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Growing Adoption Of Electric Vehicles Fuels Vacuum Coating Equipment Market Emerges as a Core Driver of the Vacuum Coating Equipment Market in 2025
Vacuum Coating Equipment Market
What Is the Expected CAGR for the Vacuum Coating Equipment Market Through 2025?
In recent years, the market size of vacuum coating equipment has seen substantial growth. It is projected to expand from $35.58 billion in 2024 to $38.18 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. The significant growth observed during the historic period can be linked to a surge in the demand for consumer electronics and semiconductors, an escalating need for medical equipment and devices, a rising demand for energy-efficient coatings, an enlargement in the automotive coatings sector demand, and an increase in the requirement for decorative coatings.
What's the Projected Size of the Global Vacuum Coating Equipment Market by 2029?
Expectations are rising for a significant surge in the vacuum coating equipment market size in the upcoming years. The market is predicted to expand to a value of $51.83 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 7.9%. This projected growth during the forecast period is attributed to an increasing demand for nanocoatings and thin films, heightened requirements for functional coatings with improved properties, the implementation of automation and robotics in vacuum coating processes, development of eco-friendly coating processes, and the proliferation of vacuum coating applications in the renewable energy sector. The forecast period is also anticipated to showcase trends such as smart coatings, the integration of industry 4.0, the advent of 5g technology, personalized coatings, and uses of nanotechnology.
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Top Growth Drivers in the Vacuum Coating Equipment Industry: What's Accelerating the Market?
The forecasted growth of the vacuum coating equipment market is believed to be influenced by the rising demand for electric vehicles. The coatings are crucial in safeguarding the substrates of electric vehicles and their various components from damage and rust. Consequently, as the popularity and demand for electric vehicles gains momentum, there would be a corresponding increase in vacuum coating equipment demand. As per Bloomberg New Energy Finance (BNEF), it is anticipated that electric vehicles will constitute 10% of global passenger vehicle sales by 2025, which is expected to surge to 28% by 2030 and 58% by 2040. Consequently, the burgeoning demand for electric vehicles is stimulating the vacuum coating equipment market's expansion.
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What Trends Will Shape the Vacuum Coating Equipment Market Through 2029 and Beyond?
Leading firms in the vacuum coating equipment sector are concentrating on the production of enhanced physical vapor deposition (PVD) systems to bolster their market presence. PVD systems, a type of vacuum coating technology, apply thin films to a variety of substrates by employing physical processes. The technique employs solid substances that are vaporised in a vacuum, typically through thermal evaporation or sputtering, which then condense on the substrate to produce a consistent coating. For example, Oerlikon Balzers, a surface technologies provider based in Liechtenstein, unveiled INVENTA in September 2024. This new system, featuring advanced arc technology (AAT), boosts coating effectiveness. INVENTA raises productivity whilst preserving materials and resources, thereby bringing down costs for each item. INVENTA facilitates the smooth application of prevailing BALINIT coatings and cuts ownership costs for clients. Furthermore, it places users in a position to gain from forthcoming advancements in coating technology.
What Are the Main Segments in the Vacuum Coating Equipment Market?
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 Top Companies are Driving Growth in the Vacuum Coating Equipment Market?
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.
Which Regions Will Dominate the Vacuum Coating Equipment Market Through 2029?
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.
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