Vancouver, Jan. 01, 2024 (GLOBE NEWSWIRE) -- The global Physical Vapor Deposition (PVD) market is witnessing robust growth, reaching a market size of USD 22.95 Billion in 2022 and projected to maintain a rapid revenue Compound Annual Growth Rate (CAGR) of 7.3% during the forecast period. Key drivers include the growing adoption of digitization solutions, increased demand for surgical and biomedical devices, and the use of low-E glass in construction and automotive industries.
Driving Forces
PVD, a process where matter is vaporized from solid or liquid states and transported in a vacuum or low-pressure gaseous environment, is gaining traction across various industries. Its applications span electronics, semiconductors, aerospace, aviation, solar energy, and medicine. The demand for digitization solutions, especially in the semiconductor industry, has contributed to the market's momentum, with PVD playing a crucial role in meeting the rising demand for the electronics sector.
In June 2023, Intlvac Thin Film initiated the sale of thin film solutions to the fuel cell research and manufacturing sectors, showcasing the potential to decrease the utilization of costly noble metals in fuel cell construction by approximately 90%.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2612
Challenges
While the market is thriving, challenges such as high manufacturing costs, fluctuating raw materials, and substantial capital investments pose obstacles. The complexity and resource-intensive nature of the PVD manufacturing process contribute to higher operational expenses, potentially affecting the market's competitiveness.
Type Insights
The equipment segment dominated the global PVD market in 2022, holding the largest revenue share. The rising demand for film deposition devices used for thermal evaporation, sputtering, and arc vapor deposition drove this growth. PVD equipment, known for its resistance to corrosion and stability, is crucial for coating equipment, safeguarding against degradation over time.
Industry Collaborations
In June 2023, Oerlikon Balzers entered into a ten-year agreement with ITP Aero, leveraging their advanced industrialization and expertise to apply a new high-temperature wear-resistant coating to components of Pratt & Whitney Canada PW800 turbofan engine, showcasing the versatility of PVD technology.
Product Insights
The sputter deposition segment is expected to witness fast revenue growth in the PVD market, driven by its capability to produce deposit films of elemental material with high composition precision. This is particularly valuable in the semiconductor industry for integrated circuit processing.
Innovation in Coatings
Oerlikon Balzers set a new industry standard with BALIQ TISINOS PRO, a PVD coating developed specifically for materials with hardness up to 70 HRC, improving wear resistance when machining hardened steel.
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/2612
Application Insights
The microelectronics segment is poised to account for a significant revenue share in the global PVD market, attributed to the rising adoption of PVD in the consumer electronics industry. PVD provides stability, uniformity, corrosion resistance, and durability, making it an ideal material for microelectronic components.
End-Use Insights
The medical segment is expected to register moderate revenue growth in the global PVD market due to the increasing demand for surgical and biomedical devices. PVD's anti-corrosion and high wear-tear properties make it an ideal solution for enhancing the lifespan and performance of medical tools.
Regional Insights
The Asia Pacific market led the global PVD market in 2022, driven by increasing adoption of microelectronics and semiconductors, especially in China, Japan, South Korea, and India. The North America market is anticipated to register the fastest revenue growth, fueled by the rising demand for medical products, particularly in the U.S. and Canada. In Europe, the PVD technology market is expected to account for a considerable revenue share, driven by its use in microelectronics and solar applications.
Scope of Research
| Report Details | Outcome |
| Market Size in 2022 | USD 22.95 Billion |
| CAGR (2023–2032) | 7.3% |
| Revenue Forecast To 2032 | USD 46.15 Billion |
| Base Year For Estimation | 2022 |
| Historical Data | 2019–2021 |
| Forecast Period | 2023–2032 |
| Quantitative Units | Revenue in USD Billion and CAGR in % from 2023 to 2032 |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered | Type, product, application, end-use, and region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Country Scope | U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa |
| Key Companies Profiled | Oerlikon Group, Angstrom Engineering Inc., Kurt J. Lesker Company, Voestalphine AG, NISSON Electric Co. Ltd, IHI Corporation, HEF, Kobe Steel Ltd., Lafer, Inorcoat, Kolzer SRL, Advanced Energy, Impact Coatings AB, Denton Vacuum, Intevac Inc., Cha Industries Inc., Veeco Instruments, and Platit AG |
| Customization Scope | 10 hours of free customization and expert consultation |
Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2612
Major Companies and Competitive Landscape
The global Physical Vapor Deposition (PVD) market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective Physical Vapor Deposition (PVD) solutions in the market.
