Sputter Coater Market and Its Key Opportunities and Challenges

Sputter Coater Market and Its Key Opportunities and Challenges

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Sputter Coater Market by Substrate Type (Metal, Glass, Semiconductor), Target Type (Metal, Compound), End-Use Industry (Automotive, Electronics & Semiconductor, Institutes), and Region (North America, EU, APAC, South America, MEA)

Sputter coaters are mainly used as coating systems in several applications in the electronics & semiconductor industry. These applications include microelectronics, semiconductors, flat panel displays, touchscreens, thin-film batteries for smartphones, computer hard discs, disc drives, CDs, photovoltaics, and optical devices. The market for sputter coaters is growing, owing to their increased use in various applications and due to the increased industrialization. Sputter coaters are used to provide antireflective/anti-glare optical coatings for achromatic lenses, laser lenses, optical fibers, and other optics for cable communication. The growing telecommunication market is expected to drive the demand for optics, thereby increasing the consumption of sputter coaters during the forecast period. The sputter coater market is projected to reach USD 804.2 million by 2022, at a CAGR of 6.2% between 2017 and 2022.

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Sputter coaters are extensively used in the production of electronic products, such as liquid crystal displays (LCDs), optical media, magnetic media, semiconductors, touchscreens, through Silicon Via (TSV) chip interconnection, displays, OLED barriers, superconducting cables, and sensors. With the growing application of sputter coaters in LCDs, the use of LCD panels is expected to increase, especially in office automation and home electric appliances. This is expected to drive the sputter coater market globally.

Biologicals and plastics other substrate type sputter coaters grew at the highest CAGR in 2016, and the trend is expected to continue during the forecast period. Plastic is the most versatile material available at a low price and finds application in different industries such as consumer electronics, displays, and automotive. Moreover, sputter coaters in which textiles are used as a substrate are used in industries, such as automotive in several applications ranging from making them (textiles) antimicrobial to conductive. Sputter coaters where ceramics and biologicals are used as substrates are also in demand.  Ceramic substrate type sputter coaters make ceramic substrates thermal and electrical insulators can be easily used in end-use industries, such as electronics. Biologicals substrate type sputter coaters help in making biological specimens conductive to be analyzed through electron microscopy for research and development purposes, which was otherwise not possible due to their non-conductive nature.

Metal target type sputter coaters grew at the highest CAGR in 2016, and this trend is expected to continue during the forecast period. Metal targets are mostly used as fundamental coating materials for sputtering, as they are considered pure materials. This is one of the main reasons driving the metal target type sputter coater market. Some of the common metal targets used in sputter coaters are gold, silver, palladium, aluminum, and copper. Sputter coaters having metal targets are used in a wide range of applications, such as electron microscopy, semiconductors, optical communications devices, flat panel displays, and magnetic & memory elements.  

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Asia Pacific is the fastest-growing market for sputter coaters, followed by North America. Currently, the global electronics and LCD display market is led by China, Japan, and South Korea in terms of production and revenue. The low manufacturing cost due to government incentives has encouraged electronics-producing companies of different regions to establish their plants in APAC countries. This has increased the electronics production in APAC, which is projected to drive the demand for sputter coaters in the region between 2017 and 2022.

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