enable higher precision and efficiency in chip fabrication, fostering a robust environment for market growth. The emphasis on Research and Development (R&D) initiatives in the semiconductor sector further fuels this trend, as South Korea aims to solidify its position as a global leader in advanced technologies.
The South Korean government has been actively supporting the semiconductor industry, recognizing it as a critical driver of economic growth. In 2021, the government announced plans to invest 510 billion USD by 2030 to boost the domestic semiconductor industry, which includes significant funding allocated for EUV lithography technologies.
This commitment reflects South Korea's goal to secure a competitive edge in the global market, particularly as international tensions and supply chain disruptions challenge the semiconductor landscape.
As a result, the increased government investment is likely to accelerate the adoption and development of EUV lithography solutions, significantly contributing to the South Korea Extreme Ultraviolet (EUV) Lithography Market.
There is a robust demand for advanced consumer electronics in South Korea, such as smartphones, laptops, and smart devices, which necessitates the continual enhancement of semiconductor capabilities. The Korean Electronics Association reported that South Korea's household penetration rate for smartphones reached 95% in 2022, underscoring the reliance on high-performance chips.
The surge in demand for next-generation devices drives the necessity for advanced lithography techniques, making EUV technology an essential part of semiconductor fabrication processes. Innovations and the push for high-performance products such as 5G-enabled devices further bolster the need for EUV systems, propelling the South Korea Extreme Ultraviolet (EUV) Lithography Market forward.
The Equipment segment of the South Korea Extreme Ultraviolet (EUV) Lithography Market plays a pivotal role in the overall market dynamics, given its significance in the manufacturing processes of advanced microchips.
With increasing digitization and the growing demand for semiconductor devices in various applications such as artificial intelligence, 5G, and IoT, the Equipment segment is experiencing robust growth. The importance of Light sources, specifically, cannot be understated as they are crucial for generating the extreme ultraviolet light necessary for lithography processes.
Additionally, the Source plays a vital role in ensuring the quality and efficiency of manufacturing processes, thereby influencing the final output of semiconductor devices. The Optics component is critical for directing the light precisely onto the semiconductor wafers, ensuring that intricate patterns are transferred accurately.
This accuracy is essential for achieving high-resolution circuit designs that meet the needs of modern electronic devices. Meanwhile, Masks are essential to define the geometric patterns during the lithographic process, allowing for complexity in chip design.
Moreover, the Others category includes various ancillary equipment and components that, while not always highlighted, contribute significantly to the efficiency and productivity of lithography systems.
Overall, the Equipment segment encapsulates diverse technologies and products fundamental to maintaining South Korea's competitive edge in the global semiconductor landscape, driven by the country's commitment to innovation and advancement in semiconductor manufacturing technologies.
The continuous investment and Research and Development in EUV technology underscore the sector's opportunity to further evolve, presenting significant avenues for growth and innovation.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The End-user segment of the South Korea Extreme Ultraviolet (EUV) Lithography Market plays a crucial role in supporting the region's semiconductor manufacturing industry, which has significantly advanced due to the demand for cutting-edge technology.
Integrated Device Manufacturers (IDMs) are pivotal in this landscape, as they manage the entire semiconductor production process from design to fabrication, ensuring superior quality and technology integration. They often invest heavily in EUV technology to enhance their manufacturing capabilities, creating smaller and more powerful chips while reducing production costs.
Foundries, on the other hand, focus on providing chip fabrication services to various clients including fabless semiconductor companies. This segment is important as it enables rapid innovation and flexibility, allowing companies to capitalize on emerging technologies without the need for substantial capital investment in manufacturing facilities.
The dynamic growth of the South Korean electronics market, driven by innovation in consumer electronics and automotive sectors, further accelerates the significance of both IDMs and foundries within the EUV lithography ecosystem, enhancing the overall South Korea Extreme Ultraviolet (EUV) Lithography Market segmentation landscape.
The South Korea Extreme Ultraviolet (EUV) Lithography Market is characterized by intense competition among leading players who are striving to leverage the growing demand for advanced semiconductor manufacturing technologies.
As technology continues to evolve, the adoption of EUV lithography is gaining momentum due to its capability to produce smaller, more efficient chips that can meet the rigorous demands of modern electronics.
This is especially pertinent in South Korea, a global hub for semiconductor production, where companies are increasingly investing in EUV technology to enhance their manufacturing capabilities. Competitive insights within this market reveal a race among organizations to innovate and expand their portfolios, establishing a strong foothold in both domestic and international markets.
