Global Sputtering Equipment Market 2019-2023| Industry Analysis and Forecast| Technavio
LONDON--(BUSINESS WIRE)--Dec 5, 2018--Technavio’s global sputtering equipment market research report projects the market to grow at a CAGR of around 5% during the forecast period.
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Technavio has released a new market research report on the global sputtering equipment market for the period 2019-2023 (Graphic: Business Wire)
The emerging applications for sputtering equipment will be one of the major trends in the during 2019-2023. The applications of sputtering equipment in solar energy, semiconductor, data storage, and display are driving the growth of the global sputtering market. The availability of highly efficient coating equipment is fueling the increase in the implementation of sputtering equipment. This helps the manufacturers in speeding up the coating mechanism on their product that leads to increased production efficiency.
According to Technavio analysts, one of the key drivers for the global sputtering equipment market is the growing demand for FOWLP:
Global sputtering equipment market: Growing demand for FOWLP
The FOWLP solutions are usually used during the manufacturing process of ICs, which are integrated into an electronic device at the packaging level. IC fabrication and testing are done at the wafer level. This helps in reducing the cost of manufacturing, ensuring strong interconnections, and attaining high levels of IC production to meet the growing demand.
According to a senior analyst at Technavio for research on semiconductor equipment, “The factors boosting the demand for wafer-level packaging technology are the increase in the I/O density for a given semiconductor device in addition to supporting smaller-packaged die sizes, thereby reducing the amount of space the integrated circuit content occupies in handheld consumer electronic products such as smartphones, wearables, and loT devices.”
Global sputtering equipment market: Segmentation analysis
This global sputtering equipment market analysis report provides market segmentation by application (semiconductor, solar energy, display, data storage, and others) and by region (the Americas, APAC, and EMEA). This report also provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the four major applications, the semiconductor segment held the largest sputtering equipment market share in 2018, contributing to over 68% of the market. This application segment will dominate the global market throughout the forecast period.
The APAC region held the largest share of the market in 2018, accounting for close to 64% share. It was followed by the Americas and EMEA respectively. The APAC region is expected to dominate the market throughout the period 2019-2023.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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SOURCE: Technavio Research
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PUB: 12/05/2018 02:23 PM/DISC: 12/05/2018 02:23 PM