PUBLISHER: Grand View Research | PRODUCT CODE: 1611775
PUBLISHER: Grand View Research | PRODUCT CODE: 1611775
The Asia Pacific vapor deposition equipment market size is anticipated to reach USD 20.88 billion by 2030, registering a CAGR of 6.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing semiconductor manufacturing coupled with rising demand for solar PV products in Asia Pacific is anticipated to drive the market growth. The rapid growth in the medical device industry, attributed to the increased investments in medical infrastructure during the pandemic, is expected to have a positive impact on the market. The medical device manufacturers are in need of wear-resistant and biocompatible coatings, which are provided by vapor deposition technology.
Ongoing developments and innovations in connectivity, communications, advanced software, the automotive industry, and data centers are projected to create a substantial demand for microelectronics in the region over the forecast period. This, in turn, is expected to have a positive impact on the vapor deposition equipment market. Key strategies adopted by various manufacturers include collaboration with coating companies and providing them with the necessary technology and equipment for coating. For instance, in October 2020, Vergason Technology, Inc., partnered with Helios Coatings Inc. to utilize Physical Vapor Deposition (PVD) wheel coating technology.