PUBLISHER: Acute Market Reports | PRODUCT CODE: 1125201
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1125201
Key Market Insights
Growing scope and applications of magnetron sputtering thin film deposition are driving the demand for magnetron sputtering systems market across the globe. Magnetron sputtering is a thin film deposition technology that allows the deposition of metal, alloys ceramic, and polymer on a number of substrate material. With the technological advancement in the coating processes, this process is widely used in various applications namely, metal industry, solar cells, biomedical applications, and optical & electrical components. Increasing technological advancement in product development and growing demand for high-quality functional films in various industries such as electronics, optics, and biomedical is expected to further propagate the magnetron sputtering systems market with a significant growth rate during the forecast period.
In many industrial applications, magnetron sputtering out-performed traditional coating techniques. However, their market penetration is limited to certain niche sectors only and traditional coating technologies still capture the major share of the coating industry market. One of the main reasons for limited industry penetration is due to the high cost of sputter and other PVD coated components. As per Oerlikon Balzers Company, magnetron sputtering can add-up to the cost of tool up to 35% compared to 8% when gas nitro-carburizing treatment, it can increase the tool life up to 32 times of the uncoated tools.
Overall, the global magnetron sputtering systems market was valued at US$ 2.51 Bn in 2021 and expected to reach over US$ 4.06 Bn in 2030, growing at a CAGR of 6.5% during the forecast period.
Application Segment Analysis
Growing utilization of electronics and optical in various industries has a high demand for thin film deposition is increasing the share of electronics and optics segment in the overall magnetron sputtering systems market. Large number of sputtering application in electronics segment such as gate dielectric, printed circuit boards, sensors, surface acoustic wave (SAW) devices and spectroscopy, laser lenses, anti-glare coatings, etc. among others in optics segment is assisting the electronics and optics segment is expected to account the major share of the market during the forecast period.
In addition, the magnetron sputtering systems are widely used in automobile & machinery, biomedical, and in the metal industry. In biomedical, the system is used for namely, angioplasty devices, anti-rejection coatings, radiation capsules, dental implants, etc. among others. In addition, in the automotive & machinery segment, magnetron sputtering is used for coating metals with thin film deposition to improve their efficiency.
Regional Analysis
The Asia Pacific captured the major share of the global magnetron sputtering systems market in 2021. Owing to a large number of electronics manufacturing companies, the region has a high demand for magnetron sputtering systems. In addition, the growing automobile and machinery industry of China, Japan, and India is further driving the regional market. Moreover, the presence of leading players of the market such as ULVAC, Inc. expected to further grow the market during the forecast period. In addition, a growing market of hybrid and electric vehicle, particularly in China, is expected to positively impact the market growth in future.
Furthermore, North America accounted for the second-largest share of the global magnetron sputtering systems market in 2019. The well-established automotive and machinery market is the major driver of the demand in the region. Also, the presence of a large number of manufacturers such as Denton Vacuum, Angstrom Engineering Inc. and Torr International, Inc. has further impacted the growth of the regional market.
Emerging partnership trend is keeping the market competitive
The overall magnetron sputtering systems market is fragmented and market players are focusing on advancement in their current product and partnership with other market players to bolster their market position. Buhler AG (Switzerland), Angstrom Engineering Inc. (Canada) and ULVAC, Inc. (Japan) are some of the leading players of the market. Following is the list of companies covered in this report.
List of Companies Covered:
Buhler AG
Denton Vacuum
Torr International Inc.
Moorfield Nanotechnology Limited
Angstrom Engineering Inc.
ULVAC, Inc.
PREVAC SP. Z O.O.
PVD Products, Inc.
AJA INTERNATIONAL, Inc.
SEMICORE Equipment, Inc.
Historical & Forecast Period:
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Magnetron Sputtering Systems market are as follows:
Micro and macro environment factors that are currently influencing the Magnetron Sputtering Systems market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
Research Period 2020-2030
Base Year 2021
Forecast Period 2022-2030
Historical Year 2020
Unit USD Billion
Segmentation
Product Type
DC Magnetron Sputtering
RF Magnetron Sputtering
Application
Electronics & Optics
Automobile & Machinery
Biomedical
Others (Solar Cells, Decorative & Packaging, Architectural Glass, etc.)
Region Segment (2020-2030; US$ Billion)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Billion )
Pre COVID-19 situation
Post COVID-19 situation
Key questions answered in this report: