Vacuum Coating Equipment Market Size By Technology (Physical Vapor Deposition [Evaporation], Sputtering [Cathode, Magnetron Sputtering {RF Magnetron Sputtering}, Reactive], Chemical Vapor Deposition), By Application (PVD [Microelectronics, Data Storage, Solar, Medical Equipment, Cutting Tools], 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}]), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021–2027

Industry Trends

Vacuum Coating Equipment Market size exceeded USD 23.4 billion in 2020 and is projected to grow at over 5.6% CAGR between 2021 and 2027. Rising semiconductor manufacturing will bolster the industry growth.
 

The semiconductor industry is one of the major end users of the vacuum coating equipment and significant growth in this sector will propel the market demand. Global semiconductor & electronics manufacturers are trying to expand their presence by rapid technological developments, competitive pricing, mergers & acquisitions, and well-connected distribution centers with a focus on the emerging economies. The growing tech-savvy youth population will positively influence the consumer electronics sales, which will directly augment the semiconductors demand.
 

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PVD coating is adopted instead of electroplating as it reduces the wear & friction between the engine components. This leads to better engine performance along with energy savings. The positive outlook of the automotive industry due to the rising spending tendencies and demographic shifts will provide a positive market outlook.
 

High initial purchase and operating costs associated with vacuum coating equipment are expected to negatively influence the vacuum coating equipment market statistics. Moreover, the vacuum coating process involves complex machinery and skilled operators to handle the equipment. Chemical vapor deposition requires various chemicals and an extensive pre-cleaning of the surface, thereby affecting the surrounding environment. Many manufacturers are continuously investing in research & development activities and developing products to minimize the harmful impacts of these processes on the environment.
 

Increase in manufacturing integrated circuits will spur the demand of the Chemical Vapor Deposition (CVD) equipment

Chemical Vapor Deposition (CVD) technology segment will capture around 50% of the market share by 2027. CVD is a widely used material processing technology in which thin films are formed on a heated substrate by the chemical reaction of gas-phase precursors. The key applications include applying solid thin-film coatings to the surfaces, producing powders and high-purity bulk materials, and fabricating composite materials. The materials used in CVD coating systems include silicon compounds, carbon, fluorocarbons or organofluoride, and nitrides such as titanium nitride.
 

Rising solar-based infrastructure development will support the vacuum coating equipment market growth

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In the physical vapor deposition application, the solar segment is forecast to register growth rate of above 6% through 2027. Advances in thin film photovoltaic technology is likely to fuel the manufacturing of solar cells in the future. Physical vapor deposition creates smaller particles at the molecular level and improves uniformity in solar cells. Additionally, it offers superior adhesion and excellent repeatability in the manufacturing process. Increasing adoption of solar-based technology owing to financial incentives and shift toward the use of renewable sources will drive the demand for solar cells.
 

Sputtering to gain substantial traction led by the increasing demand for high-capacity storage devices

The vacuum coating equipment market revenue from sputtering application is set to generate nearly USD 9.5 billion by 2027. It is used in various optical data storage and magnetic data storage devices. Increasing data centers and the growing demand for data storage devices will positively influence the demand for sputtering processes. Optical storage device manufacturers are incorporating multiple layers and surface-array techniques into the latest generation of products. Rising innovations in storage techniques with the development of ultra-capacity storage devices will foster the market expansion.
 

Favorable trends associated with polymerization will enhance the market demand

In chemical vapor deposition application, polymerization will account for more than 20% of the revenue share in 2027. Chemical vapor deposition is used to augment the capabilities of traditional surface modification techniques for designing polymeric surfaces. In this process, vapor-phase monomers react to form pure solid films directly on the surface of a substrate, thus polymerization and coating occur in a single processing step. It enables the formation of highly cross-linked coatings as well as copolymers of incompatible monomers.
 

Presence of the strong semiconductor & electronics sector in Asia Pacific to fuel the industry expansion

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Asia Pacific vacuum coating equipment market held over USD 12.5 billion in 2020. Favorable trends associated with industrial manufacturing in the region impelled by supportive government initiatives, huge investments, and the advent of technology will boost the manufacturing output in the next few years. The rising use of robotics and industrial automation will drive the industry demand.
 

Product differentiation & development will form the basis for business expansion

PVD Products, Buhler AG, Kolzer, IHI Corporation, Singulus Technologies AG, Applied Materials Inc., CVD Equipment Corporation, and ULVAC Inc. are the key manufacturers in the vacuum coating equipment market. These companies are adopting various strategies including new product developments, expansion of sales & distribution networks, and mergers & acquisitions to strengthen their market positions.
 

This 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 2017 to 2027, for the following segments:

Market, By Technology

• Physical Vapor Deposition (PVD)
  • Evaporation
  • Others
• Sputtering
  • Magnetron Sputtering
    • RF Magnetron Sputtering
    • Others
  • Reactive Sputtering
  • Others
• Chemical Vapor Deposition (CVD)

Market, By Application

• PVD Application
  • Microelectronics
  • Data Storage
  • Solar
  • Medical Equipment
  • Cutting Tools
  • Others
• Sputtering Application
  • Metallizing for Microelectronic Circuits and Chip Carriers
  • Electrical Resistance Films
  • Magnetic Films
  • Opto Storage Devices
  • Corrosion-resistant Films
  • Gas Sensors
  • Others
• CVD Application
  • Integrated Circuits (ICs) & Photovoltaic Devices
  • Polymerization
  • Metal-organic Frameworks
    • Gas Storage, Adsorption, and Storage & Purification
    • Catalysis
    • Gas Sensing & Low k-dielectrics
    • Others
  • Others

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
• LATAM
  • Brazil
  • Mexico
• MEA
  • South Africa
  • GCC