Key Market Insights
Growing scope of magnetron sputtering driving the market growth
Growing scope and applications of magnetron sputtering thin film deposition are driving the demand for "magnetron sputtering systems market" across the globe. Magnetron sputtering is a thin film deposition technology that allows the deposition of metal, alloys ceramic, and polymer on a number of substrate material. With the technological advancement in the coating processes, this process is widely used in various applications namely, metal industry, solar cells, biomedical applications, and optical & electrical components. Increasing technological advancement in product development and growing demand for high-quality functional films in various industries such as electronics, optics, and biomedical is expected to further propagate the magnetron sputtering systems market with a significant growth rate during the forecast period.
In many industrial applications, magnetron sputtering out-performed traditional coating techniques. However, their market penetration is limited to certain niche sectors only and traditional coating technologies still capture the major share of the coating industry market. One of the main reasons for limited industry penetration is due to the high cost of sputter and other PVD coated components. As per Oerlikon Balzers Company, magnetron sputtering can add-up to the cost of tool up to 35% compared to 8% when gas nitro-carburizing treatment, it can increase the tool life up to 32 times of the uncoated tools.
Overall, the global magnetron sputtering systems market was valued at US$ 2.51 Bn in 2021 and expected to reach over US$ 4.06 Bn in 2030, growing at a CAGR of 6.5% during the forecast period.
Application Segment Analysis
Electronics & optics segment to grow on account of growth in the electronics industry
Growing utilization of electronics and optical in various industries has a high demand for thin film deposition is increasing the share of electronics and optics segment in the overall magnetron sputtering systems market. Large number of sputtering application in electronics segment such as gate dielectric, printed circuit boards, sensors, surface acoustic wave (SAW) devices and spectroscopy, laser lenses, anti-glare coatings, etc. among others in optics segment is assisting the electronics and optics segment is expected to account the major share of the market during the forecast period.
In addition, the magnetron sputtering systems are widely used in automobile & machinery, biomedical, and in the metal industry. In biomedical, the system is used for namely, angioplasty devices, anti-rejection coatings, radiation capsules, dental implants, etc. among others. In addition, in the automotive & machinery segment, magnetron sputtering is used for coating metals with thin film deposition to improve their efficiency.
Regional Analysis
Developing the electronics industry in the Asia Pacific market is increasing proficiently
The Asia Pacific captured the major share of the global magnetron sputtering systems market in 2021. Owing to a large number of electronics manufacturing companies, the region has a high demand for magnetron sputtering systems. In addition, the growing automobile and machinery industry of China, Japan, and India is further driving the regional market. Moreover, the presence of leading players of the market such as ULVAC, Inc. expected to further grow the market during the forecast period. In addition, a growing market of hybrid and electric vehicle, particularly in China, is expected to positively impact the market growth in future.
Furthermore, North America accounted for the second-largest share of the global magnetron sputtering systems market in 2019. The well-established automotive and machinery market is the major driver of the demand in the region. Also, the presence of a large number of manufacturers such as Denton Vacuum, Angstrom Engineering Inc. and Torr International, Inc. has further impacted the growth of the regional market.
Emerging partnership trend is keeping the market competitive
The overall magnetron sputtering systems market is fragmented and market players are focusing on advancement in their current product and partnership with other market players to bolster their market position. Buhler AG (Switzerland), Angstrom Engineering Inc. (Canada) and ULVAC, Inc. (Japan) are some of the leading players of the market. Following is the list of companies covered in this report.
List of Companies Covered:
Buhler AG, Denton Vacuum, Torr International Inc., Moorfield Nanotechnology Limited, Angstrom Engineering Inc., ULVAC, Inc., PREVAC SP. Z O.O., PVD Products, Inc., AJA INTERNATIONAL, Inc., SEMICORE Equipment, Inc. And Other Notable Players.
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
- The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
- The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation ofMagnetron Sputtering Systems market are as follows.
- Research and development budgets of manufacturers and government spending.
- Revenues of key companies in the market segment.
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report.
- Micro and macro environment factors that are currently influencing the Magnetron Sputtering Systems market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Product
- DC Magnetron Sputtering
- RF Magnetron Sputtering
Application
- Electronics & Optics
- Automobile & Machinery
- Biomedical
- Others (Solar Cells, Decorative & Packaging, Architectural Glass, etc.)
Region Segment (2021 - 2031; US$ Million)
- North America
- U.S.
- Canada
- Rest of North America
- UK and European Union
- UK
- Germany
- Spain
- Italy
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- Africa
- Rest of Middle East and Africa
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Magnetron Sputtering Systems market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2031.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Magnetron Sputtering Systems market?
- Which is the largest regional market for Magnetron Sputtering Systems market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Magnetron Sputtering Systems market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Magnetron Sputtering Systems market worldwide?
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Table of Contents
Companies Mentioned
Buhler AG- Denton Vacuum
- Torr International Inc.
- Moorfield Nanotechnology Limited
- Angstrom Engineering Inc.
- ULVAC, Inc.
- PREVAC SP. Z O.O.
- PVD Products, Inc.
- AJA INTERNATIONAL, Inc.
- SEMICORE Equipment, Inc.
