Global targets industry encompassing sputtering targets, shooting range targets and specialty industrial targets is valued at USD 4.6 billion in 2024, supported by applications in semiconductors, displays, defense, law enforcement and sports shooting. Asia Pacific leads with 46% share, driven by strong demand for sputtering targets in electronics and solar panel manufacturing, while North America and Europe dominate the defense and law enforcement training segments. Pricing is highly differentiated: semiconductor grade sputtering targets command premiums due to material purity and complex manufacturing processes, while commodity training targets remain cost sensitive and volume driven.
Targets overview
Published by MMR Statistics Research Team, Updated