What are the Expected Growth and Size Projections for the Global Physical Vapor Deposition Market?
Strong growth is expected in the global physical vapor deposition (PVD) market in over the next few years. The market will witness an increase from $23.49 billion in 2024 to $25.78 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. This growth in the historic period can be credited to growth in semiconductor manufacturing, hard coatings and thin films’ expansion, advancements in material science, nanotechnology, and use in the aerospace and automotive industries.
On the forecasted front, the PVD market size is projected to rise to $37.98 billion by 2029 at a CAGR of 10.2%. This anticipated growth is attributed to green and sustainable PVD processes, miniaturization, high-performance coatings, growth in renewable energy applications, MEMS and NEMS technology expansion, and customized coatings for various industries.
Get Your Free Sample of The Global Physical Vapor Deposition Market Report
https://www.thebusinessresearchcompany.com/sample.aspx?id=5156&type=smp
What are the Key Factors Driving the Physical Vapor Deposition Market Growth?
A key driver for the PVD market is an increased demand for medical devices and equipment. PVD techniques create extremely strong and thin coatings on stainless steel, titanium, ceramics, and other advanced products. Increased corrosion resistance for medical device coatings, orthopedic surgical instruments, and implants are realized from PVD coating methods. For instance, the USA, which is the world’s largest medical device sector, is projected to value $208 billion by 2023 according to the International Trade Administration (ITA). Therefore, this surge in demand propels the growth of the physical vapor deposition market.
Can you Detail the Major Segments in the Global Physical Vapor Deposition Market?
The physical vapor deposition market report covers the market segmented as follows:
1) By Type: PVD Equipment, PVD Materials, PVD Services.
2) By Process: Thermal Evaporation, Sputter Deposition.
3) By Application: Microelectronics, Data Storage, Solar products, Cutting Tools, Medical Equipment, Other Applications.
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/physical-vapor-deposition-global-market-report
Who are the Major Market Players in the Physical Vapor Deposition Market?
The key companies operating in the physical vapor deposition market include Applied Materials Inc., IHI Hauzer B.V., Oerlikon Balzers Coating AG, Advanced Energy Industries Inc., Platit AG, Semicore Equipment Inc., Angstrom Engineering Inc., Singulus Technologies AG, Veeco Instruments Inc., AJA International Inc., Buhler Alzenau GmbH, Intevac Inc., Impact Coatings AB, Mustang Vacuum Systems Inc., Silfex Inc., Denton Vacuum LLC, CHA Industries Inc., Plasma Quest Limited, Kurt J. Lesker Company, HEF USA LLC, Tokyo Electron Limited, Richter Precision Inc., Lam Research Corporation, KDF Electronics & Vacuum Services Inc., Impreglon Canada Ltd., Plasma-Therm LLC, ULVAC Inc., voestalpine AG, ASM International N.V., Techmetals Inc.
What are the Latest Trends in the Physical Vapor Deposition Market?
Many companies in the PVD market are innovating with products offering excellent thermal stability. For instance, in September 2022, Walter AG, a Germany-based machine industry company, launched the Tiger·tec Gold physical vapor deposition PVD Grade WSP45G. This product, with its highly crystallized aluminum oxide (Al2O3) multilayer, offers impressive thermal stability and is suitable for various applications.
Which Region is the Largest in the Physical Vapor Deposition Market?
In 2024, Asia-Pacific was identified as the largest region in the PVD market. At the same time, North America was seen as the fastest-growing region in terms of PVD market share. Other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East and Africa.
What Does The Physical Vapor Deposition Market Report 2025 Offer?
Physical vapor deposition refers to distinct vacuum deposition methods used to create thin films and coatings. PVD describes a method where a material moves from a condensed to a vapor phase and back to a thin-film condensed phase. The Physical Vapor Deposition Market research report from The Business Research Company provides global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5156
About The Business Research Company
Armed with over 15000+ reports from 27 industries and covering 60+ geographies, The Business Research Company offers comprehensive, data-rich research and insights backed by 1,500,000 datasets, innovative secondary research and unique inputs from industry leaders. The Business Research Company is your destination for information to stay ahead.
Our flagship product, the Global Market Model offers a premier market intelligence platform delivering comprehensive and updated forecasts to support your informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
