Asia Pacific Vapor Deposition Equipment Industry Overview
The Asia Pacific vapor deposition equipment market size is anticipated to reach USD 19.15 billion by 2028, registering a CAGR of 6.4% over the forecast period, according to a new report by Grand View Research, Inc. Increasing semiconductor manufacturing coupled with rising demand for solar PV products in Asia Pacific is anticipated to drive the market growth. The rapid growth in the medical device industry, attributed to the increased investments in medical infrastructure during the pandemic, is expected to have a positive impact on the market. The medical device manufacturers are in need of wear-resistant and biocompatible coatings, which are provided by vapor deposition technology.
Ongoing developments and innovations in connectivity, communications, advanced software, the automotive industry, and data centers are projected to create a substantial demand for microelectronics in the region over the forecast period. This, in turn, is expected to have a positive impact on the vapor deposition equipment market. Key strategies adopted by various manufacturers include collaboration with coating companies and providing them with the necessary technology and equipment for coating. For instance, in October 2020, Vergason Technology, Inc., partnered with Helios Coatings Inc. to utilize Physical Vapor Deposition (PVD) wheel coating technology.
Asia Pacific Vapor Deposition Equipment Market Segmentation
Grand View Research has segmented the Asia Pacific vapor deposition equipment market on the basis of technology, application, and region:
Based on the Technology, the market is segmented into Chemical Vapor Deposition (CVD), and Physical Vapor Deposition (PVD).
- The Chemical Vapor Deposition(CVD) segment led the market and accounted for the largest revenue share of more than 57% in 2020. CVD materials have fueled the growth of the overall market owing to the rising demand for electronics, medical equipment, and solar products manufacturing applications for advanced coatings. In the aforementioned applications, CVD is mainly used in high-speed machining, tooling, and magnetic storage devices.
- The CVD technology is also used in the fabrication of optical fiber whose demand is expected to accelerate in Asia Pacific over the forecast period. Moreover, the upcoming 5G network requires optical fibers; which is expected to augment the demand for CVD coating and its equipment over the forecast period. CVD is the most preferred technology to make 2D nanomaterials and is expected to continue its role in nanotechnology.
Based on the Application, the market is segmented into Microelectronics, Data Storage, Solar Products, Cutting Tools, Medical Equipment, and Others.
- The microelectronics application segment led the market with a revenue share of more than 38% in 2020. Vapor deposition coating equipment is used for coating packaging materials, including microelectromechanical systems and laser recorders. Increasing demand for durable and high-quality coatings in microelectronics is expected to drive the segment growth.
- The medical equipment segment is expected to register the fastest CAGR over the forecast period as a result of increasing healthcare spending in China India, coupled with rising disposable income levels and health awareness. Vapor deposition is one of the most appropriate technologies for providing a wear-resistant, hard coating on medical devices and surgical instruments.
Key Companies Market Share Insights
The market is highly competitive owing to the presence of both regional and local manufacturers. Manufacturers adopt several strategies including acquisition, collaboration, new product launches, and regional expansions to enhance their market penetration and meet the changing technological demand from various applications industries.
For instance, in November 2021, Yield Engineering Systems, Inc., a manufacturer of semiconductor advanced packaging and life sciences, acquired the semiconductor business of Kanthal. This acquisition will give the company access to Kanthal’s low-pressure CVD process and complement its thermal processing capabilities. Some prominent players in the Asia Pacific vapor deposition equipment market include:
- Buhler Alzenau GmbH
- Vacuum Techniques Private Ltd.
- Ningbo Danko Vacuum Technology Co., Ltd.
- Vergason Technology, Inc.
- Vapor Technologies, Inc.
- AJA International, Inc.
- Kobe Steel, Ltd.
- Milman Thin Film Systems Pvt. Ltd.
- Foshan Foxin Vacuum Technology Co. Ltd.
- IKS PVD Technology (Shenyang) Co., Ltd.
Order a free sample PDF of the Asia Pacific Vapor Deposition Equipment Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
