Global Semiconductor Sputtering Targets
Market Report
2024
The Global Semiconductor Sputtering Targets market size is USD 4.5 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Semiconductor Sputtering Targets market size is USD 4.5 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.80% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Semiconductor Sputtering Targets Market Sales Revenue 2023 | $ 4.5 Billion |
Global Semiconductor Sputtering Targets Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.8% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Semiconductor Sputtering Targets Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Sputtering target products encompass a range of sputtering targets that find applications in various fields, including semiconductors, solar energy, and flat panel displays. The sputter deposition process is extensively employed to coat thin films onto different substrates, meeting specific needs such as enhanced speed or resolution of electronic devices. The growth of this industry is driven by the increasing demand for transparent conductive films in solar cells, the expanding market for flat panel displays, and the advancements in transition metal alloy sputter targets used in the production of thin-film batteries and organic light-emitting diodes.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the semiconductor sputtering targets industry.
For instance, in November 2020, Mitsubishi Chemical Corporation agreed to transfer its light metal products business to Konfoong Materials International Co., Ltd. and TCPR (Shanghai) Electro-Mechanical High-Tech Co., Ltd., which is part of the KFMI Group. This strategic move aims to enhance the management of Mitsubishi Chemical Corporation's portfolio of sputtering target materials for semiconductors and liquid crystal displays.
(Source:www.m-chemical.co.jp/en/news/2020/1210224_7667.html)
The Semiconductor Sputtering Targets Market is the increasing demand for advanced semiconductor devices across various industries. Sputtering targets are vital for depositing thin films on semiconductor wafers, allowing for the creation of electronic components that are smaller, faster, and more energy-efficient. As technologies such as 5G, Internet of Things (IoT), artificial intelligence, and autonomous vehicles become increasingly popular, there is a significant increase in demand for semiconductor materials that are high-performance and specialized.
In January 2022, Mitsubishi Corporation initiated the large-scale manufacturing of a fresh sputtering target known as DIABLA, designed specifically for blackening films.
(Source:www.mmc.co.jp/corporate/en/news/2021/news20210210.html)
This includes sputtering targets made from materials like silicon, gallium arsenide, and indium tin oxide, which are essential for the manufacturing of cutting-edge semiconductor devices. The need for advanced sputtering targets is anticipated to stay strong as these technologies progress, fueling market expansion.
Substantial investments are being made in semiconductor manufacturing facilities worldwide. As semiconductor companies strive to meet the growing demand for electronic components, they are expanding their production capacities and building new fabrication plants. These facilities require a steady supply of sputtering targets for thin film deposition processes, which are integral to semiconductor production. Additionally, governments and industry stakeholders are recognizing the strategic importance of semiconductor manufacturing and investing in domestic semiconductor ecosystems. For instance, initiatives aimed at bolstering semiconductor manufacturing in regions like the United States and Europe are expected to lead to increased demand for sputtering targets as more fabrication facilities are established.
The semiconductor sputtering targets market is the vulnerability of its supply chain to disruptions. The production of sputtering targets involves intricate processes and relies on the availability of specific raw materials, often sourced from a limited number of suppliers. Any disruption in the supply chain, such as geopolitical tensions, trade disputes, or natural disasters, can lead to shortages and price fluctuations of critical materials. For example, materials like rare earth metals, indium, and various high-purity metals are essential components of sputtering targets, and factors beyond the control of manufacturers can impact their availability.
The market for Semiconductor Sputtering Targets was significantly impacted by the COVID-19 epidemic. Production slowed down and delays were seen in the semiconductor sector during the early stages of the pandemic as a result of supply chain problems, facility closings, and logistical difficulties. This affected the availability of sputtering targets, a critical component in semiconductor manufacturing processes like thin film deposition. However, as the semiconductor industry rebounded and demand for electronic devices, including those for remote work and communication, surged, the sputtering targets market regained momentum. Companies in the sector adapted to new safety protocols and digital technologies for remote collaboration, contributing to the recovery.
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The semiconductor sputtering targets market is known for its fierce competition as key players vie for a larger market share. There are several prominent companies that dominate this industry, consistently introducing new innovations and expanding their range of products.This market is highly competitive, with a strong emphasis on innovation, strategic partnerships, and a commitment to sustainability.
November 2020:Mitsubishi Chemical Corporation reached an agreement with Konfoong Materials International Co., Ltd. and KFMI Group's subsidiary TCPR (Shanghai) Electro-Mechanical High-Tech Co., Ltd. for the transfer of MCC's light metal products division. The purpose of this acquisition was to improve the management of their portfolio of sputtering target materials used in semiconductors and liquid crystal displays.
August 2019: ULVAC, Inc. has effectively introduced cutting-edge PZT piezoelectric thin-film sputtering technology and a high-volume manufacturing (HVM) solution. This advancement enables the development of MEMS sensors and actuators with enhanced reliability and superior film production for the next generation of devices.
Top Companies Market Share in Semiconductor Sputtering Targets Industry: (In no particular order of Rank)
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Global Semiconductor Sputtering Targets Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Semiconductor Sputtering Targets Industry growth. Semiconductor Sputtering Targets market has been segmented with the help of its Type, Application , and others. Semiconductor Sputtering Targets market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the dominant category is the aluminum target. Aluminum sputtering targets are widely used in the semiconductor industry for various applications, including the deposition of thin films and coatings. The dominance of aluminum targets can be attributed to several factors. Aluminum is a versatile material that exhibits excellent thermal and electrical conductivity, making it suitable for semiconductor manufacturing processes. Secondly, aluminum targets are cost-effective compared to some other materials, providing a cost advantage to semiconductor manufacturers. Lastly, the growing demand for electronic devices and the semiconductor industry's expansion contribute to the dominance of aluminum targets due to their extensive use in the production of semiconductors and related components.
