According to the Graphical Research new growth forecast report titled North America Vacuum Coating Equipment Market By Application (PVD [Microelectronics, Storage, Solar, Medical Equipment, Cutting Tools], Magnetron Sputtering [Metallizing For Microelectronic Circuits And Chip Carriers, Electrical Resistance Films, Magnetic Films, Opto Storage Devices, Corrosion-Resistant Films, Gas Sensors], CVD [Integrated Circuits & Photovoltaic Devices, Polymerization, Metal-Organic Frameworks, Gas Sensing & Low-K Dielectrics]), By Product (PVD, Magnetron Sputtering, CVD), Industry Analysis Report, Regional Outlook (U.S., Canada), determine to exceed USD 14 billion by 2024.
Increasing awareness about vacuum coating is expected to fast-track the growth of vacuum coating equipment market size in the coming years. Flourishing electronics and aerospace industry in the U.S. will lead to adoption of vacuum coating technology. Furthermore, increasing product demand in automobile industry as a substitute of other processes is expected to strengthen the vacuum coating equipment market size by 2024.
Rising trend of renewable energy in North America will also make significant positive impact on the overall market size in the forecast spell. In 2017, the U.S. contributed nearly 40% of the global renewable energy production. Growing initiatives to use solar power is portraying brighter scenarios for the vacuum equipment coatings market in the next seven years.
PVD technique accounted for a substantial share of around 40% in North America vacuum coating equipment market in 2018. Apart from automobile, PVD coating is used for medical equipment, solar, microelectronics, cutting tools, and storage applications. PVD coating equipment market is expected to witness significant gains due to rising electronics, power generation, fabrication and automobile industries in North America.
North America CVD vacuum coating segment generated revenue around USD 3.4 billion in 2018, witnessing gains close to 6.5% in the coming years. This technique find application in low-k dielectrics, photovoltaic devices, polymerization, gas sensing, integrated circuits (ICs), metal organic frameworks, etc. Growing automobile industry has demanded exceptional coated metal framework, provided by CVD technique. Polymerization process is gaining importance in North America market due to multiple usage of plastic composites. The major participants of the industry include Kolzer SRL, Buhler AG, BCI Blösch, Singulus Technologies and PVD Products Inc.
North America vacuum coating equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
North America Vacuum Coating Equipment Market Size, By Product
- Physical Vapor Deposition (PVD)
- Magnetron Sputtering
- Chemical Vapor Deposition (CVD)
North America Vacuum Coating Equipment Market Share, By Application
- Physical Vapor Deposition (PVD)
- Medical equipment
- Cutting tools
- Magnetron sputtering
- Metallizing for microelectronic circuits and chip carriers
- Electrical resistance films
- Magnetic films
- Opto storage devices
- Corrosion-resistant films
- Gas sensors
- Chemical Vapor Deposition (CVD) application
- Integrated circuits (ICs) & photovoltaic devices
- Metal-organic frameworks
- Gas sensing & low-k dielectrics