Global Smart Speaker Market Decline Continues

Sputtering target revenues are set to reach ~$1.82B in 2026, led by strong copper growth amid rising demand and tightening supply conditions.

TechInsights reports sputtering target revenues are forecasted to increase +11.5% (excluding precious metals) and +18% overall in 2026, reaching approximately $1.82B. Over 2025–2030, the market is projected to grow at a +8.8% CAGR, approaching $2.4B. Copper is expected to lead growth with a CAGR above 10%, driven by both rising demand and higher material costs, while tungsten pricing continues to climb amid tightening supply conditions in China. Precious metals remain volatile but are expected to moderate to lower single-digit growth beginning in 2028 according to the 2025–2026 Critical Materials Report™ on Sputtering Targets.