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Physical Vapor Deposition Market Size, Emerging Trend, Advancement, Growth and Business Opportunities 2021 to 2030

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Physical Vapor Deposition Market Size, Emerging Trend, Advancement, Growth and Business Opportunities 2021 to 2030

January 26
09:41 2022
Physical Vapor Deposition Market Size, Emerging Trend, Advancement, Growth and Business Opportunities 2021 to 2030
Geographically, in 2020, Asia-Pacific held the largest share in the PVD market, and it would experience substantial growth during the forecast period.

According to OurWorldInData, the installed solar energy capacity of the world increased from 580.76 gigawatts (GW) in 2019 to 707.50 GW in 2020. Further, the International Energy Agency (IEA) forecasts that China, the U.S., Europe, India, and Latin America will add 35.3 GW, 18.8 GW, 23.6 GW, 11.1 GW, and 6.8 GW to their net solar photovoltaic (PV) capacity, respectively, in 2022. The surging adoption of solar energy products, on account of the soaring preference for clean and green energy, will facilitate the use of physical vapor deposition (PVD) components in the coming years.

Moreover, the large-scale integration of advanced technologies in automobiles, especially electronics and semiconductors, will help the physical vapor deposition market grow during 2021–2030. According to P&S Intelligence, the market generated $20 billion in 2020. PVD, a vacuum deposition process, is used to fabricate thin films and micro-structure and nanostructured coatings, which are used in semiconductors and coatings of automobiles. The ongoing advancements being made in nanoscience will augment the use of PVD technology-based coatings in vehicles globally.

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In the last few years, PVD equipment was consumed in the highest quantity due to the increasing requirement for coated tools, which are used on broaches and automotive parts. Additionally, the semiconductor and automotive industries are also using PVD materials and services to manufacture lightweight products. Automobile original equipment manufacturers (OEMs) are increasingly adopting aluminum, magnesium, and carbon-reinforced plastic materials as PVD technology-based coatings to enhance the strength of vehicle parts and accessories. Owing to these advantages of PVD technology-based coatings, the aerospace industry is also using these to produce lightweight parts.

The aforementioned PVD components are used in cutting tools, data storage, medical equipment, microelectronics, and solar products through sputter deposition, electron beam deposition, and cathodic arc deposition processes. In the coming years, microelectronic manufacturers will emerge as significant users of PVD technology due to the surging integration of microelectronics in vehicles and escalating use of semiconductors in consumer electronics, such as smartphones and laptops, primarily in developing countries. The rapid electrification of vehicles and the surging use of consumer electronic products in developing nations can be owed to the booming disposable income of people.

Currently, the physical vapor deposition market is dominated by Angstrom Engineering Inc., Tokyo Electron Limited, Impact Coatings AB, Advanced Energy Industries Inc., Sulzer Ltd., IHI HAUZER Techno Coating B.V., Applied Materials Inc., Richter Precision Inc., Denton Vacuum LLC, PLATIT AG, OC Oerlikon Corporation AG, Plasma Quest Limited, and Kurt J. Lesker Company. Nowadays, these companies are unveiling novel products, entering into collaborations, and signing acquisition agreements to cater to the needs of existing and potential clients.

Browse detailed report on Physical Vapor Deposition Market Opportunities, Emerging Trends, Competitive Strategies and Forecasts 2021–2030

Globally, the Asia-Pacific (APAC) region was the dominant user of PVD components and processes in the preceding years, and it is expected to retain its dominance in the upcoming years. This can be primarily credited to the surging adoption of flash and dynamic random-access memory (DRAM) in Japan, India, and China. Additionally, the booming semiconductor industry, on account of the growing penetration of smartphones and laptops, will also propel the use of PVD technology in the region.

Thus, the rapid shift toward solar energy and the widescale integration of semiconductors in vehicles will fuel the adoption of PVD components in the foreseeable future.

Physical Vapor Deposition Market Size Breakdown by Segments

By Component

  • Equipment
  • Material
  • Service

By Process

  • Cathodic Arc Deposition
  • Electron Beam Deposition
  • Sputter Deposition
  • Others

By Application

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

By Region

  • North America Physical Vapor Deposition Market
    • By component
    • By process
    • By application
    • By country – U.S. and Canada
  • Europe Physical Vapor Deposition Market
    • By component
    • By process
    • By application
    • By country – Germany, France, U.K., Italy, Spain, and Rest of Europe
  • Asia-Pacific Physical Vapor Deposition Market
    • By component
    • By process
    • By application
    • By country – Japan, China, India, Australia, South Korea, and Rest of APAC
  • Latin America Physical Vapor Deposition Market
    • By component
    • By process
    • By application
    • By country – Brazil, Mexico, and Rest of LATAM
  • Middle East and Africa Physical Vapor Deposition Market
    • By component
    • By process
    • By application
    • By country – Saudi Arabia, South Africa, and Rest of MEA

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

Browse More Reports

Synthetic Fibers Market – Currently, Asia-Pacific dominates the synthetic fibers market, a situation that will stay the same in the coming years. This will be because the region is home to many of the world’s largest producers of apparel, including India, China, Bangladesh, Vietnam, and Hong Kong. Moreover, synthetic fibers are used for automotive upholstery, which is another reason APAC will create the highest demand for them; APAC produces the most vehicles in the world.

Synthetic Rubber Market – Geographically, the Asia-Pacific region contributed the highest revenue to the synthetic rubber market in the years gone by. This was because of the high requirement for synthetic rubber in the tire and construction industries. Moreover, leading automakers are rapidly setting up their manufacturing facilities in the APAC countries in order to strengthen their position in the industry. Currently, the automotive industry is surging in China, on account of the growing demand for clean automobiles, which is also fueling the expansion of the regional market. 

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Country: India
Website: https://www.psmarketresearch.com/market-analysis/physical-vapor-deposition-pvd-market

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