Some of the major companies included in the global Physical Vapor Deposition (PVD) market report are:
- Oerlikon Group
- Angstrom Engineering Inc.
- Kurt J. Lesker Company
- Voestalphine AG
- NISSON Electric Co., Ltd.
- IHI Corporation
- HEF
- Kobe Steel Ltd.
- Lafer
- Inorcoat
- Kolzer SRL
- Advanced Energy
- Impact Coatings AB
- Denton Vacuum
- Intevac Inc.
- Cha Industries Inc.
- Veeco Instruments
- Platit AG
Strategic Development
- On 1 February, 2023, Veeco Instruments Inc. announced that it has acquired Epiluvac AB, a privately held manufacturer of Chemical Vapor Deposition (CVD) epitaxy systems that enable advanced Silicon Carbide (SiC) applications in the EV market. Epiluvac, headquartered in Sweden, was founded in 2013 by an experienced SiC team. Epiluvac's technology platform, combined with Veeco's global market reach, creates a significant long-term growth driver for Veeco.
- On 21 March, 2021, Intevac, Inc., a leading provider of thin-film processing systems, announced an order for INTEVAC MATRIX PVD for threading applications in the advanced semiconductor packaging market. This order follows the successful completion of a deployment evaluation program with a leading Outsourced Assembly
Segments Covered in Report
For the purpose of this report, Emergen Research has segmented the global Physical Vapor Deposition (PVD) market on the basis of type, product, application, end-use, and region:
- Type Outlook (Revenue, USD Billion; 2019-2032)
- Materials
- Services
- Equipment
- Product Outlook (Revenue, USD Billion; 2019-2032)
- Thermal Evaporation
- Sputter Deposition
- Arc Vapor Deposition
- Application Outlook (Revenue, USD Billion; 2019-2032)
- Microelectronics
- Storage
- Solar
- Medical equipment
- Cutting Tools
- End-use Outlook (Revenue, USD Billion; 2019-2032)
- Electronics
- Military, Defense, and Aerospace
- Automotive
- Energy
- Medical
- Others
- Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/physical-vapor-deposition-market
Curated Reports You Shouldn't Miss: Dive In Now!
Physical Vapor Deposition (PVD) Market, By Type (Materials, Equipment, and Services), By Product (Thermal Evaporation, Sputter Deposition, and Arc Vapor Deposition), By Application, By End-Use, and by Region Forecast to 2032
Polyamides and Intermediates Market, By Product Type (PA 6, PA 66, PA 12, and Others), By Distribution Channel (Online and Offline), By Application (Automotive, Textile, and Others), By End-use, and By Region Forecast to 2032
Ultraviolet Acrylic Hot Melt Resin Market, By Application (Packaging, Electronics, Construction, Automotive, and Textiles), By Region Forecast to 2032
Argon Fluoride (ArF) Monomers Market, By End-Use (Semiconductor Industry, Medical Industry, and Scientific Research) and By Region Forecast to 2032
Cosmetic Active Ingredients Market, By Ingredient Type (Synthetic, Natural, and Specialty), By Product Type (Emulsifier and Stabilizer, Preservative, Antioxidant, Emollient, and Surfactant), By Functionality, By End-Use, and By Region Forecast to 2032
Sustainable Plastic Market, By Type (Biodegradable Plastic, Recycled Plastic, and Bio-based Plastic), By Function (Active, Alternate Fiber, and Others), By Layer, By Packaging Type, By End-Use, and By Region Forecast to 2032
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: https://www.emergenresearch.com/
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights
