Sputtering Equipment Market Forecasts to 2030 - Global Analysis By Type, System, Substrate Type, Application and By Geography

According to Stratistics MRC, the Global Sputtering Equipment Market is accounted for $25.07 billion in 2024 and is expected to reach $40.67 billion by 2030 growing at a CAGR of 8.4% during the forecast period. An important technology for depositing thin films onto a variety of substrates, frequently for semiconductor, solar, and display applications, is sputtering equipment. A target material is subjected to a high-energy particle bombardment process, which ejects atoms from the target and deposits them onto a substrate. Thin, consistent coatings are crucial in fields like materials science, electronics, and optics, and this method is prized for its accuracy in producing them.

According to the International Journal of Nanotechnology, advancements in sputtering technology have enabled the production of high-quality nanostructure materials, which are crucial for applications in electronics, optics, and energy storage. The journal highlights that sputtering can produce films with grain sizes as small as 10 nanometers.

Market Dynamics:

Driver:

Growth in the production of semiconductors

One of the main factors propelling the sputtering equipment market is the growing need for semiconductors, which is fueled by developments in consumer electronics, mobile devices, and computer systems. The production of the ultra-thin films needed for integrated circuits and microchips used in these applications depends on sputtering technology. The semiconductor industry is predicted to keep expanding as smart devices and cutting-edge technologies like artificial intelligence (AI), the Internet of Things (IoT), and 5G networks proliferate. Additionally, the market for sputtering equipment is being driven by the need for more sophisticated deposition techniques due to the push for smaller form factors in consumer electronics.

Restraint:

High operating and capital expenses

The high initial cost of purchasing the systems is one of the primary obstacles preventing the widespread use of sputtering equipment. The price of raw materials, like high-purity targets, and the requirement for frequent system upgrades and calibrations can also make running and maintaining sputtering systems costly. Furthermore, these expenses may be unaffordable for many small and medium-sized businesses (SMEs) in sectors like solar energy and electronics, which would restrict the market potential in some areas.

Opportunity:

Developments in electronics manufacturing technology

The electronics industry and the production of semiconductors in particular, is changing quickly. Opportunities for sputtering equipment arise from the need for faster, more potent semiconductors and the shrinking of electronic devices. Advanced thin-film deposition technologies are necessary for microelectronic innovations like 5G technology, artificial intelligence, and Internet of Things gadgets. Moreover, sputtering is a vital technology for the electronics industry, driving growth in the equipment market due to its capacity to deposit consistent, high-quality films on integrated circuits and microchips.

Threat:

Price pressure and fierce competition

A number of well-established companies are fighting for market share in the fiercely competitive sputtering equipment industry. Due to the fierce price competition that has resulted, equipment manufacturers profit margins may be threatened. As a result of the industry's numerous businesses constant innovation and introduction of new technologies, prices are constantly under pressure to stay competitive. Additionally, smaller or less established businesses with fewer resources might find it difficult to compete with bigger firms, which could result in market consolidation and fewer opportunities for newcomers.

Covid-19 Impact:

The market for sputtering equipment was greatly impacted by the COVID-19 pandemic, which caused supply chains and manufacturing processes to be disrupted globally. Production of sputtering systems and their components was delayed due to the temporary closure of production facilities, especially in important regions such as Asia-Pacific. Furthermore, during the pandemic, demand for sputtering equipment fluctuated in the semiconductor and electronics industries, which are significant users of the technology. In certain sectors, investment was lowered as a result of economic uncertainty. However, some of these losses were offset by the rising demand for consumer electronics, particularly as people began working and playing remotely.

The Magnetron Sputtering segment is expected to be the largest during the forecast period

The market for sputtering equipment is expected to be dominated by the magnetron sputtering segment. Because of its effectiveness and efficiency in creating high-quality thin films, this technique is preferred and widely used in many different applications, especially in the electronics and semiconductor industries. In order to improve the sputtering process and enable higher deposition rates while lowering the necessary power, magnetron sputtering uses a magnetic field to confine electrons near the target material. Moreover, the ongoing development of magnetron sputtering technology ensures its dominant position in the market by supporting its use in cutting-edge industries like advanced electronics and renewable energy.

