Global Vapor Deposition Market Scope

Global Vapor Deposition Market Size, Forecast, and Trend Highlights Over 2022 - 2031

The global vapor deposition market is estimated to garner a notable revenue by the end of 2031 by growing at a CAGR of ~7% over the forecast period, i.e., 2022 – 2031. Further, the market is estimated to grow primarily on the back of rising demand for solar panels for energy production, in which a vapor technique is used for the deposition of a thin layer. As per the Energy Gov., more than 1 in 7 seven United States homes is projected to have a rooftop solar PV system by the end of 2031.

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Vapor deposition (VD) is a coating process in which vaporized materials are condensed to form a solid layer over a substrate via condensation, chemical reaction, or conversion. This thin film can be used for a variety of reasons, including corrosion protection. There are 2 major process types of vapor deposition such as chemical vapor deposition and physical vapor deposition. Moreover, with the investment in research and development, vapor deposition will be widely used in different sectors. As per the International Trade Association. For instance, as per the United Nations Educational, Scientific, and Cultural Organization, global spending on research and development has reached approximately USD 1.7 trillion.

Global Vapor Deposition Market: Growth Drivers and Challenges

Growth Drivers

• Increasing Inter-Country Demand for Electronics Devices –As per the Observatory of Economic Complexity, the total export and import of electrical machinery and equipment and parts, thereof, television images, sound recorders and reproducers, and sound recorders and reproducers, accessories, and parts of such articles across the globe accounts to USD 2.58 trillion in 2020.

• Rising Demand for Light Vehicles– The vapor deposition technique is used for the metallic coating on vehicles that is thinner than other types of coating processes. Hence, it is expected to increase the growth of the global vapor deposition market. As per the Bureau of Economic Analysis, the sale of light weighted cars has increased from approximately 9,573 million units in Jan 2010 to 15,049 million units in Jan 2022

• Increase in the Number of Hospitals – The vapor deposition technique changes the surface properties of equipment without affecting the biochemical properties of the substrate. Therefore, it is has become popular in medical devices, and projected to surge the growth of the global vapor deposition market. According to the data provided by the American Hospital Association in 2022, there has been an increase in the number of hospitals representing 5,139 U.S community hospitals

• Eco-Friendly Nature – Vapor deposition doesn’t produce any hazardous waste as compared to other processes, and therefore, it is expected to surge the growth of the market. As per the United States Environmental Protection Agency, large-quantity generators reported more than 34.9 million tons of hazardous waste in 2019.

Challenges

• High Investment for the Installation of Vapor Deposition Technology

• Lack of Skilled Labor for the Operation of Complex Equipment

• Strict Environmental Regulations

The global vapor deposition market is segmented and analyzed for demand and supply by end-use into automotive, electrical & electronics, aerospace, and others. Out of these, the automotive segment is anticipated to hold the largest share over the forecast period owing to the surge in the number of motor vehicles produced. For instance, the number of global motor vehicle production increased to 80,145,988 in 2021 from 77,703,987 in 2010.

Global Vapor Deposition Market Regional Synopsis

Regionally, the global vapor deposition market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2031 on the back of the approval of the vapor deposition process for the manufacturing process of solar panels.

The market in the Asia Pacific region is anticipated to grow at a faster pace over the forecast period owing to the rising need for solar panels for the production of solar energy, and increasing demand for attractive auto and motorcycle interiors. Moreover, it improves the durability and function of engine components. As per the Indian Brand Equity Foundation, the total production of two-wheelers, three-wheelers, passenger vehicles, and quadricycles was approximately 1,874,461 in 2021. Moreover, automobile foreign direct investment was nearly USD 32.84 billion between April 2000- March 2022.

Market Segmentation

Our in-depth analysis of the global vapor deposition market includes the following segments:

Key Companies Dominating the Global Vapor Deposition Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global vapor deposition market that are included in our report are Advanced Energy Industries, Inc., Intevac, Inc., IHI HAUZER B.V., Angstrom Engineering Inc., Denton Vacuum, OC Oerlikon Corporation AG, Penta Technology Inc, Kurt J. Lesker Company, AJA INTERNATIONAL, Inc., JOHNSEN ULTRAVAC (JOHNSEN MACHINE COMPANY LIMITED), and others.

Global Vapor Deposition Market: Latest Developments

• March, 2021:  Intevac, Inc., announced an INTEVAC MATRIX PVD order for advanced semiconductor packaging fan-out applications. Following the successful completion of the fan-out evaluation programme with a leading outsourced assembly and test company (OSAT) in March 2021.

• January, 2022: Kurt J. Lesker Company announced the acquisition of all the assets of KDF Electronics & Vacuum Services to strengthen the customer relationships with their combination of thin-film deposition and vacuum technology.

Key Reasons to Buy Our Report

• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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