The global physical vapor deposition market size is expected to experience considerable growth by reaching USD 40.97 billion by 2028 while exhibiting a CAGR of 8.2% between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled “Physical Vapor Deposition Market, 2025-2032.” 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

By Category Analysis:

The global physical vapor deposition (PVD) market is segmented into equipment, materials, and services. The equipment segment, comprising thin film deposition devices for thermal evaporation, sputtering, and arc vapor deposition, dominates the market. These are widely used in industries such as solar, microelectronics, data storage, and medical. Asia-Pacific is expected to witness the fastest growth, driven by the rising demand for high-performance coatings offering superior thickness, uniformity, and adhesion.

By Application Analysis: