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Vacuum Coating Equipment MarketGlobal Industry Overview By Size, Trends & Growth Forecast To 2024|Buhler AG, PVD Products, Inc., Applied Materials, Inc., IHI Corporation, Singulus Technologies AG, Kolzer, T-M Vacuum Products, Inc., ULVAC, Inc., CVD Equipm

03-18-2020 05:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global market Insights

Vacuum Coating Equipment Market

Vacuum Coating Equipment Market

Physical vapor deposition (PVD) vacuum coating equipment market is witnessing a significant demand from industrial and automotive sectors. A continuous upsurge in passenger vehicle sales rate globally is expected to leave an influential impact on the overall vacuum coating equipment market. PVD coating day by day is replacing other conventional coatings such as chrome plating, painting, electroplating, etc. Longer shelf life, scratch resistant surface, bright colors that result in better performance of the engine, are some of the driving factors behind the industry's significant expansion. PVD coating based vacuum coating equipment industry almost covered 39% of the overall market in 2015 and is anticipated to grow strikingly at an annual rate of 9% over the coming seven years. However, the complexity of the product may somewhat hinder the growth projection.

The application spectrum of PVD coatings comprises microelectronics, cutting tools, medical equipment, solar power plants, and storage. Among these, the solar power plants are likely to exhibit a commendable demand for PVD vacuum coating equipment market on account of the rising initiatives both by the private and government entities to set up solar power plants, particularly across the developing countries such as India and China. In addition, the other PVD coating application segments such as microelectronics and storage are anticipated to witness moderate gains over the coming years.

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Combating the drawbacks of PVD coating such as complex functioning, Magnetron sputtering has emerged as the most promising product in the overall vacuum coating equipment industry. Despite having a comparatively lower market share than the other vacuum coating products, this segment is slated to witness an appreciable CAGR of 9% over the coming seven years. The growth can be attributed to the wide range of applications of this product such as electrical resistance films, corrosion-resistant films, magnetic films, opto storage devices, gas sensors, and metallizing for microelectronic circuits and chip carriers.

The evolving automotive industry is also offering huge business opportunities to the CVD vacuum coating equipment market. This equipment provides a uniform coating layer on the product and can be customized as per the product's specifications. CVD vacuum coating equipment industry is also gaining a considerable share from its heavy deployment in integrated circuits, photovoltaics devices, metal-organic frameworks, polymerization, low-K dielectrics, and gas sensing.
Taking into consideration the regional trends, North America vacuum coating equipment industry is forecast to experience a prominent expansion over the next few years. The growth can be attributed to high usage of the equipment across the solar energy sector. U.S. vacuum coating equipment market is foreseen to contribute to a major portion of the regional revenue.

APAC vacuum coating equipment market, which contributed over 50% of the revenue in 2015, is predicted to boost the overall industry growth in the future subject to rising energy requirement and the huge presence of key smartphone manufacturers in the region. LATAM vacuum coating equipment industry size is forecast to observe a massive surge over the coming seven years, driven by escalating equipment demand for metallizing chip carriers and microelectronic circuits.

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Germany is expected to make notable contributions toward Europe vacuum coating equipment industry share subject to the thriving automobile sector. Germany vacuum coating equipment market size was over USD 910 million in 2015 and is forecast to grow remarkably over the years to come.

Buhler Group, Singulus Technologies AG, The BCI Blösch Group, OC Oerlikon, Scientific Vacuum Systems Limited, CVD Equipment Corporation, Kolzer SRL, Applied Materials Incorporation, IHI Corporation, ULVAC Technologies Incorporation, Semicore Equipment Incorporation, PVD Products Incorporation, AJA International, T-M Vacuum Products Incorporation, and The Miba Coating Group are the key players of vacuum coating equipment market.

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