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

Market Segmentation

• Physical Vapor Deposition Product Outlook (Revenue, USD Million, 2018 - 2030)
  • Thermal Evaporation
  • Sputter Deposition
  • Arc Vapor Deposition
• Physical Vapor Deposition Application Outlook (Revenue, USD Million, 2018 - 2030)
  • Semiconductor & Electronics
  • Solar Products
  • Cutting Tools
  • Medical Equipment
  • Other
• Physical Vapor Deposition Regional Outlook (Revenue, USD Million, 2018 - 2030)
  • North America
    • North America Physical Vapor Deposition Market, By Product 
      • Thermal Evaporation
      • Sputter Deposition
      • Arc Vapor Deposition
    • North America Physical Vapor Deposition Market, By Application
      • Semiconductor & Electronics
      • Solar Products
      • Cutting Tools
      • Medical Equipment
      • Other
    • U.S.
      • U.S. Physical Vapor Deposition Market, By Product 
        • Thermal Evaporation
        • Sputter Deposition
        • Arc Vapor Deposition
      • U.S. Physical Vapor Deposition Market, By Application
        • Semiconductor & Electronics
        • Solar Products
        • Cutting Tools
        • Medical Equipment
        • Other
    • Canada
      • Canada Physical Vapor Deposition Market, By Product 
        • Thermal Evaporation
        • Sputter Deposition
        • Arc Vapor Deposition
      • Canada Physical Vapor Deposition Market, By Application
        • Semiconductor & Electronics
        • Solar Products
        • Cutting Tools
        • Medical Equipment
        • Other
    • Mexico
      • Mexico Physical Vapor Deposition Market, By Product 
        • Thermal Evaporation
        • Sputter Deposition
        • Arc Vapor Deposition
      • Mexico Physical Vapor Deposition Market, By Application
        • Semiconductor & Electronics
        • Solar Products
        • Cutting Tools
        • Medical Equipment
        • Other
  • Europe
    • Europe Physical Vapor Deposition Market, By Product 
      • Thermal Evaporation
      • Sputter Deposition
      • Arc Vapor Deposition
    • Europe Physical Vapor Deposition Market, By Application
      • Semiconductor & Electronics
      • Solar Products
      • Cutting Tools
      • Medical Equipment
      • Other
    • UK
      • UK Physical Vapor Deposition Market, By Product 
        • Thermal Evaporation
        • Sputter Deposition
        • Arc Vapor Deposition
      • UK Physical Vapor Deposition Market, By Application
        • Semiconductor & Electronics
        • Solar Products
        • Cutting Tools
        • Medical Equipment
        • Other
    • Germany
      • Germany Physical Vapor Deposition Market, By Product 
        • Thermal Evaporation
        • Sputter Deposition
        • Arc Vapor Deposition
      • Germany Physical Vapor Deposition Market, By Application
        • Semiconductor & Electronics
        • Solar Products
        • Cutting Tools
        • Medical Equipment
        • Other
    • France
      • France Physical Vapor Deposition Market, By Product 
        • Thermal Evaporation
        • Sputter Deposition
        • Arc Vapor Deposition
      • France Physical Vapor Deposition Market, By Application
        • Semiconductor & Electronics
        • Solar Products
        • Cutting Tools
        • Medical Equipment
        • Other
    • Italy
      • Italy Physical Vapor Deposition Market, By Product 
        • Thermal Evaporation
        • Sputter Deposition
        • Arc Vapor Deposition
      • Italy Physical Vapor Deposition Market, By Application
        • Semiconductor & Electronics
        • Solar Products
        • Cutting Tools
        • Medical Equipment
        • Other
  • Asia Pacific
    • Asia Pacific Physical Vapor Deposition Market, By Product 
      • Thermal Evaporation
      • Sputter Deposition
      • Arc Vapor Deposition
    • Asia Pacific Physical Vapor Deposition Market, By Application
      • Semiconductor & Electronics
      • Solar Products
      • Cutting Tools
      • Medical Equipment
      • Other
    • China
      • China Physical Vapor Deposition Market, By Product 
        • Thermal Evaporation
        • Sputter Deposition
        • Arc Vapor Deposition
      • China Physical Vapor Deposition Market, By Application
        • Semiconductor & Electronics
        • Solar Products
        • Cutting Tools
        • Medical Equipment
        • Other
    • Japan
      • Japan Physical Vapor Deposition Market, By Product 
        • Thermal Evaporation
        • Sputter Deposition
        • Arc Vapor Deposition
      • Japan Physical Vapor Deposition Market, By Application
        • Semiconductor & Electronics
        • Solar Products
        • Cutting Tools
        • Medical Equipment
        • Other
    • Australia
      • Australia Physical Vapor Deposition Market, By Product 
        • Thermal Evaporation
        • Sputter Deposition
        • Arc Vapor Deposition
      • Australia Physical Vapor Deposition Market, By Application
        • Semiconductor & Electronics
        • Solar Products
        • Cutting Tools
        • Medical Equipment
        • Other
    • India
      • India Physical Vapor Deposition Market, By Product 
        • Thermal Evaporation
        • Sputter Deposition
        • Arc Vapor Deposition
      • India Physical Vapor Deposition Market, By Application
        • Semiconductor & Electronics
        • Solar Products
        • Cutting Tools
        • Medical Equipment
        • Other
  • Central & South America
    • Central & South America Physical Vapor Deposition Market, By Product
      • Thermal Evaporation
      • Sputter Deposition
      • Arc Vapor Deposition
    • Central & South America Physical Vapor Deposition Market, By Application
      • Semiconductor & Electronics
      • Solar Products
      • Cutting Tools
      • Medical Equipment
      • Other
    • Brazil
      • Brazil Physical Vapor Deposition Market, By Product
        • Thermal Evaporation
        • Sputter Deposition
        • Arc Vapor Deposition
      • Brazil Physical Vapor Deposition Market, By Application
        • Semiconductor & Electronics
        • Solar Products
        • Cutting Tools
        • Medical Equipment
        • Other
    • Argentina
      • Argentina Physical Vapor Deposition Market, By Product
        • Thermal Evaporation
        • Sputter Deposition
        • Arc Vapor Deposition
      • Argentina Physical Vapor Deposition Market, By Application
        • Semiconductor & Electronics
        • Solar Products
        • Cutting Tools
        • Medical Equipment
        • Other
  • Middle East & Africa
    • Middle East & Africa Physical Vapor Deposition Market, By Product
      • Thermal Evaporation
      • Sputter Deposition
      • Arc Vapor Deposition
    • Middle East & Africa Physical Vapor Deposition Market, By Application
      • Semiconductor & Electronics
      • Solar Products
      • Cutting Tools
      • Medical Equipment
      • Other
    • South Africa
      • South Africa Physical Vapor Deposition Market, By Product
        • Thermal Evaporation
        • Sputter Deposition
        • Arc Vapor Deposition
      • South Africa Physical Vapor Deposition Market, By Application
        • Semiconductor & Electronics
        • Solar Products
        • Cutting Tools
        • Medical Equipment
        • Other
    • UAE
      • UAE Physical Vapor Deposition Market, By Product
        • Thermal Evaporation
        • Sputter Deposition
        • Arc Vapor Deposition
      • UAE Physical Vapor Deposition Market, By Application
        • Semiconductor & Electronics
        • Solar Products
        • Cutting Tools
        • Medical Equipment
        • Other

