The field of electron microscope requires the coating of samples for better imaging. Furthermore, the created layer is conductive in nature which enables charging and reduces the thermal damage to improve the secondary electron signals for topographic examination. Sputter Coating is one such method which involves the process of applying an ultra thin coating of electrically conductive metals such as gold, silver platinum and palladium among others. These coatings have a thickness range of 2-20 nanometers. The market is expected to grow significantly during the forecast period.
The sputter coating technology is increasingly being applied in the glass coating technology. The rising technological innovation in the glass displays is aiding to the growth of glass coating. This will indirectly drive the market for sputter coating market. Furthermore, the technological innovations in the semiconductor industry have lead to the growth of internet of things (IoT) market. Sputter Coating technology also finds it application in semiconductor industry. Hence the rising demand for IoT market is expected to drive the market for sputter coatings market significantly. In addition, there are several technologies under sputter coating which includes ion-assisted deposition which is one of the methods. This method is being used in medical implants, which is in return, pushing the demand for sputter coatings in the healthcare industry. Furthermore, the rising concern and upcoming government regulations for controlled hexavalent chrome emission is further driving the demand for sputter coating market globally.
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However, the use and application of sputter coating technology involves high expenditure which is restraining the growth of the market. In addition, proper application of sputter coating requires highly skilled technicians. These factors are expected to slow the growth of the market across all the regions.
The market is expected to witness robust growth in future. The rising demand for voice over LTE (VOLTE) services in developing regions is expected to drive the market for sputter coatings in the telecommunication industry. Moreover, the demand for improved telecommunication is expected to create the need for improved smart phones with enhanced network capabilities. With the rise in telecommunication and smart phone industry, the overall semiconductor sector is expected to grow robustly. Sputter Coating technology is an essential aspect in rising demand in the semiconductor domain and hence expected to witness a steady growth globally.
The sputter coating market can be segmented by substrate, target material, application and geography. In terms of substrate, the market can be segregated into semiconductors, insulators and metals & dielectric. Furthermore, in terms of target material, the market can be bifurcated into compounds, alloys and pure metal. The sputter coatings find their application in several areas which includes automotive, energy, defense, lighting, optical coating, healthcare, architecture, electronics and decorative coating among others.
By geography, the sputter coating market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America. North America and Europe are expected to witness steady growth at the initial stage as they are the early adapters of new technology. Furthermore, the use of sputter coatings involves high initial investment which is not available across all the regions. However, Asia Pacific region is expected to witness a strong growth in future due to the presence of developing regions like China and India.
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The sputter coating market is witnessing strong competition from the major players. Frequent mergers and acquisition among the top players is aiding to the growth of the market globally. The leading players in the market include Umicore Group, Heraeus Deutschland GmbH & Co. Kg, AJA International Inc., Mitsubishi Materials Corporation, Treibacher Industries AG, Corning Precision Materials Korea Co., Ltd., Hitachi Metals, Ltd., Intevac Inc, Soleras Advanced Coatings, Honeywell Electronics Material and Plansee among other players.
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