Physical Vapor Deposition (PVD): Global Markets

Report Highlights

The global physical vapor deposition (PVD) market is expected to grow from $22.8 billion in 2024 to $33.1 billion by 2029, at a compound annual growth rate (CAGR) of 7.7% from 2024 through 2029.

Report Includes

• 43 data tables and 59 additional tables
• Analysis of the global markets for physical vapor deposition (PVD) coating technologies
• Analyses of the global market trends, with market revenue for 2022, estimates for 2023, forecasts for 2025 and 2028, and projected CAGRs through 2029
• Estimate of the current PVD market size and revenue prospects, along with a market share analysis by product type, technology, application and region
• Facts and figures pertaining to the market drivers, opportunities and challenges, emerging technologies and the impact of various macroeconomic factors
• Insights derived from the Porter’s Five Forces model, as well as global supply chain analyses
• Overview of sustainability trends and ESG developments in the PVD industry, with a focus on consumer attitudes, companies’ ESG score rankings and their ESG practices
• An analysis of recent patents
• Analysis of the competitive landscape, looking at companies’ market shares, M&A activity and venture funding.
• Profiles of the leading market players, including Applied Materials Inc., Lam Research Corp., OC Oerlikon Management AG, ULVAC Inc., and Veeco Instruments Inc.

Report Scope

The global physical vapor deposition (PVD) market is segmented into product type, technology, application and region. The product type segment covers equipment, material and services; the technology segment covers thermal evaporation, sputtering and others (cathodic arc deposition and pulsed laser deposition); the application segment covers medical devices, photovoltaic, cutting tools, data storage, microelectronics, and others (3D printing, fuel cell, optical, R&D, automotive, aerospace, food packing and processing, consumer goods, and energy and oil and gas); and the regions analyzed are North America, Europe, Asia-Pacific and the Rest of the World (RoW). The regional market is further segmented into product type, technology, application and respective countries.

This study encompasses essential information such as the market’s value chain; an analysis of Porter’s Five Forces; regulations and standards; market dynamics (drivers, restraints/challenges, trends and opportunities); emerging technologies and applications of PVD; case studies; patent analysis; an environmental, social and governance (ESG) analysis; and the competitive landscape. The report also provides in-depth company profiles of the top 15 players active in the global market with their financial and key developments (for public players).

For this study, 2023 is considered a base year, 2024 is an estimated year, and market values are forecasted for five years until the end of 2029. All market values are in the $ million range. Inflation is adjusted to reflect the prices of PVD products and services. However, forecasted market values are nominal values.

Analyst Credentials

Kuldeep Bhadouria– Associate Consultant- Technology Research
Kuldeep Bhadouria has nearly six years of experience in the market research industry operating within the technology team. He has extensive experience in several industries, such as automotive, manufacturing, industrial automation & equipment, and energy. His primary responsibility is to conduct both secondary and primary research to gather relevant information and data. With this information, he prepares comprehensive research studies that provide valuable insights to meet the customers’ business needs. Academically, Kuldeep holds a bachelor’s degree in the Automotive stream.