Global Physical Vapor Deposition Market Size Is Expected To Reach USD 27.02 Billion By 2025, It Is Projected To Register A CAGR of 6.1% / Grand View Research, Inc.
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PVD market is primarily driven by the rising demand for reliable and durable coatings in medical equipment, particularly from developing economies. Thus, the medical devices application segment is expected to have a strong growth potential during the estimated time period.
According to report published by Grand View Research, "Physical Vapor Deposition (PVD) Market Size, Share & Trends Analysis Report By Category (PVD Equipment, Material, Services), By Application (Medical Equipment, Solar Products), And Segment Forecasts, 2019 - 2025".
Physical vapor deposition is a coating mechanism carried out in a vacuum, in the presence of high temperature. It is used for making the coated products more attractive and durable for industrial applications that require high-speed machining, tooling, and magnetic storage devices. Increasing usage of thin film coatings in microelectronics and solar products is expected to augment the demand.
Moreover, rising number of end-use industry participants is projected to drive the market. Technological advancements is another growth-driving factor for the global PVD market. Growing need for highly sophisticated surface-related properties, such as super plasticity, magnetic, optical, electronic, and catalytic properties, by advanced mono-structured coatings is also contributing to the growth of this market. Rising efficiency and environmental benefits offered by these coatings coupled with rapidly expanding manufacturing sector in developing markets of Asia Pacific are expected to augment their demand over the forecast period.
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Further key findings from the study suggest:
The PVD market in microelectronics application segment was estimated at USD 6.37 billion in 2017
These products are used for coating semiconductors and LEDs to provide the base material with aesthetic properties like heat resistance and rigid surface
Middle East & Africa is expected to witness a substantial CAGR of 5.8% from 2018 to 2025
Rapidly developing healthcare industry is expected to drive the Physical Vapor Deposition (PVD) market in this region
Leading companies in the market are Advanced Energy Industries, Inc.; AJA International, Inc.; Veeco Instruments, Inc.; Angstrom Engineering, Inc.; and Applied Materials, Inc.
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Grand View Research has segmented the global physical vapor deposition (PVD) market on the basis of category, application, and region:
PVD Category Outlook (Revenue, USD Million, 2014 - 2025)
PVD Application Outlook (Revenue, USD Million, 2014 - 2025)
PVD Region Outlook (Revenue, USD Million, 2014 - 2025)
Middle East & Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 26 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 426 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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|Date:||Aug 16, 2019|
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