Sputtering Target Product Market Report: Trends, Forecast and Competitive Analysis to 2030

Sputtering Target Product Trends and Forecast

The future of the global sputtering target product market looks promising with opportunities in the semiconductor, solar energy, flat panel display, automotive, medical, and telecommunication markets. The global sputtering target product market is expected to reach an estimated $6.1 billion by 2030 with a CAGR of 1.2% from 2024 to 2030. The major drivers for this market are growing demand for transparent conductive films in solar cells, better sputter targets made of transition metal alloys are utilized to create organic light-emitting diodes and thin-film batteries, and rising demand for flat-panel displays and semiconductor devices because of their popularity among consumers.

A more than 150-page report is developed to help in your business decisions.

Sputtering Target Product by Segment

The study includes a forecast for the global sputtering target product by type, application, and region.

Sputtering Target Product Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Metal Material
• Alloy Material
• Ceramic Material

Sputtering Target Product Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Semiconductor
• Solar Energy
• Flat Panel Display
• Automotive
• Medical
• Telecommmunications

Sputtering Target Product Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Sputtering Target Product Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sputtering target product companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sputtering target product companies profiled in this report include-

• JX Nippon Mining & Metals
• Praxair
• Plansee
• Mitsui Mining & Smelting
• Hitachi Metals
• Honeywell
• Sumitomo Chemical
• Materion
• Ningbo Jiangfeng
• Heesung

Sputtering Target Product Market Insights

Lucintel forecasts that metal material will remain the largest segment over the forecast period because of its wide range of applications in electronics, semiconductor and solar industries.

North America will remain the largest region over the forecast period because of increasing demand for consumer electronics products, and growing number of coating applications of the materials in the automotive and aerospace & defense industries in the region.

Features of the Global Sputtering Target Product Market

Market Size Estimates: Sputtering target product market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Sputtering target product market size by type, application, and region in terms of value ($B).

Regional Analysis: Sputtering target product market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the sputtering target product market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sputtering target product market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the sputtering target product market size?

Answer: The global sputtering target product market is expected to reach an estimated $6.1 billion by 2030.

Q.2 What is the growth forecast for sputtering target product market?

Answer: The global sputtering target product market is expected to grow with a CAGR of 1.2% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the sputtering target product market?

Answer: The major drivers for this market are growing demand for transparent conductive films in solar cells, better sputter targets made of transition metal alloys are utilized to create organic light-emitting diodes and thin-film batteries, and rising demand for flat-panel displays and semiconductor devices because of their popularity among consumers.

Q4. What are the major segments for sputtering target product market?

Answer: The future of the global sputtering target product market looks promising with opportunities in the semiconductor, solar energy, flat panel display, automotive, medical, and telecommunication markets.

Q5. Who are the key sputtering target product market companies?

Answer: Some of the key sputtering target product companies are as follows:

• JX Nippon Mining & Metals
• Praxair
• Plansee
• Mitsui Mining & Smelting
• Hitachi Metals
• Honeywell
• Sumitomo Chemical
• Materion
• Ningbo Jiangfeng
• Heesung

Q6. Which sputtering target product market segment will be the largest in future?

Answer: Lucintel forecasts that metal material will remain the largest segment over the forecast period because of its wide range of applications in electronics, semiconductor and solar industries.

Q7. In sputtering target product market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period because of increasing demand for consumer electronics products, and growing number of coating applications of the materials in the automotive and aerospace & defense industries in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the sputtering target product market by type (metal material, alloy material, and ceramic material), application (semiconductor, solar energy, flat panel display, automotive, medical, and telecommunication), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?