The fastest-growing category in the semiconductor sputtering targets market is the copper target. Copper sputtering targets are experiencing rapid growth due to their increasing use in advanced semiconductor processes. Copper is favored for its excellent electrical conductivity, making it crucial for interconnects and wiring in semiconductor devices. With the development of smaller and more powerful electronic devices, there is a growing demand for copper sputtering targets to support advanced semiconductor technologies like 5G, AI, and IoT. The shift toward copper interconnects from traditional materials like aluminum has fueled the growth of copper targets in the market.
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The dominant category is wafer manufacturing. Wafer manufacturing involves the production of silicon wafers that serve as the foundational substrate for semiconductor device fabrication. Sputtering targets play an immportant role in the semiconductor manufacturing process by depositing thin films onto silicon wafers. These thin films are integral to the creation of transistors, memory devices, and integrated circuits. The dominance of the wafer manufacturing application category is driven by the continuous growth in demand for semiconductors used in electronics, ranging from smartphones to automotive applications; as the semiconductor industry advances, there is a need for precision and efficiency in wafers.
According to Cognitive Market Research, the fastest-growing category is packaging and testing. This growth is attributed to several factors. Firstly, as semiconductor devices become more complex and compact, there is a heightened need for advanced packaging and testing solutions to ensure the reliability and functionality of these devices. Sputtering targets are utilized in the creation of packaging materials, including the deposition of thin films on semiconductor packages for enhanced performance and protection. Additionally, with the advent of emerging technologies such as 5G, IoT, and AI, the demand for semiconductor devices has surged, driving the growth of packaging and testing processes.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Semiconductor Sputtering Targets market report 2024 Edition by contacting our team.
According to Cognitive Market Research, North America stands as the dominant region in the Semiconductor Sputtering Targets Market for several compelling reasons. North America boasts a robust semiconductor industry ecosystem, with the presence of key semiconductor manufacturers, research institutions, and advanced technology infrastructure. This ecosystem fosters innovation and drives the demand for sputtering targets in various applications. The region has a high concentration of electronics and semiconductor device manufacturing companies, particularly in the United States. The United States emerges as the dominant country in the Semiconductor Sputtering Targets Market due to several pivotal factors. The USA is home to some of the world's largest semiconductor manufacturers and semiconductor equipment suppliers, making it a hub for semiconductor research, development, and production. These companies require a steady supply of high-quality sputtering targets for their semiconductor fabrication processes. The country's significant investments in cutting-edge technology and its leadership in innovation drive the demand for sputtering targets for research and development purposes.
The Asia-Pacific region is experiencing rapid growth in the Semiconductor Sputtering Targets Market due to several key factors. Asia-Pacific houses some of the world's largest electronics manufacturing hubs, particularly in countries like China, South Korea, Taiwan, and Japan. These countries are major players in the global semiconductor industry and have seen a surge in demand for sputtering targets as they expand their semiconductor production capabilities to meet the growing consumer electronics market. The region benefits from a burgeoning middle-class population with increasing disposable income, driving the demand for smartphones, laptops, and other electronic devices.
The current report Scope analyzes Semiconductor Sputtering Targets Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Semiconductor Sputtering Targets Market is witnessing significant growth in the near future.
In 2023, the Titanium Target segment accounted for noticeable share of global Semiconductor Sputtering Targets Market and is projected to experience significant growth in the near future.
The Wafer Manufacturing segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies JX Nippon Mining & Metals Corporation , Hitachi Metals and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Titanium Target, Aluminum Target, Tantalum Target, Copper Target, Others |
Application | Wafer Manufacturing, Packaging and Testing |
List of Competitors | JX Nippon Mining & Metals Corporation , Praxair , Hitachi Metals , Honeywell , Sumitomo Chemical, ULVAC , Materion (Heraeus), GRIKIN Advanced Material Co. Ltd. , TOSOH, Ningbo Jiangfeng, FURAYA Metals Co. Ltd , Advantec, Angstrom Sciences , Umicore Thin Film Products |
This chapter will help you gain GLOBAL Market Analysis of Semiconductor Sputtering Targets. Further deep in this chapter, you will be able to review Global Semiconductor Sputtering Targets Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Semiconductor Sputtering Targets Market Trends North America Semiconductor Sputtering Targets Technological Road Map North America Semiconductor Sputtering Targets Market Drivers North America Semiconductor Sputtering Targets Market Restraints North America Semiconductor Sputtering Targets Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Semiconductor Sputtering Targets market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Titanium Target have a significant impact on Semiconductor Sputtering Targets market? |
What are the key factors affecting the Titanium Target and Aluminum Target of Semiconductor Sputtering Targets Market? |
What is the CAGR/Growth Rate of Wafer Manufacturing during the forecast period? |
By type, which segment accounted for largest share of the global Semiconductor Sputtering Targets Market? |
Which region is expected to dominate the global Semiconductor Sputtering Targets Market within the forecast period? |
Segmentation Level Customization |
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Additional Qualitative Data |
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Additional Quantitative Data |
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