Vacuum Coating Equipment Market is primarily driven by booming demand from electronic and automobile industry. The product market has seen considerable growth over the recent years on account of its widespread application in energy & power industry, especially in solar power generation. It is basically used for uniformly coating solar panels by black layer for capturing as much amount of solar energy as possible. These versatile feature makes this product highly desirable for energy and allied applications.
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Booming electronics & electrical industry offers promising growth prospects for chip carriers and microelectronic circuits in magnetron squirting during the forecast period. Magnets are employed in steel industry, speakers and other numerous industrial applications. The above-mentioned magnetron squirting end-users shall propel vacuum coating equipment market in the coming years.
The application spectrum of PVD coatings comprises microelectronics, cutting tools, medical equipment, solar power plants, and storage. Among these, the solar power plants are likely to exhibit a commendable demand for PVD vacuum coating equipment market on account of the rising initiatives both by the private and government entities to set up solar power plants, particularly across the developing countries such as India and China. In addition, the other PVD coating application segments such as microelectronics and storage are anticipated to witness moderate gains over the coming years.
The evolving automotive industry is also offering huge business opportunities to the CVD vacuum coating equipment market. This equipment provides a uniform coating layer on the product and can be customized as per the product’s specifications. CVD vacuum coating equipment industry is also gaining a considerable share from its heavy deployment in integrated circuits, photovoltaics devices, metal-organic frameworks, polymerization, low-K dielectrics, and gas sensing.
North America shall witness substantial growth in vacuum coating equipment market. U.S is a big investor in non-conventional energy sources development contributing almost 40% in overall industry share in 2016. Hence, solar applications demand is anticipated to increase in this region, which in turn, will accelerate product demand over the forecast period.
Europe, led by Germany, will also contribute massively toward global vacuum coating equipment market growth. MEA, which held 2.3% of the vacuum coating equipment industry share in 2015, will also depict swift gains over the coming seven years.
Asia Pacific generated more than 50% of overall global product revenue in 2016. Rapid industrialization has considerably boosted the energy and power generation demand in this region. Furthermore, many smartphone players are entering premium phones manufacturing that requires attractive external body. This shall stimulate vacuum coating equipment market over the forecast timeframe.
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With the passage of time, vacuum coating equipment market has transited from an idea in a laboratory to one of the most highly commercialized industries globally. The distinguished equipment feature of vapor deposition technology is allowing the industry to capture the attention of a variety of sectors including automobile, electronics, energy, and power. An escalation in consumer demand for upgraded vehicles along with industrial automation is acting as a key propellant behind this industry’s rapid expansion. Vacuum coating not only improves the visual appearance of the vehicles but at the same time meet the functional criteria of durability and scratch resistance. With a wide range of applications across myriad sectors, vacuum coating equipment industry is set to attain a remarkable value in the years ahead. As per Global Market Insights, Inc., vacuum coating equipment market is poised to exceed a revenue of USD 47 billion by 2024 with a CAGR of 8 % over the coming seven years.
Glimpse of Table of Content (ToC)
Chapter 3. Vacuum Coating Equipment Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 – 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distribution channel analysis
3.4. Technology & innovation landscape
3.5. Industry impact forces
3.5.1. Growth drivers
18.104.22.168. Need to comply with engine emission norms
22.214.171.124. Advantages of decorative PVD coatings over electroplating in consumer goods industry
3.5.2. Industry pitfalls & challenges
126.96.36.199. Operational snags and drawbacks
3.6. Growth potential analysis
3.7. Regulatory trends
3.8. Porter’s analysis
3.9. Company market share analysis, 2015
3.9.1. Strategy dashboard
3.10. PESTEL analysis
3.11. Regional price trends
3.11.1. Cost structure analysis
3.11.2. Raw material trends
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