The In-line Sputtering Systems segment is expected to have the highest CAGR during the forecast period

In the sputtering equipment market, the in-line sputtering systems segment is anticipated to grow at the highest CAGR. High-volume production processes are the focus of in-line sputtering systems, which enable continuous operation and effective integration into production lines. Their ability to deposit thin films quickly and reliably makes them especially appealing to industries like electronics manufacturing and semiconductor fabrication. In-line systems are becoming more and more popular due to the growing need for smaller electronic components and improvements in manufacturing technology, which boost output and lower operating expenses. Additionally, in-line sputtering systems are anticipated to be essential in satisfying the demands of industries that are still moving toward automation and efficiency, which will further fuel their notable rate of market expansion.

Region with largest share:

Due to its thriving semiconductor and electronics industries, the Asia-Pacific region is expected to hold the largest share of the sputtering equipment market. This region was distinguished by a high demand for sputtering equipment, especially from nations with important electronics manufacturing and research facilities, such as China, Japan, South Korea, and Taiwan. Further driving market growths are the electronics industry's quick industrialization and growth as well as rising investments in cutting-edge manufacturing technologies. Furthermore, the increasing use of thin-film technology in a variety of applications, such as consumer electronics and automotive parts, places Asia-Pacific at the forefront of the sputtering equipment market.

Region with highest CAGR:

The North America region is anticipated to have the highest CAGR in the sputtering equipment market. Demand in the area is strong due to developments in electronics and semiconductor manufacturing as well as the growing use of renewable energy sources like solar power. With significant investments in semiconductor manufacturing and research into cutting-edge thin-film coatings for sectors like aerospace, automotive, and medical devices, the US is a major player in this field. Moreover, driving the expansion of sputtering equipment in North America are government programs promoting clean energy technologies and the growing need for high-performance materials in the electronics and automotive industries.

Key players in the market

Some of the key players in Sputtering Equipment market include Omicron Scientific Equipment Co., Buhler AG, ULVAC Technologies, AJA International, Inc., Veeco Instruments, Inc., AVACO Co., Ltd., JX Nippon Mining & Metals, Canon Anelva Corporation, Kolzer Srl, Intevac Inc., Angstrom Engineering Inc., Semicore Equipment, Inc., OC Oerlikon Corp. AG, Kurt J. Lesker Company and Impact Coatings AB.

Key Developments:

In November 2024, Intevac, Inc. has entered a strategic agreement with Palogic Value Management, expanding its board and appointing Ryan Vardeman as director, while ensuring Palogic's support for board decisions. Intevac also reported a revenue increase driven by technology upgrades in HAMR media, totaling over $28.5 million for Q3 2024.

In August 2024, Veeco Instruments Inc. announced that IBM selected the WaferStorm(R) Wet Processing System for Advanced Packaging applications and has entered into a joint development agreement to explore advanced packaging applications using multiple wet processing technologies from Veeco.

Types Covered:

• Physical Vapor Deposition (PVD) Sputtering
• Radio Frequency (RF) Sputtering
• Direct Current (DC) Sputtering
• Reactive Sputtering
• Magnetron Sputtering
• Ion Beam Sputtering

Systems Covered:

• Standalone Sputtering Systems
• Cluster Sputtering Systems
• In-line Sputtering Systems

Substrate Types Covered:

• Metal Substrates
• Semiconductor Substrates
• Glass Substrates
• Ceramic Substrates
• Plastic Substrates

Applications Covered:

• Automotive
• Healthcare
• Consumer Electronics
• Solar Energy
• Micro Electro Mechanical Systems (MEMS)
• Complementary Metal Oxide Semiconductor (CMOS)
• Image Sensors and Radio Frequency Identification (RFID) Devices
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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