Overview and Scope
Vacuum coating refers to a vacuum chamber method that involves applying a very thin and consistent layer of coating to the surface of a substrate to safeguard it from forces that could wear it down or reduce its efficiency. The vacuum coating equipment includes the application of vacuum technology, which entails a sub-atmospheric pressure environment and an atomic or molecular combustible vapor.
Sizing and Forecast
The vacuum coating equipment market size has grown strongly in recent years. It will grow from <b>$33.33 billion in 2023 to $35.86 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. </b> The growth in the historic period can be attributed to increased demand for consumer electronics and semiconductors, growing demand for medical equipment and devices, increasing demand for energy-efficient coatings, growing demand for automotive coatings, increasing demand for decorative coatings.
The vacuum coating equipment market size is expected to see strong growth in the next few years. It will grow to <b>$48.05 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. </b> The growth in the forecast period can be attributed to increasing demand for nanocoatings and thin films, rise in demand for functional coatings with enhanced properties, integration of automation and robotics in vacuum coating processes, development of environmentally friendly coating processes, expansion of vacuum coating applications in the renewable energy sector. Major trends in the forecast period include smart coatings, industry 4.0 integration, 5g technology, customized coatings, nanotechnology applications.
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Segmentation & Regional Insights
The vacuum coating equipment market covered in this report is segmented –
1) By Product: Physical Vapor Deposition (PVD), Magnetron Sputtering, Chemical Vapor Deposition (CVD)
2) By Application: Transparent Electrical Conductors, Optical Films, Packaging, Hard and Wear-Resistant Coatings, Other Applications
3) By Vertical: Electronics, Automotive, Healthcare, Other Verticals
<b>Asia-Pacific</b> was the largest region in the vacuum coating equipment market share in 2023. The regions covered in the vacuum coating equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing demand for electric vehicles is expected to drive the growth of the vacuum coating equipment market in the forecast period. Coatings play an important role in protecting the substrates of electric vehicles and their components from rust and damage. The increasing popularity and demand for electric vehicles would lead to an increase in demand for vacuum coating equipment. For instance, according to Bloomberg New Energy Finance (BNEF), EVs are expected to hit 10% of global passenger vehicle sales by 2025, rising to 28% in 2030 and 58% in 2040. Therefore, increasing demand for electric vehicles propels the growth of the vacuum coating equipment market.
Key Industry Players
Major companies operating in the vacuum coating equipment market include <b> Bühler Group, ULVAC Inc., Applied Materials Inc., Singulus Technologies AG, Kolzer Srl, CVD Equipment Corporation, Semicore Equipment Inc., OC Oerlikon, Mustang Vacuum Systems Inc., Izovac Ltd., IHI Corporation, PVD Products Inc., T-M Vacuum Products Inc., Lanzhou Vacuum Equipment Liability Co. Ltd., HEF USA, Veeco Instruments Inc., Leybold GmbH, AJA International Inc., Angstrom Engineering Inc., Denton Vacuum LLC, Plasma-Therm LLC, Sputtering Components Inc., Advanced Energy Industries Inc., Intlvac Thin Film Corporation, Soleras Advanced Coatings, Von Ardenne GmbH, Impact Coatings AB, KDF Electronic & Vacuum Services Inc., Tokyo Electron Limited, TriVitro Corporation, VTD Vakuumtechnik Dresden GmbH, Xiangtan Hongda Vacuum Equipment Co. Ltd. </b>
The vacuum coating equipment market report table of contents includes:
1. Executive Summary
2.Vacuum Coating Equipment Market Characteristics
3.Vacuum Coating Equipment Market Trends And Strategies
4. Vacuum Coating Equipment market analysis
5.Vacuum Coating Equipment Market Size And Growth
6.Vacuum Coating Equipment Segmentation
7. Vacuum Coating Equipment Regional And Country Analysis
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27.Vacuum Coating Equipment Competitive Landscape And Company Profiles
28. Vacuum Coating Equipment Key Mergers And Acquisitions
29.Vacuum Coating Equipment Future Outlook and Potential Analysis
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