Sputtering Equipment Market - Market Drivers and Forecasts, Reports Technavio

Technavio has published a new report on the global sputtering equipment market from 2017-2021. (Photo: Business Wire)

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LONDON--()--Technavio analysts forecast the global sputtering equipment market to grow at a CAGR of almost 4% during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of the global sputtering equipment market for 2017-2021. To calculate the market size, Technavio analysts consider the revenue generated from top 4 vendors along with the historical trend. It excludes shipments and replacement or aftermarket services.

Sputter deposition is an essential step of semiconductor manufacturing. It is extensively used to deposit thin films of different materials used in IC processing on a substrate. The wafer, which is commonly called the substrate, gets coated with a thin film during the sputtering process. Anti-reflection coatings on glass are also done using the sputtering process. It is also used to deposit thin layers of silver and metal oxide like zinc oxide, tin oxide, or titanium dioxide on the substrate.

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Technavio hardware and semiconductor analysts highlight the following three factors that are contributing to the growth of the global sputtering equipment market:

Increased use of electronic semiconductor devices

Semiconductor devices use the electronic properties of semiconductor materials like silicon and germanium. These devices are increasingly being used in innovative devices such as smartphones, tablets, electric cars, wearable devices, smart air conditioners, and aircraft. With the growing demand for digitization and Internet of Things, the demand for semiconductor products is also rising.

Sunil Kumar Singh, a lead semiconductor equipment research analyst at Technavio, says, “IoT is a major driving factor for sensors, actuators, and computing devices. Semiconductor devices are also being used in industrial applications like airborne enhanced vision systems, spectrometry, gas leak detection systems, fire detection, and nondestructive testing systems.”

Consumer electronics driving semiconductor equipment industry

Consumers are increasingly spending on electronic devices, which are both affordable and easily available. Mobile connected devices (like smartphones and tablets) have led to the demand for consumer portables such as notebooks, netbooks, camcorders, and digital cameras. As users become increasingly reliant on these smart devices, the market for consumer electronic devices will grow rapidly. In 2016, the smartphone market experienced a massive rise.

The demand for improved functionality of smart devices requires a high level of integration. The ICs used in the smart devices undergo a fabrication process that uses the sputtering equipment,” adds Sunil.

Increased demand for miniaturized ICs

Miniaturized products are increasingly being used in mobile applications. They are also used in other autonomous systems that use electronic devices manufactured using the latest technology. Currently, semiconductors with circuit line widths in the range of 0-20 nm range are used in electronic devices.

However, ultra-miniature circuits having line widths in the range of 0-10 nm will be introduced during the forecast period. This will meet the increasing demand for compact electronic devices in sectors such as telecommunication, automotive, industrial manufacturing, and healthcare.

Top vendors:

  • Applied Materials
  • Canon Anelva Corporation
  • Oerlikon
  • ULVAC Technologies

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio analysts forecast the global sputtering equipment market to grow at a CAGR of almost 4% during the forecast period, according to their latest report.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com