Physical Vapor Deposition Market Dynamics

Driver: Sustained Growth In Semiconductor Manufacturing

Currently, the primary components of mainstream electronics are semiconductor packages and processes involving surface mount technology. These elements collectively form various devices such as smartphones, tablets, personal computers, and laptops. The production of microelectronic devices involves a series of procedures, including the deposition of thin-film materials, thin-film prototyping, selective etching of thin films, and material modifications. By repeating these steps in a particular order, with different parameters and patterns, it's possible to manufacture hundreds of chips on a single wafer, each chip housing hundreds of millions of operational devices. Processes like sputtering and evaporation, which are types of physical vapor deposition, are used to apply a hard, wear-resistant coating to the chips before they are integrated into the final products. Thin film deposition is one such process. According to the Semiconductor Industry Association (SIA), global semiconductor sales were valued at USD 149.4 billion in 1999 and rose to approximately USD 412.3 billion in 2019, indicating a compound annual growth rate (CAGR) of 5.2%. Furthermore, the World Semiconductor Sales Statistics (WSTS) forecast for fall 2020 predicts that total semiconductor sales will reach USD 433.1 billion in 2020 and USD 469.4 billion by 2021.

Increasing Demand From Medical Applications

Biomedical and surgical devices, engineered to enhance life quality, necessitate durability, minimal friction, and biocompatibility. These attributes are provided by Physical Vapor Deposition (PVD) coatings, which apply to all materials typically used in these devices. Instruments coated with PVD exhibit improved performance due to the transformation of surface properties, while the fundamental material properties remain unchanged. The medical device sector produces items for use in various settings, including hospitals, nursing homes, clinics, and home healthcare. PVD coatings are utilized on these tools and equipment to augment their effectiveness, efficiency, and longevity. As these devices advance, both the duration of hospital stays and the cost of treatment become more manageable. Consequently, the PVD market is expected to experience substantial demand from the medical field due to its extensive application in medical equipment. The PVD market for medical equipment is contingent on the healthcare expenditure in a specific region. Factors such as availability, awareness, affordability, and adaptability drive the demand for medical equipment. the medical equipment industry is anticipated to expand owing to the escalating demand for superior healthcare services in emerging economies, along with an increase in the number of hospitals.

Restraint: High Capital Costs

the expansion of PVD coating technology has been constrained due to the substantial initial investment required, despite its superior performance. This cost encompasses the price of raw materials, the expense of the equipment, and the wages of the skilled workforce needed to operate the intricate machinery. A PVD method necessitates a suitable cooking system for high-temperature and vacuum processes, such as the evaporation of high-melting-point materials. Consequently, the system demands proficient operators, leading to elevated capital costs. In addition to the high initial investment, the growth of PVD coatings has been hindered by the volatile prices of titanium, driven by the increasing demand for titanium and its alloys in the aerospace and aircraft sectors, a trend anticipated to continue throughout the forecast period. Furthermore, a significant portion of the technology in the market is patented. Due to these factors, the high production cost is projected to impede the market growth over the forecast period.

What Does This Report Include?

This section will provide insights into the contents included in this physical vapor deposition market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Physical vapor deposition market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

Physical vapor deposition market quantitative analysis

• Market size, estimates, and forecast from 2018 to 2030

• Market estimates and forecast for product segments up to 2030

• Regional market size and forecast for product segments up to 2030

• Market estimates and forecast for application segments up to 2030

• Regional market size and forecast for application segments up to 2030

• Company financial performance