Sputtering Target Market Share

North American Market Forecast

North America sputtering target market is poised to have the largest growth by the end of 2036, backed by the growing production of aircraft. For instance, the general aviation fleet was projected to have about 204,404 aircraft in the United States in 2021, a growth from the previous year. Hence, the market demand in this region growing since sputter targets is been used as a coating application in aerospace.

APAC Market Statistics

The sputtering target market in the Asia Pacific region is slated to have noteworthy expansion over the forecast period. The major factor driving the growth of the market in this region is the growing public interest in consumer electronics. Moreover, in the Asia Pacific region, the market in China is estimated to be dominating since the demand for automotive, significantly electric vehicles are high.