What is the Historical Analysis of the Vacuum Coating Equipment Market Size?
The vacuum coating equipment market has seen considerable growth due to a variety of factors.
• The market size for vacuum coating equipment has been experiencing robust growth over the last few years. The market, which was valued at $35.58 billion in 2024, is projected to rise to $38.18 billion in 2025, registering a compound annual growth rate (CAGR) of 7.3%.
This growth in the preceding years has largely been driven by the escalation in demand for consumer electronics and semiconductors, amplified demand for healthcare equipment and devices, an uptick in demand for energy-efficient coatings, expansion in the demand for automotive coatings, along with a surge in demand for decorative coatings.
What is the Forecasted Growth of the Vacuum Coating Equipment Market Size?
The vacuum coating equipment market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the vacuum coating equipment market is predicted to witness substantial growth, escalating to a value of $51.83 billion by 2029 at an annual compound growth rate (CAGR) of 7.9%.
This anticipated growth during the forecast period could be due to the rising demand for thin films and nanocoatings as well as the surge in need for functional coatings with improved characteristics. Other contributing factors involve the incorporation of robotics and automation into vacuum coating operations, the creation of ecologically friendly coating techniques, and the broadening of vacuum coating applications in the renewable energy segment. Key trends forecasted for this period are smart coatings, the integration of Industry 4.0, 5G technology, personalized coatings, and the use of nanotechnology.
What Are The Primary Growth Drivers In The Vacuum Coating Equipment Market?
The growth of the vacuum coating equipment market is anticipated to be fueled by the escalating demand for electric vehicles in the coming years. The significant role that coatings play in shielding the substrates of electric vehicles, including their components, from damage and rust, is crucial. The surge in popularity and need for electric vehicles is likely to boost the demand for vacuum coating equipment. For instance, Bloomberg New Energy Finance (BNEF) predicts that EVs will constitute 10% of worldwide passenger vehicle sales by 2025, soar to 28% by 2030, and reach 58% by 2040. Consequently, the escalating demand for electric vehicles is accelerating the growth of the vacuum coating equipment market.
What Is The Segmentation Of The Global Vacuum Coating Equipment Market?
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
Subsegments:
1) By Physical Vapor Deposition (PVD): Thermal Evaporation, Sputtering, Arc PVD, Pulsed Laser Deposition
2) By Magnetron Sputtering: DC Magnetron Sputtering, RF Magnetron Sputtering, Hybrid Magnetron Sputtering
3) By Chemical Vapor Deposition (CVD): Thermal CVD, Plasma-Enhanced CVD (PECVD), Low-Pressure CVD (LPCVD), Metal-Organic CVD (MOCVD)
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What Emerging Trends Are Shaping The Vacuum Coating Equipment Market Landscape?
Major firms in the vacuum coating equipment sector are striving to establish their dominance by innovating advanced physical vapor deposition (PVD) systems. Essentially, a PVD system is a vacuum coating technique that ingrains thin films on assorted substrates through physical processes. This operation involves solid materials being evaporated in a vacuum, ordinarily via thermal evaporation or sputtering, before condensing on the substrate to generate a uniform coating. Oerlikon Balzers, a surface technologies company based in Liechtenstein, unveiled its INVENTA in September 2024 for instance. The system, equipped with advanced arc technology (AAT), is designed to enhance coating efficiency. This forward-thinking machine boosts productivity and saves resources and materials, thus slashing costs per unit. The INVENTA caters for smooth transition of existing BALINIT coatings, leading to reduced ownership costs for clients. Beyond that, it empowers users to take advantage of future breakthroughs in coating technology.
Who Are the Key Players in the Vacuum Coating Equipment Market?
Major companies operating in the vacuum coating equipment market include:
• 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.
What are the Regional Insights into the Vacuum Coating Equipment Market?
Asia-Pacific was the largest region in the vacuum coating equipment market share in 2024. 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.
