Physical Vapor Deposition Market Size, Share & Trends Report

Physical Vapor Deposition Market Size, Share & Trends Analysis Report By Product (Sputter Deposition, Arc Vapor Deposition), By Application (Semiconductor & Electronics, Solar Products), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-1-68038-085-9
  • Number of Report Pages: 125
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2023
  • Forecast Period: 2024 - 2030 
  • Industry: Bulk Chemicals

Research Methodology

A three-pronged approach was followed for deducing the physical vapor deposition market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for physical vapor deposition market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of physical vapor deposition market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Physical Vapor Deposition Market Categorization:

The physical vapor deposition market was categorized into three segments, namely product (Medication Dispensing Systems, Packaging And Labeling Systems, Storage And Retrieval Systems, Automated Medication Compounding Systems, Tabletop Tablet Counters), end use (Retail Pharmacy, Inpatient Pharmacies, Outpatient Pharmacies, Pharmacy Benefit Management Organizations and Mail-Order Pharmacies), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The physical vapor deposition market was segmented into product, end use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The physical vapor deposition market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into thirty countries, namely, the U.S.; Canada; U.K.; Germany; France; Italy; Spain; Denmark; Sweden; Norway; Switzerland, Austria; Russia; Belgium; Netherlands; China; India; Japan; Australia; Thailand; South Korea; Singapore; Hong Kong; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Qatar.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Physical vapor deposition market companies & financials:

The physical vapor deposition market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • OC Oerlikon Management AG - Founded in 1946, OC Oerlikon Management AG, with its headquarters in Pfäffikon SZ, Switzerland, is a producer and supplier of PVD coating equipment. The company's products are versatile, catering to a range of applications such as batch & inline systems, mobile phone and laptop metallization, consumer goods, and notebook casings. The manufacturing facilities of the company have received ISO 9001 and ISO/TS 16949 certifications, attesting to their quality standards. As of 2019, the company had a presence in 37 countries with 182 locations. The company's operations are divided into two segments: Surface Solutions and Manmade Fibers. According to the 2019 annual report, Asia contributed nearly 46% to the company's annual sales, Europe 35%, and North America 15%, with the rest of the world accounting for the remaining share. As of December 2019, the company employed 11,134 individuals, including R&D professionals, artisans, and daily wage workers.

  • Angstrom Engineering, Inc. - Founded in 1992, Angstrom Engineering, Inc., with its headquarters in Ontario, Canada, specializes in the development and production of thin film deposition systems for physical vapor deposition (PVD) and chemical vapor deposition (CVD) processes. The company is engaged in the design and assembly of systems on-site, tailored to the needs of customers and laboratories. It caters to a variety of applications such as perovskite photovoltaic, thin film transistors, space simulation, organic and inorganic light emitting diodes, flat panel display, research solar cell panels, photovoltaic, nanotechnology, materials research, and aerospace testing. The PVD system finds use in a wide range of applications in thin film deposition technology and 2D material research, including nanotubes & graphene and space simulation.

  • Kurt J. Lesker Co. - Established in 1954, Kurt J. Lesker Company, headquartered in Philadelphia, U.S., primarily engages in the production and distribution of vacuum technology, serving over 10,000 customers worldwide. The company's offerings include LEDs, optics, UHV/synchrotron, wear & decorative items, and electronics. Beyond manufacturing, the company offers global solutions and services such as PED, pump repair, fluid reclaim, precious metal reclaim, and target binding. The company operates through four divisions: Vacuum Mart, Manufacturing, Materials, and Process Equipment. The Vacuum Mart division handles feed-throughs & viewports, vacuum flanges & components, vacuum valves, sample manipulation & motion, vacuum fluids & greases, pressure measurement, and gas & liquid management. The Manufacturing division is responsible for vacuum chambers. The Materials division comprises deposition materials and evaporation sources. The Process Equipment division encompasses thin film deposition systems, TORUS Meganetron Sputtering Cathodes, power supplies, and components of thin film deposition systems. As of the end of 2019, the company employed a workforce of 225 individuals.

  • IHI HAUZER B.V. - Founded in 1983, IHI HAUZER B.V. is a company based in Venlo, the Netherlands, and is a constituent of the Heat Treatment and Surface Engineering business of the IHI Group. The company specializes in a variety of coatings including low friction, cutting tool, wear-resistant, decorative, fuel cell, antibacterial, decorative chrome, and others. These coatings find applications in various sectors such as automotive, industrial components, aerospace, fuel cells, home appliances, and luxury goods. IHI HAUZER B.V. offers two types of product categories: Batch Systems and Inline Systems. The Batch Systems include Flexicoat 850, Flexicoat 1000, Flexicoat 1250, and Flexicoat 1500, while the Inline Systems consist of metalliner and triboliner. In addition to its products, the company also offers a range of services including customer support, training, joint development & sampling, and machinery upgrades. As of March 2019, the company employed a workforce of 130 workers.

