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Home » Physical Vapor Deposition Market
Physical Vapor Deposition Market
Physical Vapor Deposition Market
Published date: Nov 2021 •Formats:
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Global Physical Vapor Deposition Market By Category (PVD Equipment, PVD Services, and PVD Materials), By Application (Data Storage, Microelectronics, Cutting Tools, and Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

  • Published date: Nov 2021
  • Report ID: 16940
  • Number of Pages: 248
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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  • Physical Vapor Deposition Market Overview:

    The global physical vapor deposition market was worth USD 21,106.1 million in 2021. It is projected to grow at a CAGR of 6.35% between 2023 to 2032.

    The demand for Physical Vapor Deposition is expected to rise due to increased demand for thin-film coatings in decorative applications and other end-user industries like microelectronics. Lockdown restrictions led to remote work and increased demand for COVID-19. This caused a surge in demand for electronic devices such as desktops, laptops, and mobiles. Companies were able to produce more microchips which positively impacted market growth.

    Global Physical Vapor Deposition Market Scope:

    Category analysis

    The market’s largest segment, the PVD equipment, accounted for 60.1% of the total revenue in 2021. Companies that make surface coatings are working to reduce their carbon footprint. They also need environmentally friendly processes. This is only one of the numerous advantages of physical vapor deposition, which helps the market.

    In order to produce a physical vapor deposition coating, quality equipment is required. Application-specific machinery has been developed by manufacturers for big dies and broaches, ornamental coatings, and automobile components. This will increase the demand for physical vapor deposition over the forecast period.

    Manufacturers of PVD equipment have been focused on magnetron-sputtering systems. Sputtering is used to deposit various metallic films onto wafers. This includes aluminum, gold, and platinum as well as aluminum alloys and tungsten. Sputtering systems can deliver the best rate of scaleability and low-level impurity, which is likely to increase the market growth.

    In terms of revenue, the PVD services market is expected to grow by 7.03% between 2023 to 2032. Because PVD equipment can be expensive, costing companies offer PVD coating services. PVD is a skilled process that requires operators, which can be provided by coating companies. This will increase PVD service demand during the forecast period.

    physical vapor deposition market

    Application analysis

    Due to the growing demand for physical vapor deposition in packaging materials, including microelectromechanical systems in wireless and photonics applications, the microelectronics sector dominated the market and accounted for the biggest revenue share of over 38.1 % in 2021. Physical vapor deposition is projected to become more prevalent in microelectronics since PVD coatings make it possible to combine the material with several applications.

    A magnetic disc, a vital component of hard drive discs, is made via sputtering. The demand for data storage has increased as a result of rising digitalization, the development of big data and artificial intelligence, as well as the internet of things. These elements will probably lead to a rise in demand for PVD data storage.

    Drilling, threading, and end milling are among the cutting-edge applications that benefit from the PVD coating’s sharp edges. These are all fields where there might be a lot of need for a hard-cutting edge. Physical vapor deposition coatings shorten the cycle time of cutting fluid, lower its cost, and lessen wear and pick-up on cutting instruments. During the anticipated period, this is anticipated to boost the PVD market.

    PVD is the best technique for giving surgical instruments and medical equipment a tough, wear-resistant coating. The need for thin-film coatings to improve the functionality of biomaterials, bio-MEMS, and dental and ortho implants will grow throughout the projected period.

    Кеу Маrkеt Ѕеgmеntѕ

    By Category

    • PVD Equipment
    • PVD Services
    • PVD Materials

    By Application

    • Data Storage
    • Microelectronics
    • Cutting Tools
    • Solar Products
    • Medical Equipment
    • Other Applications

    Market Dynamics:

    Medical device production is expected to rise due to the rising incidence of coronavirus and increasing government spending on healthcare. Because of their biocompatibility, PVD coatings are becoming more popular as decorative coatings in medical equipment. These factors will likely increase demand for physical vapor deposition during the forecast period.

    Microelectronics is highly competitive and profitable, with a long history of growth. The growth of emerging markets such as quantum computing, AI (AI), and advanced wireless networks is projected to drive semiconductor demand, which will have a positive effect on the PVD market during the forecast period.
    Global demand for solar panels has grown due to the rapid adoption of solar power, which is increasing the renewable electricity capacity.

    The durability and corrosion resistance of solar panels is increased by using a physical vapor deposition coating. The manufacture of next-generation perovskite-crystalline silicon cells can also benefit from the use of physical vapor deposition coating, which is expected to accelerate market expansion.

    The traditional coating method of electroplating is being replaced by physical vapor deposition. It is cheaper than the former and is still widely used. Physical vapor deposition offers superior quality, advanced technology, cost reduction, and an environment-friendly approach to coatings. This means that there is a lower risk of finding substitutes.

