Key Highlights
As per the TMR, the global physical vapor deposition market isestimated to attain a valuation of US$ 40.1 Bn by the end of 2027 progressingfrom US$ 19.2 Bn in 2018. The market ispredicted to rise at a healthy 8.5% CAGR during the forecastperiod 2019 to 2027.
Rising Application of Microelectronics to HelpMarket Gain Momentum
The demand for the physical vapor deposition is increasing in theelectronics industry as they have adopted PVD on a large scale. In addition,rising demand for microelectronics in various applications such as automotiveindustry, data storage, medical equipment, solar products, architecturalglasses are acting as the growth driver for the global physical vapordeposition market. PVD coating is widely employed in cutting tools by providingadvanced oxidation resistance, outstanding wear resistance, improved cuttingspeed and feed rate, and many other benefits. Thus, PVD in cutting tools isexpected to grow in coming years. Furthermore, flourishing automotive andconstruction industries are expected to accelerate the demand in the physical vapordeposition market in coming years. Increasing focus on the incorporation ofgreen power technologies in their energy mixes is creating high demand foreffective solar energy products, which, in turn, is also expected to drive themarket.
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Among various classification by category in which physical vapordeposition market is divided, PVD equipment segment leads the market by holdingnearly half of the share in the market in 2018. This segmentis considered one of the most lucrative segment for the growth of the market.During the forecast period, PVD equipment segment is expected to maintain itsdominance mainly because of high costs of PVD equipment. Based on geography,Asia Pacific leads the market by holding 40% of the globalmarket shares in 2018. The value of the market in this region is expected todouble by the end of forecast period.
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High Initial Investment from New Entrants toRestrict Market Entry
There are certain restraining factors affecting the growth of themarket. One of the major factors is stringent patent protection laws onexisting PVD technologies. Due to strict laws, the market entry by thenew entrants has become more difficult, thus, reducing the chance of healthycompetition among the various leading as well as small players in the market.Moreover, patent protection is likely to increase initial investment requiredby new players that may lead to a possibility of market monopoly in comingyears.
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Global Physical Vapor Deposition Market High Degreeof Competition
The global physical vapor deposition market witnesses a high degreecompetition among the leading players and entry barriers is restricted for thenew and small players. Entry barriers are strict due to extensive patentprotection provided to PVD technologies, materials, process, and systems.Over 200 patents have further limited expansion of smallcompanies, as they need to be authorized under patents that have limited theirscope of growth. According to the report, the leading players in market; someof the leading players are Mustang Vacuum Systems, Applied Materials,Inc., Singulus Technologies AG, Silfex Inc. (Lam Research Corp.), and IHICorporation.
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Key Developments in Global Physical VaporDeposition Market
· In September2018, Moorfield Nanotechnology Limited announced that the company hasappointed a new distributor Nano Vacuum Pty Ltd, for their PVD, CVD and etchproducts for the Australia and New Zealand region.
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