The Global Sputtering Equipment Cathode Market is expected to Reach USD 1.8 Billion by 2029 End

  • 30 Jul 2019

The Global Sputtering Equipment Cathode Market is expected to reach USD 1.8 billion by 2029 end and is expected to register a CAGR of over 4.5% during the forecast period 2019 to 2029.

There has been a significant rise in the applications of sputter coatings in the semiconductor industry which has resulted in the augmentation of the market. High demand for fuel cells, especially in the U.S, along with an expanded production capacity of fuel cell manufacturers has increased the demand for sputtering equipment cathode. With advancements in VLSI technology, the requirement for silicon wafer will increase which shall positively influence the sputtering equipment cathode market

Insights on Global Sputtering Equipment Cathode Market:

By Region

  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa

Asia Pacific region dominates the market owing to a growing semiconductor production industry in India, China, Taiwan and South Korea. Additionally, PVD coatings are widely used for the production of medical equipment and solar PVs which shall boost the market further. China, in particular, is anticipated to showcase high production numbers for the automotive industry which indirectly assists the sputtering equipment cathode market to grow significantly as the automotive industry uses multiple components that are coated using sputtering equipment. Moreover, the country leads in the production of electric vehicles as well which will augment the market further.

The European region is predicted to exhibit surge in demand for sputtering equipment over the forecast period and this is due to the extensive demand for PVD coatings in a variety of applications like medical equipment and surgical tools. Additionally, it is an efficient substitute for traditional coating methods, due to the ban on chromium that was imposed by the European Commission, thereby proliferating the market growth further.

By Type

  • Circular Cathode
  • Linear Cathode

The circular cathode segment dominates the market owing to the intricate designs through the rotating target tube surface. Furthermore, it provides enhanced arc rates, high power density and most importantly, it has a low initial cost. The circular cathode is prominently used for coatings materials that are sensitive to temperature changes thus driving the market growth further.

Competitive Landscape:

  • Tier 1 players- established companies in the market with a major market share  
  • Tier 2 players 
  • Emerging players which are growing rapidly 
  • New Entrants

Key Market Players:

  • Parker Chomerics
  • ECG Enterprises
  • Insulfab Inc.
  • Neptco Inc.

FutureWise Key Takeaways:

  • The huge demand for semiconductors across multiple industries shall assist the sputtering equipment cathode to grow significantly
  • The automotive industry, in particular, is growing at an accelerating rate which shall boost the market extensively

Objectives of the Study:

  • To provide with an exhaustive analysis on the sputtering equipment cathode market by region, by type
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions (along with countries)— Asia Pacific, Europe, North America, Latin America and Middle East & Africa
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 

 

Get unlimited analyst support and customise this study further to your requirements, contact sales@futurewiseresearch.com