How big is the Sputtering Equipment Cathode Market?

The Sputtering Equipment Cathode Market size is expected to reach USD 1.22 billion in 2024 and grow at a CAGR of 5.91% to reach USD 1.62 billion by 2029. Read More

What is the current Sputtering Equipment Cathode Market size?

In 2024, the Sputtering Equipment Cathode Market size is expected to reach USD 1.22 billion. Read More

Who are the key players in Sputtering Equipment Cathode Market?

Semicore Equipment, Inc., Sputtering Components, Inc., Angstrom Sciences, Inc., Veeco Instruments, Inc. and Kurt J. Lesker Company are the major companies operating in the Sputtering Equipment Cathode Market. Read More

Which is the fastest growing region in Sputtering Equipment Cathode Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Sputtering Equipment Cathode Market?

In 2024, the Asia Pacific accounts for the largest market share in Sputtering Equipment Cathode Market. Read More

What years does this Sputtering Equipment Cathode Market cover, and what was the market size in 2023?

In 2023, the Sputtering Equipment Cathode Market size was estimated at USD 1.15 billion. The report covers the Sputtering Equipment Cathode Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sputtering Equipment Cathode Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Sputtering Equipment Cathode Market Trends

Market Trends of Sputtering Equipment Cathode Industry

This section covers the major market trends shaping the Sputtering Equipment Cathode Market according to our research experts:

Rise in the Application of Semiconductors is Expected to Drive the Market

The demand for semiconductors is being driven by the increase in demand for consumer electronics, industrial tools & equipment, automotive products, networking, and communication products. And many more. These industries have been inspired by technology transitions such as wireless technologies (5G), Artificial intelligence, automation, etc.
The trend of increasing numbers of Internet of Things (IoT) devices is expected to force the semiconductor industry to invest in this equipment for enhanced production capabilities.
For instance, according to the recent forecasts of Semiconductor Equipment and Materials International (SEMI), silicon wafer shipments for semiconductor applications are expected to exceed 17,600 million square inches (MSI) by 2025 from 11,810 MSI in 2019.
In the automotive industry increasing number of semiconductor products per vehicle and trends like autonomous and electric vehicles are increasing the demand for semiconductor manufacturing.
The increase in applications of the Internet of Things is expected to boost the demand for semiconductors. Moreover, the wireless communications sector is expected to grow with the growth in 5G networks. Fifth-generation networks also indicate the likelihood of consumers upgrading their handsets/devices to drive applications of semiconductors globally.
With the increasing production of semiconductors in various devices worldwide, the market will witness positive growth over the forecast period.

Understand The Key Trends Shaping This Market

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Asia-Pacific is Expected to Occupy Highest Market Share

The Asia-Pacific region is expected to be the largest market for sputtering equipment, primarily owing to the increased semiconductor production in countries like China, South Korea, India, and Taiwan. Moreover, the increasing demand for PVD coatings from solar photovoltaic cells and the medical equipment industry is also expected to positively push the market growth during the forecast period.
China, a global manufacturing hub, is expected to witness an increase in the production of various products such as electronics and automotive, among others, over the forecast period, which is expected to drive the market. Also, the automotive industry comprises various coated components using sputtering equipment. Also, the growth in the production of electric/hybrid vehicles is expected to impact the market.
Japan holds a significant position in the semiconductor industry as it is home to some of the important IC chipset manufacturers and the electronics industry. According to WSTS, the semiconductor industry revenue in Japan for 2021 stood at USD 43.69 billion, and it is expected to reach USD 47.93 billion in 2022 and grow steadily in the future.
Furthermore, technological innovations in the robotics industry in countries like China and Japan are projected to boost the demand for semiconductor coatings. The increasing demand for semiconductor chips is expected to be supported by the increased demand from the robotics industry.
The Indian semiconductor ecosystem is robust, with most major global semiconductor players having their R&D centers in India. However, with supportive government policies, semiconductor manufacturing facilities are not significantly developed in the country. There are massive opportunities for the studied market.
The India Electronics and Semiconductor Association stated that the semiconductor component market in the region is expected to be worth USD 32.35 billion by 2025 while witnessing a CAGR of 10.1% (2018 -2025). This indicates high potential activity in the country's electronics sector, leading to several opportunities for the market studied.
In January 2021, the Ministry of Trade, Industry, and Energy announced that South Korea's ICT exports and imports increased by 3.8% and 3.9% to USD 183.6 billion and USD 112.6 billion, respectively, in 2020. The government also reported that in 2020, the country's semiconductor exports totaled USD 100.25 billion. The exports decreased by 1.5% in the first half of 2020; however, they increased by around 12.3% in the second half. Especially, system-on-chip exports increased by 17.8% to an all-time high of USD 30.3 billion. Memory chip exports increased by 1.5% to USD 63.9 billion.