The synergy between government initiatives and private sector innovation further fuels competition, driving advancements and ensuring South Korea maintains its leadership in the semiconductor industry.
Teradyne, within the South Korea Extreme Ultraviolet (EUV) Lithography Market, demonstrates significant strengths that bolster its market presence. Known for its cutting-edge test solutions, Teradyne provides sophisticated equipment that enables semiconductor manufacturers to streamline production while ensuring high-quality outputs.
The company thrives on its ability to offer innovative testing solutions that are crucial for EUV lithography processes, which require precision and reliability. Teradyne's strategic partnerships with leading semiconductor manufacturers in South Korea further enhance its capabilities, allowing for customized solutions that meet specific industry needs.
This positioning not only cements Teradyne's reputation as a trusted vendor in the South Korean market but also strengthens its competitive edge against other players in the EUV landscape.
LG Innotek is actively involved in the South Korea Extreme Ultraviolet (EUV) Lithography Market, offering various key products and services that cater to the semiconductor industry's demands. The company specializes in a range of electronic components essential for EUV lithography systems, contributing significantly to its market presence.
With its focus on innovation, LG Innotek emphasizes research and development, enabling it to create high-performance materials and solutions tailored to EUV technology. Its strengths lie in its robust supply chain, quality assurance protocols, and strategic collaborations with semiconductor firms, which enhance its product offerings and strengthen its position in the market.
Furthermore, LG Innotek has pursued strategic mergers and acquisitions to expand its capabilities within this space, enabling it to better serve its clientele in South Korea and broaden its influence in the global semiconductor sector.
The South Korea Extreme Ultraviolet (EUV) Lithography Market has seen significant developments recently. In October 2023, Samsung Electronics announced an increase in its investments in EUV technologies, aiming to bolster its semiconductor production capabilities and meet growing global demand.
Similarly, SK Hynix has ramped up its collaboration with ASML to enhance EUV lithography adoption within its manufacturing processes. Moreover, TSMC disclosed plans in September 2023 to establish a new facility in South Korea focusing on advanced lithography technologies, which is expected to further intensify competition in the region.
Additionally, the market witnessed notable mergers and acquisitions; in July 2023, Canon acquired a leading lithography technology firm, enhancing its EUV capabilities. Furthermore, in June 2023, Applied Materials announced a strategic partnership with GlobalFoundries to co-develop EUV-enabled solutions tailored for the South Korean market.
The growing focus on Research and Development (R&D) and significant financial backing from the South Korean government towards semiconductor innovation underscore the importance of EUV technology in maintaining the competitiveness of the nation’s semiconductor industry.
Over the past few years, initiatives like the establishment of dedicated semiconductor clusters and the infusion of billions in funding have positioned South Korea as a pivotal player in the global EUV market.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 535.71 (USD Million) |
| MARKET SIZE 2024 | 656.25 (USD Million) |
| MARKET SIZE 2035 | 3275.0 (USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 15.736% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Teradyne, LG Innotek, Canon, TSMC, GlobalFoundries, Nikon, LAM Research, Advantest, SK Hynix, Applied Materials, KLA Corporation, ASML, Micron Technology, Samsung Electronics, Intel |
| SEGMENTS COVERED | Equipment, End User |
| KEY MARKET OPPORTUNITIES | Growing semiconductor manufacturing investments, Advancements in chip design technology, Increased demand for smaller nodes, Rising focus on precision lithography, Expansion of AI and IoT applications |
| KEY MARKET DYNAMICS | Technological advancements, Increasing semiconductor demand, Government support initiatives, Competitive landscape, Rising investment in R&D |
| COUNTRIES COVERED | South Korea |
Frequently Asked Questions (FAQ) :
The South Korea Extreme Ultraviolet EUV Lithography Market is projected to be valued at 656.25 million USD in 2024.
By 2035, the market is anticipated to reach a valuation of 3,275.0 million USD.
The market is expected to grow at a CAGR of 15.736% from 2025 to 2035.
Major players in the market include Teradyne, LG Innotek, Canon, TSMC, and Samsung Electronics.
The 'Source' equipment segment is projected to reach a market value of 870.0 million USD in 2035.
The 'Light' equipment segment is expected to be valued at 130.0 million USD in 2024.
The 'Mask' equipment segment is anticipated to grow to 460.0 million USD by 2035.
In 2035, the 'Optics' equipment segment is expected to be valued at 580.0 million USD.
The market growth is driven by various segments, including 'Light', 'Source', 'Optics', 'Mask', and 'Others', reflecting diverse opportunities.
The 'Others' equipment segment is valued at 131.25 million USD in 2024.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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