Physical Vapor Deposition Market (By Category: PVD Equipment, PVD Materials, PVD Services; By Application: Microelectronics, Data Storage, Solar Products, Cutting Tools, Medical Equipment) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20212030

The global Physical Vapor Deposition market size is expected to be worth around US$ 32.2 billion by 2030, according to a new report by Vision Research Reports.

The global Physical Vapor Deposition market size was valued at US$ 19.2 billion in 2020 and is anticipated to grow at a CAGR of 6.8% during forecast period 2021 to 2030.

Report Coverage

Growth Factors

The COVID-19 pandemic resulted in a severe disruption of the supply chain leading to raw material unavailability along with labor shortage for the electronics industry. The halting of ongoing production of electronics decreased the demand for thin-film coating using the PVD during the pandemic in 2020.

The sputtering technology in PVD has a number of advantages over other technologies which include higher packing densities and better adhesion. Moreover, sputtering can be carried out over a greater number of metals such as alloys and mixtures which is expected to increase the demand for sputtering systems over the forecast period.

The PVD coating is beginning to gain more traction, especially from the automobile industry. With low metal layer thickness, companies have been able to achieve full recyclability for automobile components. Moreover, PVD coatings do not emit Volatile Organic Compounds which is expected to increase the demand for PVD over the forecast period.

By Category Analysis

The PVD equipment segment led the market and accounted for the largest revenue share of 59.7% in 2020. Surface coating companies are focusing on reducing their carbon footprint and are in need of environmentally friendly processes, which is one of the benefits of physical vapor deposition and as a result positively impacting the market.

Physical vapor deposition coating is achieved with the help of quality equipment that helps to streamline the process. Manufacturers have been developing application-specific equipment mainly for automotive components, decorative coatings, large dies & broaches.

PVD equipment manufacturers have been focusing on developing magnetron sputtering systems. Sputtering can be used for the deposition of various metallic films on wafers, including aluminum, gold, platinum, aluminum alloys, and tungsten, among others.

The PVD services segment is estimated to witness a CAGR of 6.7% from 2021 to 2030, in terms of revenue. Coating companies are offering PVD coating services which are in demand as PVD equipment is expensive.

By Application Analysis

The microelectronics segment led the market and accounted for the largest revenue share of over 37.5% in 2020 on account of the increasing demand for physical vapor deposition in packaging materials, including microelectromechanical systems in wireless and photonics applications.

Physical vapor deposition (sputtering) is used in the production of a magnetic disk that is a key component of hard disk drives. Increasing digitization and the introduction of big data, artificial intelligence, and the internet of things have resulted in an increase in demand for data storage.

PVD coating helps in sharp edges and cutting applications such as end-milling, threading and drilling, where demand for tough cutting edge is relatively high.

PVD is one of the most appropriate technologies for providing a wear-resistant, hard coating on medical devices and surgical instruments. The demand for thin-film coatings in performance improvement of dental and orthopedic implants, biomaterials, and Bio-MEMS is expected to boost the demand for physical vapor deposition in medical equipment over the forecast period.

By Regional Analysis

Asia Pacific led the market and accounted for the largest revenue share of over 46.7% in 2020. Large-scale solar projects, increasing use of PVD coatings for automotive engine parts, and increased healthcare spending leading to medical equipment market growth are some of the factors responsible for market growth in the region.

The demand for PVD coatings is estimated to witness a CAGR of 5.6% in Spain over the forecast period. Factors such as a large number of hospitals, rising prevalence of chronic diseases, a higher purchasing power, and higher expectations from the population regarding healthcare are anticipated to drive the medical equipment industry growth and in turn, the PVD market.

Increasing utilization of renewable energy resources in India is driving the demand for solar panels and fuel cells, which in turn is expected to drive the demand for PVD coating. 

Key Players

• Advanced Energy Industries, Inc.

• AJA International, Inc.

• Angstrom Engineering, Inc.

• Applied Materials, Inc.

• CHA Industries

• Intevac, Inc.

• Denton Vacuum

• OC Oerlikon Management AG

• IHI HAUZER B.V.

• Impact Coatings AB

• KDF Electronic & Vacuum Services Inc.

• Johnsen Ultravac

• Kurt J. Lesker Co.

• Penta Technology (Suzhou) Co. Ltd

• LAM RESEARCH CORPORATION

Market Segmentation

• By Category

  • PVD Equipment

  • PVD Materials

  • PVD Services

• By Application 

  • Microelectronics

  • Data Storage

  • Solar Products

  • Cutting Tools

  • Medical Equipment

  • Others

• Regional

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • Italy

    • U.K.

    • Spain

  • Asia Pacific

    • Australia

    • China

    • India

    • Japan

    • South Korea

  • Central & South America

    • Argentina

    • Brazil

  • Middle East & Africa

    • South Africa

    • UAE

The Physical Vapor Deposition market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Physical Vapor Deposition market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Physical Vapor Deposition market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Physical Vapor Deposition market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Physical Vapor Deposition market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Physical Vapor Deposition capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Physical Vapor Deposition by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Physical Vapor Deposition market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Physical Vapor Deposition market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Physical Vapor Deposition market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Physical Vapor Deposition industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Physical Vapor Deposition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Physical Vapor Deposition market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Physical Vapor Deposition market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Physical Vapor Deposition market. These factors have benefited the growth of the global market for Physical Vapor Deposition. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Physical Vapor Deposition. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Physical Vapor Deposition are as follows:

• History Year: 2017-2020

• Base Year: 2021

• Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.