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SPUTTERING EQUIPMENT CATHODE MARKET REPORT OVERVIEW
The global sputtering equipment cathode market size was USD 752.4 million in 2019 and the market is projected to touch USD 913.5 million by 2026, exhibiting a CAGR of 2.8% during the forecast period.
Sputtering is defined as a technique in which a material is bombarded with high-energy plasma or gas particles, resulting in the detachment of microscopic particles from the surface of the material. This technique is used in the production of thin films in the semiconductor, CD, disc and optical industries. Sputtering technology plays an important role in the electronics and semiconductor sector.
This technology is widely used in architectural glass, aerospace and defense, automotive, decorative, optical, consumer coatings, electronics/microelectronics, and many others. Factors such as increasing demand for electricity and electronics are driving the growth of the market. The semiconductor industry and the development of digitization will influence the growth. M&A's activity in the semiconductor industry has reached its peak and the focus is on specialized industries.
COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The outbreak of the COVID-19 pandemic in different parts of the world has significantly disrupted the supply chain and production of products on the market in early 2020. Some packaging and pilot plants in various regions have even been downsized or closed due to labor shortages. functions It also created a bottleneck for companies’ dependent on such backend packages and testing capability.
LATEST TRENDS
"Growth in the Use of Semiconductors Is Expected to Drive the Market Growth"
Demand for semiconductors is driven by growth in demand for consumer electronics, industrial tools and equipment, automotive products, networking and communication products. And much more. These industries are inspired by technological changes such as wireless technologies (5G), artificial intelligence, automation, etc. The ever-increasing number of Internet of Things (IoT) devices forces the semiconductor industry to invest in these devices to improve production capacity.
SPUTTERING EQUIPMENT CATHODE MARKET SEGMENTATION
- By Type
Based on type the global market can be categorized into Linear, Circular.
The linear cathode is mainly used in large-scale spray systems and provides high deposition rates for physical vapor deposition coatings. It offers high production capacity for large platforms and can be seamlessly integrated with larger production tools for greater consistency.
Circular cathodes make up the majority of the industry because they can be used to coat complex substrates through the surface of a rotating target tube.
- By Application
Based on application the global market can be categorized into Automotive, Electronics, Aerospace, Others.
The automotive industry includes a wide range of companies and organizations that design, develop, manufacture, market, sell, repair and modify motor vehicles.
The term electronics is derived from the word "electron". Electronics is the branch of physics that deals with the theory and use of devices in which electrons travel through vacuum, gas or semiconductor.
Aerospace engineers develop technologies used in aviation, defense systems, and spacecraft. These may focus on areas such as aerodynamic fluid flow; structural design; guidance, navigation and control; instrumentation and communication; robotics; or propulsion and combustion.
DRIVING FACTORS
"Increasing The Use of Artificial Intelligence in Various Industries to Spur the Market Growth"
Artificial intelligence (AI) enables machines to learn quickly, adapt to new outcomes and perform human tasks. AI has the ability to perform regular, high-volume, reliable and tireless computing tasks. Today companies are adding AI capabilities to their products to add intelligence to them. Artificial intelligence uses neural networks with many nested circuits to evaluate additional information. With the help of deep neural networks, artificial intelligence achieves incredible accuracy. They have the ability to improve existing analytical techniques such as time series techniques and computer vision.
"Advancement in technological development to Propel market growth"
The increase in the use of semiconductors in the process of virtual reality games, as well as the increase in technological development such as magnetron sputtering technology, the increase in the number of local manufacturers, the increase in the number of local manufacturers are the factors that accelerate the growth of the market. in the high commercial demand for fuel cells. Growth in manufacturing capacity in the US and fuel cell manufacturers, among others, are the major factors driving the cathode market for atomizers. In addition, the increase in technological development and modernization of manufacturing techniques, as well as the growth of research and development in the market, will continue to create new opportunities for the bombardment cathode market during the said forecast period. Growth initiatives by key industry players, such as continued investment in research and development to develop new production processes, are expected to increase process volumes. In addition, sputtering equipment cathode marketgrowth is expected to increase in the near future with the development of new products and the technological development of the spraying process.
RESTRAINING FACTORS
"High Cost to Impede Market Growth"
The market is hampered by the high cost of spray equipment, which limits their adoption by small and medium-sized businesses. In addition, there are challenges in the market to maintain the uniformity and stability of the laminated thin film. Fluctuation in prices of raw materials and rise of alternative technologies such as thermal evaporation are among the major factors restraining the sputtering equipment cathode market growth and will pose additional challenges to the atomizing cathode market during the said forecast period.
SPUTTERING EQUIPMENT CATHODE MARKET REGIONAL INSIGHTS
"The market is primarily segmented into Europe, Latin America, Asia Pacific, North America and Middle East and Africa."
"Asia Pacific to Dominate the Market due to Presence of a Large Consumer Base"
Asia Pacific dominates the sputtering equipment cathode market due to growth in semiconductor manufacturing in China, India, South Korea, and Taiwan and high demand for PVD coatings in photovoltaic and medical device manufacturing in the region. Europe is an expected region for sputtering cathode market growth as the region has high demand for PVD coatings in various sectors such as surgical tools and medical devices. Asia Pacific will dominate the largest sputtering equipment cathode market share. The Asia-Pacific spray equipment market is expected to grow at the highest CAGR during the forecast period due to the presence of several electronics manufacturers in the region. Some of the major electronics hubs such as South Korea, Japan and Taiwan and growing electronics demand from emerging economies such as India and China are fueling the growth of the spray coating market in the region. Major spray equipment manufacturers such as Hitachi High-Technologies Corporation (Japan) and ULVAC (Japan) are located in the region.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
The cloth wardrobe market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.
List of Market Players Profiled
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Kurt J. Lesker Company (KJLC) (U.S.)
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Veeco Instruments, Inc. (U.S.)
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Semicore Equipment, Inc. (U.S.)
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Impact Coatings AB (Sweden)
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AJA International, Inc. (U.S.)
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Soleras Advanced Coatings (Belgium)
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Sputtering Components, Inc. (U.S.)
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KDF Electronic & Vacuum Services, Inc. (U.S.)
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PVD Products, Inc. (U.S.)
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Angstrom Sciences, Inc. (U.S.)
INDUSTRIAL DEVELOPMENT
Mar4ch 2022: The Kurt J. Leskar Company, known worldwide as a pioneer in the design and manufacture of quality vacuum equipment, recently made a statement. The company has announced plans to expand its operations in Dresden, Germany. Thanks to this, the company can offer specialized local service and fast delivery from the distribution center to customers located in the European Union. These services are available to customers throughout the European Union.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 752.4 Million in 2019 |
Market Size Value By |
US$ 913.5 Million by 2026 |
Growth Rate |
CAGR of 2.8% from 2019 to 2026 |
Forecast Period |
2023-2026 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the sputtering equipment cathode market expected to touch by 2026?
The global sputtering equipment cathode market is expected to reach USD 913.5 million by 2026.
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What CAGR is the sputtering equipment cathode market expected to exhibit by 2026?
The sputtering equipment cathode market is expected to exhibit a CAGR of 2.8% by 2026.
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Which are the driving factors of the sputtering equipment cathode market?
Increasing the use of artificial intelligence in various industries such as electronics and aerospace and advancement in technological development are some of the driving factors of the market.
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What are the key sputtering equipment cathode market segments?
The key market segmentation that you should be aware of, which include, Based on type the sputtering equipment cathode market is classified as Linear, Circular. Based on application the sputtering equipment cathode market is classified as Automotive, Electronics, Aerospace, Others.