The physical vapor deposition market was valued at USD 17 billion in 2017. Physical vapor deposition is one of the most versatile coating methods compared to others as it is corrosion resistant, durable, possessing good impact strength and can operate at varying processing temperatures. Owing to these properties microelectronics industry have widely adopted to PVD coating for its electronics components, is driving the growth of the global physical vapor deposition market. Further, solar PV panels are being coated with PVD films and the increasing adoption to solar energy is projected to drive the growth of the global physical vapor deposition market during the forecast period.
The global market for the Physical Vapor Deposition (PVD) is anticipated to develop at a compound annual growth rate (CAGR) of 6% throughout the course of the forecast, to reach US$ 43 Billion by 2032.
In 2017, PVD equipment was valued at USD 10 billion followed by PVD services and materials. PVD equipment mainly comprises heating, electroplating, vacuum, condensation and coating equipment. The choice of the equipment depends upon the use such as forming & punching, molding & die-casting and cutting tools. Quality PVD coating is achieved using the latest PVD equipment, hence many players in the global physical vapor deposition market are investing heavily in advanced PVD equipment to achieve optimized quality. The PVD coating material includes titanium, chromium, nitrogen and aluminum. These materials are not only durable but also add an enhancing look to the coating. The PVD services include implementation of technologies such as evaporation, sputtering, arc and ion-assisted used for coating in the global physical vapor deposition market.
Microelectronics applications accounted for the largest share of 37% in 2017 in the global physical vapor deposition market. The rise in developments and demand for microelectronics at consumer and industrial level is driving the growth of the PVD coatings. Additionally, PVD coatings for microelectronics requires high precision processing, is projected to continue its dominance in the global physical vapor deposition market. Data storage had the second largest share in 2017 as components of data storage require PVD coating for efficient performance.
Asia Pacific was the largest market in the global physical vapor deposition industry valued at USD 7.9 billion in 2017. The Asia Pacific grew owing to large developments in microelectronics components used in automobiles and consumer & industrial electronic devices. Further India and China are projected to invest heavily in solar PV panels as a shift towards solar energy is seen owing to government initiatives to reduce carbon footprints. Increased demand solar PV panels will drive the growth of the physical vapor deposition in the region. In 2017, North America had the second largest share in the global physical vapor deposition market, as the U.S. has seen major technological developments and they are the early adopters to the technology.
Major players in the global physical vapor deposition market are Platit AG, Oerlikon Balzers Hartec GmbH, Veeco Instruments Inc., Applied Materials, Inc., AEG Power Solutions, Semicore Equipment, Inc., Impact Coatings, Sulzer Metplas, IHI Corporation and Others. The market is highly competitive hence innovation in products processing, mergers and acquisitions are the strategies implemented by the key players to solidify their market position in global physical vapor deposition market. For instance, in 2011 Applied Materials, Inc. a key player in the market announced Applied Endura Avenir RF PVD technology that will solidify its RF based PVD technology portfolio.
Physical Vapor Deposition (PVD) Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2025||USD 34 billion|
|Growth Rate||CAGR of over 9.2% during 2015-2025|
|Segment Covered||Organization Size, Industry, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Key Players Profiled||Oerlikon Balzers Hartec GmbH acquired Depots Metalliques Sous Vide (DMX), a French PVD player|
Key segments of the global Physical Vapor Deposition (PVD) market
Based on Component 2018-2032 (USD Million)
Based on Process 2018-2032 (USD Million)
• Cathodic Arc Deposition
• Electron Beam Deposition
• Sputter Deposition
Regional Overview, 2018-2032 (USD Million)
• North America
o Rest of Europe
o Southeast Asia
o Rest of Asia-Pacific
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
• Central & South America
o Rest of South America