Press release
Vacuum Coating Equipment Market Analysis 2024 - Global Insights, Industry Demand, Growth Trends And Outlook By 2033
Vacuum Coating Equipment Market
The vacuum coating equipment market size is expected to see strong growth in the next few years. It will grow to $48.05 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing demand for nanocoatings and thin films, rise in demand for functional coatings with enhanced properties, integration of automation and robotics in vacuum coating processes, development of environmentally friendly coating processes, expansion of vacuum coating applications in the renewable energy sector. Major trends in the forecast period include smart coatings, industry 4.0 integration, 5g technology, customized coatings, nanotechnology applications.
Market Overview -
Vacuum coating refers to a vacuum chamber method that involves applying a very thin and consistent layer of coating to the surface of a substrate to safeguard it from forces that could wear it down or reduce its efficiency. The vacuum coating equipment includes the application of vacuum technology, which entails a sub-atmospheric pressure environment and an atomic or molecular combustible vapor.
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Growing Adoption Of Electric Vehicles Fuels Vacuum Coating Equipment Market
The increasing demand for electric vehicles is expected to drive the growth of the vacuum coating equipment market in the forecast period. Coatings play an important role in protecting the substrates of electric vehicles and their components from rust and damage. The increasing popularity and demand for electric vehicles would lead to an increase in demand for vacuum coating equipment. For instance, according to Bloomberg New Energy Finance (BNEF), EVs are expected to hit 10% of global passenger vehicle sales by 2025, rising to 28% in 2030 and 58% in 2040. Therefore, increasing demand for electric vehicles propels the growth of the vacuum coating equipment market.
Competitive Landscape -
Major companies operating in the vacuum coating equipment market include Bühler Group, ULVAC Inc., Applied Materials Inc., Singulus Technologies AG, Kolzer Srl, CVD Equipment Corporation, Semicore Equipment Inc., OC Oerlikon, Mustang Vacuum Systems Inc., Izovac Ltd., IHI Corporation, PVD Products Inc., T-M Vacuum Products Inc., Lanzhou Vacuum Equipment Liability Co. Ltd., HEF USA, Veeco Instruments Inc., Leybold GmbH, AJA International Inc., Angstrom Engineering Inc., Denton Vacuum LLC, Plasma-Therm LLC, Sputtering Components Inc., Advanced Energy Industries Inc., Intlvac Thin Film Corporation, Soleras Advanced Coatings, Von Ardenne GmbH, Impact Coatings AB, KDF Electronic & Vacuum Services Inc., Tokyo Electron Limited, TriVitro Corporation, VTD Vakuumtechnik Dresden GmbH, Xiangtan Hongda Vacuum Equipment Co. Ltd.
Technology Trends Transform Vacuum Coating Equipment Market
Technological advancement is a key trend gaining popularity in the vacuum coating equipment market. Major companies operating in the vacuum coating equipment sector are focused on developing technological solutions for vacuum coating equipment to strengthen their position. For instance, in May 2021, Singulus Technologies, a Germany-based manufacturing company partnered with China National Building Material Co., Ltd., a China-based building material company to develop New Vacuum Coating Machines based on CdTe Thin-Film Technology. SINGULUS TECHNOLOGIES and CNBM have agreed to collaborate on the development and delivery of new coating equipment to lower manufacturing costs, enhance cell performance, and boost output.
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Key Segments -
The vacuum coating equipment market covered in this report is segmented -
1) By Product: Physical Vapor Deposition (PVD), Magnetron Sputtering, Chemical Vapor Deposition (CVD)
2) By Application: Transparent Electrical Conductors, Optical Films, Packaging, Hard and Wear-Resistant Coatings, Other Applications
3) By Vertical: Electronics, Automotive, Healthcare, Other Verticals
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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