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The Global Sputtering Equipment Market is forecast to increase by USD 535.28 million and is estimated to grow at a CAGR of 5.21% between 2022 and 2027. The market's growth relies on several key factors. These include the increasing prevalence of data centers and the rising demand for FOWLP (Fan-Out Wafer Level Packaging). Notably, the expansion of piezoelectric MEMS (Microelectromechanical Systems) plays a significant role in driving market growth. However, challenges such as the declining demand for CDs, DVDs, and Blu-ray discs may pose obstacles to this growth trajectory. Despite these challenges, the market demonstrates resilience and adaptability, spurred by ongoing technological advancements and shifting consumer preferences. This report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The market share growth by the reactive sputtering segment will be significant during the forecast period. Sputtering is the thin-film deposition manufacturing process for the semiconductor and storage device industries. When using magnetron sputtering deposition, electrons are trapped over the negatively charged target material so they cannot attack the substrate. This allows for quicker deposition rates. Circular and rectangular cathode/target forms are the most prevalent in magnetron sputtering. Larger size in-line systems, where substrates scan linearly past the targets on some sort of a conveyor belt or carrier, are where rectangular magnetrons are most frequently used. More frequently, circular sputtering magnetrons are seen in single-wafer stations or smaller confocal batch systems.
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The reactive sputtering segment was valued at USD 680.40 million in 2017 and continued to grow by 2021. The growth of the market is driven by investments in increasing fab capacity and R and D by the companies operating in the semiconductor industry. Investments in the market are focused on developing new technologies, advanced manufacturing techniques, fabrication plants for large wafer sizes, packaging techniques, and large-scale integrations. Compound semiconductors are increasingly preferred for wide bandgap power devices compared with silicon. Power devices use solid-state electronic devices for the conversion, control, and processing of electricity and electric power. Such factors are increasing demand for the magnetron sputtering segment, which, in turn, will drive the growth of the market during the forecast period.
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APAC is estimated to contribute 86% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The major reason for the dominance of APAC is the presence of major consumer electronics manufacturers, automotive manufacturers, and solar cell manufacturers in the region. Countries such as China, South Korea, and Japan are the leading producers of consumer electronic devices. Some of the major companies in the region include LG Electronics, Lenovo, SAMSUNG, Sony, TOSHIBA, Xiaomi, and Huawei Technologies. The automotive manufacturers in the region include Toyota Motor, Nissan Motor, and Mitsubishi Motors. The abundant availability of raw materials and the low establishment and labor costs have helped companies set up their production centers in the region. The region has the presence of many OEMs. Thus, the region accounts for most of the orders of the equipment used for manufacturing semiconductor devices, including solar cells and storage devices.
The market caters to various industries such as electronics, automotive, aerospace, and healthcare, enabling the fabrication of nanoscopic components for semiconductor applications, thin film piezoelectric MEMS, and solar energy applications, while also supporting the integration of 5G technology, AI, and IoT in semiconductor manufacturing through plasma control technologies like magnetron sputtering, reactive sputtering, and co-sputtering for wafer fabrication and integrated circuit manufacturing in electronics applications. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growth of piezoelectric MEMS is the key factor driving global sputtering equipment market growth. These MEMS, essential for various applications across electronics, automotive, aerospace, healthcare, and consumer electronics industries, are crafted using piezoelectric materials and manufactured through processes like wafer fabrication and integrated circuit manufacturing. With a surge in demand for nanoscopic components driven by the trend of miniaturization, the importance of thin film piezoelectric MEMS has escalated. These components offer superior performance, leveraging large linear forces and fast actuation at lower operating voltages, thereby enhancing accuracy and reducing voltage burden on integrated control electronics. Consequently, complexities within MEMS are minimized.
These advancements have paved the way for a myriad of applications, including MEMS sensors and actuators for diverse electronic devices, vehicles, aerospace equipment, and medical tools. One significant driver for the adoption of thin film piezoelectric MEMS is the emergence of micromachined piezoelectric devices, offering groundbreaking opportunities at the micron level. For example, micromachined piezoelectric biosensors and transducers hold promise for revolutionizing healthcare diagnostics, enabling precise 3D ultrasound imaging of vascular systems.
The growing demand for IoT devices is the primary trend in the global sputtering equipment market. There is a tectonic shift in the semiconductor industry due to the exponential growth of the Internet of Things (IoT) market. Without semiconductor sensor technology, the existence of IoT cannot be imagined. Hence, the role of semiconductor inspection systems became more crucial to produce sensors of extreme quality. IoT technology enables the connected device to use sensors and actuators to collect, record, and transmit data to other computing devices on a real-time basis.
