Enjoy complimentary customisation on priority with our Enterprise License!
The physical vapor deposition (PVD) equipment market is estimated to grow at a CAGR of 11.23% between 2022 and 2027. The size of the market is forecast to increase by USD 4,255.71 million. The growth of the market depends on several factors, including growing demand for electronic devices, expanding automotive industry, and an increase in investment in the aerospace industry.
This report extensively covers market segmentation by type (sputtering deposition and evaporation deposition), application (microelectronics, medical devices and equipment, solar products, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, Download Report Sample
The reports categorize the global physical vapor deposition (PVD) equipment market as a part of the global industrial machinery market. The parent global industrial machinery market covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The growing demand for electronic devices is notably driving the market growth, although factors such as the high capital costs associated with PVD equipment may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Physical Vapor Deposition (PVD) Equipment Market Driver
The growing demand for electronic devices is notably driving market growth. PVD equipment is used in the production of smartphones, laptops, and other consumer electronics. An increase in the demand for these electronic components has led to an increase in the use of PVD equipment. Additionally, the increasing miniaturization of electronic components and the need for high-performance and durable products are also driving the demand for PVD equipment.
PVD technology allows manufacturers to deposit thin film coatings on electronic components, improving their durability, functionality, and performance. With the increasing popularity of smartphones and the demand for high-performance and durable devices, manufacturers are shifting to PVD technology to deposit thin film coatings on electronic components such as display panels, touch panels, and others. The growing demand for electronic devices globally is a key driver of the PVD equipment market during the forecast period.
Significant Physical Vapor Deposition (PVD) Equipment Market Trend
Increased automation is the major challenge impeding market growth. Automation has made the process more efficient, consistent, and reliable, reducing the need for manual intervention and increasing production rates. Automated PVD systems are used to perform depositions with greater accuracy and repeatability, resulting in improved film quality.
Automation has made it possible to monitor and control various aspects of the deposition process, such as temperature, pressure, and gas flow, in real-time. This allows for greater control over the process and helps in ensuring consistent results. Automated PVD systems also offer benefits in terms of operator safety and convenience. By reducing the need for manual intervention, automated PVD systems can minimize exposure to hazardous materials and reduce the risk of operator error. Thus, this trend is expected to have a significant impact on the global PVD equipment market during the forecast period.
Major Physical Vapor Deposition (PVD) Equipment Market Challenge
High capital costs associated with PVD equipment is the major challenge impeding the market growth. Small enterprises have limited budgets and may not be able to afford the initial purchase cost and set-up cost as the investment required is huge. Additionally, the specialized nature of the equipment and the need for trained personnel to operate and maintain it can be challenging.
Another challenge is the need for ongoing maintenance and replacement of parts, which can add to the overall cost of using PVD equipment. The high cost of consumables, such as the targets used in the deposition process, can also be a challenge. However, despite these challenges, many companies find that the benefits of PVD, such as improved film quality, increased efficiency, and reduced waste, make it a valuable investment in the long run. By carefully considering the cost and benefits, companies can make informed decisions about whether or not to adopt PVD technology. Such factors are expected to hinder the growth of the global PVD equipment market during the forecast period.
Key Physical Vapor Deposition (PVD) Equipment Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Physical Vapor Deposition (PVD) Equipment Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aja International Inc. - The company offers physical vapor deposition PVD equipment such as ATC Orion Series Sputtering Systems, ATC Flagship Series Sputtering Systems, and ATC-B Series Batch Coating Systems as its key offerings. Under its single reporting segment, the company operates as a manufacturer of thin film deposition systems including magnetron sputtering, e-beam evaporation, thermal evaporation, and ion milling systems.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth of the sputtering deposition segment will be significant during the forecast period. Sputtering is a type of PVD process used to deposit thin films onto a substrate. Sputtering deposition requires specialized PVD equipment such as a vacuum chamber, target, process control system, etc. The process control system is used to monitor and control the deposition process. This includes controlling parameters such as the vacuum level and temperature that affect the quality of the film.
Get a glance at the market contribution of various segments Request a PDF Sample
The sputtering deposition segment was valued at USD 2,408.79 million in 2017 and continued to grow until 2021. Manufacturers can achieve precise control over the film quality, thickness, and composition, using sputtering equipment which will enable them to produce high-quality products with consistent performance during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The PVD equipment market in the Asia Pacific (APAC) region is expected to grow rapidly due to the increasing demand from various industries, including electronics, automotive, aerospace, and medical. The growth of the PVD equipment market in the APAC region is driven by factors such as the growing demand for electronic devices, expansion of the automotive industry, increase in investment in the aerospace industry, and growing demand for medical devices. Such developments are expected to drive the growth of the PVD equipment market in the region during the forecast period.
The COVID-19 pandemic had a negative impact on the PVD equipment market in APAC. However, the market is currently recovering, and the demand for PVD equipment is expected to grow in the coming years, driven by the increasing demand for electronic devices, expansion of the automotive and aerospace industries, and growing demand for medical devices during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Physical Vapor Deposition (PVD) Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
155 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.23% |
Market growth 2023-2027 |
USD 4,255.71 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.09 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 45% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Advanced Energy Industries Inc., Aja International Inc., Angstrom Engineering Inc., Applied Materials Inc., BCI Bloesch Holding AG, Buhler AG, HEF, IHI Corp., Intevac Inc., KDF Technologies LLC, Kurt J Lesker Co., Mustang Vacuum Systems Inc., NAURA Technology Group Co. Ltd., OC Oerlikon Corp. AG, Richter Precision Inc., Semicore Equipment Inc., Singulus Technologies AG, Tokyo Electron Ltd., Ulvac Inc., and Veeco Instruments Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.