The vapor deposition market is projected to grow from USD 42.6 billion in 2023 to USD 66.1 billion by 2028, recording a CAGR of 9.2% during the forecast period. Technological advancements have made deposition processes more efficient and versatile, driving increased adoption. Industries like semiconductors, optics, and medical devices heavily rely on vapor deposition, with growing demand in these sectors. Additionally, the energy industry sees applications in thin-film solar cells and energy-efficient coatings. Vapor deposition is also crucial in aerospace, automotive, and nanotechnology. As environmental concerns rise, its eco-friendly nature may further boost its usage. Customization capabilities and the ability to cater to niche markets contribute to its growth. However, market projections can vary based on economic conditions and emerging trends, so up-to-date industry reports are essential for accurate insights.
Chemical Vapor Depsotion segment is likely to drive the global market during the forecast period
The global Chemical Vapor Deposition (CVD) market is set to drive overall industry growth in the forecast period. This is due to its widespread application in key sectors such as semiconductors, solar energy, aerospace, and biotechnology. The demand for advanced materials, particularly in the semiconductor industry, is pushing the need for CVD processes. It's also crucial for producing thin-film solar cells, enhancing medical devices, and creating nanoscale materials. Continuous technological advancements and the trend towards miniaturization further contribute to its expanding adoption globally. As industries seek more efficient and specialized coatings, CVD's role is expected to be pivotal in shaping the market's trajectory.
Energy & Power segment is expected to account for the 2nd largest market share during the forecast period
The maritime industry is under increasing pressure to reduce emissions and comply with stricter environmental regulations. LNG is considered a cleaner fuel compared to traditional marine fuels like heavy fuel oil and diesel. It offers significant emissions reductions in terms of sulfur oxides (SOx), nitrogen oxides (NOx), particulate matter, and greenhouse gases. This has led to a growing interest in LNG as a fuel for ships, particularly in emission-controlled areas such as coastal regions and ports. Additionally, LNG offers better energy efficiency compared to conventional marine fuels. LNG has a higher energy content per unit of weight, allowing ships to achieve longer voyage distances with the same fuel capacity. This becomes particularly advantageous for vessels involved in long-haul transportation, such as ferries, offshore support vessels, and even some bulk carriers.
Europe accounts for the third largest market during the forecast period
The semiconductor industry in Europe is expected to witness high growth in the next five years due to the increasing number of fabrication plants in the region. Moreover, Europe hosts many major semiconductor manufacturers such as STMicroelectronics (Switzerland), Infineon Technologies AG (Germany), and X-FAB Silicon Foundries (Germany), among others. The presence of such established semiconductor manufacturers and the increasing number of fabrication facilities are expected to create growth opportunities for market players offering vapor deposition equipment. Furthermore, government initiatives are a major factor driving the market growth in Europe. For instance, in February 2022, the European Commission outlined a Euro 43 billion plan in accordance with European Union's (EU's) aim to double its market share in semiconductor production by 2030. Such favorable initiatives to strengthen the semiconductor industry in this region are expected to increase the adoption of vapor deposition for various semiconductor applications.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the vapor deposition marketplace.
Extensive primary interviews were conducted to determine and verify the market size for several segments and sub-segments and information gathered through secondary research.
The break-up of primary interviews is given below:
By Company Type - Tier 1 - 30%, Tier 2 - 50%, and Tier 3 - 20%
By Designation - C level Executives - 40%, Director level - 20%, and Others* - 40%
By Region - North America - 20%, Europe - 20%, Asia Pacific - 40%, Middle East & Africa - 5%, Latin America - 15%.
Notes: *Others include sales, marketing, and product managers.
Companies Covered: The companies profiled in this market research report include Applied Materials, Inc. (US), Tokyo Electron Limited. (Japan), Lam Research Corporation (US), OC Oerlikon Management AG (Switzerland), and IHI Corporation (Japan) ULVAC, Inc. (Japan), Veeco Instruments Inc. (US), and Voestalpine AG (Austria) and ASM International N.V. (Netherlands), among others.
