Press release
Growing Adoption Of Electric Vehicles Fuels Vacuum Coating Equipment Market Driver: Leading Transformation in the Vacuum Coating Equipment Market in 2025
What market dynamics are playing a key role in accelerating the growth of the vacuum coating equipment market?The vacuum coating equipment market is anticipated to grow due to the escalating demand for electric vehicles in the future. The coatings, serving a crucial part in safeguarding the substrates of electric vehicles and their elements from damage and rust, will likely see a rise in demand with the growing popularity of electric vehicles. As reported by Bloomberg New Energy Finance (BNEF), it is forecasted that electric vehicles will make up 10% of global passenger vehicle sales by 2025, and this figure is expected to leap to 28% in 2030 and 58% by 2040. This surge in demand for electric vehicles is, therefore, driving the expansion of the vacuum coating equipment market.
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How will the growth rate of the vacuum coating equipment market shape industry trends by 2034?
There has been significant growth in the vacuum coating equipment market size in recent years. The market worth $35.58 billion in 2024 is anticipated to reach $38.18 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 7.3%. The growth observed in the historical period is due to the surge in demand for consumer electronics and semiconductors, an escalated demand for medical equipment and devices, increasing needs for energy-efficient coatings, rising demand for automotive coatings, and a surge in the demand for decorative coatings.
In the coming years, the vacuum coating equipment market is projected to experience significant growth, reaching an estimated value of $51.83 billion in 2029, with a compound annual growth rate (CAGR) of 7.9%. This anticipated increase in the forecast period is linked to the rising demand for nanocoatings and thin films, augmented need for functional coatings with superior characteristics, the incorporation of automation and robotics in vacuum coating processes, the creation of ecologically sound coating procedures, and vacuum coating applications' expansion in the renewable energy sector. Noteworthy trends in the forecast period include smart coatings, integration with industry 4.0, 5g technology, customized coatings, and applications of nanotechnology.
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What trends are poised to drive the future success of the vacuum coating equipment market?
To bolster their standing in the vacuum coating equipment market, leading companies are focusing on the creation of improved physical vapor deposition (PVD) systems. PVD systems, a type of vacuum coating technology, deposit thin films on diverse substrates utilizing physical procedures. This method involves the vaporization of solid materials in a vacuum using thermal evaporation or sputtering, which are then condensed on the substrate for a homogenous coating. For instance, Oerlikon Balzers, a supplier of surface technologies based in Liechtenstein, introduced INVENTA in September 2024. This system boasts advanced arc technology (AAT) to enhance coating efficiency. This breakthrough system boosts productivity, saves resources and materials, thereby reducing the cost per unit. The INVENTA system enables the smooth transition of existing BALINIT coatings, thus reducing the cost of ownership for clients. Moreover, it prepares users to leverage future advancements in coating technology.
Which primary segments of the vacuum coating equipment market are driving growth and industry transformations?
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
Subsegments:
1) By Physical Vapor Deposition (PVD): Thermal Evaporation, Sputtering, Arc PVD, Pulsed Laser Deposition
2) By Magnetron Sputtering: DC Magnetron Sputtering, RF Magnetron Sputtering, Hybrid Magnetron Sputtering
3) By Chemical Vapor Deposition (CVD): Thermal CVD, Plasma-Enhanced CVD (PECVD), Low-Pressure CVD (LPCVD), Metal-Organic CVD (MOCVD)
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Which geographical regions are pioneering growth in the vacuum coating equipment market?
Asia-Pacific was the largest region in the vacuum coating equipment market share in 2024. The regions covered in the vacuum coating equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the vacuum coating equipment market 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.
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What Is Covered In The Vacuum Coating Equipment Global Market Report?
•Market Size Forecast: Examine the vacuum coating equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the vacuum coating equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the vacuum coating equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the vacuum coating equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the vacuum coating equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the vacuum coating equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the vacuum coating equipment market.
•Competitive Landscape: Review strategic developments in the vacuum coating equipment market, including expansions, agreements, and new product launches.
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