Global Physical Vapor Deposition Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-2030
The Global Physical Vapor Deposition Market size was valued at around USD 25.11 billion in 2023 & is estimated to grow at a CAGR of around 5.25% during the forecast period, i.e., 2024-30.
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Global Physical Vapor Deposition Market Dynamics: 2024-2030
Global Physical Vapor Deposition Market Driver:
Growing demand for PVD in the Automotive Industry – The automotive industry is experiencing a surge in PVD demand, driven by innovations in electric vehicles (EVs) and autonomous driving. PVD coatings play a critical role in enhancing the durability and performance of components in EVs, such as battery cells, electrical connectors, and sensors. PVD coatings are used to enhance the wear and corrosion resistance of these lightweight alloys, contributing to fuel efficiency gains. Additionally, PVD-coated parts in the automotive sector reduce friction, improving engine efficiency and overall performance.
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Global Physical Vapor Deposition Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Process
-Thermal Evaporation- Market Size & Forecast 2019-2030, USD Million
-Sputter Deposition- Market Size & Forecast 2019-2030, USD Million
-Arc Vapor Deposition- Market Size & Forecast 2019-2030, USD Million
-Ion Implantation- Market Size & Forecast 2019-2030, USD Million
-Others (Electron-beam Vapor Deposition, etc.) - Market Size & Forecast 2019-2030, USD Million
By Material Type
-Metals- Market Size & Forecast 2019-2030, USD Million
-Ceramics- Market Size & Forecast 2019-2030, USD Million
-Plastic- Market Size & Forecast 2019-2030, USD Million
-Glass- Market Size & Forecast 2019-2030, USD Million
-Others (Optical Components, etc.) - Market Size & Forecast 2019-2030, USD Million
By End User
-Automotive- Market Size & Forecast 2019-2030, USD Million
-Aerospace & Defense- Market Size & Forecast 2019-2030, USD Million
-Medical- Market Size & Forecast 2019-2030, USD Million
-Electronics- Market Size & Forecast 2019-2030, USD Million
-Others (Packaging, etc.)- Market Size & Forecast 2019-2030, USD Million
The aerospace & defense segment is emerging as a key end user in the Global Physical Vapor Deposition Market.
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
The Asia-Pacific region is witnessing substantial demand for Physical Vapor Deposition (PVD) technology.
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Top Companies Operating in the Global Physical Vapor Deposition Market:
Oerlikon Group, Angstrom Engineering Inc., Kurt J. Lesker Company, NISSIN ELECTRIC Co. Ltd., IHI Corporation, HEF Groupe, Lafer S.p.A., Inorcoat, KOLZER SRL, Denton Vacuum, Intevac Inc., Advanced Coating Service, Voestalpine AG, Kobe Steel Ltd., Impact Coatings AB, Tanury, Vergason Technology Inc., Richter Precision Inc., PVD Products Inc., Linde, Surface Modification Technologies, ASSAB Steels Singapore (Pte) Ltd., Mustang Vacuum Systems, Thermalytica, Sutton Tools, and others
Industry Recent Development:
- 2023: OC Oerlikon Management AG signed a ten-year contract with ITP Aero to apply its new advanced PVD coating to ITP Aero's next-generation aircraft engine components.
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