Physical Vapor Deposition Market for Microelectronics, Storage, Solar Applications, Medical Equipments and Cutting Tools – Market Size and Industry Analysis & Forecast by 2019
Physical vapor deposition (PVD) is one of the most suitable technologies for providing a hard, wear-resistant coating on medical devices and surgical instruments. The biocompatibility of PVD coatings without any change in sensitive steel tools makes it a suitable technology for metal deposition needed in the medical industry.
The research report on the physical vapor deposition market studies the market’s three product categories, namely PVD equipment, PVD materials, and PVD services, and data regarding the same is used for analyzing the developmental status of the market at various stages during the forecast period. Based on these figures, the study presents market size estimates in terms of revenue (US$ mn) for physical vapor deposition technology. The research report examines the various market indicators such as market drivers, restraints, and opportunities that are used to calculate forecast values for the PVD market for the forecast period.
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In matters of competition, the study analyzes major players in the global PVD market with the help of value chain analysis and Porter’s five forces model. The report also includes market share of the major companies in the PVD market for 2012. The revenue generated from physical vapor deposition products was used to calculate the market share of major companies in this industry.
Overview of Physical Vapor Deposition Market
The global PVD market stood at US$10.9 bn in 2012. The market for PVD is expected to expand at a CAGR of 9.50% between 2013 and 2019, which will lead the PVD market to a value of US$20.4 bn by 2019.
The global PVD market has been displaying healthy growth over the past few years due to increasing use of PVD technology in several end-use industries such as medical equipment and microelectronics.
Increasing use of electronic devices such as computers and smartphones has spurred the demand for durable microelectronics for longer use of these applications. This is consolidating the use of PVD technology for microelectronics, in turn benefiting the global PVD market.
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However, patent protection of PVD technology poses a challenge for the entry of new market players and also requires high initial investments from new entrants. This is limiting market participation, leading to relatively slow growth of the PVD market.
Solar applications of PVD hold promise for the PVD market due to limited exploration of the application of the technology in this area.
The global PVD market is divided on the basis of product type, end use, and geography. The growth of the market is expected to be relatively uniform and equally distributed, with each segment expected to contribute handsomely.
In 2012, PVD equipment dominated the market with a 65% share in the overall market for PVD. However, from 2013 to 2019, it is the PVD services segment that will display the fastest growth, at an expected CAGR of 9.70% during the period.
Major Companies in Global PVD Market
Some of the major companies involved in the PVD industry are AJA International, Platit, KDF, ULVAC Technologies, Oerlikon Balzers, Hauzer Coating Technology, Leybold Optics, and Semicore Equipment.