Research Coverage:
The market study covers the vapor deposition market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on technology, end-use industry and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the vapor deposition market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall vapor deposition Market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Growth in the semiconductor industry, Growing solar industry to propel the demand for high-performance films, Increasing demand for medical devices and equipment), restraints (High capital investment, Film contamination) opportunities (Innovation in technology provide lucrative opportunity across various industrial applications, Increasing demand from end-user industries in the developing nations), and challenges (Lack of qualified workforce for operation, Technical difficulties and process complexity) influencing the growth of the vapor deposition market
Product Development/Innovation: Detailed insights on upcoming technologies, research &
development activities, and new product & service launches in the vapor deposition market
Market Development: Comprehensive information about lucrative markets - the report analyses
the vapor deposition market across varied regions
Market Diversification: Exhaustive information about new products & services, untapped
geographies, recent developments, and investments in the vapor deposition market
Competitive Assessment: In-depth assessment of market shares, growth strategies and service
offerings of leading players like Applied Materials, Inc. (US), Tokyo Electron Limited. (Japan), Lam Research Corporation (US), OC Oerlikon Management AG (Switzerland), and IHI Corporation (Japan) ULVAC, Inc. (Japan), Veeco Instruments Inc. (US), and Voestalpine AG (Austria) and ASM International N.V. (Netherlands) among others in the vapor deposition market
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 VAPOR DEPOSITION MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primary interviews
2.2 BASE NUMBER CALCULATION
2.2.1 SUPPLY-SIDE APPROACH
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.4 DATA TRIANGULATION
FIGURE 2 VAPOR DEPOSITION MARKET: DATA TRIANGULATION
2.5 ASSUMPTIONS
3 EXECUTIVE SUMMARY
FIGURE 3 CVD TECHNOLOGY TO DOMINATE VAPOR DEPOSITION MARKET
FIGURE 4 ELECTRONICS & SEMICONDUCTOR TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 5 ASIA PACIFIC LED VAPOR DEPOSITION MARKET IN 2022
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN VAPOR DEPOSITION MARKET
FIGURE 6 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR VAPOR DEPOSITION FROM 2023 TO 2028
4.2 VAPOR DEPOSITION MARKET: MAJOR COUNTRIES
FIGURE 7 GERMANY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.3 ASIA PACIFIC: VAPOR DEPOSITION MARKET, BY TECHNOLOGY & COUNTRY
FIGURE 8 SOUTH KOREA LED VAPOR DEPOSITION MARKET IN ASIA PACIFIC
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 9 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN VAPOR DEPOSITION MARKET
