Physical Vapor Deposition Market : The research provides a breakdown and review of the market growth 2017 – 2025

Physical Vapor Deposition Market: Overview

Physical vapor deposition (PVD) is a process wherein a thin coating is formed on an object using the base material via evaporation and condensation. This technique is used in automotive, defense, healthcare, and many other industries.

The physical vapor deposition market may include a number of materials, equipment, and services. PVD materials include a number of commonly used raw materials such as aluminum, titanium, and nitrogen. Physical vapor deposition services comprise coating services and installation of various equipment. PVD equipment include those used for heating, vacuuming, coating, and condensation.

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PVD finds application in medical equipment, cutting tools, solar products, data storage, and microelectronics. Owing to a number of photovoltaic and wafer cell manufacturers investing in R&D efforts, the utilization of PVD technology has been quite high in solar products. On the other hand, rising government expenditure in providing people improved healthcare facilities has also resulted in increased usage of physical vapor deposition in medical equipment.

Physical Vapor Deposition Market: Trends

The global physical vapor deposition market is projected to witness steady growth in the coming years thanks to the application of this technology and equipment in a wide range of industries. This has been possible owing to rising awareness about the many benefits of PVD coatings over traditional coatings. The PVD coating technique offers advantages such as durability, strength, no residue, corrosion resistance, and environmental friendliness.

In contrast, the patent-protection defines this technology and this limits the growth opportunities for up and coming players. Moreover, physical vapor deposition requires high amounts of capital investment, which is another roadblock, especially for smaller vendors.

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Physical Vapor Deposition Market: Market Potential

Despite the consolidated and capital-intensive nature of the global physical vapor deposition market, it offers several opportunities for players. Recognizing the potential in this market, Applied Materials, Inc., a California, U.S.-based company that supplies material engineering solutions, launched a physical vapor deposition system called Applied Endura Cirrus HTX PVD in May 2015. This is used to develop titanium nitride (TiN) thin films and reflects Applied’s expertise in the application of physical vapor deposition technology in engineering titanium nitride films.

Physical Vapor Deposition Market: Regional Outlook

From a regional perspective, the global market for physical vapor deposition is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific accounts for a major share in the overall market owing to significant demand from several end-use industries. Considering the fact that PVD technology offers a rather high profit margin, large equipment manufacturers have focused their attention toward this lucrative market by setting up shop in many ASEAN countries. Another factor that drives the APAC physical vapor deposition market is growing interest in battery storage for solar PV systems in China, India, and Japan, where there is a high unmet need for power infrastructure.

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What makes North America a strong contender in the PVD market is the presence of a number of small and medium domestic players, including Vacuum Aurora Scientific Corp., AJA International, Inc., Novellus Systems, and KDF Electronics. In addition to this, strong regulatory support has encouraged rising number of investors to capitalize on the benefits offered by PVD technology.

Physical Vapor Deposition Market: Competitive Analysis

Semicore Equipment, Veeco Instruments, Ionbond (IHI Group), Novellus Systems, AJA International, Platit, Hauzer Coating Technology (IHI Group), ULVAC Technologies, and Oerlikon Balzers are some of the prominent players competing in the global physical vapor deposition market. It has been observed that this is an immensely consolidated market owing to the high costs of PVD equipment, which pose severe entry-level barriers for new entrants. Another challenge that new players have to endure is the patent-protected nature of this technology. Product innovation is a key area of focus for most players, in addition to strategic acquisitions and collaborations.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments

  • Market trends and dynamics

  • Supply and demand chain of the market

  • Market valuation (revenue and/or volume)

  • Key trends/opportunities/challenges

  • Forces defining present and estimated future state of the competitive landscape

  • Technological developments

  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments

  • Market trends and dynamics

  • Supply and demand chain of the market

  • Market valuation (revenue and/or volume)

  • Key trends/opportunities/challenges

  • Forces defining present and estimated future state of the competitive landscape

  • Technological developments

  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market

  • Recent developments in the market’s competitive landscape

  • Detailed analysis of market segments up to second or third level of segmentation

  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume

  • Key business strategies adopted by influential market vendors

  • Outline of the regulatory framework surrounding and governing numerous aspects of the market

  • Growth opportunities in emerging and established markets

  • Recommendations to market players to stay ahead of the competition

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