Physical Vapor Deposition Market Challenges and Growth Opportunities Analysis till 2028

San Francisco, California , USA, June 23, 2022 — /EPR Network/ —

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.

The PVD coating is beginning to gain more traction, especially from the automobile industry. With low metal layer thickness, companies have been able to achieve full recyclability for automobile components. Moreover, PVD coatings do not emit Volatile Organic Compounds which is expected to increase the demand for PVD 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.
  • The PVD services segment is estimated to witness a CAGR of 6.7% from 2021 to 2028, in terms of revenue.

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

  • 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 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
  • Central & South America
  • Middle East & Africa (MEA)

Key Companies Profile

Industry players are increasingly focusing on adopting inorganic growth strategies by acquiring relatively smaller industry participants and other ecosystem players. Market participants are further emphasizing collaborating with other players to expand and optimize their market share.

Some prominent players in the global 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
  • Impact Coatings AB
  • KDF Electronic & Vacuum Services Inc.
  • Johnsen Ultravac
  • Kurt J. Lesker Co.
  • Penta Technology (Suzhou) Co. Ltd.

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

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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.


Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

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