Physical Vapor Deposition Market Crosses USD 25.11 Billion in 2023, Envisions 5.25% CAGR Surge Up to 2030

Market Overview: Physical Vapor Deposition Market

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Physical Vapor Deposition Market Insights 2024-30

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 2024-30.

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Driving Innovation: Exploring the Physical Vapor Deposition Market and its Key Drivers

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.

Top Players in the Physical Vapor Deposition Market:

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, Others

Physical Vapor Deposition Industry Recent Development:

• 2023: OC Oerlikon Management AG signed a ten-year contract with ITP Aero to apply its new advanced PVD coating to ITP Aero’s next-generation aircraft engine components.

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Segmentation Analysis of Physical Vapor Deposition Market

Physical Vapor Deposition Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

By Process

-Thermal Evaporation

-Sputter Deposition

-Arc Vapor Deposition

-Ion Implantation

-Others (Electron-beam Vapor Deposition, etc.)

By Material Type

-Metals

-Ceramics

-Plastic

-Glass

-Others (Optical Components, etc.)

By End User

-Automotive

-Aerospace & Defense

-Medical

-Electronics

-Others (Packaging, etc.)

• The aerospace & defense segment is emerging as a key end user in the Global Physical Vapor Deposition Market.

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A Comprehensive Geographical Analysis:

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

• The Asia-Pacific region is witnessing substantial demand for Physical Vapor Deposition (PVD) technology.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others. 

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