Physical Vapor Deposition Market
Physical Vapor Deposition Market (Category: PVD Equipment, PVD Services, and PVD Materials; Application: Microelectronics, Data Storage, Solar Products, Medical Equipment, Cutting Tools, Architectural Glasses, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
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Global Physical Vapor Deposition Market: Snapshot
Physical vapor deposition (PVD) is a vacuum coating process in which the surfaces of various products such as microelectronics, cutting tools, storage devices, medical equipment, solar products, etc. are coated with materials to form a thin protective film. Manufacturers are increasingly giving preference to PVD coating over conventional coating techniques due to the environment-friendly properties of the PVD process along with other operational benefits. Furthermore, companies are adopting innovative technologies in order to differentiate their products in an increasingly competitive market scenario.
The global physical vapor deposition market has been boosted by a number of drivers such as the rising demand from the electronics industry, which has adopted physical vapor deposition on a large scale. The growing demand for microelectronics in a number of application areas such as the automotive industry is also vital for the physical vapor deposition market. The global physical vapor deposition market is anticipated to grow at a fast CAGR of more than 8% during the forecast period.
According to Transparency Market Research, the global physical vapor deposition market was valued at US$ 19,248.2 Mn in 2018 and is projected to reach US$ 40,110.4 Mn by 2027 at a CAGR of 8.5% from 2019 to 2027.
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PVD Equipment Likely to Dominate Global Physical Vapor Deposition Market
The global physical vapor deposition market can be segmented based on category, applications, and region. On the basis of category the physical vapor deposition market is segmented into PVD equipment, PVD services, and PVD materials. PVD equipment mainly comprises vacuum, heating, condensation, and coating equipment. PVD equipment dominated the global market in terms of revenue in 2018. The market revenue share of PVD equipment stood at above 50% in 2018 and is expected to experience significant growth in the coming years. PVD services include installation of equipment and coating services. Growth in end-use industries such as microelectronics and solar is projected to drive the PVD services market. PVD services is estimated to emerge as the fastest growing segment during the forecast period. PVD materials include various raw materials such as titanium, aluminum and nitrogen.
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Physical vapor deposition is used for a broad range of applications such as microelectronics, data storage, solar products, medical equipment, cutting tools, architectural glasses, and others. Microelectronics is one of the leading application segments for physical vapor deposition (PVD) and held more than 40% of the global physical vapor deposition market in 2018. Rapid expansion of the microelectronics segment has thus been a major factor driving the PVD market.
Demand for PVD for cutting tools applications is projected to increase at the fastest rate during the forecast period. PVD coatings are widely employed on cutting tools in order to provide excellent wear resistance, advanced oxidation resistance, increased cutting speed and feed rate, etc.
Asia Pacific Likely to Dominate Global Physical Vapor Deposition Market
Asia Pacific held the largest market for physical vapor deposition, with a share of more than 40% in global figures in 2018. China, India, and Japan are expected to dominate the demand for physical vapor deposition in Asia Pacific. North America constituted the second-largest market for physical vapor deposition in 2018. Growing use of PVD in microelectronics application is likely to boost demand from the physical vapor deposition market in North America. Following North America, Europe accounted for more than 19.0% of the total market revenue in 2018. Demand for physical vapor deposition is comparatively low in Latin America, the Middle East, and Africa. However, rise in demand for PVD in manufacturing of architectural glass and low-e glass is anticipated to provide lucrative opportunity for PVD in the Middle East and Africa during the forecast period.
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Key Players in the Global Physical Vapor Deposition Market
Key manufacturers in the physical vapor deposition market are
- Platit AG
- Mustang Vacuum Systems
- Oerlikon Balzers
- Veeco Instruments Inc.
- Applied Materials, Inc.
- ULVAC Inc.
- Semicore Equipment, Inc.
- HEF USA
- Singulus Technologies AG
- IHI Corporation
- Silfex Inc. (Lam Research Corp.)
- Buhler AG.
Key Developments in the Global Physical Vapor Deposition Market
- In November 2019, Praxair S.T. Technology, Inc. announced that PG Technologies had opened a new advanced coating facility in Singapore. PG Technologies is a joint venture between Praxair Surface Technologies, Inc., a Linde company, and GE Aviation, and specializes in advanced coatings that enable jet engines to withstand higher temperatures and stresses. The facility contains PG Technologies’ latest electron beam physical vapor deposition (EBPVD) coater as well as other coating processes.
Physical Vapor Deposition Market – Scope of the Report
Transparency Market Research’s recent report on the global physical vapor deposition market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the global physical vapor deposition market analyzes the market scenario for the period from 2018 to 2027, wherein 2018 is the base year. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.
This TMR study on the global physical vapor deposition market also provides data on developments made by important players and stakeholders operating in the market, along with competition analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with market trends and restraints in the competition landscape section.
This study also discusses the underlying trends and the impact of various factors on the global physical vapor deposition market along with their influence on evolution of the market
This study also offers Porter’s five forces analysis, value chain analysis, and regulatory scenario of the global physical vapor deposition market, in order to elaborate crucial growth strategies of and opportunities for players operating in the market
Key Questions Answered in Global Physical Vapor Deposition Market Report
- How much value does the global physical vapor deposition market is expected to reach by the end of the forecast period?
- Which segment currently account for the maximum share of the global physical vapor deposition market?
- What are the key factors expected to drive the global physical vapor deposition market?
- Which region is likely to be a lucrative market for physical vapor deposition during the forecast period?
- What are the essential strategies adopted by key players operating in the global physical vapor deposition market to expand their geographical presence?
- What are major advancements in the global physical vapor deposition market?
This report answers these questions about the global physical vapor deposition market, aiding major stakeholders and key players in making the right decisions and strategizing for growth of their business
Global Physical Vapor Deposition Market: Research Methodology
This TMR report on the global physical vapor deposition market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The competition scenario of the global physical vapor deposition market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and the current trends, researchers of the global physical vapor deposition market arrived at predictions and estimations, and calculated the market forecast.
This report uses an analytical triangulation method to estimate the numbers of the global physical vapor deposition market, by using both bottom-up and top-down approaches
This detailed assessment of the global physical vapor deposition market, along with an overview of the market, is provided based on a careful examination of avenues related to the market. Analysts’ conclusions on how the global physical vapor deposition market is set to expand are based on carefully vetted primary and secondary sources.
Global Physical Vapor Deposition Market: Segmentation
This report on the global physical vapor deposition market provides segmentation of the market based on category, application, and region