The Vacuum Coating Equipment Global Market Report 2023 by The Business Research Company, provides vacuum coating equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Vacuum Coating Equipment Global Market Report 2023, the market size grew from $31.09 billion in 2022 to $34.05 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global vacuum coating equipment market is expected to grow to $43.82 billion in 2027 at a CAGR of 6.5%.
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.
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The vacuum coating equipment market 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
Technological advancement is a key trend gaining popularity in the vacuum coating equipment market. Major companies operating in the vacuum coating equipment sector are focused on developing technological solutions for vacuum coating equipment to strengthen their position. For instance, in May 2021, Singulus Technologies, a Germany-based manufacturing company partnered with China National Building Material Co., Ltd., a China-based building material company to develop New Vacuum Coating Machines based on CdTe Thin-Film Technology. SINGULUS TECHNOLOGIES and CNBM have agreed to collaborate on the development and delivery of new coating equipment to lower manufacturing costs, enhance cell performance, and boost output.
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 – Macro Economic Scenario
5. Vacuum Coating Equipment Market Size And Growth
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26. Africa Vacuum Coating Equipment Market
27. Vacuum Coating Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vacuum Coating Equipment Market
29. Vacuum Coating Equipment Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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