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.
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 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.
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.
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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