February 19, 2019
WELLESLEY, Mass., February 19, 2019 – Due to an expansion of industry segments such as renewable energy, energy storing, optoelectronics, transportation and construction, the global market for sputtering targets and sputtered film is expected to surpass $4 billion in the next five years.
In 2018, the global market for sputtering targets and sputtered film was worth $3.2 billion. A new report by BCC Research, “Sputtering Targets and Sputtered Films: Technology and Markets,” estimates that the market will reach a value of $4.2 billion by 2023, indicating a compound annual growth rate (CAGR) of 5.1%.
“BCC Research has followed the market for sputtering targets for 17 years, reporting on key developments related to production methods, materials, and applications for sputtering targets,” said BCC Research analyst Margareth Gagliardi in the report. “During this period the market has expanded at a healthy CAGR of 8.0% for the period 2001 through 2018. With this study BCC Research continues its commitment to monitoring the market for sputtering targets.”
Other Drivers of Sputtering Target and Sputtered Film Market
There have been several factors that have pushed the sputtering target and sputtered filmmarket to where it is today. For example, generally favorable economic conditions, newopportunities in fields such as artificial intelligence, solid-state batteries, and transparentdisplays, high levels of related R&D activities, and increasing market penetration of sputtering processes in developing countries have all played a role in getting the overall industry off the ground.
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Sputtering Targets and Sputtered Films: Technology and Markets( SMC037H )
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