Copper Sputtering Target Market is Driven by Extensive Use of Copper in Semiconductor Manufacturing
The copper sputtering target market has been gaining significant traction over the recent years owing to extensive use of copper in semiconductor manufacturing. Copper is extensively used in semiconductor manufacturing applications such as printed circuit boards, integrated circuits, and data storage devices due to its high conductivity. It helps reduce power consumption and increase the speed of electronic devices. As the demand for electronics with advanced features continues to rise, the need for highly conductive materials like copper for semiconductor manufacturing is also growing substantially.
The Global Copper Sputtering Target Market is estimated to be valued at US$ 4.26 Bn in 2024 and is expected to exhibit a CAGR of 22% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the Copper Sputtering Target market are YINYAN Model Tech MFT., Tian Yu Hi-tech Co. Ltd, Eachine, HubsanThe FAA, DroneLife, Drone business center, Inside Drones, Bard Center for the Study of the Drone.
The growing demand for consumer electronics such as smartphones, laptops, gaming consoles etc. is fueling the demand for ICs which is driving the Copper Sputtering Target Market Demand Major players in the market are focusing on expanding their global footprint especially in emerging economies of Asia Pacific and Latin America to tap the potential opportunities.
Market Drivers
The extensive use of copper in semiconductor manufacturing is one of the key drivers of the copper sputtering target market. Copper is largely replacing aluminum in semiconductor manufacturing due to its superior electrical conductivity. This allows miniaturization of circuits and improves device performance. As demand for consumer electronic devices continues to rise globally with growing digitization, the need for more compact and high-powered semiconductors is also increasing substantially. This rising demand from the semiconductor industry is expected to boost the copper sputtering target market significantly over the forecast period.
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