February 16, 2023 13:29 ET | Source: Contrive Datum Insights Pvt Ltd Contrive Datum Insights Pvt Ltd
Farmington, Feb. 16, 2023 (GLOBE NEWSWIRE) -- The global PVD Coating Machinery Market size was valued at USD 2.65 Billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030. During the projection period, the industrial manufacturing sector is most expected to drive market expansion. Using physical vapour deposition, a coating can be applied to the surface of tools and parts to improve their functionality and appearance. As a result of the resumption of industrial output, it is anticipated that the market will continue to expand at a stable rate during the remainder of the forecast period. Physical Vapor Deposition Tools
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People in the United States anticipate that demand for PVD coating services will increase as domestic production increases. The government is developing a variety of strategies to reduce foreign manufacturing and increase home production. China, India, South Korea, and Singapore are also currently constructing new semiconductor manufacturing facilities. The expansion of the semiconductor sector is projected to increase demand for PVD services.
PVD Coating Machinery Market Recent Developments:
PVD Coating Machinery Market Segmentation Analysis:
In 2021, the PVD equipment category led the global PVD market with around 59% market share. This is due to the fact that they were the finest in their field. Companies that manufacture surface coatings are attempting to reduce their carbon emissions and implement environmentally friendly practises. Physical vapour deposition (PVD) provides various advantages, including a less carbon footprint. As a result, firms worldwide that coat surfaces have a significant demand for PVD equipment.
The microelectronics industry dominated the global PVD market in 2021, accounting for around 37% of market value. This dominance depends on its application. This is because an increasing number of packaging materials require physical vapour deposition. Because the PVD coating makes it easier for coated materials to operate with a wide variety of applications in the microelectronics industry, it is anticipated that the demand for PVD will increase dramatically in the coming years.
In 2021, Asia-Pacific accounted for more over 40 percent of global revenue, making it the market leader. This is mostly due to the region's abundance of large manufacturers of automobiles and automobile components, semiconductors, electrical devices, and solar cells. The expansion of the market is also anticipated to be fueled by expanding industrialization and higher investment. During the projection period, North America is anticipated to have a CAGR of 7.3%. A significant portion of the expansion can be traced to the industrialization of Mexico and Canada. In September 2021, the government of Mexico announced its intention to bolster the country's semiconductor manufacturing industry by establishing a production facility in the southern states.
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PVD Coating Machinery Market Dynamics:
In 2021, about 45.0% of total revenue was generated by the sputter deposition market segment. One of the most popular types of physical vapour deposition is sputter deposition. It has applications in numerous fields, including medical, aircraft, electronics, and more. When sputter deposition is utilised, a uniform, high-quality, and highly productive film layer is produced. In the coming years, the arc vapour deposition market segment is anticipated to expand at an annual pace of 8.1%. Arc vapour deposition is gaining popularity as a technique for applying ornamental, hard, and optical coatings. This is due to the fact that it can achieve large levels of ionisation even when operating at relatively low temperatures.
Metals are elements of chemistry present in nature. They are often rigid, glossy, and opaque. In addition, they are distinguished from other elements by their exceptional conductivity of electricity and heat. The cosmos contains 118 known chemical elements, 88 of which are metals. This makes metals the most prevalent element type. Iron, steel, aluminium, copper, brass, titanium, bronze, zinc, tin, chromium, and nickel are some of the metals that are frequently employed in industry. Tin and its alloys, bronze, and brass are more examples. On the majority of these metals and their alloys, PVD coatings can be applied. However, some materials require a chromium and nickel base layer to make them more durable and corrosion-resistant.
During the period covered by this forecast, the market for physical vapour deposition coatings is anticipated to expand by more than 5 percent annually. The market studied is primarily driven by demand from the electronics sector and the expanding use of the product in the medical industry. Because they are more biocompatible, physical vapour deposition coatings are often employed as a cosmetic coating on medical equipment. The widespread usage of physical vapour deposition coatings in medical equipment makes this possible.
PVD Coating Machinery Market Key Segments Covered:
Top Market Players: Oerlikon Group, Angstrom Engineering Inc., Kurt J. Lesker Company, Voestalpine AG, NISSIN ELECTRIC Co. Ltd., IHI Corporation, HEF Groupe, Kobe Steel Ltd., Lafer S.p.A., Inorcoat, KOLZER SRL, Advanced Coating Service, Impact Coatings AB, Denton Vacuum, Intevac, and Others.
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