Copper sputtering targets are extensively used for thin film deposition in processes like physical vapor deposition. Copper thin films offer higher conductivity as compared to other metals and finds applications in semiconductor devices, display panels, data storage disks and others. Increasing usage of copper targets in manufacturing of semiconductors, ICs and microelectronics is a key driver for market growth. The global Copper Sputtering Target Market is estimated to be valued at US$ 4.26 Bn in 2024 and is expected to exhibit a CAGR of 22.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing demand for copper sputtering targets is driven by expanding applications in semiconductor manufacturing. Copper conducts electricity better than aluminum and is commonly used in making electrical connections on semiconductor wafers and integrated circuits. With rapid growth of electronics industry worldwide and ongoing miniaturization of semiconductors, the demand for copper sputtering targets is expected to proliferate significantly. Manufacturers are continuously investing in R&D to develop advanced sputtering targets with higher purity levels and uniform thin film deposition characteristics to meet stringent quality requirements of semiconductor manufacturing.
Segment Analysis
The Global Copper Sputtering Target Market Analysis is dominated by the microelectronics subsegment due to extensive usage of copper in PCBs, LSI packaging materials, gateways, and memory boards. Copper provides high conductivity which makes it an ideal material for semiconductors and electronics manufacturing. The other subsegments like photovoltaics and others are witnessing significant growth owing to increasing demand for solar energy.
Key Takeaways
The global copper sputtering target market is expected to witness high growth during the forecast period owing to rapid development of electronics industry.
Regional analysis: The Asia Pacific region currently dominates the global copper sputtering target market and is expected to maintain its dominance during the forecast period. This is attributed to presence of major electronics manufacturers in countries like China, Taiwan, South Korea and Japan. Increased electronics and semiconductor production in these countries is driving the demand for copper sputtering targets in the region.
Key players operating in the copper sputtering target market are YINYAN Model Tech MFT., Tian Yu Hi-tech Co. Ltd, Eachine, HubsanThe FAA, DroneLife, Drone business center, Inside Drones, Bard Center for the Study of the Drone.
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The Copper Sputtering Target Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the copper sputtering target market include CXMET, Honeywell Electronic Materials, JX Nippon, KFMI, KJLC, Plansee, Praxair, Sumitomo Chemical Com-pang, Tosoh and ULVAL.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Copper Sputtering Target Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/copper-sputtering-target-market/download-sampleMarket DynamicsThe increasing demand for semiconductors for consumer electronics such as smartphones, tablets, and computers around the globe is primarily driving the market growth.
However, difficulty in putting uniformly targets of complex structures and low deposition rate for some materials in sputtering target technique is likely to restrict the market growth.
Whereas, the advancement and innovation in the technology associated with the copper sputtering target by the well established and emerging manufacturers are expected to create potential opportunities over the forecast period.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
