Transparency Market Research (TMR) has published a new market study on the global physical vapor deposition market. According to the report, the global physical vapor deposition market is expected to exhibit a CAGR of 9.50% in the period from 2013 to 2019. The market, which was valued at US$10.9 bn in 2012, is anticipated to reach a value of US$20.4 bn by 2019.The report is titled “Physical Vapor Deposition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.” The report contains fruitful information on the statistics about the global physical vapor deposition market, its growth drivers, restraints, and its future feasibility. The report analyzes all the influential factors that can lead to sustained growth of the market or inhibit the market. Emerging trends and opportunities in the global physical vapor deposition market, along with its competitive landscape, have been presented in a clear manner.
Physical vapor deposition (PVD) is a technology that is used to produce thin films. PVD uses a physical process such as heating to produce a vapor of certain materials, which is then deposited over the surface of the object that needs to be coated. PVD coating is required in optical, mechanical, chemical, and electronic items.
The advantages of PVD coatings include their property of being corrosion resistant, their environment-friendly nature, and the fact that these coatings are harder as compared to other coatings that can be applied by means of electroplating. These advantages of physical vapor deposition make the process valuable for several industries such as aerospace, automotive, medical, dyes and moulds, cutting tools, optics, watches, metals, and food packaging. The global market for physical vapor deposition is thus expected to expand due to an increasing demand from the aforementioned industries.
The report suggests that the global physical vapor deposition market will be driven by the extensive use of physical vapor deposition in microelectronics and medical equipment in the forecast period from 2013 to 2019. The market is further expected to be boosted by the huge demand for physical vapor deposition from various application areas such as defense, computers, and medical. Other drivers that are likely to contribute to the success of the global physical vapor deposition market are the advancements in technology in the microelectronics field, leading to a greater demand for physical vapor deposition.
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Patent protection laws on PVD technologies are likely to restrict the expansion of new market entrants, thus limiting the market by reducing competition. Another restricting factor is the limited or reduced R&D efforts carried out in the field of PVD.
The global market for PVD is segmented by industry, application, and geography. The PVD industry segments include PVD equipment, PVD materials, and PVD services, out of which the global physical vapor deposition market was dominated in 2012 by the PVD equipment segment, as it held 65% of the total market. The report forecasts that the PVD services segment will be the fastest growing segment, expanding at a CAGR of 9.70% in the period from 2013 to 2019.
Geographically the market is segmented into North America, Asia, Europe, and RoW. Among these regions, Asia Pacific dominated the global physical vapor deposition market, accounting for 50% of the market, and is anticipated to retain its hold over the market for the rest of the forecast period.
Major companies analyzed and profiled in the report include: Leybold Optics, Semicore Equipment, KDF, Hauzer Coating Technology, ELVAC Technologies, Platit, AJA International, and Oerlikon Balzers.
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