企业竞争图谱：2024年半导体掩膜版 头豹词条报告系列

Investment Rating - The report does not provide a specific investment rating for the semiconductor mask industry Core Insights - The semiconductor mask industry is experiencing continuous market growth driven by technological advancements, increasing demand, and policy support. The introduction of third-generation semiconductor materials like silicon carbide and gallium nitride is propelling industry development, although there is a reliance on imported raw materials and equipment. The industry has high technical barriers and is characterized by a high degree of internationalization, with companies actively exploring international markets. The market briefly faced disruptions due to the pandemic but has since recovered, and future growth is expected to be supported by policy initiatives and domestic substitution efforts, enhancing China's competitiveness in the global semiconductor supply chain [3][4][7][19]. Summary by Sections Industry Definition - Common semiconductor materials include silicon, germanium, and compound semiconductors like gallium arsenide, silicon carbide, and gallium nitride. Masks play a crucial role in microelectronics production, primarily used for high-end semiconductor devices such as integrated circuits and MEMS. They serve as templates for transferring circuit patterns onto substrates or wafers through exposure technology [4][5]. Industry Characteristics - The semiconductor mask industry features high technical barriers, reliance on imported raw materials and equipment, and a high degree of internationalization [7][10][19]. Development History - The semiconductor mask industry has evolved through several stages, from simple metal masks to advanced EUV masks, reflecting a continuous pursuit of precision, cleanliness, and material science [12][17]. Industry Scale - From 2018 to 2023, the market size of the semiconductor mask industry grew from $1.016 billion to $3.642 billion, with a compound annual growth rate (CAGR) of 29.10%. It is projected to reach $6.165 billion by 2028, with a CAGR of 11.10% [37][39]. Policy Analysis - Government policies are increasingly supporting the semiconductor industry, emphasizing innovation, R&D funding, and tax incentives. These measures aim to enhance domestic capabilities and reduce reliance on imports, thereby strengthening China's position in the global semiconductor supply chain [44][48][56].