Chemicals
Sputter Coater Market Will Leverage Demand From The Electronics and Semiconductor Industry
The sputter coater market’s growth will be highly dependent on the electronics and semiconductor industry. Sputtering is a highly sustainable technique used in electronic products that require metallic coating ranging from 3 to 5 micrometers. One of the prime examples of sputter coating is in the metallic layering of the electron microscope. Owing to the growth in the electronics industry, the process of sputtering has witnessed tremendous innovations including graphene oxide sputtering, magnetron sputtering, and others. With the increased usage of smartphones and computer systems across the world, the sputter coater market has observed considerable growth. The sputter coater market has been observed to grow with a CAGR of 5.23% during the forecast period 2019-2025. In 2018, the market assembled a revenue of $5.3 billion.
Sputter Coater Market: Leading Segment is Electronics
On the basis of end-use industry, the sputter coater market can be segmented into automotive, electronics, semiconductor, institutes, and others. The market’s leading segment has been evaluated to be electronics. During the forecast period 2019-2025, the electronics segment is expected to grow with a CAGR of 6.24%. This can be attributed to various reasons such as the increase in the Internet of Things technology and customer preference for gorilla glass in cellphones and other electronic components.
Sputter Coater Market: Leading Region is North America
On the basis of geography, the market can be segmented into North America, South America, Europe, APAC, and EMEA. According to IndustryARC’s analysis, North America has emerged as the most profitable region in the market. In 2018, the North American region held a 38% share of the total revenue earned by the market globally. North American countries including the USA and Canada are ahead comparatively in terms of adapting technology.
The sputter coater market will also gain demand from the APAC region. China and India are emerging as competitive countries in the market.
Sputter Coater Market: Competitive Landscape
Key companies holding major shares in the market are Materion, ULVAC, JX Nippon Mining & Metal, Heraeus, Honeywell, Umicore, Praxair, Tosoh SMD, Soleras Advanced Coatings, China Rare Metal Material, and Jiangyin Entret Coating Technology.
