Vacuum Coating Equipment Market to Be Worth More Than $47 Billion by 2024

The rapid development of the electronics and automotive sectors is a major factor propelling the growth of global vacuum coating equipment market

Selbyville, United States – October 24, 2019 /MarketersMedia/ —

Vacuum coating equipment market was worth more than USD 23 billion in the year 2015 and is expected to cross USD 47 billion by the year 2024, with a growth rate anticipation of more than 8% over 2016-2024. Rising deployment of vacuum coating technology in microelectronics applications will augment vacuum coating equipment market over the coming years. This technology has been replacing conventional methods such as painting and electroplating across numerous industrial sectors. In addition, this technology has observed considerable adoption across the power generation sector, especially in the solar energy market, which will spur vacuum coating equipment industry.

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The rapid development of the electronics and automotive sectors is a major factor propelling the growth of global vacuum coating equipment market. Vacuum coatings offer the benefits of scratch resistance, surface perfection, uniformity, durability, and aesthetic appearance, subject to which they find applications across numerous sectors. Moreover, they overcome the disadvantages of chromium plating, which will further impel vacuum coating equipment industry.

This market comprises PVD, CVD, and magnetron sputtering products, among which PVDs can handle the coating of products that are of various shapes and sizes. In addition, they have a low initial cost as opposed to CVDs, owing to which vacuum coating equipment industry from physical vapor deposition equipment is expected to grow at a rate of 9% over 2016-2024.

The United States is a global growth avenue for the renewable energy, electronics, automotive, and energy production sectors. In 2015, the U.S. accounted for more than 40% of the overall share in the production of renewable energy. On these grounds, North America vacuum coating equipment market will grow remarkably over the coming seven years.

Latin America is one of the surprising top-notch entrants in worldwide vacuum coating equipment industry. The region is one of the largest producers of commodities. The LATAM nations churned out 15% of iron ore and 40% of copper toward the global production in 2015. In addition, the region is slated to witness a significant rise in the demand for coating equipment for metallizing microelectronic circuits and chip carriers. This will contribute significantly to the regional vacuum coating equipment market.

Worldwide consumer electronics industry is slated to register a CAGR of 4% between 2016-2024. This sector is witnessing an increase in the adoption of integrated circuits for the production of high-end connected vehicles and industrial automation. The increasing PVD usage across the global electronics sector will propel vacuum coating equipment market from the microelectronics applications.

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The key companies operating in vacuum coating equipment industry include ULVAC Inc., Miba Coating Group, Semicore Equipment, Inc., Singulus Technologies, AJA International, OC Oerlikon, CVD Equipment Corporation, BCI Blösch Group, Buhler AG, Scientific Vacuum Systems Ltd., T-M Vacuum Products Inc., Kolzer SRL, PVD Products Inc., IHI Corporation AG, and Applied Materials Inc.

Some Points From Table Of Content: –

Chapter 4. Vacuum Coating Equipment Market, By Product
4.1. Vacuum coating equipment market share by product, 2015 & 2024
4.2. Physical vapor deposition (PVD)
4.2.1. Market estimates and forecasts, 2013 – 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Magnetron sputtering
4.3.1. Market estimates and forecasts, 2013 – 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Chemical vapor deposition (CVD)
4.4.1. Market estimates and forecasts, 2013 – 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
4.5. Others
4.5.1. Market estimates and forecasts, 2013 – 2024
4.5.2. Market estimates and forecasts by region, 2013 – 2024

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