Vacuum Coating Equipment in consumer electronics market to grow 4% CAGR from 2016 and 2024

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Vacuum Coating Equipment Market to reach 47
billion by 2024 Global Market Insights Inc.
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Key Insights from Vacuum Coating Equipment Market

• Vacuum Coating Equipment Market size will cross
  USD 47 billion by 2024 impelled by advantages of
  decorative PVD coatings over electroplating in
  consumer goods industry. The industry has
  recorded substantial growth in past few years
  with varied applications in electronics, power
  generation, automotive sector etc. It is commonly
  used in the electronics industry for integrated
  circuits, photovoltaic devices and
  microelectronics. Global consumer electronics
  market will record a CAGR of 4 till
  2024.Industrial automation and manufacturing of
  high-end vehicles have increased adoption of
  integrated circuits in these fields. Escalating
  electrical electronics industry will ramp up
  vacuum coating equipment market demand.
• PVD coating accounted for significant share of
  around 39 in vacuum coating equipment market in
  2015. It has an edge over traditional coating
  methods (electroplating and painting) of
  providing longer shelf life, bright colors, and
  scratch resistant surface to the product. It
  provides a coating to engine components that
  reduces friction and wear between the parts,
  resulting in better efficiency and performance of
  the engine.

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Continued...

• PVD coating is applied on engine parts such as
  valve train components, drive train components,
  piston pins, piston rings, and gears. In 2013,
  over 21 million units of commercial vehicles were
  manufactured and in 2016, manufacturing crossed
  22.8 million units. Global passenger vehicles
  sales registered a growth of 7.2 between March
  2015 to March 2016. Increasing adoption of this
  coating in automobile industry and other
  industrial applications will strengthen vacuum
  coating equipment market in future. It is
  specifically replacing chrome plating, as
  chromium is carcinogenic in nature and is getting
  ban in many regions. On the other hand, complex
  machinery requirements and the need for skilled
  operators etc. are some of the factors that will
  hinder growth PVD coating penetration.
• Magnetron sputtering has wide and diversified
  applications such as in gas sensors,
  corrosion-resistant films, magnetic films,
  metallizing for microelectronic circuits and chip
  carriers. Metallizing is an innovative technology
  replacing electroplating in electronics industry.
  Magnetron sputtering application will grow above
  9 CAGR in global vacuum coating equipment market
  till 2024.

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Europe Vacuum Coating Equipment Market, by
product, 2013-2024 (USD Million)

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Continued...

• Asia Pacific contributes significantly in the
  market with nearly 50 share in revenue
  generation. Rapid industrialization has increased
  energy requirements of this region and boosted
  power generation industry significantly. Leading
  players of smartphone are foraying into
  manufacturing of premium smartphones category
  which requires luxurious external body display
  this in turn will stimulate vacuum coating
  equipment market demand.
• Positive outlook of automobile market in Germany,
  makes Europe a significant region in global
  vacuum coating equipment market. The market
  revenues in Germany crossed USD 910 million 2015.
  Vacuum coating equipment market is consolidated
  with few major manufacturers mainly such as
  Buhler AG, PVD Products Inc, BCI Blösch group,
  Applied Materials Inc, Singulus Technologies AG,
  and Kolzer SRL.These equipments are
  cost-intensive, so most of the companies have
  their own extensive distribution network and
  sales offices across different regions. For
  instance, Buhler AG develops vacuum coating
  equipment and distributes through its own
  shipping and transportation services.

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360 Analysis

• Application Trends
• Key physical vapor deposition applications are
  microelectronics, storage, and solar panels.
  These applications are expected to witness a
  moderate market growth in the forecast period.
  Microelectronics is an upcoming field that has
  seen noteworthy rise in last few years. Storage
  application has grown considerably owing to rapid
  industrialization in emerging economies.
• Regional Trends
• North America is likely to witness a healthy
  share in the vacuum coating equipment market. The
  U.S. had been the biggest investor in renewable
  energy production, contributing 41 in the global
  share, 2015. Thus, the demand for solar
  applications in the region will be growing in the
  coming years, portraying bright prospects for
  market in the forecast timeframe.
• Competitive Market Share
• The foremost manufacturers of vacuum coating
  equipment are Buhler AG, BCI Blösch Group, Kolzer
  SRL, Scientific Vacuum Systems Ltd. (SVS), ULVAC
  Inc., CVD Equipment Corporation, Semicore
  Equipment, Inc. Other small and medium scale
  manufacturers include PVD Products Inc., Applied
  Materials Inc., IHI Corporation, Singulus
  Technologies AG, T-M Vacuum Products Inc., AJA
  International, OC Oerlikon, Miba Coating Group.

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