Chemical Vapor Deposition Market Size, Share & Trends Analysis Report By Category (CVD Equipment), By Application (Semiconductor & Microelectronics), By Region, And Segment Forecasts, 2023 - 2030

Chemical Vapor Deposition Market Size, Share & Trends Analysis Report By Category (CVD Equipment), By Application (Semiconductor & Microelectronics), By Region, And Segment Forecasts, 2023 - 2030

Chemical Vapor Deposition Market Growth & Trends

The global chemical vapor deposition market is expected to reach USD 40,731.24 million by 2030, registering a CAGR of 8.9% over the forecast period, according to a new report by Grand View Research, Inc. Growth in solar and photovoltaic cells across the world is one of the major drivers of the chemical vapor deposition (CVD) market over the forecast period.

Renewable energy sources, especially, solar cells have been witnessing promising growth and expected to have strong potential over the forecast period. Rising depletion of conventional energy sources and increasing greenhouse gas emission is driving the demand for solar and photovoltaic cells which is expected to boost the CVD market growth.

Additionally, CVD is also used for the manufacturing of the medical devices such as implants which deposits thin film of materials having anticorrosion properties. Rising healthcare spending and advancement in medical device technology is anticipated to drive the growth of the market over the forecast period.

Moreover, rising consumer spending on the electronic devices and products is creating surge in the demand for semiconductors and microelectronics. Semiconductor production is expected to witness strong demand over the forecast period, which is anticipated to drive the growth of the chemical vapor deposition market.

COVID-19 outbreak had negative impact on the chemical vapor deposition market. As a result of lockdown and restriction, industrial manufacturing experienced a setback which affected the demand for chemical vapor deposition market. Over the forecast period, the market is expected to witness promising growth with the resumption of manufacturing.

Companies in the industry are focusing on merger and acquisition, joint venture, product launch, and geographical expansion in order to increase market penetration. For instance, ASM International NV launched new 300 mm vertical batch for LPCVD and ALD in July 2022. The new system will provide advanced facility for memory and logic/foundry applications.

Chemical Vapor Deposition Market Report Highlights

• The CVD equipment segment led the market with a revenue share of 65.6% in 2022. The higher demand and significant revenue generation from the segment is attributable for higher market share
• The semiconductor and microelectronics application segment dominated the market with a revenue share of 60.3% in 2022. The high market share attributed to the higher demand of CVD in fabrication of chips and semiconductors
• Asia Pacific dominated the market and accounted for revenue share of 51.8% in 2022. High demand from countries such as China and Japan for semiconductor fabrication is attributable for high regional share
• North America is expected to witness a promising CAGR of 8.8% over the forecast period. Growing domestic manufacturing and rising investment in industrial development is anticipated to drive the growth
• In March 2020, ALD NanoSolutions, an ALD expert, merged with Forge Nano, a global player in atomic layer deposition technology. The merger is anticipated to created promising future in atomic level manufacturing.

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