Lithography Metrology Equipment Market by End-user and Geography - Forecast and Analysis 2020-2024 The rising demand for miniatured electronic products has led major electronic device manufacturers in the market to focus on the development of smaller products that consume less power without compromising on the performance. This has created the demand for smaller IC chips that deliver better performance and consume lesser power. These factors have increased the use of equipment such as photolithography systems to transfer the IC design from a photomask to a silicon wafer that is smaller in size. Therefore, the rising demand for miniatured electronic products is expected to fuel the growth of the market during the forecast period.