PUBLISHER: The Business Research Company | PRODUCT CODE: 1599008
PUBLISHER: The Business Research Company | PRODUCT CODE: 1599008
Physical vapor deposition (PVD) refers to a range of vacuum deposition processes used to produce thin films and coatings on various substrates. It is a widely used technology for applying layers of material onto surfaces to enhance their properties, such as hardness, durability, or corrosion resistance.
The physical vapor deposition market consists of sales, by entities (organizations, sole traders, or partnerships), of PVD products and services with advanced coating technologies used to apply thin films on various substrates. The process involves the physical transfer of material from a solid source (often referred to as a target) to a substrate in a vacuum environment, where the material is vaporized and then condensed onto the surface of the substrate to form a thin film.
The global physical vapor deposition market was valued at $17,321.17 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 4.00%.
Growth Of The Automotive Industry
The growth of the automotive industry drove the growth of the physical vapor deposition market during the historic period. As the automotive industry grew, the demand for durable, wear-resistant coatings for key components like engine parts, gears and transmission systems increased. PVD coatings, known for their superior resistance to wear, corrosion and high temperatures, became a preferred solution to enhance the longevity and performance of automotive parts. For instance, according to the European Automobile Manufacturers Association (ACEA), a Belgium-based lobbying and standards group of the automobile industry in the European Union, the first three quarters of 2023 saw over nine million cars produced in the European Union (EU), a 14% increase over the same time in 2022. Additionally, in October 2023, according to the report published by the Society of Indian Automobile Manufacturers (SIAM), an India-based national body representing major vehicle and vehicular engine manufacturers, a total of 2,621,248 units of passenger cars, three-wheelers, two-wheelers and quadratics were produced by the Indian auto industry. Automobiles sold 3,89,714 units, while the sales of three-wheelers and two-wheelers amounted to 76,940 and 189,579 units, respectively. These data show an impressive increase in sales annually. Therefore, increasing automotive production supported the growth of the physical vapor deposition market.
Development Of Advanced Arc Technology For Enhanced Efficiency And Remote Management
Major companies in the physical vapor deposition market are developing advanced arc technology transforming physical vapor deposition. This enables customers to oversee and manage their coating operations remotely, enhancing operational flexibility. For instance, in September 2024, Oerlikon Balzers, a Switzerland-based provider of surface technologies, announced the launch of its latest INVENTA PVD coating system, featuring Advanced Arc Technology (AAT). This state-of-the-art technology optimizes the physical vapor deposition (PVD) process by enhancing coating efficiency and reducing operational costs. It supports a broader range of target materials and delivers improved coating uniformity. With a 25% increase in loading capacity and up to 50% higher deposition rates than its predecessor, the INVENTA system is more resource-efficient and environmentally sustainable. Additionally, it offers a user-friendly interface with global connectivity, enabling customers to monitor and manage their coating operations remotely. Designed for greater productivity and reduced total cost of ownership, the INVENTA system caters to a wide range of industries.
The global physical vapor deposition market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 23.40% of the total market in 2023.
Physical Vapor Deposition Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global physical vapor deposition market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for physical 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 physical 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 history and forecasts market growth by geography. It places the market within the context of the wider physical vapor deposition market; and compares it with other markets.