5.2.1 DRIVERS
5.2.1.1 Growth in semiconductor industry
FIGURE 10 SEMICONDUCTORS MARKET GROWTH, 2008-2022
5.2.1.2 Expansion of solar industry and demand for high-performance films
5.2.1.3 Increasing demand for medical devices
5.2.1.4 Growth of LED devices market
5.2.1.5 Environmental regulation regarding Cr6
5.2.2 RESTRAINTS
5.2.2.1 High capital investment
5.2.2.2 Film contamination
5.2.3 OPPORTUNITIES
5.2.3.1 Increase in application areas due to technological innovations
5.2.3.2 Growing demand in developing economies
5.2.4 CHALLENGES
5.2.4.1 Lack of qualified workforce
5.2.4.2 Technical difficulties and process complexity
5.3 PORTER'S FIVE FORCES ANALYSIS
FIGURE 11 VAPOR DEPOSITION MARKET: PORTER'S FIVE FORCES ANALYSIS
5.3.1 BARGAINING POWER OF SUPPLIERS
5.3.2 THREAT OF NEW ENTRANTS
5.3.3 THREAT OF SUBSTITUTES
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
6 INDUSTRY TRENDS
6.1 MACROECONOMIC INDICATORS
6.1.1 INTRODUCTION
6.1.2 GDP TRENDS AND FORECAST
TABLE 1 WORLD GDP GROWTH PROJECTION, 2021-2028 (USD TRILLION)
6.1.3 GLOBAL AUTOMOBILE PRODUCTION AND GROWTH
TABLE 2 GLOBAL AUTOMOBILE PRODUCTION (UNITS) AND GROWTH, BY COUNTRY
6.1.4 INFLATION RATE, AVERAGE CONSUMER PRICE
TABLE 3 INFLATION RATE, AVERAGE CONSUMER PRICES (ANNUAL PERCENT CHANGE)
6.2 VALUE CHAIN ANALYSIS
FIGURE 12 MAXIMUM VALUE ADDITION DURING EQUIPMENT MANUFACTURING STAGE
6.3 SUPPLY CHAIN ANALYSIS
FIGURE 13 VAPOR DEPOSITION MARKET: SUPPLY CHAIN
6.4 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER'S BUSINESSES
FIGURE 14 REVENUE SHIFT AND NEW REVENUE POCKETS IN VAPOR DEPOSITION MARKET
TABLE 5 TOTAL NUMBER OF PATENTS IN VAPOR DEPOSITION MARKET
FIGURE 16 GRANTED PATENTS AND PATENT APPLICATIONS IN VAPOR DEPOSITION MARKET
FIGURE 17 PATENT PUBLICATION TRENDS (2013-2022)
6.6.4 INSIGHTS
FIGURE 18 JURISDICTION ANALYSIS (2013-2022)
6.6.5 TOP COMPANIES/APPLICANTS
FIGURE 19 TOP COMPANIES/APPLICANTS WITH HIGHEST NUMBER OF PATENTS
TABLE 6 LIST OF MAJOR PATENTS IN VAPOR DEPOSITION MARKET
6.7 TECHNOLOGY ANALYSIS
6.7.1 CHEMICAL VAPOR DEPOSITION
6.7.1.1 Inductively coupled plasma-enhanced chemical vapor deposition (ICP-PECVD)
6.7.1.2 Catalytic Chemical Vapor Deposition (CCVD) for Carbon nanotubes
6.7.1.3 Pulsed-pressure metal organic CVD
6.7.1.4 Advancement in atomic layer deposition
TABLE 7 ADVANCEMENT IN ALD APPLICATION
6.7.1.5 Spray pyrolysis
6.7.2 PHYSICAL VAPOR DEPOSITION
6.7.2.1 Ion beam assisted deposition (IBAD)
6.7.2.2 Magnetron sputtering
6.7.2.3 Dual source physical vapor deposition
6.7.2.4 Hybrid vapor deposition
6.8 TARIFF AND REGULATORY LANDSCAPE
6.8.1 TARIFFS
TABLE 8 MOST-FAVORED NATION (MFN) TARIFFS FOR PRODUCTS UNDER HS CODE 848620 EXPORTED BY US
6.9 REGULATIONS
6.9.1 RESTRICTION OF HAZARDOUS SUBSTANCES (ROHS) DIRECTIVE
6.9.2 ELECTRONIC WASTE
6.10 STANDARDS
6.10.1 INTERNATIONAL ORGANIZATION FOR STANDARDIZATION (ISO)
6.10.2 OSHA STANDARD
