Global Physical Vapor Deposition (PVD) Market 2018: Applications, Market Share, Size, Strategies, and Forecasts 2025
Adroit Market Research studied
Global Physical Vapor Deposition (PVD) Market Size, by Industry (PVD Equipment,
PVD Materials and PVD Services), by Application (Microelectronics, Data
Storage, Solar Products, Cutting Tools, Medical Equipment and Others) and by
Region (North America, Europe, Asia Pacific, Latin America and MEA). The global
physical vapor deposition market analysis include industry trends,
opportunities, drivers and restrains. The study includes S.W.O.T. and PORTER’S
analysis of the physical vapor deposition market. This coupled with competitive
landscape of the major players in the global physical vapor deposition market
we, have the forecast of the global physical vapor deposition market size till
2025.
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The global physical vapor
deposition market is projected to show a steady growth reaching to USD 34
billion by 2025. Rising demand for PVD coatings in explosively growing
microelectronics industry to drive the market growth during the forecast
period. Further, increased medical and cutting tool applications is projected to
fuel the growth of the global physical vapor deposition market by 2025.
By type, PVD equipment is
projected to have the largest share of 57% in the global physical vapor
deposition market by 2025. Players in the industry are expected to invest
heavily in the latest equipment to gain maximum production efficiency, are
expected to drive the growth of the global physical vapor deposition market
during the forecast period. PVD services are expected to grow with the fastest
CAGR of 9.2% by 2025 in the global physical vapor deposition market. The growth
is expected as implementation of the processes such as evaporation, vacuum and
others will be on top priority to achieve a superior quality of coatings.
By 2025 microelectronics are
expected to continue its supremacy accounting to 57% share in the global
physical vapor deposition market. PVD coating increases the impact bearing
capacity, durability and prevents the components from corrosion. Hence, the
microelectronics industry, especially from the Asia Pacific, has adopted to PVD
coatings driving the growth of the global physical vapor deposition market
during the forecast period. By 2025 PVD coated medical equipment are projected
to grow with the fasted CAGR of 9.4% as the healthcare sector in regions like
North America, Latin America and MEA is booming.
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The Asia Pacific is projected to be the largest market during the
forecast period accounting to 48% share in the global physical vapor deposition
market. Countries such as China are projected to surge at a CAGR of 8.8% as
demand from booming electronic industry in the country for PVD coatings is
projected to drive the market growth. Solar PV panels coated with PVD are
expected to surge in demand in a country like India which is projected to be a
leader in solar energy by 2025 boosting the market growth in the country.
Further, PVD coated medical equipment is predicted to grow strongly especially
in South-East Asia.
The players that are projected to
have a strong position in the global physical vapor deposition market are Veeco
Instruments Inc, Oerlikon Balzers Hartec GmbH, Semicore Equipment, Inc., Impact
Coatings, Applied Materials, Inc., AEG Power Solutions, Sulzer Metplas, Platit
AG, IHI Corporation and Others. The global physical vapor deposition market is
fragmented as there are many players in the industry and new players are
expected to enter during the forecast period owing to high industry
attractiveness and low threat of substitute. Thus, major players are adopting
to mergers and acquisition to strengthen its position during the forecast
period in the global physical vapor deposition market. For instance, in 2017,
Oerlikon Balzers Hartec GmbH acquired Depots Metalliques Sous Vide (DMX), a
French PVD player. The aim of the acquisition is to improve the services and
product offering in France.
Segment overview of Global Physical Vapor Deposition Market
Application Overview, 2015-2025 (USD million)
·
Microelectronics
·
Data storage
·
Solar products
·
Cutting tools
·
Medical equipment
·
Others
Type Overview, 2015-2025 (USD million)
·
PVD equipment
·
PVD materials
·
PVD services
Regional Overview, 2015-2025 (USD million)
·
North America
·
U.S.
·
Canada
·
Europe
·
France
·
Germany
·
Spain
·
Rest of Europe
·
Asia Pacific
·
India
·
Japan
·
China
·
Rest of Asia Pacific
·
Latin America
·
Brazil
·
Mexico
·
Rest of Latin America
·
Middle East & Africa
·
UAE
·
Saudi Arabia
·
Qatar
·
Rest of Middle East and Africa
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About Us:
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India-based business analytics and consulting company incorporated in 2018. Our
target audience is a wide range of corporations, manufacturing companies,
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require understanding of a market’s size, key trends, participants and future
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