What is the global market size of Vacuum Coating Equipment?

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).

Global Vacuum Coating Equipment Market Size, Share, Growth Analysis, By Product Type(Vacuum Evaporation Coating Equipment, Vacuum Sputtering Coating Equipment), By Process(Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD)), By Application(Automotive, Electronics) - Industry Forecast 2024-2031

Report ID: SQMIG20I2181 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 94 | Figures: 76

Global Vacuum Coating Equipment Market News

In May 2021, China National Building Materials (CNBM) and Singular Technologies AG (Singular Technologies) came to an agreement for the manufacturing of the next vacuum coating machines.

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Vacuum Coating Equipment Market size was valued at USD 28.32 billion in 2019 and is poised to grow from USD 31.09 billion in 2023 to USD 63.49 billion by 2031, growing at a CAGR of 9.5% in the forecast period (2024-2031).

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. 'Applied Materials Inc.', 'Buhler Leybold Optics', 'Veeco Instruments Inc.', 'Oerlikon Balzers', 'ULVAC Inc.', 'IHI Ionbond AG', 'Singulus Technologies AG', 'BCI Blösch Group', 'Mustang Vacuum Systems', 'AJA International Inc.', 'Kolzer Srl', 'Semicore Equipment Inc.', 'Denton Vacuum LLC', 'Angstrom Engineering Inc.', 'PVD Products, Inc.', 'Satisloh AG', 'Leybold GmbH', 'CVD Equipment Corporation', 'BOBST', 'Platit AG'

The demand for equipment will be driven by the semiconductor industry's rapid expansion. Vacuum coatings assist in prolonging consumable lifetimes and decreasing semiconductor chamber downtime. Quartz and yttria-stabilized zirconia are two examples of the materials used in vacuum coating semiconductors. Coatings that are clear and chemically inert are delivered by vacuum coating equipment. As a result, ownership costs decline, and maintenance cycles are synchronized. Vacuum coating's technical difficulties will reduce industry revenue. Melting point sets a restriction on the target material for evaporation plating. Because of this, it is challenging to use at high melting points. Since UV oil cannot be applied, vacuum coating provides poor adherence.

Continuous advancements in coating techniques and coating equipment are one of the trends in the coating equipment market in a variety of applications. End-use industries including automotive & transportation, aerospace, and other sectors require specialized coating equipment. Manufacturers of coating equipment are always doing R&D and creating cutting-edge machinery to satisfy consumer demand. Faster coating procedures and durable coatings are being made possible by new technological advancements in coating equipment. The market for powder coating equipment was boosted by the development of tribo guns. A novel coating that can reduce air drag and get rid of dirt accumulation has been created by one coating company. Market participants have the chance to grow their markets through the development of such innovative technology.

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.

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Global Vacuum Coating Equipment Market News

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