6.11 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 VAPOR DEPOSITION MARKET: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.12 KEY STAKEHOLDERS & BUYING CRITERIA
6.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS IN VAPOR DEPOSITION MARKET
6.12.2 BUYING CRITERIA
FIGURE 21 KEY BUYING CRITERIA IN VAPOR DEPOSITION MARKET
TABLE 11 KEY BUYING CRITERIA IN VAPOR DEPOSITION MARKET
6.13 TRADE ANALYSIS
TABLE 12 MACHINES AND APPARATUS FOR MANUFACTURING SEMICONDUCTOR DEVICES OR ELECTRONIC INTEGRATED CIRCUITS WITH EXPORT VALUES FOR MAJOR COUNTRIES, 2022 (USD BILLION)
TABLE 13 MACHINES AND APPARATUS FOR MANUFACTURING SEMICONDUCTOR DEVICES OR ELECTRONIC INTEGRATED CIRCUITS WITH IMPORT VALUES FOR MAJOR COUNTRIES, 2022 (USD BILLION)
6.14 CASE STUDY ANALYSIS
6.14.1 ITALIAN SMES INVEST IN INNOVATION
6.14.2 NON-CONDUCTIVE COATING FOR DELPHI INJECTORS
6.14.3 VSIMPD CASE STUDY
6.14.4 APPLICATION OF ATOMIC LAYER DEPOSITION AND CHEMICAL VAPOR DEPOSITION FOR PEROVSKITE SOLAR CELLS
6.15 KEY CONFERENCES & EVENTS
TABLE 14 VAPOR DEPOSITION MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2023-2024
6.16 PRICING ANALYSIS
7 VAPOR DEPOSITION MARKET, BY TECHNOLOGY
7.1 INTRODUCTION
FIGURE 22 CHEMICAL VAPOR DEPOSITION TO LEAD OVERALL VAPOR DEPOSITION MARKET DURING FORECAST PERIOD
TABLE 15 VAPOR DEPOSITION MARKET, BY TECHNOLOGY, 2021-2028 (USD MILLION)
7.2 PHYSICAL VAPOR DEPOSITION
7.2.1 GROWING DEMAND IN DECORATIVE, AUTOMOTIVE, AND MEDICAL APPLICATIONS TO DRIVE MARKET
7.2.2 CATHODIC ARC DEPOSITION
7.2.3 ELECTRON BEAM PVD
7.2.4 MAGNETRON SPUTTERING DEPOSITION
7.2.5 OTHERS
7.3 CHEMICAL VAPOR DEPOSITION
7.3.1 CVD TO BE LARGER AND FASTER-GROWING TECHNOLOGY DURING FORECAST PERIOD
7.3.2 LOW PRESSURE CVD
7.3.3 ATMOSPHERIC PRESSURE CVD
7.3.4 PLASMA ENHANCED CVD
7.3.5 METAL ORGANIC CVD
7.3.6 OTHERS
8 VAPOR DEPOSITION MARKET, BY END-USE INDUSTRY
8.1 INTRODUCTION
FIGURE 23 ELECTRONICS & SEMICONDUCTOR SEGMENT TO DOMINATE VAPOR DEPOSITION MARKET DURING FORECAST PERIOD
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view, Right to win, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.
11.2 OTHER PLAYERS
11.2.1 PLASMA-THERM
TABLE 119 PLASMA-THERM: COMPANY OVERVIEW
11.2.2 CVD EQUIPMENT CORPORATION
TABLE 120 CVD EQUIPMENT CORPORATION: COMPANY OVERVIEW
11.2.3 HEF DURFERRIT
TABLE 121 HEF DURFERRIT: COMPANY OVERVIEW
11.2.4 IMPACT COATINGS AB
TABLE 122 IMPACT COATINGS AB: COMPANY OVERVIEW
11.2.5 MUSTANG VACUUM SYSTEMS
TABLE 123 MUSTANG VACUUM SYSTEMS: COMPANY OVERVIEW
11.2.6 TECHMETAL, INC.
TABLE 124 TECHMETAL, INC.: COMPANY OVERVIEW
11.2.7 KURT J. LESKER COMPANY
TABLE 125 KURT J. LESKER COMPANY: COMPANY OVERVIEW
11.2.8 JUSUNG ENGINEERING CO., LTD.
TABLE 126 JUSUNG ENGINEERING CO., LTD.: COMPANY OVERVIEW
11.2.9 DENTON VACUUM
TABLE 127 DENTON VACUUM: COMPANY OVERVIEW
11.2.10 OXFORD INSTRUMENTS
TABLE 128 OXFORD INSTRUMENTS: COMPANY OVERVIEW
11.2.11 AURORA SCIENTIFIC CORP.
TABLE 129 AURORA SCIENTIFIC CORP.: COMPANY OVERVIEW