Publishing: January 2022 | Report Code: CM12229 | Available Format: PDF
The global physical vapor deposition market generated ~$20 billion in 2020, and it is predicted to show significant growth during the forecast period (2021–2030). The key factors responsible for the growth of the market include the high adoption of the technology in automotive, cutting tools, firearms, and aerospace applications, increasing usage of semiconductors in consumer products, rising demand for PVD services worldwide, and surging demand for solar energy products.
The COVID-19 pandemic has had a significant negative impact on the physical vapor deposition market. Due to the interruptions in supply chains, in the light of the lockdowns, the demand for PVD products has decreased in many industries, such as electronics and architecture.
In 2020, the equipment category held the largest market share, and it is predicted to show substantial growth during the forecast period, based on component. This is attributed to the increasing demand for coated tools for use on broaches, automotive components, and many other applications.
The microelectronics category is expected to witness the fastest growth in the coming years, based on application. This can be attributed to the growing trend of microelectronics in the automotive industry and increasing usage of semiconductors in customer products, such as laptops, and smartphones, especially in emerging economies.
Geographically, APAC accounted for the largest share in the physical vapor deposition market, and it is expected to experience significant growth during the forecast period. This can be ascribed to the quick adoption of the PVD technology in many sectors in this region. The major demand for PVD would be from China, India, and Japan in the upcoming years because of the rising demand for flash memory and dynamic random-access memory (DRAM) in these countries.
PVD technology is increasingly being used in cutting tools, guns, automobiles, and the aerospace industry across the world. The high need for lightweight materials in the automobile and machine tool industry has increased the use of magnesium, aluminum, and carbon-reinforced plastic materials, since these coatings strengthen cutting tools and automotive components, and are also used as decorative coatings on such end products, the demand for PVD coatings is increasing.
The declining setup costs and rising capacity of renewable energy plants, along with the improving battery storage technology, are driving the growth of the solar energy sector. Essentially, the increasing environmental concerns are propelling the shift toward solar energy. Several countries, such as Japan, the U.S., the U.K., France, Australia, India, and Brazil, have started taking initiatives to develop solar power plants. The significant increase in investments indicates that the industry is rapidly developing, which is expected to drive the market for physical vapor deposition during the forecast period.
|Base Year (2020) Market Size||~$20 Billion|
|Report Coverage||Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Regional and Country Breakdown; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis; Company Profiling|
|Market Size by Segments||By Component, By Process, By Application, By Region|
|Market Size of Geographies||U.S., Canada, Germany, France, Italy, U.K., Spain, Japan, China, India, Australia, South Korea, Brazil, Mexico, Saudi Arabia, South Africa|
|Secondary Sources and References (Partial List)||American Coatings Association, Indian Paint and Coating Association, Indian Paint Association, Indian Small Scale Paint Association, Canadian Paint and Coatings Association, Taiwan Association for Coating and Thin Film Technology, European Coil Coating Association, World Corrosion Organization|
Owing to the growth opportunities in the physical vapor deposition market, players are launching new products and acquiring other organizations to gain a better position. Some of the major players operating in the physical vapor deposition market are OC Oerlikon Corporation AG, Denton Vacuum LLC, IHI HAUZER Techno Coating B.V., Impact Coatings AB, Kurt J. Lesker Company, Plasma Quest Limited, PLATIT AG, Richter Precision Inc., Sulzer Ltd., Tokyo Electron Limited, Applied Materials Inc., Advanced Energy Industries Inc., and Angstrom Engineering Inc.
The physical vapor deposition market report offers comprehensive market segmentation analysis along with market estimation for the period 2015-2030.
Based on Component
Based on Process
Based on Application
Market Segment Analysis of Countries
The physical vapor deposition market was valued at ~$20 billion in 2020.
The physical vapor deposition industry is being driven by the surging adoption of the PVD technology in various applications, such as automotive, aerospace, cutting tools, and firearms.
APAC was the largest region in the market for physical vapor deposition solutions in 2020.
APAC will be the fastest-growing region in the market for physical vapor deposition during 2020–2030.
Get a bespoke market intelligence solution
Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you
Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights
With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required
We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws