Segments - Physical Vapor Deposition Market By Type (Thermal Evaporation, Sputter Deposition, Arc Vapor Deposition), By Category (Physical Vapor Deposition (PVD) Equipment, Physical Vapor Deposition (PVD) Materials, Physical Vapor Deposition (PVD) Services), By Application (Semiconductor and Electronics, Microelectronics, Data Storage, Solar Products, Medical Equipment, Cutting Tools, Architectural Glasses, Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends and, Forecast 2023 – 2031
The Global Physical Vapor Deposition Market was valued at USD 18,570.0 Million in 2022 and is expected to reach USD 36,438.0 Million in 2031, expanding at a CAGR of 7.8% during the forecast period.
Physical vapor deposition (PVD) is a process in which atoms or molecules of a material are vaporized from a solid source in high vacuum and are condensed on a substrate. PVD process is used to deposit films of metals, alloys, metal oxides, and some composite materials on a variety of substrates. PVD is used to deposit films ranging from of a few angstroms to thousands of angstroms in thickness. PVD coatings are characterized by high hardness, durability, resistance to wear, and corrosion resistance. PVD coatings have high temperature and good impact strength, as well as excellent abrasion resistance. The ability to utilize any type of inorganic material on a diverse group of substrates and surfaces makes PVD a popular choice for fabricating thin films. Additionally, PVD coatings are applied with no toxic residues or by-products and are safe for the environment.
The Global Physical Vapor Deposition Market is slightly impacted by Covid-19, due to the disruption in the supply chain and limitations in the cross broader transactions. The supply chain was disrupted in the initial stage of the lockdown, which declined the manufacturing of Physical Vapor Deposition products.
Rising demand for physical vapor deposition (PVD) in the electronics and semiconductor industries is fueled by its crucial role in enabling precision and miniaturization in the electronics industry. PVD processes facilitate the deposition of nanoscale thin films, enhancing performance, durability, and reliability. PVD contributes to the production of energy-efficient devices, advanced displays, and reliable semiconductor packaging. Its ability to create precise metallization layers and ensure manufacturing yield and cost efficiency further strengthen the significance of PVD in meeting the evolving demands of modern electronic devices and semiconductor technology.
The automotive industry has registered increased adoption of Physical Vapor Deposition (PVD), due to its diverse applications. PVD coatings, such as titanium nitride and diamond-like carbon (DLC), enhance wear resistance and corrosion protection in engine parts and exterior components. These coatings contribute to improved fuel efficiency and engine performance by reducing friction. PVD coating is increasingly being used in the automotive industry for coating of rims and alloy wheels, headlight components, handles, trim and accessories. It is also used for decorative finishes to enhance the aesthetic appeal and wear resistance of a vehicle. Additionally, PVD coating process allows the use of light alloys for moving parts, such as aluminum, which helps in significant weight reduction.
The complexity of physical vapor deposition (PVD) processes, poses significant restraints for global PVD market. The intricate nature of PVD technologies, requires skilled workforce, which hinders widespread adoption. Complexity of PVD processes also translates into higher training and operational costs, as companies need to invest in skilled personnel capable of managing and optimizing these complex systems.
Moreover, the limited output capacity of PVD processes hinders scalability in industries where high-volume production is required. The relatively slower deposition rates associated with PVD can impede its competitiveness compared to alternative technologies that offer higher production output.
The PVD market has registered increased focus on the optimization of the PVD process to increase throughput. The demand for fast and streamlined manufacturing processes has increased over the years. High-throughput PVD technologies enable quick deposition of thin films and coatings, reducing production times and enhancing overall operational efficiency. Techniques such as magnetron sputtering and pulsed laser deposition are being optimized for increased deposition rates without compromising coating quality. Additionally, R&D initiatives for advancing PVD technologies are pivotal, as industries are moving toward cost-effective and environmentally friendly processes.
The report on the Global Physical Vapor Deposition Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Physical Vapor Deposition Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
By Type (Thermal Evaporation, Sputter Deposition, Arc Vapor Deposition), By Category (Physical Vapor Deposition (PVD) Equipment, Physical Vapor Deposition (PVD) Materials, Physical Vapor Deposition (PVD) Services), By Application (Semiconductor and Electronics, Microelectronics, Data Storage, Solar Products, Medical Equipment, Cutting Tools, Architectural Glasses, Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
Angstrom Engineering Inc., Denton Vacuum, HEF Groupe, IHI Corporation, Impact Coatings AB, Intevac, Inc., Kobe Steel Ltd., KOLZER SRL, Kurt J. Lesker Company, Lafer S.p.A., NISSIN ELECTRIC Co., Ltd., Oerlikon Group, and PCT Inc. |
The Global Physical Vapor Deposition Market is segmented on the basis of Type, Tire Size, Application, Distribution Channel, and regions.
