Physical Vapor Deposition (PVD) Coating System Market to Witness Robust Expansion by 2028

PVD coating system market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. PVD is a multistep process and is characterized by a procedure that includes the condensation of a substance to a vapour phase and again to a thin film condensed phase. PVD is widely used in the production of substances that require thin films for mechanical, optical, chemical, or electronic functions, and is semiconductor devices such as thin-film solar panels, aluminized PET film for food packaging and balloons, and titanium nitride-coated cutting tools for metalworking. Moreover, technological advancements, and contributions by key players such as Denton Vacuum, Diamond Materials Gmbh, and High-Temperature Superconductors, Inc., will further drive the market growth. For instance, in June 2022, High-Temperature Superconductors, Inc. announced a successful acquisition of PVD Products Inc., which specializes in the manufacturing of PVD techniques and PLD systems. The acquisition is expected to strengthen the market position of HTS, Inc. 

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The global PVD coating system market is segmented based on substrates, materials, and applications. Based on substrates the market is sub-segmented into nylon, plastics, glass, ceramics and metals. Based on materials the market is sub-divided into titanium, zirconium, aluminium, stainless steel and copper. Based on application the market is categorized into electronics and panel display, optics and glass, automotive, tools and hardware, and others.  Based on substrates, the plastic PVD coating segment is expected to grow at a significant rate, owing to its corrosion-resistant electroplating property that improves the finishing of the surface, and provides superior performance while posing no environmental risks, to various products such as automotive parts, electronics, and semiconductor. However, the PVD glass segment has registered a favourable growth during the forecast period, owing to its Low-e glass feature that aids in the reduction of heat loss, which is becoming increasingly important in the construction industry. 

The electronics and panel display segment held a favourable market share in the PVD coating system market. This is attributed to the extensive application of physical vapour deposition coating in consumer electronics, home appliances, and other electronic products. The rising consumer spending and demand for electronic products are expected to facilitate market growth. Moreover, the government's financial support and numerous schemes for promoting the growth of electronics, semiconductors and display products will further drive the segment growth. for instance, according to the National Investment Promotion & Facilitation Agency, The global electronic devices market was $2.9 trillion in 2020, and India's share in the global electronic systems manufacturing industry has grown from 1.3% in 2012 to 3.6% in 2019. As per the same source, India's semiconductor market is set to increase from $15 Billion in 2020 to $110 Billion in 2030, growing at a CAGR of 22%.  

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Global PVD Coating System Market Segmentation

By Substrates 

Nylon
Plastics
Glass
Ceramics
Metals

By Materials 

Titanium
Zirconium
Aluminum 
Stainless Steel 
Copper

By Application

Electronics and Panel Display
Optics and Glass
Automotive
Tools and Hardware
Other

Regional Analysis           

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Advanced Coating Service
Anglo American Plc
Angstrom Engineering Inc. 
Denton Vacuum. 
Diamond Materials Gmbh
Hef
Ihi Corp. 
Impact Coatings AB 

Intevac, Inc. 
Kobe Steel Ltd
Kolzer
Kurt Lesker Co
Lafer S.P.A.
Morgan Advanced Materials Plc
Nissin Electric Co.,Ltd
Oc Oerlikon Corp. Ag
Sp3 Diamond Tech
Sumitomo Electric Industries Ltd
Voestalpine High Performance Metals India Pvt. Ltd.

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