Market Overview:
The global IGZO (indium gallium zinc oxide) sputtering targets market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for flat panel displays and solar energy applications. In terms of type, the planar target segment is expected to lead the global IGZO (indium gallium zinc oxide) sputtering targets market during the forecast period. This can be attributed to its high deposition rate and low cost as compared to other types of targets. In terms of application, flat panel display is expected to lead the global IGZO (indium gallium zinc oxide) sputtering targets market during the forecast period owing to its growing demand from various end-use industries such as consumer electronics, automotive, and healthcare.
 Sputtering Targets Industry Outlook.svg)
Product Definition:
IGZO (Indium Gallium Zinc Oxide) Sputtering Targets is a material that can be used to make thin film transistors. It is important because it can be used to make displays that are more power efficient and have a higher resolution.
Planar Target:
The global planar target market size was valued at USD 31.5 million in 2015 and is expected to witness significant growth over the forecast period owing to its rising demand in sputtering targets for thin-film electronics applications.
Rotary Target:
Rotary target is a device used for sputtering thin-film materials such as ITO, Al2O3, and SiC. It consists of an inner core made up of stainless steel with a magnetic field applied around it. The material to be coated is placed on the surface of the target and then magnetron sputtering system is used to produce thin films by using Ar gas flow as plasma.
Application Insights:
The flat panel display application segment accounted for the largest market share of over 30% in 2017. The rising demand for large screen televisions, monitors and panels is expected to drive the product demand over the forecast period. Furthermore, increasing production of electronic devices is further anticipated to propel industry growth during the forecast period.
Solar energy application is projected to witness significant growth with a CAGR exceeding 15% from 2018 to 2030 owing to increasing government initiatives and support for renewable energy generation across various countries including India, China, U.S., Germany etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing demand for advanced technology products. The regional market is characterized by presence of key manufacturers such as Samsung Electronics Co., Ltd, Sony Corporation, LG Display Co., Ltd and others. Increasing production of display devices in this region coupled with growing demand from end-use industries such as electronics, automotive and solar energy is anticipated to drive the industry growth in Asia Pacific region.
North America accounted for a significant share in 2016 due to high production volume of electronic devices including laptops and mobile phones driven by increased consumer spending on these products along with growing adoption rate for new technologies across various sectors such as aerospace & defense, renewable energy etc. In addition, presence of numerous research organizations engaged in developing novel semiconductor materials will boost industry expansion over next eight years.
Growth Factors:
- Increasing demand for flat panel displays from consumer electronics and automotive industries
- Rising demand for transparent electrodes in display and solar applications
- Growing adoption of IGZO technology in touch panels and sensors
- Proliferation of next-generation devices such as foldable displays and 3D sensors
- Technological advancements that improve the performance of IGZO sputtering targets
Scope Of The Report
Report Attributes
Report Details
Report Title
IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Research Report
By Type
Planar Target, Rotary Target
By Application
Flat Panel Display, Solar Energy, Others
By Companies
Mitsui Mining & Smelting, Samsung Corning Advanced Glass, Ulvac, Inc., Advanced Nano Products Co., Ltd, American Elements
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Report Segments:
The global IGZO (Indium Gallium Zinc Oxide) Sputtering Targets market is segmented on the basis of:
Types
Planar Target, Rotary Target
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Flat Panel Display, Solar Energy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mitsui Mining & Smelting
- Samsung Corning Advanced Glass
- Ulvac, Inc.
- Advanced Nano Products Co., Ltd
- American Elements
 Sputtering Targets Market Overview.svg)
Highlights of The IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Planar Target
- Rotary Target
- By Application:
- Flat Panel Display
- Solar Energy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Sputtering Targets Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IGZO targets are made of indium gallium zinc oxide (IGZO) material. IGZO is a type of semiconductor that can be used in displays, solar cells, and other electronic devices. IGZO targets are used to produce thin films by sputtering deposition.
Some of the major players in the igzo (indium gallium zinc oxide) sputtering targets market are Mitsui Mining & Smelting, Samsung Corning Advanced Glass, Ulvac, Inc., Advanced Nano Products Co., Ltd, American Elements.
The igzo (indium gallium zinc oxide) sputtering targets market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market - Supply Chain
4.5. Global IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Forecast
4.5.1. IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size (000 Units) and Y-o-Y Growth
4.5.3. IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Absolute $ Opportunity
5. Global IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Type
5.3.1. Planar Target
5.3.2. Rotary Target
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Application
6.3.1. Flat Panel Display
6.3.2. Solar Energy
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Demand Share Forecast, 2019-2026
9. North America IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Application
9.4.1. Flat Panel Display
9.4.2. Solar Energy
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Type
9.7.1. Planar Target
9.7.2. Rotary Target
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Demand Share Forecast, 2019-2026
10. Latin America IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Application
10.4.1. Flat Panel Display
10.4.2. Solar Energy
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Type
10.7.1. Planar Target
10.7.2. Rotary Target
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Demand Share Forecast, 2019-2026
11. Europe IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Application
11.4.1. Flat Panel Display
11.4.2. Solar Energy
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe IGZO (Indium Gallium inc Oxide) Sputtering Targets Market Size and Volume Forecast by Type
11.7.1. Planar Target
11.7.2. Rotary Target
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Demand Share, 2019-2026
12. Asia Pacific IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Application
12.4.1. Flat Panel Display
12.4.2. Solar Energy
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Type
12.7.1. Planar Target
12.7.2. Rotary Target
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Demand Share, 2019-2026
13. Middle East & Africa IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Application
13.4.1. Flat Panel Display
13.4.2. Solar Energy
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market Size and Volume Forecast by Type
13.7.1. Planar Target
13.7.2. Rotary Target
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Demand Share, 2019-2026
14. Competition Landscape
14.1. Global IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market: Market Share Analysis
14.2. IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Distributors and Customers
14.3. IGZO (Indium Gallium Zinc Oxide) Sputtering Targets Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mitsui Mining & Smelting
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Samsung Corning Advanced Glass
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ulvac, Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Advanced Nano Products Co., Ltd
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. American Elements
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
