Magnetron Sputtering Target Market Trends and Forecast
The future of the global magnetron sputtering target market looks promising with opportunities in the electronic, automobile, and machinery markets. The global magnetron sputtering target market is expected to grow with a CAGR of 2.6% from 2024 to 2030. The major drivers for this market are increasing demand in electronics industry, government initiatives supporting green technologies, and growing use of magnetron sputtering targets for high-performance coatings in automotive, aerospace, and optical industries.
• Lucintel forecasts that DC magnetron sputtering is expected to witness the highest growth over the forecast period.
• Within this market, electronic is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Magnetron Sputtering Target Market
• United States - Applied Materials, a leading company in semiconductor manufacturing equipment, recently introduced advanced magnetron sputtering targets tailored for semiconductor and display coatings. This initiative aims to enhance efficiency and precision in thin film deposition processes, catering to the evolving needs of the electronics industry.
• China - Beijing Guanli, a prominent manufacturer, has expanded its production capacity of magnetron sputtering targets to meet the growing demand in electronic and automotive applications. This expansion is part of ChinaÄX%$%Xs broader strategy to strengthen domestic manufacturing capabilities and achieve self-sufficiency in critical materials like magnetron sputtering targets.
• Germany - The Heraeus Group in Germany has developed innovative magnetron sputtering targets specifically designed for renewable energy applications, reflecting the countryÄX%$%Xs leadership in sustainable technology development.
• Japan - ULVAC, Inc., a leading provider of vacuum technologies and equipment, has launched new magnetron sputtering targets optimized for precision optics and semiconductor devices in Japan. This development underscores JapanÄX%$%Xs ongoing efforts to maintain leadership in high-precision manufacturing and semiconductor technology.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Magnetron Sputtering Target Market by Segment
The study includes a forecast for the global magnetron sputtering target market by type, application, and region.
Magnetron Sputtering Target Market by Type [Value from 2018 to 2030]:
• DC Magnetron Sputtering
• RF Magnetron Sputtering
Magnetron Sputtering Target Market by Application [Value from 2018 to 2030]:
• Electronics
• Automobile
• Machinery
• Others
Magnetron Sputtering Target Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Magnetron Sputtering Target Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies magnetron sputtering target companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the magnetron sputtering target companies profiled in this report include-
• EVOCHEM Advanced Materials
• Angstrom Sciences
• FHR Anlagenbau
• H. C. Starck
• Matsurf Technologies
• Korvus Technology
• Aja International
• MTI Corporation
• Taicang Xinchang Optoelectronic Material
• Able Target Limited
Recent Development in the Magnetron Sputtering Target Market
• Praxair Surface Technologies : Praxair Surface Technologies introduced advanced magnetron sputtering targets for high-efficiency coatings in automotive and aerospace industries.
• Materion Corporation : Materion Corporation expanded its product line with magnetron sputtering targets optimized for next-generation electronic devices and medical equipment.
• Hitachi Metals, Ltd. : Hitachi Metals, Ltd. developed new magnetron sputtering targets for enhancing magnetic properties in data storage and semiconductor applications.
• JX Nippon Mining & Metals Corporation : JX Nippon Mining & Metals Corporation launched innovative magnetron sputtering targets for improving energy efficiency in thin-film solar cells and LED lighting.
Features of the Global Magnetron Sputtering Target Market
Market Size Estimates: Magnetron sputtering target market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Magnetron sputtering target market size by type, application, and region in terms of value ($B).
Regional Analysis: Magnetron sputtering target market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the magnetron sputtering target market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the magnetron sputtering target market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for magnetron sputtering target market?
Answer: The global magnetron sputtering target market is expected to grow with a CAGR of 2.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the magnetron sputtering target market?
Answer: The major drivers for this market are increasing demand in electronics industry, government initiatives supporting green technologies, and growing use of magnetron sputtering targets for high-performance coatings in automotive, aerospace, and optical industries.
Q3. What are the major segments for magnetron sputtering target market?
Answer: The future of the magnetron sputtering target market looks promising with opportunities in the electronic, automobile, and machinery markets.
Q4. Who are the key magnetron sputtering target market companies?
Answer: Some of the key magnetron sputtering target companies are as follows:
• EVOCHEM Advanced Materials
• Angstrom Sciences
• FHR Anlagenbau
• H. C. Starck
• Matsurf Technologies
• Korvus Technology
• Aja International
• MTI Corporation
• Taicang Xinchang Optoelectronic Material
• Able Target Limited
Q5. Which magnetron sputtering target market segment will be the largest in future?
Answer: Lucintel forecasts that DC magnetron sputtering is expected to witness the highest growth over the forecast period.
Q6. In magnetron sputtering target market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the magnetron sputtering target market by type (DC magnetron sputtering and RF magnetron sputtering), application (electronics, automobile, machinery, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Magnetron Sputtering Target Market Market, Magnetron Sputtering Target Market Market Size, Magnetron Sputtering Target Market Market Growth, Magnetron Sputtering Target Market Market Analysis, Magnetron Sputtering Target Market Market Report, Magnetron Sputtering Target Market Market Share, Magnetron Sputtering Target Market Market Trends, Magnetron Sputtering Target Market Market Forecast, Magnetron Sputtering Target Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.