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The Global Physical Vapor Deposition Market Analysis| Coherent Market Insights

The Global Physical Vapor Deposition Market is growing at CAGR of 5.4% during the forecast period.

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The Global Physical Vapor Deposition Market Analysis| Coherent Market Insights

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. PHYSICAL VAPOR DEPOSITION MARKET ANALYSIS Physical Vapor Deposition Market,ByIndustry (PVD Equipment, PVD Materials, PVD Services), By Application (Microelectronics, Storage, Solar, Medical Equipment, Cutting Tools, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. The global physical vapor deposition market is projected to reach around US$ 25.7 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.4% during the forecast period (2019-2027). Drivers • Increasing penetration of microelectronics across various industries is primarily fueling the market growth of physical vapor deposition. Microelectronics is used to production of small electronic equipment that is micrometers in size and they find application across automotive, defense, and healthcare industries. Microelectronics is one of the major application areas for physical vapor deposition (PVD). Hence the growth of the microelectronics market is fueling the market growth of physical vapor deposition.

  4. Rising usage of physical vapor deposition in the production of low-e glass for construction and automotive industries is projected to accelerate market growth. PVD materials for coating of low-e glass include aluminum & aluminum alloy, Silver, copper & its alloy, chromium. Low-e glass helps in the reduction of heat loss which is gaining huge importance from the construction industry. Hence, rising demand for low-E glass from the construction industry is expected to propel the market growth of physical vapor deposition.

  5. Regional Analysis • On basis of the region, Europe region dominated the global physical vapor deposition market in 2018, accounting for 41.3% share in terms of volume, followed by North America and Latin America respectively.

  6. Figure 1.Global Physical Vapor Deposition Market, Revenue Share (%), By Region, 2018

  7. Market Restraints • High capital investment and lack of product differentiation and innovation is expected to restrict the market growth of physical vapor deposition. New and advance product development technology require huge capital investment in research and development and this the high cost of investment is expected to hinder the market growth of physical vapor deposition technology. • Lack of skilled labor and a line of sight process as physical vapor deposition technology requires both is expected to hinder the market growth. Moreover, parts used for coating require high-strength electroplated layers in order to protect from corrosion because the coating surface is exposed to extremely high temperatures and this is difficult to obtain. This factor is expected to restrict the market growth of physical vapor deposition over the forecast period.

  8. Market Opportunities • Rising demand for physical vapor deposition coating for improving the appearance of products and durability coupled with the renovating the product’s base material is expected to propel the market growth of physical vapor deposition. In addition, the process is also gaining demand because of eco-friendly nature and other advantages that provides durability, appealing, and bright finishes to a wide range of industrial products. • Growing application of physical vapor deposition in a solar panel in order to improve the performance and efficiency is expected to provide potential growth opportunities to the market of physical vapor deposition. Rising adoption of the solar panel around the globe due to increasing need to reduce energy consumption and global warming is expected to fuel the demand for PV technology in order to boost efficiency, which in turn propelling the market growth. 

  9. Market Trends • Rising trend of using plastic materials in place of metal across the electrical industry is expected to propel the market growth of physical vapor deposition. Such plastic used in the electrical industry should be durable and scratch-resistant to meet functional requirement and aesthetic appearance. PVD technology is highly preferred over conventional coating technologies, thus propelling the market growth of physical vapor deposition.

  10. Increasing focus of manufacturer on product innovation in order to improve the efficiency and performance is expected to fuel the market growth. For instance, in November 2015, Intevac Incorporated a supplier of thin-film deposition equipment and photonics products announced the launch of the INTEVAC VERTEX (Vertex) Physical Vapor Deposition (PVD) System. Therefore, the advent of such as advanced technology will favor market growth over the forecast period. • On the basis of industry, in 2018, the PVD equipment has accounted the largest market share of 57.7% in terms of value, followed by the PVD services and PVD material.

  11. Competitive Section Key players operating in global physical vapor deposition market are OerlikonBalzers (Oerlikon Group), IHI Corporation, Silfex Inc. (Lam Research Corp.), Lam Research Corp, Singulus Technologies AG, Applied Materials, Inc., ULVAC Inc., Veeco Instruments Inc., Buhler AG, Semicore Equipment, Inc., and Platit AG.

  12. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference: https://www.coherentmarketinsights.com/market-insight/physical-vapor-deposition-market-490

  13. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  14. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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