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The global magnetron sputtering systems market was valued at US$ 2.23 Bn in 2019 and expected to reach over US$ 3.23 Bn in 2028, growing at a CAGR of 6.5% during the forecast period.
Growing scope and applications of magnetron sputtering thin film deposition are driving the demand for magnetron sputtering systems market across the globe. Magnetron sputtering is a thin film deposition technology that allows the deposition of metal, alloys ceramic, and polymer on a number of substrate material. With the technological advancement in the coating processes, this process is widely used in various applications namely, metal industry, solar cells, biomedical applications, and optical & electrical components. Increasing technological advancement in product development and growing demand for high-quality functional films in various industries such as electronics, optics, and biomedical is expected to further propagate the magnetron sputtering systems market with a significant growth rate during the forecast period.