June 16, 2023 08:38 ET | Source: Zion Market Research Zion Market Research
Brooklyn, NY, June 16, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Chemical Vapour Deposition (CVD) Equipmentent Market By Technology (Plasma-Assisted And Thermal), By Application (Cutting Tools, Electronics, Solar Panels, Medical Devices, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database. China Vacuum Coating Equipment Supplier
“According to the latest research study, the demand of global Chemical Vapour Deposition (CVD) Equipment Market size & share in terms of revenue was valued at USD 23.11 billion in 2022 and it is expected to surpass around USD 41.67 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 7.65% during the forecast period 2023 to 2030.”
What is Chemical Vapour Deposition (CVD) Equipment? How big is the Chemical Vapour Deposition (CVD) Equipment Industry?
The global chemical vapor deposition (CVD) equipment market size was worth around USD 23.11 billion in 2022 and is predicted to grow to around USD 41.67 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.65% between 2023 and 2030.
The industry deals with the roles and responsibilities of the stakeholders involved in the production and distribution of chemical vapor deposition (CVD) equipment. Machinery plays a crucial role in several end-user verticals such as semiconductors, electronics, optoelectronics, and solar energy where they are used to deposit thin films of various materials onto substrates and the process is called chemical vapor deposition. During the process, the substrates are exposed to precursor gasses that reach the substrate material and deposit on its surface. Thus, forming a thin layer that encompasses certain properties such as thickness, composition, and structure. The machinery is important in controlling the deposition process along with maintaining precise temperature, pressure, and gas flow conditions. During the forecast period, the chemical vapor deposition equipment industry is expected to continue growing but it may have to deal with changing industry landscapes.
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Global Chemical Vapour Deposition (CVD) Equipment Market: Growth Dynamics
The global Chemical Vapour Deposition (CVD) Equipmentent market is projected to grow due to the rising demand for functional and effective coating solutions. They are used to improve the performance, durability, and aesthetics of various products. The equipment allows for coating deposition with specific and desired properties such as wear resistance, corrosion resistance, thermal insulation, and optical properties. Industries like automotive, aerospace, energy, and healthcare have a high demand for efficient coating solutions and are driving the demand for CVD equipment.
Additionally, the growing expansion in the solar energy sector is expected to assist in raising the use of CVD devices and equipment since it plays a crucial role in the production of thin-film solar cells, such as amorphous silicon, cadmium telluride, and copper indium gallium selenide (CIGS). As the world is shifting its focus toward renewable sources of energy, CVD equipment is likely to be used at higher levels. Furthermore, ongoing research & development (R&D) activities are crucial to the industry as investments in materials science and surface engineering are growing around the world.
However, the global chemical vapor deposition equipment industry deals with certain growth restrictions. One of the primary causes revolves around process limitations. Despite the CVD process being versatile, there are great restrictions in terms of the materials that can be deposited and the deposition rates achievable. There are certain materials that are ill-suited for the process. Additionally, users are showing growing concerns over the use of precursor gasses that are considered toxic, reactive, or hazardous. It is essential to have a proper handling, storage, and disposal process in place when dealing with the process.
The emerging use of nanotechnology could provide growth opportunities while the technological complexity could challenge market expansion.
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Chemical Vapour Deposition (CVD) Equipment Market: Segmentation Analysis
The global Chemical Vapour Deposition (CVD) Equipmentent market is segmented based on technology, application, and region.
Based on technology, the global market segments are plasma-assisted and thermal. The chemical vapor deposition equipment industry witnessed the highest growth in the plasma-assisted segment in 2022. The technology is also known as plasma-enhanced CVD (PECVD) and it involves the use of plasma to optimize CVD processes. Plasma is created by energizing a gas using an electrical discharge. It leads to the formation of reactive species that assist in the deposition of thin films. The technology offers several benefits such as lower deposition temperatures, improved film quality, enhanced step coverage, and the ability to deposit a wide range of materials. Thermal CVD is also known as traditional CVD or LPCVD and relies on high temperatures to start and drive the chemical reactions for deposition. The temperature range in this process lies between 500°C to 1200°C.
Based on application, the global chemical vapor deposition equipment market is divided into cutting tools, electronics, solar panels, medical devices, and others. The highest growth was observed in the electronic segment where the equipment is crucial for the fabrication of several forms of electronic components and semiconductor devices. The industry relies heavily on CVD equipment for important processes such as deposition, diffusion, epitaxy, and etching. Some of the advantages of using the technology include ensuring uniformity, conformality, and precise control of film properties. It is also used in the production of display panels, LED (light-emitting diode) devices, and other electronic components. A result survey by Statista concluded that an average American has access to around 10 connected devices in their household.
The global Chemical Vapour Deposition (CVD) Equipment market is segmented as follows:
Browse the full “Chemical Vapour Deposition (CVD) Equipmentent Market By Technology (Plasma-Assisted And Thermal), By Application (Cutting Tools, Electronics, Solar Panels, Medical Devices, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030"- Report at https://www.zionmarketresearch.com/report/chemical-vapour-deposition-cvd-equipment-market
Some of the main competitors dominating the global Chemical Vapour Deposition (CVD) Equipment market include -
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Asia-Pacific is projected to register the highest growth in the global chemical vapor deposition (CVD) equipment market primarily due to the presence of crucial end-user verticals in the regions of India, Japan, China, South Korea, Taiwan, and others. These regions are some of the dominant nations in terms of the semiconductor industry. Taiwan is a noted supplier of advanced and efficient semiconductors across the globe and China is investing heavily in its manufacturing process to ensure its emergence as the next global power.
North America is expected to lead with significant revenue aided by the existence of advanced research facilities and technological advancements. The presence of key market players, research institutions, and semiconductor fabrication facilities drives the demand for CVD equipment in this region. Growth in Europe is projected to be driven by the high demand in the automotive sector.
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