USD 20.5 billion
Report ID:
SQMIG20I2181 |
Region:
Global |
Published Date: November, 2024
Pages:
242
|Tables:
94
|Figures:
76
Vacuum Coating Equipment Market size was valued at USD 21.83 Billion in 2023 and is poised to grow from USD 23.21 Billion in 2024 to USD 37.83 Billion by 2032, growing at a CAGR of 6.3% during the forecast period (2025-2032).
Utilizing vacuum coating through physical vapor deposition and chemical vapor deposition techniques, among others, helps to provide notable qualities including improved functioning, uniform coverage, durability, corrosion resistance, and aesthetic appeal. Vacuum technology, which implies a sub-atmospheric pressure situation and a molecular or atomic condensable vapor for thin film deposition and coating over the vacuum, is used in vacuum coating. Auxiliary pumping system, vacuum main body cavity, film-forming control system, and evaporation system are further features of the apparatus. These sources of vapor come from chemical, liquid, or solid surface vapor processes. The technology's numerous uses have increased demand for vacuum coating equipment from a variety of end-user industries, including automation, electronics, energy and power, and vehicles. The vacuum coating equipment market has undergone tremendous development recently and is anticipated to expand quickly over the next few years. Due to the dominating electrical and electronic sector in the region, the Asia Pacific region has a sizable portion of the worldwide vacuum coating equipment market. The market is expanding as a result of technical development.
US Vacuum Coating Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 20.5 billion
Largest Segment
Chemical Vapor Deposition (CVD)
Fastest Growth
Physical Vapor Deposition (PVD)
Growth Rate
6.3% CAGR
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Global Vacuum Coating Equipment Market is segmented by Technology, Coating Type, Application, region. Based on Technology, the market is segmented into Sputtering, Evaporation, Vapor Deposition, Others. Based on Coating Type, the market is segmented into Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD), Others. Based on Application, the market is segmented into Automotive, Electronics, Packaging, Optical, Glass, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Vacuum Coating Equipment Market Analysis by Process
On the basis of Process, the chemical vapor deposition (CVD) segment is expected to dominate the global vacuum coating equipment market over the forecast period. Over the projected period, the chemical vapor deposition (CVD) segment will produce the most revenue. It is becoming the most well-liked and rapidly developing vacuum coating technology as a result of its capacity to deposit a coating onto a substrate in a variety of directions. High-performance coatings are created using this process, often in a vacuum. One of the most often utilized methods for material processing is the formation of thin films on a heated substrate as a result of chemical reactions involving gas-phase precursors.
By 2028, the PVD application's microelectronics sub-segment is anticipated to control around 45% of the vacuum coating equipment market. Manufacturing small electronic designs and components is referred to as microelectronics. PVD coating is used in the construction of microelectronic devices and as seed layers for plating. It is frequently used to deposit various materials, such as copper and tungsten, on silicon wafers. The automotive, manufacturing, and medical technology industries will be the ones driving demand for microelectronics through digitalization, the Internet of Things (IoT), and Industry 4.0.
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Based on the region, the Asia Pacific region currently dominates the global vacuum coating equipment market. It is expected that the Asia Pacific vacuum coating equipment market will grow to a value of around US$ 21 billion. Industry statistics are anticipated to be driven by the region's rising demand for electric automobiles. Vacuum coatings are essential for preventing corrosion and other problems to the substrate of electric vehicles and their parts. The expansion of the regional market is being aided by technological improvements. To improve their positions, businesses are developing cutting-edge technology solutions for vacuum coatings. Ture, dairy farms, and liquid metering, particularly in Asia Pacific.
Growing government investment from both developing and established countries is expected to fuel the expansion of the market. By the end of the forecast year, the Middle East and Africa vacuum coating equipment market is anticipated to generate more than US$ 1.1 billion in revenue. Future market growth in MEA is anticipated to be positively impacted by favorable government policies.
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Vacuum Coating Equipment Market Drivers
Vacuum Coating Equipment Market Restraints
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The vacuum coating equipment market is moderately fragmented. The major businesses employ a variety of tactics to capture a sizable portion of the market, including acquisitions, partnerships, joint ventures, the development of innovative products, and distribution agreements.
Vacuum Coating Equipment Market Top Players Company Profiles
Vacuum Coating Equipment Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the analysis, the global vacuum coating equipment market is currently led by countries in the Asia Pacific region, due to rising demand for electric automobiles in this region. Along with this, the chemical vapor deposition (CVD) segment is projected to lead the market over the forecast period.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 20.5 billion |
Market size value in 2031 | USD 35.59 billion |
Growth Rate | 6.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Vacuum Coating Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vacuum Coating Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vacuum Coating Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vacuum Coating Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20I2181
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