Based on Type, the global Physical Vapor Depositions Market is segmented into Thermal Evaporation, Sputter Deposition, and Arc Vapor Deposition. The Thermal Evaporation segment held an XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031. Thermal evaporation is used to deposit both metals and nonmetals, including aluminum, chrome, gold, and indium. This deposition method is commonly used for applications involving electrical contacts.
Based on category, the global physical vapor deposition market is segmented Physical Vapor Deposition (PVD) Equipment, Physical Vapor Deposition (PVD) Materials, and Physical Vapor Deposition (PVD) Services. The Physical Vapor Deposition (PVD) Equipment held an XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031. Physical vapor deposition (PVD) equipment are crucial technology in various industries, providing advanced coating solutions for enhanced performance and durability of materials.
Based on application, the global physical vapor deposition market is segmented into Semiconductor and Electronics, Microelectronics, Data Storage, Solar Products, Medical Equipment, Cutting Tools, Architectural Glasses, and Others. The Semiconductor and Electronics held an XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031. The semiconductor industry has registered significant growth, driven by the growing demand for small, fast, and efficient electronic devices.
On the basis of region, the global physical vapor deposition market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & and Africa (MEA). In North America, the market in North America is projected to expand at a CAGR of XX% between 2022 and 2031. The US accounted for XX% share of the market in North America in 2022. The demand for functional coatings is increasing across various industries, such as aerospace, automotive, electronics, and medical devices, thereby fueling the PVD market. In Europe, the market in Europe is anticipated to expand at a CAGR of XX% between 2023 and 2031. The market in Germany is projected to register significant growth, due to its strong industrial base, including the automotive, machinery, pharmaceuticals, and manufacturing industries. The expansion of these industries drives the demand for PVD processes.
In-depth Analysis of the Global Physical Vapor Deposition Market
Historical, Current, and Projected Market Size in terms of Value and Volume
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints, and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Physical Vapor Deposition Market Performance
Key players operating in the market are Angstrom Engineering Inc., Denton Vacuum, HEF Groupe, IHI Corporation, Impact Coatings AB, Intevac, Inc., Kobe Steel Ltd., KOLZER SRL, Kurt J. Lesker Company, Lafer S.p.A., NISSIN ELECTRIC Co., Ltd., Oerlikon Group, and PCT Inc. These companies are considered as key manufacturers of Physical Vapor Deposition based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunity for the Physical Vapor Deposition market.
Additional company profiles are provided on request. For a discussion related to above findings, click Speak to Analyst
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The Physical Vapor Deposition market is projected to expand at a rapid pace globally, owing to Growing Demand from Electronics Industry, Increasing Applications in Automotive Industry, Rising Usage in Medical Industry, and Growing Awareness of Environmental Benefits.
According to this Growth Market Reports report, The Global Physical Vapor Deposition Market was valued at USD 18,570.0 Million in 2022 and is expected to reach USD 36,438.0 Million in 2031, expanding at a CAGR of 7.8% during the forecast period.
End-uses of Physical Vapor Deposition include Semiconductor and Electronics, Microelectronics, Data Storage, Solar Products, Medical Equipment, Cutting Tools, Architectural Glasses, and Others.
Factors such as the Economic Growth, and Government Regulations and Policies are analyzed in the final report.
Major players include Angstrom Engineering Inc., Denton Vacuum, HEF Groupe, IHI Corporation, Impact Coatings AB, Intevac, Inc., Kobe Steel Ltd., KOLZER SRL, Kurt J. Lesker Company, Lafer S.p.A., NISSIN ELECTRIC Co., Ltd., Oerlikon Group, and PCT Inc.
In addition to market size (in US$ Million), Company Market Share (in % for base year 2021), Impact of Key Regulations, Cost Structure Analysis, Investment Feasibility Matrix: By Region, Recent Industry Developments, and Evolution and Technology Advancement in Physical Vapor Deposition Industry are available in the report.
The base year considered for the Global Physical Vapor Deposition Market report is 2022. The complete analysis period is 2016 to 2031, wherein, 2016 to 2021 are the historic years, and the forecast is provided from 2023 to 2031.