Physical Vapor Deposition Market Estimated At USD 4,997.3 Million By 2030

 San Francisco, 2 April 2024: The Report Physical Vapor Deposition Market Size, Share & Trends Analysis Report By Product (Sputter Deposition, Thermal Evaporation), By Application (Solar Products, Cutting Tools), By Region, And Segment Forecasts, 2024 - 2030

The global physical vapor deposition market size is expected to reach USD 4,997.3 million by 2030, registering a CAGR of 7.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rapid growth in the semiconductor & electronics industry, coupled with rising demand for physical vapor deposition (PVD) in the medical sector, is expected to propel market growth. According to Semiconductor Industry Association 2023 report, the sale of semiconductors increased from USD 9.54 billion in May 2023 to USD 9.94 in June 2023 in the Americas, whereas the sale of semiconductors in Europe increased from USD 4.67 billion in May 2023 to USD 4.68 billion in June 2023, which shows an increase of 4.2% and 0.1%, respectively.

As per the World Semiconductor Trade Statistics (WSTS) and Semiconductor Industry Association, 2023, Asia Pacific dominated the regional semiconductor market with 61.7% in 2022, whereas Japan held 7.9% of the global semiconductor market. Physical Vapor Deposition (PVD) is a widely used technique in the semiconductor industry for thin film deposition. PVD involves the deposition of a thin film of material onto a substrate through the physical processes of evaporation or sputtering. This technique is essential in the production of semiconductor devices, as it allows for the precise deposition of thin films with specific properties. These factors are anticipated to propel product demand in the coming years. Europe is one of the major markets for medical equipment in the world and accounts for a significant share of the global demand for medical equipment.

The growth in demand for medical devices in countries, such as Germany, Italy, the UK, and France, is, in turn, expected to drive industry growth. Moreover, robust medical infrastructure, coupled with the presence of large pharmaceutical multinationals, is likely to spur the demand for medical devices in Europe. PVD is one of the most appropriate technologies for providing a wear-resistant, hard coating on medical devices and surgical instruments. Surgical tool ranges from traditional scalpels, and saws to horning tools; motorized drills, and retractors are coated with titanium nitride and aluminum titanium nitride to improve the sharpness and durability of the tools. Dental and orthopedic implants, biomaterials, and Bio-MEMS make use of thin-film coatings to improve the product performance. These factors are expected to propel product demand.

Access Research Report of Physical Vapor Deposition Market @ https://www.grandviewresearch.com/industry-analysis/physical-vapor-deposition-pvd-market

Physical Vapor Deposition Market Report Highlights

• The sputter deposition segment accounted for a revenue share of 47.6% in 2023. Sputtering can be used for the deposition of various metallic films on wafers, including aluminum, gold, platinum, aluminum alloys, and tungsten, among others
• Arc vapor deposition achieves high deposition rates, making it a rapid and efficient process for coating substrates with thin films. This is beneficial for industries where high throughput and productivity are essential
• PVD plays a crucial role in the semiconductor & electronics industry by providing a precise and controlled method for depositing thin films on semiconductor wafers and electronic components. In semiconductor manufacturing, PVD is extensively utilized to deposit metal films for interconnects, barrier layers to prevent material diffusion, and dielectric coatings for insulation; in addition, enhancing their performance, durability, and conductivity
• PVD is instrumental in the solar industry for enhancing the performance and durability of various solar products. Thin-film solar cells, a key component in solar panels, benefit from PVD processes, such as sputtering, to deposit semiconductor layers with precise thickness and composition
• Asia Pacific dominated the global industry in 2023 owing to the extensive manufacturing of automotive and auto components, semiconductor & electronic products, and solar cellsin this region. Moreover, rapid industrialization and increasing investments are likely to fuel market growth
• In June 2023, Oerlikon Balzers entered into a ten-year agreement with ITP Aero to utilize Oerlikon's innovative wear-resistant coating, BALORA TECH PRO, for the PW800 turbofan engine components, which are integral to the propulsion systems of the newly launched Dassault Falcon 6X business jets and Gulfstream G500/G600

Physical Vapor Deposition Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 3,213.8 million
Revenue forecast in 2030	USD 4,997.3 million
Growth rate	CAGR of 7.6% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2023
Forecast period	2024 - 2030

List of Key Players of Physical Vapor Deposition Market

• Oerlikon Group
• Angstrom Engineering Inc.
• Kurt J. Lesker Company
• Voestalpine AG
• NISSIN ELECTRIC Co., Ltd
• IHI Corporation
• HEF Groupe
• Kobe Steel Ltd.
• Lafer S.p.A.
• Inorcoat
• KOLZER SRL
• Advanced Coating Service
• Impact Coatings AB
• Denton Vacuum
• Intevac, Inc.

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