Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Physical Vapor Deposition Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Physical Vapor Deposition Market Grow Between 2024 and 2025?
The market size of the physical vapor deposition industry has shown considerable growth recently. It is projected to increase from $23.14 billion in 2024 to $24.67 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%.
How Much Will the Physical Vapor Deposition Market Be Worth in 2029?
The Physical Vapor Deposition market is forecasted to reach $33.89 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.3%.
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Which Physical Vapor Deposition Market Drivers Are Linked to Revenue Growth?
The key Drivers in the physical vapor deposition market are:
• Rising demand for medical devices and equipment
• Increasing use of PVD by medical device manufacturers to create durable, thin coatings
• Application of PVD coating methods for improving resistance to corrosion in medical device coatings and surgical instruments
• Enhanced use of PVD in the manufacturing of orthopaedic implants.
Which Segments Are Expected to Grow in the Physical Vapor Deposition Market?
The physical vapor depositionmarket covered in this report is segmented –
1) By Type: PVD Equipment, PVD Materials, PVD Services
2) By Process: Thermal Evaporation, Sputter Deposition
3) By Application: Microelectronics, Data Storage, Solar products, Cutting Tools, Medical Equipment, Other Applications
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What Are The Key Trends Impacting Growth In The Global Physical Vapor Deposition Market?
The key trends in the physical vapor deposition market are:
• Increased focus on product innovation for enhanced thermal stability is an emerging trend in the market.
• Development of physical vapor deposition products with wide temperature ranges is being prioritized.
• The market is seeing a trend towards creating products suitable for various high-performance applications.
• The production of highly crystallized physical vapor deposition products for efficient performance is on the rise.
Who Are the Key Competitors in the Global Physical Vapor Deposition Market?
The key players in the physical vapor deposition market are:
• Applied Materials Inc.
• IHI Hauzer B.V.
• Oerlikon Balzers Coating AG
• Advanced Energy Industries Inc.
• Platit AG
• Semicore Equipment Inc.
• Angstrom Engineering Inc.
• Singulus Technologies AG
• Veeco Instruments Inc.
• AJA International Inc.
• Buhler Alzenau GmbH
• Intevac Inc.
• Impact Coatings AB
• Mustang Vacuum Systems Inc.
• Silfex Inc.
• Denton Vacuum LLC
• CHA Industries Inc.
• Plasma Quest Limited
• Kurt J. Lesker Company
• HEF USA LLC
• Tokyo Electron Limited
• Richter Precision Inc.
• Lam Research Corporation
• KDF Electronics & Vacuum Services Inc.
• Impreglon Canada Ltd.
• Plasma-Therm LLC
• ULVAC Inc.
• voestalpine AG
• ASM International N.V.
• Techmetals Inc.
Where Is the Physical Vapor Deposition Market Growing Fastest Between 2025 and 2029?
Asia-Pacific was the largest region in the physical vapor deposition market in 2024
