PUBLISHER: The Business Research Company | PRODUCT CODE: 1409296
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409296
“Chemical Vapor Deposition Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on chemical vapor deposition market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for chemical vapor deposition? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The chemical vapor deposition market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Chemical Vapor Deposition (CVD) is a process involving the deposition of a solid substance from a vapor state through a chemical reaction, occurring typically on or near a heated substrate surface. This method is utilized for creating various coatings, powders, fibers, and monolithic parts.
The primary classifications within Chemical Vapor Deposition (CVD) are CVD equipment, CVD services, and CVD materials. CVD equipment comprises apparatus used in chemical vapor deposition processes, typically comprising a reactor chamber, a gas delivery system, an energy source, a vacuum system, and an exhaust system. Various technologies encompassed within CVD include atomic layer CVD, laser-induced CVD, organometallic CVD, plasma-enhanced CVD, plasma-assisted CVD, low-pressure CVD, among others. These technologies find applications in diverse industries such as solar products, electronics, data storage, medical equipment, and other fields.
The chemical vapor deposition market research report is one of a series of new reports from The Business Research Company that provides chemical vapor deposition market statistics, including chemical vapor deposition industry global market size, regional shares, competitors with chemical vapor deposition market share, detailed chemical vapor deposition market segments, market trends, and opportunities, and any further data you may need to thrive in the chemical vapor deposition industry. This chemical vapor deposition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The chemical vapor deposition market size has grown rapidly in recent years. It will grow from $35.29 billion in 2023 to $39.09 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. During the historical period, the growth in Chemical Vapor Deposition (CVD) can be attributed to several factors. These include the growth of the semiconductor industry, heightened demand for high-performance coatings, applications in energy storage and conversion technologies, the emergence of the optoelectronics market, and the expansion of the aerospace industry, all contributing to the utilization and advancement of CVD processes and materials.
The chemical vapor deposition market size is expected to see rapid growth in the next few years. It will grow to $58.06 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. Anticipated growth in the upcoming period within Chemical Vapor Deposition (CVD) is expected to be influenced by several factors, notably the increasing proliferation of Internet of Things (IoT) devices, a heightened focus on quantum computing technologies, the demand for coatings for medical devices, the growing necessity for wear-resistant coatings, and advancements in 2D materials and nanotechnology. Key trends projected in the forecast period encompass advancements in hybrid technologies combining Atomic Layer Deposition (ALD) with CVD methodologies, expanded applications in the aerospace and defense sectors, a shift towards Remote Plasma CVD (RPCVD) techniques, an emphasis on sustainable and environmentally friendly CVD technologies, and the rising utilization of 2D materials and nanotechnology in CVD applications.
The robust growth of the semiconductor industry is a significant driving force behind the expansion of the chemical vapor deposition (CVD) market. Semiconductors, possessing unique electrical properties, form the backbone of computers and various electronic devices. Chemical vapor deposition is a pivotal technology in the semiconductor sector, utilized for the production of thin films and intricate micro- and nanostructures. Notably, the Semiconductor Industry Association (SIA) reported a 3.2 percent increase in global semiconductor industry sales from $555.9 billion in 2021 to $573.5 billion in 2022. This surge in the semiconductor industry is poised to propel the chemical vapor deposition market forward.
The increasing demand for medical devices is anticipated to be a significant contributor to the growth of the chemical vapor deposition market. Medical devices, encompassing various appliances, machinery, software, and materials used for medical purposes, benefit from chemical vapor deposition (CVD) technology. CVD enables the deposition of precise thin films with uniform thickness and composition, enhancing the functionality of medical devices. Biocompatible coatings applied through CVD contribute to the longevity of prosthetics and implants, reducing rejection rates. For example, projections from the India Brand Equity Foundation estimate that the Indian medical device market will reach $50 billion by 2030, growing at a compound annual growth rate of 16.4% from an estimated size of INR 900 billion ($11 billion) in 2022. This escalating demand for medical devices is expected to be a driving force for the chemical vapor deposition market.
A key trend gaining prominence in the chemical vapor deposition market is product innovation. Leading companies in the market are focused on enhancing the efficiency of their CVD systems, particularly for the semiconductor industry. In September 2022, Aixtron, a Germany-based manufacturer of metalorganic chemical vapor deposition equipment, introduced the G10-SiC high-temperature CVD system. Specifically designed for high-volume production of silicon carbide (SiC) power devices on 150/200mm SiC wafers, the G10-SiC system offers a versatile dual-wafer size configuration of 9x150mm and 6x200mm. This innovation is expected to facilitate the SiC industry's transition from 150mm (6-inch) to 200mm (8-inch) wafer diameter, demonstrating a commitment to advancing technology in the chemical vapor deposition market.
Key players in the chemical vapor deposition (CVD) market are placing a strong emphasis on introducing innovative coating materials to enhance their product offerings in industrial and automotive steel machining, thereby consolidating their positions in the market. Machining, a crucial manufacturing process, involves the removal of layers from a workpiece to produce various products, parts, and designs. An example of this strategy is demonstrated by KYOCERA Corporation, a Japan-based ceramics and electronics manufacturing company, which, in May 2023, launched two new CVD coating materials, CA115P and CA125P, designed for turning insert grades utilized in industrial and automotive steel machining. The advanced coating technologies contribute to extended tool life by offering high wear and fracture resistance. With industry-leading uniformity in alumina crystal orientation, the new technology delivers 1.5x better wear resistance, emphasizing its significance in enhancing machining processes.
In February 2023, Veeco Instruments, a US-based manufacturer of processing systems for semiconductor and compound semiconductor manufacturing, acquired Epiluvac AB for $30 million. This acquisition integrates Epiluvac's chemical vapor deposition (CVD) epitaxy systems, specialized in enabling advanced silicon carbide (SiC) applications in the electric vehicle market, into Veeco Instruments' operations. Epiluvac AB, based in Sweden, is recognized for manufacturing deposition systems for epitaxial growth of SiC and GaN using chemical vapor deposition (CVD), as well as crystal growth systems for SiC. This acquisition aligns with the industry's focus on advancing technology and expanding capabilities to meet the evolving demands of key markets.
Major companies operating in the chemical vapor deposition market report are CVD Equipment Corporation, Tokyo Electron Limited, Ishikawajima-Harima Heavy Industries Co. Ltd., Veeco Instruments Inc., ASM International NV, Plasma Therm LLC, Applied Materials Inc., OC Oerlikon Corporation AG, ULVAC Inc., Intevac Inc., Lam Research Corporation, Praxair Surface Technologies, Denton Vacuum LLC, Oxford Instruments, Richter Precision Inc., Nuflare Technology Inc., Aixtron SE, SPTS Technologies Ltd., Adeka Corporation, Hitachi Kokusai Electric Inc., Mustang Vacuum Systems, Picosun Oy, Kurt J. Lesker Company, Angstrom Engineering Inc., SENTECH Instruments GmbH, Mantis Deposition Ltd., Semicore Equipment Inc., VaporTech Inc., CreaTec Fischer & Co. GmbH, Novellus Systems Inc. .
Asia-Pacific was the largest region in the chemical vapor deposition market in 2023. North America is expected to be the fastest-growing region in the chemical vapor deposition market report during the forecast period. The regions covered in the chemical vapor deposition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the chemical vapor deposition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The chemical vapor deposition market consists of revenues earned by depositing nanometer or micron-thick-thin films and coating services. The market value includes the value of related goods sold by the service provider or included within the service offering. The chemical vapor deposition market also includes sales of reactor chambers, gas delivery systems and exhaust systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.