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Global Sputtering Equipment Market 2019-2023 | Growing Investments in Data Centers to Boost Growth | Technavio

Technavio has announced its latest market research report titled global sputtering equipment market 2019-2023 (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--

The global sputtering equipment market is expected to post a CAGR of almost 5% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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The increasing use of piezoelectric MEMS will boost the growth of the sputtering equipment market during the forecast period. Many industries such as automotive, industrial sectors, aerospace and defense, healthcare, and consumer electronics are adopting thin-film piezoelectric MEMS. Piezoelectric MEMS are used in the development of micromachined piezoelectric devices. The growing use of piezoelectric MEMS is driving the demand for sputtering equipment as they are used in the development of MEMS sensors.

To learn more about the global trends impacting the future of market research, download free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30391

As per Technavio, the emerging applications of sputtering equipment, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Sputtering Equipment Market: Emerging Applications of Sputtering Equipment

With the growing demand and adoption of highly efficient coating equipment, the implementation of sputtering equipment is increasing. This is because the sputtering equipment helps manufacturers in boosting the production efficiency of their products by speeding up the coating mechanism. As a result, the sputtering equipment is extensively used in architectural glasses, cosmetic, and aerospace and defense industries. Thus, with the increasing application of sputtering equipment, the market for sputtering equipment is expected to showcase a positive outlook during the forecast period.

“Apart from the emerging applications of sputtering equipment, the growth through strategic collaborations and acquisitions and growing investments in data centers are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Sputtering Equipment Market: Segmentation Analysis

This market research report segments the global sputtering equipment market by application segmentation (semiconductor, solar energy, display, data storage, and others) and geographical regions (the Americas, APAC, and EMEA).

The APAC region led the market in 2018, followed by the Americas and EMEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the presence of a large number of OEMs and the growing adoption of sputtering equipment for manufacturing semiconductor devices.

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. Request a free sample report

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191101005027/en/