  • Denton Vacuum - Established in 1964, Denton Vacuum is a New Jersey, U.S. based company that specializes in the development, manufacture, and distribution of products suitable for a wide range of applications including aerospace, semiconductors, emerging technologies, microscopy & microanalysis, medical, and optics. In 2016, the company pioneered a thin film technology that incorporates a plasma emission monitor (PEM). Denton Vacuum operates its marketing and sales activities across various regions including North America, Europe, Asia, and the Middle East. The company is a provider of thin film technology and lends its support to leading global innovators such as Apple, 3M, BASF, AT&T, Dow, Boeing, FLIR Systems, Google, General Electric, IBM, Honeywell, Intel, Kodak, JDS Uniphase, Merck, Motorola, Microsoft, Northrop Grumman, Seagate, Pentax, Siemens, Texas Instruments, TRW, Thales, United Technologies, Varian, Xerox, and Zeiss. Furthermore, Denton Vacuum collaborates with numerous research universities and government organizations around the globe.

  • Intevac, Inc. - Intevac, Inc., a company established in 1991 and based in California, U.S., conducts its operations through two business segments. The thin film equipment segment serves industries such as hard disk drives, solar, display panels, and advanced packaging, while the photonics segment caters to the military industry. The company has manufacturing facilities in California and Asia. Direct product sales are handled by its sales force, while indirect sales are conducted through distributors in Japan and China. Its sales in Asia are managed by its offices in Malaysia, China, and Singapore. The company operates geographically in the U.S., Asia, and Europe. According to the 2019 annual report, the U.S. contributed to nearly 33% of net sales, Asia contributed 66%, and Europe accounted for the remaining 1%. As of December 2019, Intevac employed 272 individuals, including engineers, 14 contract employees, R&D professionals, and salespersons.

  • Impact Coatings AB - Founded in 1997, Impact Coatings AB is headquartered in Linkoping, Sweden. The company's primary focus is on providing PVD technology to sectors such as automotive, fuel cells, and fashion. It offers coating processes for both plastics and metals, with its products being sold under the MAXPHASE brand name. The company's PVD equipment is marketed under the INLINECOATER brand. Impact Coatings AB operates primarily through two divisions: PVD Equipment and Coating Services. The PVD Equipment division offers a product line named INLINECOATER, along with maintenance and support services. On the other hand, the Coating Services division provides customized coating solutions known as Ceramic MAXPHASE, Silver MAXPHASE, and Ultra MAXPHASE. As of December 2019, the company had a workforce of 32 personnel.

  • CHA Industries - Founded in 1954 and originally known as Carl Herrmann Associates, CHA Industries is a California-based company that specializes in the creation, manufacture, and distribution of an array of vacuum deposition systems and related equipment for precision coatings. The company serves a wide range of industries, including semiconductors, optics, solar cells, AR, coatings, fuel cells, medical sensors, aerospace, MEMS, OLEDs, and laser diodes. CHA Industries has a strong international presence, with direct and indirect sales in more than 15 countries worldwide, including China, Hong Kong, Macau, South Korea, India, Singapore, Russia, Malaysia, and Japan. The company also provides services such as the maintenance and overhaul of old coater systems, evaporation systems, and sputtering systems. Furthermore, CHA Industries prides itself on its ability to offer products tailored to the specific needs of its clients.

  • KDF Electronic & Vacuum Services, Inc. - Founded in 1986, KDF Electronic & Vacuum Services Inc. is a New Jersey-based company that specializes in the provision of both new and refurbished physical vapor deposition batch inline sputtering tools. These tools are essential for the development of emerging materials, mainstream silicon, and the flat panel display market. The vacuum coating systems manufactured by the company are utilized extensively in various industries including semiconductors, photo masks, laser diodes, wireless circuits, telecommunications networks, optoelectronics, MEMS, MOES, gallium arsenide, medical devices, and flat panel displays. In addition to manufacturing, KDF also offers customer support and services, supplying replacement parts and providing field services to systems globally. The company supplies sputtering cathodes, sputtering targets, and backing plates as original OEM parts to its existing customer base. KDF has a global footprint with operations in countries such as the U.S., China, the UK, Israel, India, Japan, Korea, Taiwan, Malaysia, the Philippines, Indonesia, and Singapore. As of the end of 2019, the company employed a total of 29 individuals.

  • Johnsen Ultravac - Established in 1961, Johnsen Ultravac is a renowned entity based in Ontario, Canada. It operates as a subsidiary of Johnsen Machine Company Limited, primarily focusing on the production of vacuum equipment. This equipment finds its applications in diverse fields such as aerospace, light sources, semiconductors, synchrotron rings, optoelectronic labs, and various other production facilities. The company is also known for offering tailor-made designs and solutions to a wide range of end users. Its product portfolio includes beamline components, linear motion devices, XYZ manipulators, and vacuum systems, which it supplies to customers across North America, Europe, and Asia. As of the end of 2019, the company had a dedicated team of 25 workers.Furthermore,Johnsen Ultravac is highly esteemed within the synchrotron community for its commitment to maintaining the highest technical standards in research tools. 

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Physical Vapor Deposition Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Physical Vapor Deposition Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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