Published: Apr, 2018
The vendor landscape of the global physical vapor deposition (PVD) market features a high level of competition with tough entry barriers for small companies owing to the high degree of patent protection given to PVD technologies, processes, materials, and systems observes Transparency Market Research in a recent report. The over 200 patents in the market have largely limited the entry of new companies in the market and have further restricted the expansion of small companies.
Some of the leading companies in the market are Veeco Instruments Inc., Oerlikon Balzers, Platit AG, Applied Materials, Inc., Mustang Vacuum Systems, Singulus Technologies AG, HEF USA, Semicore Equipment, Inc., ULVAC Inc., Silfex Inc. (Lam Research Corp.), IHI Corporation, and Buhler AG.
According to the report, the global PVD market is expected to expand at a promising CAGR of 8.3% over the period between 2017 and 2025, rising from a valuation of US$16,410.9 mn in 2016 to US$33,335.2 mn by 2025.
PVD Services See Rise in Demand; to Account for a Notable Share in Market Valuation
Of the key categories associated with the PVD market examined in the report, the segment of PVD equipment held nearly half of the overall market in 2016, making for the most in-demand and lucrative segment. The segment is also likely to remain the most lucrative segment over the forecast period, chiefly owing to the high costs of PVD equipment. However, the segment of services is likely to expand at a more promising pace as consumers look to cut down on operational costs as the level of competition rises in the business world. Geographically, the market in Asia Pacific is expected to account for a significant share in the global market owing to the steady demand for PVD services, equipment, and materials from key end-use industries.
Rising Global Demand for Microelectronics to Bode Well for Market Growth
End-use industries such as medical equipment and microelectronics are expected to increase the overall demand for products cured with PVD technology. Important applications of the PVD technology, such as microelectronics, data storage devices, cutting tools, architectural glasses, and medical equipment are in huge demand across a number of industries. The thriving automotive and construction industries are also expected to bode well for the expansion of the global PVD market. Rising focus on the inclusion of green power technologies in their energy mixes are driving the increased demand for effective solar energy products, which, in turn, is also expected to drive the market.
Restraints that threaten to hamper the global physical vapor deposition market include the strict patent protection laws on existing PVD technologies. This could create difficulties for new entrants to expand in the global physical vapor deposition market, thereby reducing the chances of healthy market competition. Patent protection will significantly increase the initial investments required by new players, strengthening the possibility of market monopoly.
This analysis of the global physical vapor deposition market is based on a recent market research report by Transparency Market Research, titled “Physical Vapor Deposition Market (Category - PVD Equipment, PVD Services, and PVD Materials; Application - Microelectronics, Data Storage, Solar Products, Medical Equipment, Cutting Tools, and Architectural Glasses) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025.”
For the study, the global physical vapor deposition market is segmented as follows:
Physical Vapor Deposition Market: Category Analysis
- PVD Equipment
- PVD Services
- PVD Materials
Physical Vapor Deposition Market: Application Analysis
- Data Storage
- Solar Products
- Medical Equipment
- Cutting Tools
- Architectural Glasses
- Others (nuclear, etc.)
Physical Vapor Deposition Market: Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453