Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The "Vapor Deposition Market by Technology (Chemical Vapor Deposition, Physical Vapor Deposition), by End-user Industry (Microelectronics, Cutting tools, Industrial & Energy, Medical, Decorative Coating) - Global Trends & Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The vapor deposition market is projected to grow from USD 42.6 billion in 2023 to USD 66.1 billion by 2028, recording a CAGR of 9.2%
The market study covers the vapor deposition market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on technology, end-use industry and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the vapor deposition market.
Technological advancements have made deposition processes more efficient and versatile, driving increased adoption. Industries like semiconductors, optics, and medical devices heavily rely on vapor deposition, with growing demand in these sectors. Additionally, the energy industry sees applications in thin-film solar cells and energy-efficient coatings.
Vapor deposition is also crucial in aerospace, automotive, and nanotechnology. As environmental concerns rise, its eco-friendly nature may further boost its usage. Customization capabilities and the ability to cater to niche markets contribute to its growth. However, market projections can vary based on economic conditions and emerging trends, so up-to-date industry reports are essential for accurate insights.
The companies profiled in this market research report include Applied Materials, Inc. (US), Tokyo Electron Limited. (Japan), Lam Research Corporation (US), OC Oerlikon Management AG (Switzerland), and IHI Corporation (Japan) ULVAC, Inc. (Japan), Veeco Instruments Inc. (US), and Voestalpine AG (Austria) and ASM International N.V. (Netherlands), among others.
Chemical Vapor Depsotion segment is likely to drive the global market during the forecast period
The global Chemical Vapor Deposition (CVD) market is set to drive overall industry growth in the forecast period. This is due to its widespread application in key sectors such as semiconductors, solar energy, aerospace, and biotechnology. The demand for advanced materials, particularly in the semiconductor industry, is pushing the need for CVD processes.
It's also crucial for producing thin-film solar cells, enhancing medical devices, and creating nanoscale materials. Continuous technological advancements and the trend towards miniaturization further contribute to its expanding adoption globally. As industries seek more efficient and specialized coatings, CVD's role is expected to be pivotal in shaping the market's trajectory.
Energy & Power segment is expected to account for the 2nd largest market share during the forecast period
The maritime industry is under increasing pressure to reduce emissions and comply with stricter environmental regulations. LNG is considered a cleaner fuel compared to traditional marine fuels like heavy fuel oil and diesel. It offers significant emissions reductions in terms of sulfur oxides (SOx), nitrogen oxides (NOx), particulate matter, and greenhouse gases. This has led to a growing interest in LNG as a fuel for ships, particularly in emission-controlled areas such as coastal regions and ports.
Additionally, LNG offers better energy efficiency compared to conventional marine fuels. LNG has a higher energy content per unit of weight, allowing ships to achieve longer voyage distances with the same fuel capacity. This becomes particularly advantageous for vessels involved in long-haul transportation, such as ferries, offshore support vessels, and even some bulk carriers.
Europe accounts for the third largest market during the forecast period
The semiconductor industry in Europe is expected to witness high growth in the next five years due to the increasing number of fabrication plants in the region. Moreover, Europe hosts many major semiconductor manufacturers such as STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), and X-FAB Silicon Foundries (Germany), among others.
The presence of such established semiconductor manufacturers and the increasing number of fabrication facilities are expected to create growth opportunities for market players offering vapor deposition equipment. Furthermore, government initiatives are a major factor driving the market growth in Europe.
For instance, in February 2022, the European Commission outlined a Euro 43 billion plan in accordance with European Union's (EU's) aim to double its market share in semiconductor production by 2030. Such favorable initiatives to strengthen the semiconductor industry in this region are expected to increase the adoption of vapor deposition for various semiconductor applications.
The report provides insights on the following pointers:
- Analysis of key drivers (Growth in the semiconductor industry, Growing solar industry to propel the demand for high-performance films, Increasing demand for medical devices and equipment), restraints (High capital investment, Film contamination) opportunities (Innovation in technology provide lucrative opportunity across various industrial applications, Increasing demand from end-user industries in the developing nations), and challenges (Lack of qualified workforce for operation, Technical difficulties and process complexity) influencing the growth of the vapor deposition market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the vapor deposition market
- Market Development: Comprehensive information about lucrative markets - the report analyses the vapor deposition market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the vapor deposition market
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 233 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $42.6 Billion |
| Forecasted Market Value (USD) by 2028 | $66.1 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
Companies Mentioned
- Adeka Corporation
- Aixtron
- Applied Materials, Inc.
- Asm International N.V.
- Aurora Scientific Corp.
- Crystallumepvd
- Cvd Equipment Corporation
- Denton Vacuum
- Hef Durferrit
- Ihi Corporation
- Impact Coatings Ab
- Intevac, Inc.
- Jusung Engineering Co. Ltd.
- Kurt J. Lesker Company
- Lam Research Corporation
- Mustang Vacuum Systems
- Oc Oerlikon Management AG
- Oxford Instruments
- Plasma-Therm
- Pvd Products, Inc.
- Techmetal, Inc.
- Tokyo Electron Limited
- Ulvac, Inc.
- Veeco Instruments Inc.
- Voestalpine AG
For more information about this report visit https://www.researchandmarkets.com/r/xdf951
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