Global Physical Vapor Deposition Market Finds New Growth Avenues in Microelectronics and Medical Devices
The global physical vapor deposition market is progressing at a CAGR of 9.5% within a forecast period from 2013 to 2019. This market was valued at US$10.9 bn in 2012, and through a series of progressive growth drives, is expected to reach US$20.4 bn before the end of 2019.
A report released by Transparency Market Research explains why the global physical vapor deposition market will grow to nearly double its market value in a span of seven years. “Physical Vapor Deposition Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” is an in-depth and precision-driven presentation on the market and all the factors that are expected to influence its growth pattern in the near future. The report considers both present and future trends to reach its conclusions.
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PVD is considered as a high level technology or process that can produce extremely thin films over specific surfaces. This involves the application of vapor to these surfaces. The vapor has to come from a specific material as well. PVD is largely used to improve the resistance of a surface to wear and tear, corrosion, and some amounts of mechanical stress. The properties of the PVD process make it invaluable to industries that rely on multiple instruments in harsh environments or have to manufacture devices meant for similar cases.
For instance, the key driver of the global physical vapor deposition market is being stated to be the high demand for this procedure and its providers in the fields of medical devices and microelectronics. Other application segments of the global physical vapor deposition market include computers, defense, automotive, and aerospace.
Another driver expected to promote the growth of the global physical vapor deposition market in the near future is the rapid rate of advancements made in the field of microelectronics. These developments will increase the scope of application of PVD in the field of microelectronics.
However, there are some restrictions that players cannot bypass. The greatest challenge to new entrants in this market are the patent protection laws in effect on an already high number of PVD technologies. These protection laws are inhibiting the overall growth of the global physical vapor deposition market by limiting the access points to the market for new players. Yet another factor hinders the growth of this market, which is the very low rate of efforts conducted in PVD-related research and development.
The regional analysis carried out by the report’s authors reveals around half the market to be occupied by Asia Pacific. The analysts expect the APAC to remain as the dominant region in the market for the given timeline, owing to a high demand through a rapid rate of industrialization and healthcare infrastructure development.
Of the many related companies discussed in the report, the global physical vapor deposition market is a major base of operations for several top players, such as Oerlikon Balzers, AJA International, ELVAC Technologies, Semicore Equipment, Platit, Leybold Optics, Hauzer Coating Technology, and KDF.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.