Sputtering Targets And Sputtered Films Market Growth, Trends, and Forecast 2023

The global market for sputtered films and sputtering targets should grow from $3.2 billion in 2018 to $4.2 billion by 2023 at a compound annual growth rate (CAGR) of 5.1% for the period of 2018-2023.

Report Scope:

This report provides an updated review of sputtering technologies and a description of various types of sputtering targets and their fabrication methods and identifies current and emerging applications for these technologies.

BCC Research delineates the current market status for sputtering targets, defines trends, and presents growth forecasts for the next five years. The sputtering target market is analyzed based on the following segments: application, material type, and region. In addition, technological issues, including key events and the latest developments, are discussed.

More specifically, the market analysis conducted by BCC Research for this report is divided into five sections.

In the first section, an introduction to the topic and a historical review of the sputtering process are provided, including an outline of recent events. In this section, an overview of the latest technological developments related to sputtering technology is supplied, and current and emerging applications for sputtering are also identified and grouped in segments (electronics, optoelectronics, energy, optical coatings, mechanical/chemical, life sciences, sensors and instrumentation, and others).

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The second section provides a technological review of sputtering targets. This section offers a revised and detailed description of sputtering target types, traditional and emerging target materials, as well as typical fabrication methods and recent process updates. Each of these three sections concludes with an analysis of the most important technological developments since 2016, including examples of significant patents recently issued or applied. The chapter ends with a highlight of the most active research organizations operating in this field and their activities.

The third section entails a global market analysis of sputtering targets and sputtered films. Global revenues (sales data in millions of dollars) are presented for each segment (application, material type, and region), with actual data referring to the years 2016 and 2017, and estimates for 2018. Dollar figures refer to sales of sputtering targets at the manufacturing level. Consumption of sputtered films and target material is also offered for the years 2016 through 2018 and compounded annual growth rates (CAGRs) for these market indicators for the same period are calculated.

The analysis of current revenues is followed by a detailed presentation of market growth trends, based on industry growth, technological trends, and regional trends. The third section concludes by providing projected sputtering target revenues and total sputtered film areas within each segment, together with CAGRs for the period 2018 through 2023. Projected and forecast revenue values are in constant U.S. dollars, unadjusted for inflation.

In the fourth section of the study, which covers global industry structure, the report offers a list of the leading suppliers of sputtering targets, together with a description of their products. The analysis includes a description of the geographical distribution of these firms and an evaluation of other key industry players. Detailed company profiles of the top players are also provided.

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The fifth and final section includes an analysis of recently issued U.S. patents, with a summary of patents related to sputtering target materials, types, fabrication methods, and applications. Patent analysis is performed by region, country, assignee, patent category, application, and material type.

Report Includes:

- 107 data tables and 26 additional tables
- Industry analysis of global market for sputtering targets and sputtered films
- Analyses of global market trends with data from 2016, 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Information on the most advanced sputtering methods and emerging processes along with the reviewed latest methods for fabricating sputtering targets
- Qualitative and quantitative analysis of the global market by application, material type and geographical region
- An overview of the new technological developments in fabrication of sputtering targets, while outlining technical issues
- Identification of current technological trends with an objective analysis of trends in recently issued U.S. patents
- Company profiles of key market players, including Hitachi Metals, Honeywell Electronic Materials, Mitsubishi Materials Corp., Praxair and ULVAC

Summary

Sputtering is one of the most popular coating processes used by the advanced materials industry to deposit thin films (i.e., films with a thickness below 5 microns). Sputtering targets are high-value products that provide the material for creating the film during the sputtering process.

Over the years sputtering targets have become available based on a variety of materials and with various geometrical configurations for satisfying the requirements of a growing range of applications. BCC Research has identified eight sectors where sputtering has current and potential use: electronics, optoelectronics, energy, life sciences, mechanical/chemical, optical coatings, sensors and instrumentation, and others (e.g., web coatings, decorative coatings, and functional coatings).

This study highlights the latest developments in sputtering target technology, including target types, materials, fabrication processes, and applications. It also offers a detailed market analysis of sputtering targets by segment (application, material type, and region), describing technical aspects and trends that will affect future growth of this market.

The global market for sputtering targets is estimated to be valued at REDACTED in 2018. A total of nearly REDACTED targets are projected to be used in 2018 for depositing almost REDACTED square meters of thin films for integrated circuits, other circuit devices, passive components, data storage devices, advanced displays, photovoltaic cells, fuel cells, batteries, protective coatings, automotive and architectural glass, medical implants, sensors and instrumentation, and other applications.

The energy sector, which includes devices such as solar cells, photothermal systems, fuel cells, batteries, and thermoelectric devices, is the largest consumer of sputtering targets and is estimated to account for REDACTED of all revenues in 2018.

The electronics sector, which includes integrated circuits and other circuit devices, microelectromechanical systems (MEMS), passive and embedded components, and data storage devices, represents the second-largest share of the market, at REDACTED of the total in 2018.

On-going expansion of the advanced display market and rising sales of light-emitting diodes, lasers, and optical waveguides are making optoelectronics the third-largest sector in terms of revenues. Sputtering targets for optoelectronics are estimated to account for REDACTED of the total in 2018. All the remaining applications will result in a combined share of REDACTED by the end of 2018.

Although there are technology trends within the electronics industry that are expected to negatively affect sputtering targets sales within this sector during the next five years, other sectors (e.g., optoelectronics, energy, and optical coatings) will drive revenues to positive overall growth during the forecast period.

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