Global Chemical Vapor Deposition (CVD) Market - Segmented by Category, Application, and Geography - Growth, Trends and Forecasts (2022 - 2030)
The chemical vapor deposition (CVD) market is expected to witness a CAGR of 7.62% during the forecast period (2018 to 2023), primarily driven by the increasing demand from electronics industry products such as mobiles, storage devices, laptops, and other electronic products. The increasing utilization of high-performance films in solar panels is also likely to stimulate the market growth during the forecast period.
Increasing Demand from Electronics Driving the Market
The demand for consumer gadgets such as smartphones, PCs, tablets and other medical electronics products is rapidly increasing across the world, with India and China expected to remain at the top of market growth. This technology can also be applied for coating components of electronic devices including integrated circuits, capacitors and resistors. The semiconductor sales has increased at a fast rate in 2017, accounting for USD 405.17 billion. The semiconductor market growth is likely to be further driven by the high demand for memory products. As semiconductors are deployed in almost all electronics products, it is likely to drive the demand for chemical vapor deposition equipment and materials in the coming years.
Solar Panel Application is Expected to Grow at the Highest Rate
The chemical vapor deposition technology is widely used in the fabrication of solar cells. The usage of the technology ranges in solar cell manufacturing, from the deposition of crystalline silicon in a crystalline-silicon solar cell, to the deposition of a range of different materials in thin high-performance film solar cells. The solar panels market is expected to grow in the coming years, due to decline in the cost of solar modules. The decline can be mainly attributed to the improvement in material efficiency, production optimization, and economies of scale. The governments across the globe is focusing to propel the growth of solar energy by introducing various investment plans, which in turn, is likely to drive the growth of chemical vapor deposition equipment and materials market.
Electronics Manufacturing Driving the Asia-Pacific Market
Asia Pacific region dominated the chemical vapor deposition market in 2017, and is anticipated to continue to dominate the market during the forecast period. China is one of the major market for chemical vapor deposition owing to the heavy production of semiconductor, medical equipment, data storage & solar devices. The country is trying to vertically integrate electronics manufacturing industry, by stepping into the global semiconductor manufacturing industry. In 2015, the China State Council announced 10 year manufacturing plan called “Made in China 2025”, which focuses on high-end equipment manufacturing innovation and intelligent manufacturing.
Notable Developments
In March 2018, Oerlikon has announced to acquire Sucotec AG, a Swiss manufacturer specializing in CVD (Chemical Vapour Deposition) equipment for the tools market. The acquisition is likely to enhance the range of products and services provided by Oerlikon Balzers, which focuses on PVD (Physical Vapour Deposition) and PACVD (Plasma Assisted Chemical Vapour Deposition)
Major Players: Veeco Instruments, Inc., Ulvac, Inc., IHI Corporation (Ionbond), Applied Materials Inc., Adeka Corporation, and CVD Equipment Corporation, among others.
Reason to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating application and category type in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet in Excel
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Increasing Demand from Electronics Driving the Market
The demand for consumer gadgets such as smartphones, PCs, tablets and other medical electronics products is rapidly increasing across the world, with India and China expected to remain at the top of market growth. This technology can also be applied for coating components of electronic devices including integrated circuits, capacitors and resistors. The semiconductor sales has increased at a fast rate in 2017, accounting for USD 405.17 billion. The semiconductor market growth is likely to be further driven by the high demand for memory products. As semiconductors are deployed in almost all electronics products, it is likely to drive the demand for chemical vapor deposition equipment and materials in the coming years.
Solar Panel Application is Expected to Grow at the Highest Rate
The chemical vapor deposition technology is widely used in the fabrication of solar cells. The usage of the technology ranges in solar cell manufacturing, from the deposition of crystalline silicon in a crystalline-silicon solar cell, to the deposition of a range of different materials in thin high-performance film solar cells. The solar panels market is expected to grow in the coming years, due to decline in the cost of solar modules. The decline can be mainly attributed to the improvement in material efficiency, production optimization, and economies of scale. The governments across the globe is focusing to propel the growth of solar energy by introducing various investment plans, which in turn, is likely to drive the growth of chemical vapor deposition equipment and materials market.
Electronics Manufacturing Driving the Asia-Pacific Market
Asia Pacific region dominated the chemical vapor deposition market in 2017, and is anticipated to continue to dominate the market during the forecast period. China is one of the major market for chemical vapor deposition owing to the heavy production of semiconductor, medical equipment, data storage & solar devices. The country is trying to vertically integrate electronics manufacturing industry, by stepping into the global semiconductor manufacturing industry. In 2015, the China State Council announced 10 year manufacturing plan called “Made in China 2025”, which focuses on high-end equipment manufacturing innovation and intelligent manufacturing.
Notable Developments
In March 2018, Oerlikon has announced to acquire Sucotec AG, a Swiss manufacturer specializing in CVD (Chemical Vapour Deposition) equipment for the tools market. The acquisition is likely to enhance the range of products and services provided by Oerlikon Balzers, which focuses on PVD (Physical Vapour Deposition) and PACVD (Plasma Assisted Chemical Vapour Deposition)
Major Players: Veeco Instruments, Inc., Ulvac, Inc., IHI Corporation (Ionbond), Applied Materials Inc., Adeka Corporation, and CVD Equipment Corporation, among others.
Reason to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating application and category type in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet in Excel
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Frequently Asked Questions
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