by The copper sputtering target market is a critical component of the semiconductor manufacturing industry. Copper targets allow for PVD deposition of ultra-thin copper layers in the production of microchips, HDDs, and other electronic components. Copper sputtering serves to provide conductive tracks that provide the wiring and circuitry within electronic devices.
The global copper sputtering target market is estimated to be valued at US$ 4.26 Bn in 2024 and is expected to exhibit a 22% CAGR over the forecast period between 2024 to 2031.
Key Takeaways
Key players operating in the copper sputtering target market are YINYAN Model Tech MFT., Tian Yu Hi-tech Co. Ltd, Eachine, Hubsan, The FAA, DroneLife, Drone business center, Inside Drones, Bard Center for the Study of the Drone. These players cater to the growing demand of sputtering targets from semiconductor fabricators and chipmakers.
Key opportunities:
Increasing demand for consumer electronics such as smartphones, laptops, and Copper Sputtering Target Market Demand opportunities. Continued digitalization and rollout of 5G networks will further drive the need for ICs. Rapid urbanization in developing nations is also augmenting the sales of consumer gadgets.
Global expansion:
Leading manufacturers are expanding their global footprint by building new production plants or acquiring regional players. For example, in 2023 Materion corporation plans to commence operations at its new sputtering target manufacturing plant in South Korea. This will help thembetter serve the surging semiconductor manufacturing activity in East Asia.
Market Drivers
The rising demand for electronic devices across the world remains the key driver propelling the Copper Sputtering Target Market Copper is extensively used in semiconductor chips that power various gadgets ranging from mobiles to electric vehicles. The exponential growth of the electronics industry directly increases the need for sputtering targets. Furthermore, ongoing trends like automated vehicles, IoT, and 5G adoption will continue bolstering the consumption of sputtering targets in the foreseeable future.
PEST Analysis
Political: Government policies on mining rights and regulation on usage of raw materials will impact the growth of copper sputtering target market.
Economic: Any fluctuations in global economy affects the semiconductor and electronics industry which in turn impacts the demand for copper sputtering targets.
Social: Rising population and urbanization drives the demand for consumer electronics like smartphones and laptops thereby increasing the requirement for copper targets in electronics manufacturing.
Technological: Advancements in miniaturization of electronic devices and increasing integration of new technologies like AI, 5G has been driving the demand for next generation semiconductors manufactured using copper sputtering targets.
Geographical regions with high market concentration
The regions of Asia Pacific especially China, Taiwan, South Korea holds major share of the global copper sputtering target market in terms of value. This is mainly due to presence of large number of electronics manufacturers and foundries in these countries. China alone accounts for more than 50% of the worldwide consumption of copper targets.
Fastest growing region
The copper sputtering target market in North America region is forecasted to witness highest CAGR during the forecast period. This growth can be attributed to rising electronics production and government investments to develop domestic semiconductor industry in countries like United States and Mexico. Establishment of manufacturing units of leading wafer fab companies will boost the demand for copper targets in this region.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
