Latest News- Sputtering Equipment Market: Reactive sputtering is expected to lead the Type segment during 2024-2028

The Sputtering Equipment Market is being driven by Growth of piezoelectric MEMS

The Sputtering Equipment Market is expected to grow at a CAGR of 4.11% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 428.7 million. The semiconductor industry is experiencing a significant transformation due to the burgeoning Internet of Things (IoT) market. IoT technology relies heavily on semiconductor sensor technology for its functionality, making the importance of semiconductor inspection systems paramount in producing high-quality sensors. IoT devices enable real-time data collection, recording, and transmission between connected devices, eliminating the need for human-to-human or human-to-computer interaction. The advancements in telecommunication standards, such as 3G/4G/5G and wired communication technologies, have expedited the proliferation of IoT devices, further accentuating the significance of the semiconductor industry in this technological revolution. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Reactive sputtering
  • Magnetron sputtering
  • Co-sputtering
• Application
  • Solar energy
  • Display
  • Data storage
  • Semiconductor
  • Others
• Geography
  • APAC
    • China
    • Japan
    • South Korea
    • Taiwan
  • North America
    • US
  • Europe
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth of piezoelectric MEMS
• Increasing number of data centers
• Growing demand for FOWLP

However, the market also witnesses some limitations, which are as follows:

• Declining demand for CDs, DVDs, and Blu-ray discs
• Cyclical nature of semiconductor industry
• Availability of high number of substitutes

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Market Scope in Sputtering Equipment Market Research Report

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Research Analysis Overview

The Sputtering Equipment Market is witnessing significant growth due to the increasing demand for high purity films in various industries. High deposition rates and advanced technologies like Magnetron Sputtering are driving the market forward. Next-generation manufacturing methods, such as those used in gaming and virtual reality, require high-quality thin films for components like displays and sensors. The semiconductor industry relies heavily on sputtering equipment for the production of electrical devices and integrated circuits. In the electronics sector, advancements in Artificial Intelligence, logic, and memory segments, including Convolutional Neural Networks and Architectural logic in-memory architecture, necessitate the use of nanoscopic components produced through Wafer Fabrication and In-line sputtering systems. Aerospace, healthcare, and consumer electronics, including tablets and smartphones, also contribute to the market's growth. Applications in these industries include Piezoelectric MEMS sensors, micro electromechanical systems, and Physical Vapor Deposition for various components. Overall, the Sputtering Equipment Market is expected to continue expanding as technology advances and new applications emerge.

Market Research Overview

The global semiconductor materials and equipment market encompasses companies engaged in the production of semiconductor materials and fabrication equipment, including wafer processing, mask/reticle manufacturing, wafer manufacturing, fab facilities equipment, assembly and packaging, and test equipment. According to Technavio's market analysis, this market's size is determined by the revenue generated from the sales of these aforementioned categories. The market's expansion will be fueled by significant investments in semiconductor fabrication. The establishment of new fabrication plants is on the rise due to the escalating demand for integrated circuits (ICs) worldwide.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/