Physical Vapor Deposition Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034
LONDON, GREATER LONDON, UNITED KINGDOM, January 31, 2025 /EINPresswire.com/ -- Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
The physical vapor deposition market has experienced significant growth in recent years and is expected to expand from $23.49 billion in 2024 to $25.78 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%. This growth can be attributed to factors such as the rise in semiconductor manufacturing, the expansion of hard coatings and thin films, advancements in material science and nanotechnology, applications in aerospace and automotive industries, and the development of wear-resistant coatings.
How Big Is the Global Physical Vapor Deposition Market Expected to Grow, and What Is Its Annual Growth Rate?
The physical vapor deposition market is expected to experience rapid growth in the coming years, reaching $37.98 billion by 2029, with a compound annual growth rate (CAGR) of 10.2%. This growth is driven by factors such as the adoption of green and sustainable PVD processes, the trend toward miniaturization and high-performance coatings, the expansion of renewable energy applications, the growth of MEMS and NEMS technologies, and the development of customized coatings for specific industries.
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What Is Driving the Growth of the Physical Vapor Deposition Market?
The growing demand for medical devices and equipment is expected to drive the expansion of the physical vapor deposition (PVD) market in the coming years. Medical device manufacturers are increasingly using PVD to apply highly durable, thin coatings on materials such as stainless steel, titanium, ceramics, and other advanced products. PVD coating techniques are employed to enhance corrosion resistance in medical device coatings, orthopedic surgical instruments, and implants.
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Which Leading Companies Are Driving The Growth Of The Physical Vapor Deposition Market Share?
Major companies operating in the physical vapor deposition market include Applied Materials Inc., IHI Hauzer B.V., Oerlikon Balzers Coating AG, Advanced Energy Industries Inc.
What Are The Key Trends Driving The Growth Of The Physical Vapor Deposition Market Size?
Leading companies in the physical vapor deposition market are creating innovative products to ensure reliable services for their customers.
How Is the Global Physical Vapor Deposition Market Segmented?
The physical vapor deposition market covered in this report is segmented –
1) By Type: PVD Equipment, PVD Materials, PVD Services
2) By Process: Thermal Evaporation, Sputter Deposition
3) By Application: Microelectronics, Data Storage, Solar products, Cutting Tools, Medical Equipment, Other Applications
Subsegments:
1) By PVD Equipment: Evaporation Systems, Sputtering Systems, Cathodic Arc Deposition Systems, Ion Beam Deposition Systems
2) By PVD Materials: Metallic Materials, Ceramic Materials, Alloy Materials, Target Materials
3) By PVD Services: Coating Services, Maintenance and Repair Services, Consulting And Support Services
The Leading Region in the Physical Vapor Deposition Market is:
Asia-Pacific was the largest region in the physical vapor deposition market in 2024. North America was the fastest-growing region in the physical vapor deposition market share. The regions covered in the physical vapor deposition market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is the Physical Vapor Deposition Market?
Physical vapor deposition encompasses various vacuum deposition techniques used to create thin films and coatings. It is a process where a material changes from a condensed phase to a vapor phase, and then reverts back to a thin-film condensed phase.
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