According to Fortune Business Insights the global physical vapor deposition market size was USD 27.10 billion in 2023 and is projected to grow from USD 29.41 billion in 2024 to USD 57.04 billion in 2032 at a CAGR of 8.6% during the forecast period 2024-2032. The report further mentions that the market stood at USD 22.43 billion in 2020. Factors such as the increasing demand for eco-friendly coating processes and the growing demand for medical equipment amid the COVID-19 crisis are expected to propel the product’s demand in the forthcoming years.

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List of the Companies Profiled in the Market:

• Advanced Energy Industries, Inc. (USA)
• Intevac (USA)
• Oerlikon Balzers (Switzerland)
• Impact Coatings AB (Sweden)
• AJA International, Inc. (USA)
• Dynavac (USA)
• Denton Vacuum (USA)
• Angstrom Engineering, Inc. (Canada)
• CHA Industries, Inc. (USA)
• IHI HAUZER Techno Coating B V (The Netherlands)
• The Kurt J Lesker Company (USA)
• Other Key Players

Market Segmentation

On the basis of category, the market is divided into PVD equipment, PVD material, and PVD services.

• Based on category, the PVD equipment segment held a global physical vapor deposition market share of about 59.5% in 2020 and is expected to showcase exponential growth during the forecast period. This is due to the increasing PVD adoption in several industrial applications such as medical, solar products, and data storage worldwide.

On the basis of application, the market is segmented into data storage, microelectronics, solar products, cutting tools, medical equipment, and others. Finally, based on region, the market is classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.