    Regional Analysis

    The Asia Pacific dominated the market, accounting for 47.1% of the total revenue in 2021. Market growth is due to large-scale solar projects, increased use of PVD coatings on automotive engine parts, and an increase in healthcare spending that has led to a rise in medical equipment market growth.

    The recent USMCA (the United States Mexico Canada Agreement), and the push by the U.S. government to encourage domestic manufacturing will likely increase demand for PVD coatings in North America, mainly in medical equipment and microelectronics applications. The market will also be boosted by the increased use of physical-vapor deposition coatings in Mexico’s automotive industry.

    In Spain, the CAGR for PVD coatings will be 6.1% over the forecast period. Factors like a high number of hospitals, increasing prevalence of chronic diseases, higher purchasing power, and higher expectations of the population regarding healthcare will drive growth in the medical equipment market and, in turn, the PVD marketplace.

    The increasing use of renewable energy resources such as solar panels and fuel cells in India is driving demand for PVD coating. A rise in low E-glass usage in residential and commercial buildings will also drive demand for large area coatings. This will in turn increase the demand to purchase PVD equipment.

    physical vapor deposition market value regional share

    Key Regions and Countries covered іn thе rероrt:

    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Russia
      • Spain
      • Rest of Europe
    • APAC
      • China
      • Japan
      • South Korea
      • India
      • Rest of Asia-Pacific
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • MEA
      • GCC
      • South Africa
      • Israel
      • Rest of MEA

    Market Share & Key Players Analysis:

    Manufacturers of PVD equipment are working hard to develop advanced machinery that can produce more output at a lower cost and with better efficiency. Advanced Energy Industries, Inc. launched the Ascent multi-output system in 2020. It is less expensive than plasma-enhanced chemical vapor deposition systems for solar cells.

    Coating companies now offer PVD coating services through a new business model. These factors include higher costs and the need for skilled operators. The demand for PVD equipment will rise as equipment manufacturers create new systems using advanced technology.

    physical vapor deposition market company share analysis

    Маrkеt Кеу Рlауеrѕ:

    • AJA International, Inc.
    • CHA Industries
    • IHI HAUZER B.V.
    • Denton Vacuum
    • Applied Materials, Inc.
    • Intevac, Inc.
    • Angstrom Engineering, Inc.
    • OC Oerlikon Management AG
    • Advanced Energy Industries, Inc.
    • Other Key Players

    For the Physical Vapor Deposition Market research study, the following years have been considered to estimate the market size:

    AttributeReport Details

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

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    Frequently Asked Questions (FAQ)

    Q: What is the size of the Physical Vapor Deposition market in 2021?

    A: The Physical Vapor Deposition market size is US$ 21,106.1 million in 2021.

    Q: What is the projected CAGR at which the Physical Vapor Deposition market is expected to grow at?

    A: The Physical Vapor Deposition market is expected to grow at a CAGR of 6.35% (2023-2032).

    Q: List the segments encompassed in this report on the Physical Vapor Deposition market?

    A: Market.US has segmented the Physical Vapor Deposition market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Category, market has been segmented into PVD Equipment, PVD Services, and PVD Materials. By Application, the market has been further divided into Data Storage, Microelectronics, Cutting Tools, Solar Products, and Medical Equipment.

    Q: List the key industry players of the Physical Vapor Deposition market?

    A: AJA International, Inc., CHA Industries, IHI HAUZER B.V., Denton Vacuum, Applied Materials, Inc., Intevac, Inc., Angstrom Engineering, Inc., OC Oerlikon Management AG, Advanced Energy Industries, Inc., and Other Key Players engaged in the Physical Vapor Deposition market.

    Q: Which region is more appealing for vendors employed in the Physical Vapor Deposition market?

    A: APAC accounted for the highest revenue share of 47.1%. Therefore, the Physical Vapor Deposition industry in APAC is expected to garner significant business opportunities over the forecast period.

    Q: Name the key areas of business for Physical Vapor Deposition?

    A: China, Japan, India, Brazil, The US, Germany, UK, France, Italy, Spain, etc., are key areas of operation for Physical Vapor Deposition Market.

    Q: Which segment accounts for the greatest market share in the Physical Vapor Deposition industry?

    A: With respect to the Physical Vapor Deposition industry, vendors can expect to leverage greater prospective business opportunities through the PVD equipment segment, as this area of interest accounts for the largest market share.

    Physical Vapor Deposition Market
    Physical Vapor Deposition Market
    Published date: Nov 2021
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    • AJA International, Inc.
    • CHA Industries
    • IHI HAUZER B.V.
    • Denton Vacuum
    • Applied Materials, Inc.
    • Intevac, Inc.
    • Angstrom Engineering, Inc.
    • OC Oerlikon Management AG
    • Advanced Energy Industries, Inc.
    • Other Key Players
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