The global Copper Sputtering Target Market Growth Accelerated by Increasing Adoption in Microelectronics Industry

 

Copper sputtering targets are used extensively in fabricating microelectronic devices to deposit thin copper layers. They are used in applications such as data storage, read/write heads, integrated circuits, and flat panel displays. Copper sputtering targets offer high conductivity, controlled grain structure, low impurity levels, and uniform thickness. Growth in electronics manufacturing, increasing penetration of consumer electronics, and growing demand for advanced microelectronic devices have been driving demand for copper sputtering targets. Rapid growth in data centers and increasing use of semiconductors in various industries have also boosted adoption of copper sputtering targets in microelectronics manufacturing. 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:
Increasing adoption of copper sputtering targets in the microelectronics industry has been a major trend driving the market. Copper sputtering targets are predominantly used for deposition of thin copper layers in the fabrication of semiconductor devices, flat panel displays and other microelectronic components. Adoption of copper sputtering targets is increasing at a rapid pace owing to growth in end use industries such as consumer electronics, automotive electronics, data storage devices and display manufacturing. Rapid advances in technologies such as 5G, artificial intelligence, internet of things and cloud computing have spurred demand for semiconductors. This has led to greater consumption of copper sputtering targets in the microelectronics supply chain worldwide.

Segment Analysis

The global copper sputtering target market is dominated by the semiconductor sub-segment. Over 60% of global copper sputtering target consumption comes from the semiconductor industry for manufacturing microchips and integrated circuits. Copper is extensively used as a substitute for aluminum in semiconductor manufacturing as it helps reduce resistance and enables faster signal transmission in chips.

Key Takeaways

The Global Copper Sputtering Target Market Size is expected to witness high growth. The market size is projected to reach US$ 6.23 Bn by 2030, expanding at a CAGR of 7.8% during the forecast period.

Regional analysis

The Asia Pacific region currently dominates the global copper sputtering target market with a share of over 50% in 2023. Countries such as China, South Korea, and Taiwan are major manufacturing hubs for semiconductors and electronics. The rapidly growing electronics and semiconductor industries in these countries drive the demand for copper sputtering targets 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 is currently the global market leader with over 20% share owing to its strong distribution network and economies of scale in copper target manufacturing.

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