IoT enables the transfer of data over a network without the need for any human-to-human or human-to-computer interaction. The developments in telecommunication standards, such as 3G/4G/5G and wired communication standards, have accelerated the adoption of IoT devices. This will accelerate the development of multifunctional ICs compatible with all the networking standards and support higher bandwidth applications, resulting in an increasing demand for the equipment. Thus, the demand for the equipment will rise with the growing adoption of IoT devices during the forecast period.
The declining demand for CDs, DVDs, and Blu-ray discs is a major challenge to the global sputtering equipment market growth. The equipment is used for the deposition of semi-transparent thin films of metal such as aluminum or gold during the fabrication of CDs, DVDs, and Blu-ray discs. Market companies use magnetron sputter for thin film deposition on CDs, DVDs, and Blu-ray discs. In this process, magnets are used behind the negative cathode to trap electrons over the negatively charged target material, thereby allowing for faster deposition rates. However, with the decrease in the demand for CDs, DVDs, and Blu-ray discs, the market is witnessing a slowdown in demand for magnetron sputtering, which is hindering the growth of the global sputtering equipment market.
The decrease in the demand for CDs, DVDs, and Blu-ray discs is due to the proliferation of online streaming platforms, such as Netflix, Hulu, and Amazon Prime Video. Furthermore, with the increased popularity of cloud storage, people have shifted from physical media storage devices such as CDs and DVDs. The rising adoption of mobile computing devices such as smartphones and tablets has resulted in increasing online media consumption as these devices are portable. In addition, the easy availability of Internet services makes these devices a preferred choice for music streaming on the go. All these factors are leading to declining demand for CDs, DVDs, and Blu-ray discs, thereby negatively affecting the growth of the market.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Sputtering Equipment Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Angstrom Sciences - The company offers ONYX magnetron sputtering cathodes with complex multi-cathode cluster assemblies designed for system upgrades and retrofit applications. Also, under this segment, the company is involved in offering the supply of advanced magnetrons and refined materials for plasma vapor deposition with high-quality thin films.
This market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Sputtering Equipment Cathode Market is witnessing robust growth, driven by its vital role in various industries such as the Semiconductor industry, Aerospace industry, and Electronics industry. Advanced technologies like Artificial Intelligence and Internet of Things (IoT) are shaping the market landscape, enhancing efficiency and productivity. With the adoption of Magnetron sputtering technology and Physical vapor deposition (PVD) methods, manufacturers achieve high-quality coatings and precise material deposition. Organizations like Semiconductor Equipment and Materials International (SEMI) play a crucial role in industry standards and innovation. Moreover, the market is buoyed by the increasing demand for electronic components in emerging technologies like 5G networks, Autonomous vehicles, and Electric vehicles, driving Silicon wafer shipments and growth in the automotive sector.
This market plays a crucial role in various industries, including the automotive industry, electronics applications, and wafer fabrication for integrated circuit manufacturing, and Piezoelectric Micro-Electro-Mechanical Systems (MEMS). It caters to sectors such as the healthcare industry, consumer electronics industry, and solar energy applications with technologies like Plasma control and Thin film technology. Sputtering equipment is vital for producing components used in display technologies like LCD displays and OLED displays, as well as for thin-film solar cells and renewable energy applications.
The market also drives innovation in semiconductor and display applications, supporting microelectronics and compact electronic devices. It's vital for plasma control and AI technologies, enhancing data storage and electronics sectors. However, challenges such as high initial costs and supply chain disruptions persist, driving the need for technical developments and regulatory compliance in this dynamic market.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Sputtering Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.21% |
Market growth 2023-2027 |
USD 535.28 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.79 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 86% |
Key countries |
US, China, Taiwan, Japan, and South Korea |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Angstrom Science Inc., Applied Materials Inc., Buhler AG, Canon Inc., Denton Vacuum, Guangdong HuiCheng Vacuum Technology Co. Ltd., Impact Coatings AB, Intevac Inc., IZOVAC PHOTONICS, Kobe Steel Ltd., KOLZER Srl, Kurt J Lesker Co., OC Oerlikon Corp. AG, Semicore Equipment Inc., Singulus Technologies AG, Tokyo Electron Ltd., Ulvac Inc., Vacuum Techniques Pvt. Ltd., Veeco Instruments Inc., and Vergason Technology Inc. |
Market dynamics |
Market trends and analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
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