NEW YORK, August 5, 2021 / PRNewswire / – The growing demand for physical vapor deposition (PVD) technology in cutting tools, automotive and aerospace components, and dies and molds for materials processing is propelling the expanding market for PVD. In addition, the intensive use of semiconductors in various customer products and increasing solar power requirements are fueling growth. Due to these factors, the physical vapor deposition market income generated from ~ $ 19.5 billion in 2020, and it is expected to expand rapidly during 2021-2030, according to P&S Intelligence.
The imposition of lockdowns in several countries has negatively impacted the operations of many industries. In addition, the closure of several end-use industries has caused a sharp drop in global demand for this technology, thus hampering the growth of the PVD market.
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The global PVD market is divided into materials, services and equipment, based on the components. Among these, the equipment category generated the highest revenue in the market in 2020, and it is expected to experience a huge expansion in the coming years, due to the rapid advancements in PVD systems and the growing popularity of PVD systems. solar energy around the world.
Browse Detailed Report with COVID-19 Impact Analysis on Physical Vapor Deposition Market Research Report: By Component (Equipment, Material, Service), Process (Cathodic Arc Deposition, Beam Deposition electron, spray deposition), Application (Microelectronics, Data Storage, Solar Products, Cutting Tools, Medical Equipment) – Global Industry Analysis and Growth Forecast to 2030 @ https://www.psmarketresearch.com/market-analysis/physical-vapor-deposition-pvd-market
Globally, Asia Pacific (APAC) dominated the PVD market in 2020, and it is expected to register huge expansion throughout the forecast period. This is attributed to the increasing demand for PVD systems due to the expansion of the semiconductor industry due to the increasing penetration of smartphones and laptops.
The players operating in the global PVD market are focusing on concluding collaborations to strengthen their presence. For example, a Joint Development Agreement (JDA) was signed between EV Group and ASM Pacific Technology Ltd. in January 2021 for the development of hybrid matrix-wafer binding solutions for 3D-IC / heterogeneous integration.
Some of the major players in the global PVD market are Denton Vacuum LLC, OC Oerlikon Corporation AG, Kurt J. Lesker Company, IHI HAUZER Techno Coating BV, Tokyo Electron Limited, Impact Coatings AB, Angstrom Engineering Inc., Plasma Quest Limited, Advanced Energy Industries Inc., Applied Materials Inc., PLATIT AG, Sulzer Ltd. and Richter Precision Inc.
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