Global Vacuum Coating Machines Market: Overview
The coating material is formed through its vaporization in a vacuum and thin films are formed on the substrate when heated and such processes are called vacuum coating. The coating layers may be as thin as one atom or as thick as a millimeter forming freestanding structures. The vacuum coating technique utilizes a sub-atmospheric pressure environment and a condensable atomic or molecular vapor for coating thin films over the vacuum. In addition to improving functionality, uniform coverage, durability, corrosion resistance as well as providing a better aesthetic appearance, vacuum coating can be attained by means of different processes such as chemical vapor deposition and physical vapor deposition.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Vacuum Coating Machines Market: Growth Factors
The global vacuum coating machines market is rising at a rapid pace owing to increasing demand from end-user industries and increase in its applications. Vacuum coatings offer a wide range of applications to automotive, electronics, packaging, optical, and glass that indicates a molecular or atomic condensable vapor and sub-atmospheric pressure environment for deposition of coating and thin films over the vacuum. Factors that are fueling the growth of the global market include growing investment in the automotive and electronics industry for a variety of applications such as integrated circuits, photovoltaics, and other applications. In addition, growth in the electrical & electronics industries offers opportunities for microelectronics circuits & chip carriers. As a result, the equipment demand for coating machine applications is showing considerable growth. In addition to this, stringent government regulations for the handling of toxic chemicals as well as rising concern for the safety of labor at the workplace is enhancing the demand of vacuum coating machines market. Further, the key players are offering advanced technologies which in turn provide better shelf life, brighter colors, and scratch protection to gain a competitive edge in the market. Furthermore, the emergence of the solar industry and growing consumer inclination towards adopting new technology to reduce carbon emission are anticipated to offer new growth opportunities to the global vacuum coating machines market in the forecast period. However, the high capital cost involved and complexity associated with vacuum coating machines are expected to impede the global vacuum coating machines market growth.
The ongoing concerns over the spread of coronavirus are creating a major impact on the overall economy across the globe. The sudden shutdown of production units and restrictions on transportation on non-essential items negatively impacted the vacuum coating machines market. Moreover, the temporary shutdown of production units of end-user industries such as automotive, electronics, packaging, optical & glass, and other end-user industries reduced the demand for vacuum coating machines and continues to hamper the demand during the year 2021. On the other side, key players operating in the market are focusing on supply chain management through workforce management and operations which can help to sustain the market growth in the year 2022.
Global Vacuum Coating Machines Market: Segmentation
The global vacuum coating machines market is divided based on product type, process, application, and region. Based on product type, the global vacuum coating machines market is categorized into vacuum evaporation coating machines, vacuum sputtering coating machines, chemical vapors deposition (CVD) coating machines, and others. The process segment is bifurcated into chemical vapor deposition (CVD), physical vapor deposition (PVD), and other processes. Automotive, electronics, packaging, optical & glass, and others are the applications of vacuum coating machines.
Global Vacuum Coating Machines Market: Regional Analysis
Geographically, Asia Pacific region is projected to account for the major share in the global vacuum coating machines market and is expected to continue its contribution during the forecast period. The rapidly growing electrical & electronics industry along with favorable government initiatives for digitization are boosting the growth of the market in this region. Further, new government policies for increasing the adoption of solar panels among various countries such as Japan, China, and India is fueling the demand for coating machines in the Asia Pacific region. On the other hand, the North America region is expected to grow at a significant rate and is projected to offer new opportunities for market growth. Some of the factors that are advancing the growth of the market in this region include increasing investments in improving digital skills on smartphones and other devices.
Global Vacuum Coating Machines Market: Competitive Players
The global vacuum coating machines market is highly fragmented owing to the presence of numerous domestic and international key players in the market. Applied Materials, The Bühler Holding AG, AIXTRON SE, OPTORUN CO.,LTD., Von Ardenne, Veeco Instruments, Jusung Engineering, CVD Equipment Corporation, Dongguan Huicheng Technology Co. Ltd., Lung Pien Vacuum Industry Co Ltd, and Beijing Power Tech are some of the dominant players that are functioning in the global vacuum coating machines market. These manufacturers majorly focus on technological advancement and new product development to gain a competitive edge in the market.
Global Vacuum Coating Machines Market: Regional Segment Analysis
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