Physical Vapor Deposition Market Players: Applied Materials, Inc., CHA Industries, Intevac, Inc., And Denton Vacuum

 Physical Vapor Deposition Industry Overview

The global physical vapor deposition market size is expected to reach USD 28.2 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.8% from 2021 to 2028. The sustained growth for PVD in microelectronics and medical equipment is expected to boost the demand for PVD (Physical Vapor Deposition) over the forecast period.

 

The COVID-19 pandemic resulted in a severe disruption of the supply chain leading to raw material unavailability along with labor shortage for the electronics industry. The halting of ongoing production of electronics decreased the demand for thin-film coating using the PVD during the pandemic in 2020.

The sputtering technology in PVD has a number of advantages over other technologies which include higher packing densities and better adhesion. Moreover, sputtering can be carried out over a greater number of metals such as alloys and mixtures which is expected to increase the demand for sputtering systems over the forecast period.


Physical Vapor Deposition Market Segmentation

Grand View Research has segmented the global physical vapor deposition market on the basis of category, application, and region:

Based on the Category Insights, the market is segmented into PVD Equipment, PVD Materials, and PVD Services.

  • The PVD equipment segment led the market and accounted for the largest revenue share of 59.7% in 2020. Surface coating companies are focusing on reducing their carbon footprint and are in need of environmentally friendly processes, which is one of the benefits of physical vapor deposition and as a result positively impacting the market.
  • Physical vapor deposition coating is achieved with the help of quality equipment that helps to streamline the process. Manufacturers have been developing application-specific equipment mainly for automotive components, decorative coatings, large dies & broaches, and high estimates tool coatings due to which the demand for physical vapor deposition is expected to boost over the forecast period.
  • The PVD services segment is estimated to witness a CAGR of 6.7% from 2021 to 2028, in terms of revenue. Coating companies are offering PVD coating services which are in demand as PVD equipment is expensive. Moreover, PVD requires skilled operators which coating companies can provide. This is expected to increase the PVD services demand over the forecast period.

 

Based on the Application Insights, the market is segmented into Microelectronics, Data Storage, Solar Products, Cutting Tools, Medical Equipment, and Others.

  • Physical vapor deposition (sputtering) is used in the production of a magnetic disk that is a key component of hard disk drives. Increasing digitization and the introduction of big data, artificial intelligence, and the internet of thingshave resulted in an increase in demand for data storage. The aforementioned factors are expected to augment the demand for PVD in data storage.
  • The microelectronics segment led the market and accounted for the largest revenue share of over 37.5% in 2020 on account of the increasing demand for physical vapor deposition in packaging materials, including microelectromechanical systems in wireless and photonics applications. The demand for physical vapor deposition in microelectronics is likely to increase as PVD coating allows the coated material to integrate with a wide range of applications.
  • PVD coating helps in sharp edges and cutting applications such as end-milling, threading and drilling, where demand for tough cutting edge is relatively high. The use of physical vapor deposition coatings on cutting tools reduces wear and pick up of the tool, reduces the cycle time of the tool, and reduces the need for cutting fluid that, in turn, is anticipated to drive the PVD application market over the forecast period.
  • PVD is one of the most appropriate technologies for providing a wear-resistant, hard coating on medical devices and surgical instruments. The demand for thin-film coatings in performance improvement of dental and orthopedic implants, biomaterials, and Bio-MEMS is expected to boost the demand for physical vapor deposition in medical equipment over the forecast period.

 

Physical Vapor Deposition Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

PVD equipment manufacturers are focusing on developing advanced machinery which can deliver output with less cost and better efficiency. In August 2020, Advanced Energy Industries, Inc. introduced the Ascent multi-output power system which generates less cost as compared to plasma-enhanced chemical vapor deposition systems for photovoltaic cells.

Coating companies have developed a new business model where they offer coating services for PVD. Higher costs and the requirement of skilled operators are some of the factors responsible. As equipment manufacturers develop new systems with advanced technologies, the demand for PVD equipment is likely to increase from coating companies over the forecast period. Some of the prominent players in the physical vapor deposition market include:

  • Advanced Energy Industries, Inc.
  • AJA International, Inc.
  • Angstrom Engineering, Inc.
  • Applied Materials, Inc.
  • CHA Industries
  • Intevac, Inc.
  • Denton Vacuum
  • OC Oerlikon Management AG
  • IHI HAUZER B.V.
  • Impact Coatings AB
  • KDF Electronic & Vacuum Services Inc.
  • Johnsen Ultravac
  • Kurt J. Lesker Co.
  • Penta Technology (Suzhou) Co. Ltd
  • LAM RESEARCH CORPORATION

 

Order a free sample PDF of the Physical Vapor Deposition Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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