Physical Vapor Deposition Market, by Industry (PVD Equipment, PVD Materials, PVD Services), by Application (Microelectronics, Storage, Solar, Medical Equipment, Cutting Tools, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Physical Vapor Deposition (PVD) is also referred to as physical vapor transport (PVT) which includes a variety of vacuum deposition the process that is used to produce thin films and coatings. PVD is used in manufacturing of thin films and optics among others.
Market Dynamics
The global physical vapor deposition market has witnessed significant growth in recent past years, owing to the rising demand for physical vapor deposition from semiconductor industry. Based on application, the global physical vapor deposition market is bifurcated into microelectronics, storage, solar, medical equipment, cutting tools, architectural glasses, and others. Among these segments, the microelectronics segment dominated the global physical vapor deposition market in 2021, owing to the growing demand for microelectronics in various applications such as automobile industry, semiconductor industry, LED, and storage industry. This factor is estimated to drive growth of the global physical vapor deposition market during the forecast period.
Moreover, based on industry, the global physical vapor deposition market is bifurcated in PVD equipment, PVD materials and PVD services. Among these segments, the PVD equipment segment dominated the global physical vapor deposition market in 2021, owing to the growing use of PVD equipment in various applications such as an optics, flexible packaging and medical devices & equipment. This factor is expected to fuel the growth of the global physical vapor deposition market during the forecast period.
Furthermore, the rising usage of physical vapor deposition in the production of low-e glass for construction and automotive industries is another major factor that is projected to propel the market growth of physical vapor deposition, owing to the use of PVD materials for coating of low-e glass. This factor is estimated to drive growth of the global physical vapor deposition market in the coming years.
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