- The burgeoning demand for physical vapor deposition process across the electronics industry is assuring great growth for the global physical vapor deposition market during the forecast period of 2019-2027
- The global physical vapor deposition market is expected to attain a valuation of US$ 40.1 bn by the end of 2027 from US$ 19.2 bn in 2018
ALBANY, N.Y, Oct. 5, 2020 /PRNewswire/ -- The use of the physical vapor deposition (PVD) process to add a thin protective layer across diverse products such as cutting tools, storage devices, solar products, microelectronics, medical equipment, etc may bring tremendous growth prospects for the global physical vapor deposition market through the forecast period of 2019-2027.
After a scrutinized analysis of the various factors associated with the global physical vapor deposition market, the researchers have predicted it to expand at a healthy CAGR of 8.5 percent during the assessment period of 2019-2027. The global physical vapor deposition market was valued at US$ 19.2 bn in 2018 and is prognosticated to reach 40.1 bn by the end of the forecast period, which is 2027.
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The rising need for the development of novel coating materials for low friction is assisting the physical vapor deposition market to acquire a front seat in terms of growth. Furthermore, the physical vapor deposition coating process gives an appealing and bright look, thus inviting phenomenal growth.
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Physical Vapor Deposition Market: Key Revelations
- In regards to the category, the PVD equipment segment held a large share of the global physical vapor deposition market during the assessment period of 2019-2027
- The revenue share of the PVD equipment segment was more than 50 percent in 2018
- The PVD services segment is stated to observe exceptional growth during this forecast period
- Microelectronics is one of the major application segments and acquired more than 40 percent of share in 2018
- PVD for cutting tools applications may bring expansive growth opportunities for the physical vapor deposition market
- Asia Pacific was the largest contributor in 2018 and held a large share of more than 40 percent
- China, India, and Japan may bring substantial growth for the physical vapor deposition market in Asia Pacific
- North America stood second in terms of regional growth in 2018
- Europe acquired more than 19 percent of the global market share in 2018
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Physical Vapor Deposition Market: Growth Propellers
The utilization of microelectronics is increasing at a rapid rate. Hence, this aspect may serve as a prominent growth factor for the growth of the physical vapor deposition market.
- Adoption of the physical vapor deposition process across diverse medical devices may bring expansive growth opportunities for the physical vapor deposition market
- The booming construction sector and the increasing production capacity in the automotive sector is bringing good growth prospects for the physical vapor deposition market
- The eco-friendly properties of the physical vapor deposition process over other substitutes may bring considerable growth
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Physical Vapor Deposition Market: Merits
The advantages of physical vapor deposition over its alternatives may bring immense growth prospects for the physical vapor deposition market. Some of the advantages etched with the physical vapor deposition process are:
- Enhanced wear resistance
- Chemical barrier
- Biocompatibility
- Decreased friction
- Low complexity
- Low-temperature operations
Physical Vapor Deposition Market: Prominent Participants
Some well-entrenched participants in the physical vapor deposition market are Singulus Technologies AG, Mustang Vacuum Systems, Applied Materials, Inc., HEF USA, Oerlikon Balzers, and Buhler AG.
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Global Physical Vapor Deposition Market: Segmentation
By Category
- PVD Equipment
- PVD Services
- PVD Materials
- By Application
- Microelectronics
- Data Storage
- Solar Products
- Medical Equipment
- Cutting Tools
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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