The global ytterbium sputtering target market size was valued at USD 28.4 Bn in 2021 and is anticipated to reach USD 37.2 Bn in 2028, at a CAGR of 5.2% in the projection period.
The rising need for semiconductors and displays in consumer electronics applications is responsible for the expansion of this market. Furthermore, with their expanding economies and populations, developing nations like China and India are anticipated to drive demand.
Furthermore, the market expansion of the global ytterbium sputtering target market is attributable owing to several major producers, as well as manufacturing breakthroughs that permit new variant factors and better lighting applications. It is frequently employed in industrial applications such as LCD screens, integrated circuits, and information storage. This target has been widely used for the production of YAG laser crystals or ceramics, which have a variety of uses in the manufacturing of consumer electronics and information technology, as well as semiconductor lasers and solid-state lighting.
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On the basis of the application, the global ytterbium sputtering target market is bifurcated into integrated circuits, information storage, LCD screen & laser memory. The leading market share of the global ytterbium sputtering target market was held by integrated circuits, which may be attributed to the rising need for thin-film manufacturing techniques in the semiconductor industry and for digital devices. Also, the ytterbium sputtering target provides tremendous development opportunities in optoelectronics and vapor deposition during the forecast horizon.
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Businesses in the sputtering target market are expanding their ability to produce optical film products. A manufacturer of consumable electronic materials, JX Nippon Mining & Metals, is expanding the output of sputtering targets for the optical films used to create Blu-ray Discs, DVDs, and other optical discs. The value of R&D in creating products that satisfy consumer expectations in terms of environmental resistance, refractive index, thermal conductivity, and other aspects is being recognized by stakeholders in the sputtering target market.
Innovative optical disc materials are being used in a variety of optical devices, such as optical sensors, optical films, and OLED (organic light-emitting diode) screens. Manufacturers are improving their quality-control capabilities to deliver reliable sputtering targets.
Market Key Players:
- Kurt J. Lesker Company
- American Elements
- ALB Materials
- Heeger Materials
- SCI Engineered Materials
- Princeton Scientific Corp
- Konfoong Materials International Co., Ltd.
- JX Nippon Mining & Metals Corporation
- Vacuum Engineering and Materials Co.
- Sumitomo Chemicals Co., Ltd.
- Matsurf Technologies Inc.
- Honeywell International, Inc.
- NewFlex Technology
- Fujikura
- Daeduck GDS
SEGMENTATION
By Type
- Long Target
- Square Target
- Circle Target
- Special-shaped Target
By Application
- Integrated Circuit
- Information Storage
- LCD Screen
- Laser Memory
Key Development
- Manufacturers in the sputtering target market are presenting fresh possibilities for solar applications along with semiconductors and flat panel displays. H.C. Starck Solutions, a manufacturer of high-performance metal solutions, is seizing new opportunities in the fields of photovoltaic, touch screen, and electrochromic glass by providing high-performance sputtering targets.
𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂@ https://www.extrapolate.com/Semiconductor-Electronics/ytterbium-sputtering-target-market/25672
North America region is anticipated to continue its dominance of the global ytterbium sputtering target market due to the rising demand for stuttered thin film coating owing to the accelerated implementation of high-performance electronics. The rising use of integrated circuits and other contemporary technologies such as mobile computing, the Internet of Things, and smart devices has boosted the demand for sputtering targets.
However, due to the growing population and urbanization activities, Asia Pacific is anticipated to experience the fastest growth rate over the projected period of the ytterbium sputtering target market. The demand for the global ytterbium sputtering target market is being driven by rising industrial expansion, environmental concerns, greater disposable income, and increasing use of cutting-edge technologies.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Ytterbium Sputtering Target Market
Chapter 5. Global Ytterbium Sputtering Target Market Overview, By Type, 2015 – 2028(USD Million)
Chapter 6. Global Ytterbium Sputtering Target Market Overview, By Application, 2015 – 2028(USD Million)
Chapter 7. Global Ytterbium Sputtering Target Market Overview, By Geography, 2015 – 2028(USD Million)
Chapter 8. North America Ytterbium Sputtering Target Market Overview, By Countries, 2015 – 2028(USD Million)
Chapter 9. Europe Ytterbium Sputtering Target Market Overview, By Countries, 2015 – 2028(USD Million)
Chapter 10. Asia Pacific Ytterbium Sputtering Target Market Overview, By Countries, 2015 – 2028 (USD Million)
…Continued
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