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Chemical Vapor Deposition Market Size, Share, Trends Outlook And Global Forecast 2024 To 2033
Chemical Vapor Deposition Market
According to The Business Research Company's, The chemical vapor deposition market size has grown rapidly in recent years. It will grow from $35.29 billion in 2023 to $39.09 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to semiconductor industry growth, increased demand for high-performance coatings, energy storage and conversion applications, emerging optoelectronics market, expansion of the aerospace industry.
The chemical vapor deposition market size is expected to see rapid growth in the next few years. It will grow to $58.06 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to rise in internet of things (iot) device, increased focus on quantum computing, medical device coatings, growing need for wear-resistant coatings, advancements in 2d materials. Major trends in the forecast period include advancements in ald-cvd hybrid technologies, increased application in aerospace and defense, shift towards remote plasma cvd, focus on sustainable and green cvd technologies, rise in 2d materials and nanotechnology applications.
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Market Drivers and Trends:
The rising semiconductor industry is significantly contributing to the growth of the chemical vapor deposition market going forward. A semiconductor is a material with special electrical properties that allow it to serve as the foundation for computers and other electronic devices. Chemical vapor deposition is used in the semiconductor industry to produce thin films and complex layered micro- and nanostructures. For instance, according to the Semiconductor Industry Association (SIA), a US-based trade association and lobbying group that represents the United States semiconductor industry, global semiconductor industry sales increased by 3.2 percent from $555.9 billion in 2021 to $573.5 billion in 2022. Therefore, the rising semiconductor industry will drive the chemical vapor deposition market.
Product innovation is the key trend gaining popularity in the chemical vapor deposition market. Major companies operating in the chemical vapor deposition market are focusing on increasing the efficiency of their chemical vapor deposition system offerings for the semiconductor industry. For instance, in September 2022, Aixtron, a Germany-based manufacturer of metalorganic chemical vapor deposition equipment, launched the G10-SiC high-temperature chemical vapor deposition (CVD) system for high-volume production of silicon carbide (SiC) power devices on 150/200mm SiC wafers. The G10-SiC system is based on the company's existing G5 WW C 150mm platform and offers a versatile dual-wafer size configuration of 9x150mm and 6x200mm, which is expected to help the SiC industry move from 150mm (6-inch) to 200mm (8-inch) wafer diameter. The new platform is based on the company's well-proven automated wafer cassette-to-cassette loading technology, which includes high-temperature wafer transfer.
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Major Key Players of the Market:
CVD Equipment Corporation; Tokyo Electron Limited; Ishikawajima-Harima Heavy Industries Co. Ltd.; Veeco Instruments Inc.; ASM International NV; Plasma Therm LLC; Applied Materials Inc.; OC Oerlikon Corporation AG; ULVAC Inc.; Intevac Inc.; Lam Research Corporation; Praxair Surface Technologies; Denton Vacuum LLC; Oxford Instruments; Richter Precision Inc.; Nuflare Technology Inc.; Aixtron SE; SPTS Technologies Ltd.; Adeka Corporation; Hitachi Kokusai Electric Inc.; Mustang Vacuum Systems; Picosun Oy; Kurt J. Lesker Company; Angstrom Engineering Inc.; SENTECH Instruments GmbH; Mantis Deposition Ltd.; Semicore Equipment Inc.; VaporTech Inc.; CreaTec Fischer & Co. GmbH; Novellus Systems Inc.
Chemical Vapor Deposition Market 2024 Key Insights:
• The chemical vapor deposition market will grow to $58.06 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%.
• Rising Semiconductor Sales Boost Chemical Vapor Deposition Market
• Product Innovation Advances Chemical Vapor Deposition In Semiconductor Industry
• Asia-Pacific was the largest region in the chemical vapor deposition market in 2023
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