According to a new report Global Physical Vapor Deposition Market, published by KBV Research, The Global Physical Vapor Deposition Market size is expected to reach $25.5 billion by 2025, rising at a market growth of 5.91% CAGR during the forecast period. PVD technology has gained widespread acceptance over the last few decades. Recent advances in technology have unveiled new companies in this field. Various mathematical models and numerical simulations are being studied in order to improve the process that can lead to a reduction in costs, as well as to improve the mechanical properties of the coating.
Microelectronics was the predominant application segment in 2018 and is projected to experience moderate growth over the forecast period. Solar product is the second-fastest-growing segment in the overall market. This segment is projected to gain prominence, especially in the Asia Pacific and Europe, due to increased R&D investment by both wafer and photovoltaic cell manufacturers to keep the low cost. The Medical Equipment market is expected to witness a CAGR of 7.6% during (2019 - 2025).
In 2018, PVD equipment was the largest segment with a dominant market share. The segment is expected to remain dominant even during the forecast period. The PVD Materials market is expected to witness a CAGR of 6.3% during (2019 - 2025).
North America is a leader in the overall regional market and is expected to post the significant CAGR between 2018 and 2025. This growth can be linked with sufficient regulatory support to promote domestic private investment in the semiconductor industry. The Asia-Pacific region is expected to see a substantial rise in demand for small-scale solar PV systems for battery storage applications. Demand in China, India, and Japan is expected to be high over the next few years due to a lack of power infrastructure. The market in Europe is expected to show prospective growth over the coming years due to an increase in demand for applications that use metallic layer coating on products to extend the durability of final products.
Structural Insights: https://www.kbvresearch.com/physical-vapor-deposition-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Applied Materials, Inc., Lam Research Corporation (Novellus Systems), Intevac, Inc., Advanced Energy Industries, Inc., Kurt J. Lesker Company, AJA International, Inc., Angstrom Engineering, Inc., CHA Industries, Inc., Denton Vacuum LLC, and PVD Products, Inc.
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