Vacuum Coating Machines Market Driven by Growing Demand for Electronics
Microelectronics, Optoelectronics Sectors to Drive Vacuum Coating Machines Market
The global vacuum coating machines market is expected to exhibit a strong 6.36% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). Increasing demand from the electronics industry is likely to be the definitive driver for the vacuum coating machines market over the forecast period.
Competitive Analysis:
Leading players in the global vacuum coating machines market include Applied Materials Inc., Buhler Leybold Optics, Shincron Co. Ltd., AIXTRON SE, Von Ardenne GmbH, Veeco Instruments, Oerlikon Balzers, Optorun Co. Ltd., BOBST Group SA, ULVAC Technology Inc., Leybold Optics, AIXTRON SE, Optorun Co. Ltd., Shincron Co. Ltd., VON ARDENNE GmbH, IHI Hauzer B.V., BOBST, Hanil Vacuum Co., Ltd., Lung Pien Vacuum Industry Co. Ltd., Denton Vacuum, Mustang Vacuum Systems, CVD Equipment Corporation, Xiangtan Hongda Vacuum Equipment Co. Ltd., and Dongguan Huicheng Vacuum Technology Co.
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Segmentation:
The global vacuum coating machines market is segmented on the basis of product type, application, and region.
By product type, the global vacuum coating machines market is segmented into physical vapor deposition (PVD) and chemical vapor deposition (CVD). CVD is likely to be the dominant segment in the global vacuum coating machines market over the forecast period, as the CVD process enhances the resistance of the substrate massively, making it invulnerable to moisture, chemicals, heat, or other environmental corrosion enablers. As vacuum coating processes are expected to provide the substrates with increased resistance against heat and other various elements, the chemical vapor deposition segment is likely to exhibit rapid growth over the forecast period, at the highest CAGR over the forecast period.
By application, the global vacuum coating machines market is segmented into electronics, automotive, optics and glass, packaging, and others. Electronics is the major revenue generation channel for the vacuum coating machines market, with the fields of optoelectronics and microelectronics dominating the demand scenario for vacuum coating machines at present.
Regional Analysis:
The global vacuum coating machines market is expected to be dominated by Asia Pacific over the forecast period due to the growing demand from the electronics industry, as well as other leading end users of vacuum coating machines. The growing semiconductor industry as well as the growing consumer electronics market in Asia Pacific are the major drivers for the vacuum coating machines market in the region and are likely to provide significant growth potential over the forecast period. The consumer electronics market in Asia Pacific is likely to remain a key driver for the vacuum coating machines market in the region over the forecast period. The growing disposable income of consumers in Asia Pacific has driven the demand for consumer electronics, thus driving the vacuum coating machines market over the forecast period.
The increasing demand for microelectronics and optoelectronics in the semiconductor industry in Asia Pacific is likely to be a major driver for the global vacuum coating machines market over the forecast period. The market for vacuum coating machines in Asia Pacific is dependent on China, South Korea, and Japan, as these countries have emerged as the global leaders in all things electronic, including consumer electronics as well as semiconductor devices, and are likely to remain major markets for vacuum coating machines over the forecast period. The Asia Pacific market accounts for close to 43% of the global vacuum coating machines market and is likely to exhibit growth at the fastest CAGR of 6.69% over the forecast period.
North America and Europe are also likely to remain important regional markets for the vacuum coating machines industry over the forecast period due to the steady growth of the semiconductor and electronics sector in these regions. The increasing demand for optoelectronics and microelectronics in North America, where the computing sector is on the verge of breaking through the barriers around quantum computing and making massive leaps that will revolutionize industrial operations in the coming years. This is likely to remain a key driver for the global vacuum coating machines market over the forecast period.
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List of Tables
TABLE 1 LIST OF ASSUMPTIONS
TABLE 2 GLOBAL VACUUM COATING MACHINES MARKET, BY TYPE, 2013-2023
TABLE 3 GLOBAL VACUUM COATING MACHINES MARKET, BY TYPE, 2013-2023
TABLE 4 GLOBAL VACUUM COATING MACHINES MARKET, BY APPLICATION, 2013-2017
TABLE 5 GLOBAL VACUUM COATING MACHINES MARKET, BY APPLICATION, 2018-2023
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List of Figures
FIGURE 1 GLOBAL VACUUM COATING MACHINES MARKET STRUCTURE
FIGURE 2 GLOBAL VACUUM COATING MACHINES MARKET SHARE, BY TYPE, 2017
FIGURE 3 GLOBAL VACUUM COATING MACHINES MARKET SHARE, BY APPLICATION, 2017
FIGURE 4 VACUUM COATING MACHINES MARKET SHARE, BY REGION, 2017
FIGURE 5 NORTH AMERICA: VACUUM COATING MACHINES MARKET SHARE, BY COUNTRY, 2017
Continued…….
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