Vacuum Coating Equipment Market Analysis

Vacuum Coating Equipment Market Analysis

The Chemical Vapor Deposition (CVD) segment will generate a revenue of over USD 18.5 billion by 2028. It is emerging as the most popular and the fastest growing vacuum coating technology due to its ability to deposit a coating onto a substrate in a multi-directional manner. This technology is used to produce high-quality and high-performance coatings, typically under vacuum. It is one among the most commonly used material processing technologies, wherein thin films are formed on a heated substrate when gas-phase precursors undergo chemical reactions.

The microelectronics sub-segment of the PVD application is poised to hold approximately 45% of the vacuum coating equipment market share by 2028. Microelectronics refers to manufacturing small electronic designs & components. PVD coating is employed in microelectronic device fabrications and as seed layers for platting. It is widely used to deposit different materials including tungsten, copper, on silicon wafer. Digitalization, Internet of Things (IoT), and Industry 4.0 will drive the demand for microelectronics from automotive, manufacturing, and medical technology sectors.

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The vacuum coating equipment market size from the metallizing for microelectronic circuits and chip carriers application is anticipated to observe more than 6.5% gains through 2028. Magnetron sputtering offers the deposition of dielectric insulators and metal conductors in a uniform manner over large wafer areas with low defects and minimal thermal distortions. Metal targets are used in magnetron sputtering to produce dielectric or metal layers, depending on the presence or absence of reactive gases such as oxygen and nitrogen. This process offers two advantages, superior stoichiometric purity and fewer structural defects.

The Asia Pacific vacuum coating equipment market is projected to reach around USD 21 billion by 2028. The increasing demand for electric vehicles in the region is expected to drive industry statistics. Vacuum coatings play a crucial role in protecting the substrate of electric vehicles and their components from rust and other damages. Technological advancements are supporting the regional market growth. Companies are coming up with advanced technological solutions for vacuum coatings for strengthening their positions.