Physical Vapor Deposition Market is projected to reach US$33,335.2 mn by 2025

The vendor landscape of the global physical vapor deposition (PVD) market features a high level of competition with tough entry barriers for small companies owing to the high degree of patent protection given to PVD technologies, processes, materials, and systems observes Transparency Market Research in a recent report. The over 200 patents in the market have largely limited the entry of new companies in the market and have further restricted the expansion of small companies.

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Some of the leading companies in the market are Veeco Instruments Inc., Oerlikon Balzers, Platit AG, Applied Materials, Inc., Mustang Vacuum Systems, Singulus Technologies AG, HEF USA, Semicore Equipment, Inc., ULVAC Inc., Silfex Inc. (Lam Research Corp.), IHI Corporation, and Buhler AG.

According to the report, the global PVD market is expected to expand at a promising CAGR of 8.3% over the period between 2017 and 2025, rising from a valuation of US$16,410.9 mn in 2016 to US$33,335.2 mn by 2025.

Of the key categories associated with the PVD market examined in the report, the segment of PVD equipment held nearly half of the overall market in 2016, making for the most in-demand and lucrative segment. The segment is also likely to remain the most lucrative segment over the forecast period, chiefly owing to the high costs of PVD equipment. However, the segment of services is likely to expand at a more promising pace as consumers look to cut down on operational costs as the level of competition rises in the business world. Geographically, the market in Asia Pacific is expected to account for a significant share in the global market owing to the steady demand for PVD services, equipment, and materials from key end-use industries.

Rising Global Demand for Microelectronics to Bode Well for Market Growth

End-use industries such as medical equipment and microelectronics are expected to increase the overall demand for products cured with PVD technology. Important applications of the PVD technology, such as microelectronics, data storage devices, cutting tools, architectural glasses, and medical equipment are in huge demand across a number of industries. The thriving automotive and construction industries are also expected to bode well for the expansion of the global PVD market. Rising focus on the inclusion of green power technologies in their energy mixes are driving the increased demand for effective solar energy products, which, in turn, is also expected to drive the market.

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Restraints that threaten to hamper the global physical vapor deposition market include the strict patent protection laws on existing PVD technologies. This could create difficulties for new entrants to expand in the global physical vapor deposition market, thereby reducing the chances of healthy market competition. Patent protection will significantly increase the initial investments required by new players, strengthening the possibility of market monopoly.

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This release was published on openPR.