USD 28.32 billion
Report ID: SQSG20I2020 | Region: Global | Published Date: April, 2023 | Pages: 242 | Tables: 94 | Figures: 76
Vacuum Coating Equipment Market size was valued at USD 28.32 billion in 2021 and is poised to grow from USD 31.09 billion in 2022 to USD 63.49 billion by 2030, growing at a CAGR of 9.5% in the forecast period (2023-2030).
Utilizing vacuum coating through physical vapor deposition and chemical vapor deposition techniques, among others, helps to provide notable qualities including improved functioning, uniform coverage, durability, corrosion resistance, and aesthetic appeal. Vacuum technology, which implies a sub-atmospheric pressure situation and a molecular or atomic condensable vapor for thin film deposition and coating over the vacuum, is used in vacuum coating. Auxiliary pumping system, vacuum main body cavity, film-forming control system, and evaporation system are further features of the apparatus. These sources of vapor come from chemical, liquid, or solid surface vapor processes. The technology's numerous uses have increased demand for vacuum coating equipment from a variety of end-user industries, including automation, electronics, energy and power, and vehicles. The vacuum coating equipment market has undergone tremendous development recently and is anticipated to expand quickly over the next few years. Due to the dominating electrical and electronic sector in the region, the Asia Pacific region has a sizable portion of the worldwide vacuum coating equipment market. The market is expanding as a result of technical development.
US Vacuum Coating Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 28.32 billion
Chemical Vapor Deposition (CVD)
Physical Vapor Deposition (PVD)
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The Global Vacuum Coating Equipment Market is segmented based on product type, process, application, and region. Based on Product Type, it is categorized into Vacuum Evaporation Coating Equipment, Vacuum Sputtering Coating Equipment, Chemical Vapor Deposition (CVD) Coating Equipment and Others. Based on Process, it is categorized into Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD) and Other. Based on Application, it is categorized into Automotive, Electronics, Packaging, Optical and Glass and Others. Based on region, Vacuum Coating Equipment Market is categorized into North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.
Vacuum Coating Equipment Market Analysis by Process
On the basis of Process, the chemical vapor deposition (CVD) segment is expected to dominate the global vacuum coating equipment market over the forecast period. Over the projected period, the chemical vapor deposition (CVD) segment will produce the most revenue. It is becoming the most well-liked and rapidly developing vacuum coating technology as a result of its capacity to deposit a coating onto a substrate in a variety of directions. High-performance coatings are created using this process, often in a vacuum. One of the most often utilized methods for material processing is the formation of thin films on a heated substrate as a result of chemical reactions involving gas-phase precursors.
By 2028, the PVD application's microelectronics sub-segment is anticipated to control around 45% of the vacuum coating equipment market. Manufacturing small electronic designs and components is referred to as microelectronics. PVD coating is used in the construction of microelectronic devices and as seed layers for plating. It is frequently used to deposit various materials, such as copper and tungsten, on silicon wafers. The automotive, manufacturing, and medical technology industries will be the ones driving demand for microelectronics through digitalization, the Internet of Things (IoT), and Industry 4.0.
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Based on the region, the Asia Pacific region currently dominates the global vacuum coating equipment market. It is expected that the Asia Pacific vacuum coating equipment market will grow to a value of around US$ 21 billion. Industry statistics are anticipated to be driven by the region's rising demand for electric automobiles. Vacuum coatings are essential for preventing corrosion and other problems to the substrate of electric vehicles and their parts. The expansion of the regional market is being aided by technological improvements. To improve their positions, businesses are developing cutting-edge technology solutions for vacuum coatings. Ture, dairy farms, and liquid metering, particularly in Asia Pacific.
Growing government investment from both developing and established countries is expected to fuel the expansion of the market. By the end of the forecast year, the Middle East and Africa vacuum coating equipment market is anticipated to generate more than US$ 1.1 billion in revenue. Future market growth in MEA is anticipated to be positively impacted by favorable government policies.
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Vacuum Coating Equipment Market Drivers
Vacuum Coating Equipment Market Restraints
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The vacuum coating equipment market is moderately fragmented. The major businesses employ a variety of tactics to capture a sizable portion of the market, including acquisitions, partnerships, joint ventures, the development of innovative products, and distribution agreements.
Vacuum Coating Equipment Market Top Players Company Profiles
Vacuum Coating Equipment Market Recent Developments
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According to the analysis, the global vacuum coating equipment market is currently led by countries in the Asia Pacific region, due to rising demand for electric automobiles in this region. Along with this, the chemical vapor deposition (CVD) segment is projected to lead the market over the forecast period.
|Market size value in 2021||USD 28.32 billion|
|Market size value in 2030||USD 31.09 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
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For the Global Vacuum Coating Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Vacuum Coating Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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