Copper sputtering targets are circular metal discs used for thin film deposition through a physical vapor deposition technique called sputtering. Sputtered copper films are used for various applications such as integrated circuits, data storage and display devices due to copper’s high conductivity, thermal management and lower dielectric constant as compared to aluminum. The global Copper Sputtering Target Market is estimated to be valued at US$ 1.29 Bn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Emerging applications of sputtered copper films in the electronics industry such as 5G technology, artificial intelligence, wearable devices and electric vehicles are expected to drive the demand for copper sputtering targets over the forecast period. Copper offers significant advantages over traditional aluminum for advanced semiconductor devices as copper has low electrical resistivity to aid faster material transfer and better heat dissipation properties suitable for high-powered microchip technologies. This emerging trend of copper usage in cutting-edge electronics is projected to propel the copper sputtering target market.
SWOT Analysis
Strength: Copper is inexpensive and offers good conductivity making it a preferred material for sputtering. It has wide industrial applications.
Weakness: Copper sputtering targets are difficult to machine and handle compared to other materials like aluminum due to its softness. Oxidation during sputtering also affects the targets.
Opportunity: Growing demand for printed circuit boards and semiconductors from consumer electronics industry offers huge market potential for copper sputtering targets. Emerging applications in renewable energy sector also provide opportunities.
Threats: Fluctuating copper prices impact the target manufacturing costs. Substitution threat from alternative sputtering materials like aluminum.
Key Takeaways
The Global Copper Sputtering Target Market Size is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis: Asia Pacific region currently dominates the market and is expected to maintain its lead over the forecast period. Growing electronics manufacturing in China, South Korea, Taiwan and others drives the copper sputtering target demand in the region.
Key players: Key players operating in the copper sputtering target market are JX Nippon Mining, Mitsui Mining & Smelting Co. Ltd., Ultimo Technology Co. Ltd., ULVAC Technologies, Inc., KFMI Corporation, Plasmaterials Inc., Tosoh SMD Inc., Kurt J Lesker Company, Testbourne Ltd, Praxair S.T Technology, Inc. JX Nippon Mining and Mitsui Mining & Smelting currently hold a major share of the market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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