The global physical vapor deposition market is expected to grow significantly, reaching US$ 43 Billion by 2032 at a 6% CAGR between 2022 and 2032. According to the report, the market was worth USD 24.2 Billion in 2022. Factors such as rising demand for eco-friendly coating processes and rising demand for medical equipment are expected to drive product demand in the coming years.
From 2015 to 2021, physical vapor deposition demand surged at a CAGR of 2.6%, closing at US$ 23 billion. Growth in end-user industries such as microelectronics and medical equipment has primarily increased the global PVD market in the past. Furthermore, operational advantages and eco-friendliness were expected to drive the PVD market. These materials are coated with corrosion-resistant electroplating to improve the surface finish.
Key Takeaways from the Market Study:
“Rising drilling, end-milling, grooving, and threading activities is accelerating demand for tough cutting edge tools. Market players are leveraging this opportunity through frictionless procurement of physical vapor deposition services and equipment,” says the Fact.MR Analyst.
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Leading Players Driving Innovation in the Physical Vapor Deposition Market:
Applied Materials, Inc.; Lam Research Corporation (Novellus Systems); Intevac, Inc.; Advanced Energy Industries, Inc.; Kurt J. Lesker Company; AJA International, Inc.; Angstrom Engineering, Inc.; CHA Industries, Inc.; Denton Vacuum LLC; PVD Products, Inc.
Competitive Landscape:
The market is made up of small, medium, and large businesses all vying for a stronghold. Companies are investing in research and development to create advanced physical vapor deposition solutions to meet the growing demand from a variety of industrial applications. Furthermore, other key players are pursuing organic and inorganic growth strategies that are expected to benefit market growth.
Physical Vapor Deposition Market News:
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More Valuable Insights:
Fact.MR, in its new offering, presents an unbiased analysis of the global physical vapor deposition market, presenting historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of organization size (SMEs and large enterprises), by vertical (retail, BFSI, healthcare, it & telecom, government, manufacturing, others) and by service (application portfolio assessment, cloud application migration, application re-platforming, application integration, UI modernization and post modernization) across five major regions (North America, Latin America, Asia Pacific, Europe and Middle East & Africa).
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Physical vapor deposition (PVD) is a vacuum coating process used to deposit thin films of material onto various surfaces, enhancing properties like durability and appearance.
Eco-friendly coatings are environmentally safe coatings that minimize harmful emissions and are made from sustainable materials, often used in various industries to reduce environmental impact.
CAGR stands for Compound Annual Growth Rate, representing the mean annual growth rate of an investment over a specified time period, assuming the investment grows at a steady rate.
Market demand refers to the total quantity of a product or service that consumers are willing and able to purchase at various prices during a given time period.
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