PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606480
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606480
The market for Sputter Coater was projected to reach USD 741.5 million in 2023 and expand at a CAGR of 5.50% between 2024 - 2032.
Sputter coaters are vacuum chambers that apply an atom coating (such as Au) to materials prior to their examination under an electron microscope; they typically include a magnet, a cathode (the target), and an anode (the sample). The electronics and semiconductor industries frequently use sputter coating to apply thin layers to flat panel displays and integrated circuits. Sputter coaters' requirement for more advanced thin film deposition technology is what defines the market the most. A major driver of the sputter coater market's growth is the increase in electronics production, especially for semiconductors and display technologies. Furthermore, an increasing demand for high-performance coatings that improve performance and durability are developments in the automotive and aerospace industries. The market is expanding as a result of the rise in consumer electronics and the increased focus on innovative materials across industries.
Sputter Coater Market- Market Dynamics
Growing Demand for Electronics and Semiconductors Sector
The growing need for sophisticated electronics, including memory devices, integrated circuits, and flat panel displays, is driving the need for sputter coaters. Thin films are applied to electronic components using these coaters to improve their performance. Due to the increase in private consumption and per capita disposable income, India is one of the world's biggest marketplaces for electronic goods, according to data from Invest India. The predicted $101 billion in domestic electronics output in FY23 includes wearables and hearing devices, PCBA, automotive electronics, LED lighting, consumer electronics, strategic electronics, IT hardware, mobile phones, and electronic components. Additionally, with a $10 billion incentive, the Semicon India Program seeks to establish a sustainable semiconductor and display ecosystem, establish India as a worldwide center, promote self-reliance, and enhance supply chain resilience and technological leadership. In the near future, this will also open doors for the sputter coater sector to expand.
Sputter Coater Market- Key Insights
According to our research analyst's analysis, the global market is projected to expand at a CAGR of approximately 5.50% during the forecast period of 2024-2032.
The meral category was predicted to hold the largest market share in 2023 based on substrate type.
The electronics category was predicted to hold the largest market share in 2023 based on industry.
Asia Pacific held the largest revenue share by region in 2023.
The Global Sputter Coater Market is segmented into Substrate Type, Target Type, Industry, and Region.
The market is divided into Metal, Ceramics, Plastics, Glass, and Others based on substrate type. In 2023, metal had the most market share. Because of its many uses and rising demand in a variety of industries, the metal substrate segment of the sputter coatings market is becoming the one with the quickest pace of growth. In industries including electronics, automotive, and aerospace, metal substrates are essential for depositing high-performance coatings that improve conductivity, durability, and aesthetic appeal. Improvements in sputtering technology, which make it possible to produce coatings with better qualities like greater hardness, resistance to corrosion, and enhanced thermal stability, are driving the expansion of the metal substrate category.
Based on industry, the market is segmented into several segments, including Electronics, Automotive, Optics, Architectural glass, and Others. In 2023, the electronics category held a major share of the market. Because of the growing need for sophisticated electronic devices and components, the electronics application segment of the sputter coatings market is expanding at the fastest rate. Sputter coatings that improve the functionality and dependability of electronic equipment are becoming more and more necessary as technology develops.
Sputter Coater Market- Geographical Insights
The Sputter Coater market is widely distributed geographically in North America, Latin America, Europe, Asia Pacific, the Middle East and Africa. These areas are further separated based on the countries that provide business.
Asia Pacific dominated the sputter coatings market in 2023 because of its strong industrial base and notable technological breakthroughs in a number of different industries. The high demand for sputter coatings, which are necessary to improve the performance and longevity of electronic components, automotive parts, and energy-efficient technologies, is driven by the region's fast industrialization and growth of the electronics, automotive, and renewable energy sectors. Leading nations like China, Japan, and South Korea are spearheading the movement thanks to their sophisticated manufacturing capacities and significant R&D expenditures. In addition, Asia Pacific's cost-effective production infrastructure and competitive manufacturing environment help explain its supremacy as businesses take advantage of local advantages to satisfy the expanding worldwide demand.
Moreover, the market for sputter coaters is expected to grow steadily in North America due to the growing need for cutting-edge materials that can be used in a variety of industries. The region is home to prestigious aerospace and defense firms, which is expected to raise demand for sputter coaters used in the production of novel materials. The growing use of sputter coaters in the production of medical equipment is expected to boost the market in the area. Additionally, among other industries, the electronics, semiconductor manufacturing, automotive, and healthcare sectors are the main drivers of the need for sputter coaters in America. Its technological innovations, government backing, R&D efforts, and the presence of important industry players all contribute to its potential for success.
A number of important industrial participants such as Honeywell International Inc., Materion Corporation, JX Nippon Mining & Metal Corporation, Praxair S.T. Technology, Inc., ULVAC, Inc., and others dominated the market for sputter coaters. The businesses are well known for their proficiency in producing sputter coaters and offering cutting-edge thin-film deposition solutions to a range of sectors. They are present all over the world and frequently serve a variety of industries, including advanced materials research, electronics, semiconductor production, optics, and medical devices.
August 2024: In response to the increasing need for sophisticated optical interference filters, we recently introduced the HELIOS 1200, the newest model in our sputter tool family. It provides high throughput, remarkable uniformity, and accurate layer thickness control by optical monitoring and is specifically designed for 300-mm wafer substrates in opto-semiconductor applications.
January 2022: Following the announcement that it will be acquiring a UK maker of physical vapor deposition technology, SDI Group PLC toughened 5.5% to 211p. The technology company purchased Scientific Vacuum Systems (SVS), a world leader in the production of sputter coaters for coating premium brand razor blades, for about £4.9 million.