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. According to MarkNtel Advisors Study.
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.
Moreover, PVD-coated surfaces can improve the efficiency of radar and LiDAR sensors used in autonomous vehicles. As automakers increasingly transition to EVs and autonomous technologies, the demand for PVD coatings to support these advancements is expected to expand.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Physical Vapor Deposition Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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 are looking forward to strengthening their market positions.
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