Vacuum Coating Equipment Market Size By Technology (Physical Vapour Deposition [Evaporation, Magnetron Sputtering], Chemical Vapour Deposition), By Application (PVD [Microelectronics, Data Storage, Solar, Medical Equipment, Cutting Tools], Magnetron Sputtering [Metallizing For Microelectronic Circuits And Chip Carriers, Electrical Resistance Films, Magnetic Films, Opto Storage Devices, Corrosion-Resistant Films, Gas Sensors], CVD [Integrated Circuits & Photovoltaic Devices, Polymerization, Metal-Organic Frameworks {Gas Storage, Adsorption & Purification, Catalysis, Gas Sensing & Low-K Dielectrics}]), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2026
Published Date: Mar 2020 | Report ID: GMI1397 | Authors: Kiran Pulidindi, Sayan Mukherjee
Industry Trends
Vacuum Coating Equipment Market size exceeded USD 24.8 billion in 2019 and is poised to grow at over 6.5% CAGR between 2020 and 2026. The market growth is driven by its application in diverse and multiple fields such as microelectronics, medical equipment, cutting tools, gas sensors, magnetic films, opto storage devices, polymerization and integrated circuits.
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| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2019 | Market Size in 2019: | 24.8 Billion (USD) |
| Historical Data for: | 2016 to 2018 | Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 6.5% | 2026 Value Projection: | 38.4 Billion (USD) |
| Pages: | 190 | Tables, Charts & Figures: | 200 |
| Geographies covered (17): | U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC | ||
| Segments covered: | Technology, Application, Region | ||
| Companies covered (15): | Buhler AG, PVD Products, Inc., BCI Blösch Group, Applied Materials, Inc., IHI Corporation, Singulus Technologies AG, Kolzer SRL, Scientific Vacuum Systems Ltd. (SVS), T-M Vacuum Products, Inc., ULVAC, Inc., CVD Equipment Corporation, AJA International, Semicore, OC Oerlikon & Miba Coating Group | ||
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Continuous FDI inflows in electronics sector to enhance the vacuum coating equipment market revenue generation
Increasing investment in the electronics sector will induce significant growth potential in the industry landscape. For instance, in India, in 2018, the Foreign Direct Investment (FDI) inflows in the electronics sector rose to USD 451.9 Mn as compared to USD 196.9 Mn in 2017.Vacuum coating equipment are significantly used in electronic industry for various applications in photovoltaic devices, integrated circuits, and other microelectronics applications.
High startup cost and complexity associated with products may hinder the industry growth. Nevertheless, use of vacuum coating equipment to meet the functional requirements of durability such as scratch resistant as well as improved aesthetic appearance will positively surge the equipment demand for various applications.
Chemical vapour deposition technology to exhibit promising growth
Chemical vapour deposition technology will witness over 6.5% growth through 2026 impelled by growing demand in integrated circuits and photovoltaic devices. In addition, the technology provides uniform coating on various products that further increases its demand for metal organic frameworks.
High operational and maintenance cost owing to use of chemicals in various process may restrict its growth in the near term. However, superior ability of the vacuum coating equipment to handle different specifications, shape and size of products will positively influence the market demand. Furthermore, proliferating automotive industry and rising inclination towards chemical vapor deposition coated metal frameworks will augment the vacuum coating equipment market size.
Magnetron sputtering to bank upon rising demand for corrosion resistant films
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Magnetron sputtering applications will register around 6.5% gains in the vacuum coating equipment market till 2026 due to increasing demand from electrical resistance films, magnetic films and corrosion-resistant films. The segment includes metallizing for microelectronic circuits & chip carriers, magnetic films, electrical resistance films, gas sensors, corrosion-resistant films, opto storage devices, and other applications such as cutting tools, aerospace parts, drills, insulating films, automotive components, etc.
Additionally, thriving electrical & electronics industry offers a promising growth for microelectronic circuits & chip carriers. This in turn will increase the equipment demand for magnetron sputtering application.
Chemical vapor deposition applications offer a strong growth potential for the industry growth. Rising adoption of effacing coating processed in automotive industry and its demand for aesthetic metal frameworks will positively augment the market growth.
Moreover, increasing demand from medical equipment, cutting tools and solar panels will drive the segment penetration. The increasing government subsidies to encourage the use of roof top solar power plants across several developed and emerging economies such as China, India and Japan will surge the market revenue.
Presence of electronics industry in Asia Pacific to drive the regional penetration
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In 2019, Asia Pacific vacuum coating equipment market held over 51% share and will continue its dominance during the forecast period. This can be attributed to prevailing electrical and electronic sector in the region. Furthermore, investment inflows and government initiatives towards digital skill will further propel the demand for vacuum coating equipment for various applications.
Ongoing initiatives to improve digital literacy skills through smart phones and other devices are attracting FDI in the regional electrical and electronics sector, influencing the market demandin the region.
Market players establishing advanced production facilities to strengthen their foothold
The vacuum coating equipment industry illustrates a fair degree of competition among few large manufacturers such as Buhler AG, Kolzer SRL, BCI Blösch Group, ULVAC Inc., Scientific Vacuum Systems Ltd. (SVS), Semicore Equipment, Inc., and CVD Equipment Corp. Other major manufacturers include, Applied Materials Inc, PVD Products Inc., IHI Corp., T-M Vacuum Products Inc., Singulus Technologies AG, AJA International, Miba Coating Group and OC Oerlikon.
The market research report on vacuum coating equipment includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2026, for the following segments:
Market by Technology
- Physical Vapor Deposition
- Evaporation
- Magnetron sputtering
- Others
- Chemical Vapor Deposition
Market by Application
- Physical Vapor Deposition application
- Microelectronics
- Data storage
- Solar
- Medical equipment
- Cutting tools
- Others
- Magnetron Sputtering application
- Metallizing for microelectronic circuits and chip carriers
- Electrical resistance films
- Magnetic films
- Opto storage devices
- Corrosion-resistant films
- Gas sensors
- Others
- Chemical Vapor Deposition application:
- Integrated circuits (ICs) & photovoltaic devices
- Polymerization
- Metal-organic frameworks
- Gas storage, adsorption, storage & purification
- Catalysis
- Gas sensing & low k-dielectrics
- Others (liquid separation & purification, drug delivery, etc.)
- Others
The above information is provided on a regional basis for the following:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- GCC
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