Physical Vapor Deposition Market Research Report: By Component (Equipment, Material, Service), Process (Cathodic Arc Deposition, Electron Beam Deposition, Sputter Deposition), Application (Microelectronics, Data Storage, Solar Products, Cutting Tools, Medical Equipment) - Global Industry Analysis and Growth Forecast to 2030

Market Overview

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.

Due to Increasing Demand for Tool Coating, Equipment Held Largest Market Share

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.

Owing to Surge in Semiconductor Usage, Microelectronics Category To Grow Fastest during Forecast Period

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.

Asia-Pacific (APAC) Held Largest Share in Market

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.

New Coating Materials Are Key Trend

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.

Growing Demand for Solar Energy Products Is Driving Market

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.

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Market Players Are Focusing on Acquisitions and Launching New Products to Gain a Competitive Edge

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.

• In July 2019, Applied Materials Inc. launched PVD equipment, Endura platforms, specifically for the production of new memory technologies targeting the Internet of Things (IoT) and cloud computing. The company also announced intentions to sell products worth $100 million that year.
• In April 2018, Oerlikon Group declared the acquisition of Sucotec AG by its Oerlikon Balzer’s business segment. The main focus behind the acquisition was to expand the product portfolio of Oerlikon Group, which focuses on PVD and plasma-assisted chemical vapor deposition (PACVD).

Some of the Key Players in Physical Vapor Deposition Market Are:

Market Size Breakdown by Segments

The physical vapor deposition market report offers comprehensive market segmentation analysis along with market estimation for the period 2015-2030.

Based on Component

• Equipment
• Material
• Service

Based on Process

• Cathodic Arc Deposition
• Electron Beam Deposition
• Sputter Deposition

Based on Application

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

Geographical Analysis

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
• Asia-Pacific (APAC)
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America (LATAM)
  • Brazil
  • Mexico
• Middle East and Africa (MEA)
  •  Saudi Arabia
  • South Africa

Market Segment Analysis of Countries

• Further breakdown of the 16 listed countries will be provided as per below segmentation:
  • By component
  • By process
  • By application