March 09, 2017
Wellesley, Mass., March 09, 2017 —New proprietary research by BCC Research predicts very modest growth in the global market for sputtered films and sputtering targets. Nudged by the trend toward larger sputtering targets, along with falling unit prices due to rising competition from Asian countries, the market should reach an estimated $3.2 billion in 2021, up from about $2.9 billion in 2016.
BCC Research's sputtered films and sputtering targets reports that the electronics sector (including ICs and other circuit devices, passive components and data storage devices) continues to represent a significant share of the market, at 27.9% of the total in 2016, although utilization of sputtering targets in this sector is declining.
"The lower growth rate in units compared with the higher CAGR of 6.6% for target material consumed is due to the trend toward the use of larger targets. In other words, fewer but larger targets," says Kevin Fitzgerald, BCC Research Editorial Director. "This reflects a change in the product mix related to the growth of applications such as flat panel displays, optical coatings and solar cells, as well as declining demand for small targets used in manufacturing circuit devices and data-storage media."
Miniaturization Trend Driving Growth in Thin-Film Markets
On-going miniaturization trends in electronics, optoelectronics and other industry sectors (e.g., life sciences, energy, sensors and instrumentation) are driving the growth of the thin-film industry.
"But the trend toward miniaturization is not without consequence," notes Fitzgerald. "The need to produce devices that can target mass markets and compete on price is increasing the pressure to utilize lower-cost manufacturing processes."
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Sputtering Targets and Sputtered Films: Technology and Markets( SMC037G )
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