Mask Plate Market Research Outlook: China Flat Panel Display Mask Plate Market Size Expected to Exceed 60% by 2025

The mask plate market has continued to expand in recent years, growing in importance as a key component of industries such as semiconductors and flat panel displays worldwide. According to YH data, the global mask plate market size rebounded to $5.2 billion in 2022, and is expected to reach $5.4 billion in 2023.

In specific application areas, the semiconductor mask plate market size also shows steady growth. the global semiconductor mask plate market size is expected to be $9.528 billion in 2023, of which China's market size is about $1.778 billion, accounting for 18.66 per cent of the global market, showing China's remarkable position and growth potential in this field.

As a core tool in the manufacturing process of products in downstream industries, mask plate carries intellectual property information such as graphic design and process technology, which has a decisive impact on the quality of lithography process. With the popularity of emerging applications such as 5G, IoT and AI, the application scenarios of mask plate products will be further expanded.

As the world's major semiconductor and flat panel display production base, China's mask plate market demand continues to be strong. In recent years, China's mask plate market size has been growing rapidly, with a compound annual growth rate of 14.24% from 2019 to 2022, and the market size is expected to reach USD 14.82 billion in 2023. In the field of flat panel display mask plate, China's market size has surpassed South Korea to become the world's first, and the global share will reach 58% in 2022, and is expected to exceed 60% in 2025.

Mask plate manufacturing technology continues to progress in high precision, high density, high yield, etc. With the improvement of key technologies such as nanotechnology and photolithography, the manufacturing precision and efficiency of mask plates will be further enhanced. China's semiconductor industry has achieved rapid development by virtue of multiple advantages such as market demand, demographic dividend, economic growth and industrial policy, and the upstream semiconductor equipment and material fields are especially supported by the focus of national industrial policy.
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Although the domestic semiconductor mask plate market started late, in recent years, local enterprises such as Longtu Photomask have gradually occupied a certain market share by virtue of their continuously improving mask plate process technology level and customised service capability. With the featured process semiconductor technology update and end market demand growth, semiconductor mask plate demand will continue to be strong, at the same time, the domestic wafer manufacturers to get rid of dependence on foreign suppliers, but also have to seek cooperation with domestic semiconductor mask plate manufacturers.

Looking ahead, the global mask version of the market competition pattern is highly concentrated, but China's mask version of the rapid development of the market, emerging such as the Qingyi photoelectric, Luwei photoelectric and a number of excellent local enterprises, and gradually break the monopoly of foreign enterprises. With the rapid development of the global electronics industry, especially the semiconductor, display panels and other fields of continuous innovation, the demand for mask plate will continue to increase, the precision and quality requirements will be increasingly high.

The future development of the mask plate market is not only dependent on the promotion of technological innovation, but also closely related to the synergistic development of the global electronics industry chain. With the in-depth application of emerging technologies such as 5G, IoT, AI, etc., the demand for electronic products will continue to grow, which in turn will lead to the further expansion of the mask plate market. Especially in the semiconductor and flat panel display fields, the demand for mask plate as a key manufacturing tool will continue to increase with the rapid development of these fields.

At the same time, we also note that the competition in the mask plate market is getting more and more intense, and both domestic and foreign enterprises are increasing their investment in research and development in order to improve the precision and quality of their products to meet the market demand. For Chinese enterprises, this is both a challenge and an opportunity. Through continuous innovation and technological breakthroughs, Chinese mask plate companies are expected to occupy a larger share of the global market.

In addition, the optimisation of the policy environment will also provide strong support for the development of the mask plate market. The Chinese government has been committed to promoting the development of the semiconductor and display industry, and has introduced a series of supportive policies and financial support measures. These policies will not only help enhance the competitiveness of domestic mask plate enterprises, but will also attract more international enterprises to enter the Chinese market, further promoting the prosperous development of the mask plate industry.

In the next few years, we expect that the mask plate market will continue to maintain a rapid growth trend. With the continuous progress of technology and the expansion of application fields, the mask plate market will usher in a broader development prospect. Especially in China, as an important production base for the global electronics industry, the demand for the mask plate market will continue to be strong, providing abundant market opportunities for domestic and foreign companies.

The mask plate market has a broad development prospect and huge market potential. With the continuous progress of technology and the expansion of application fields, the mask plate market will continue to maintain the growth trend, bringing rich opportunities and development space for related enterprises and investors.