REPORT HIGHLIGHT
Chemical Vapour Deposition (CVD) Equipment Market size was valued at USD 23,068.7 Million in 2022, expanding at a CAGR of 8.1% from 2023 to 2030.
Chemical vapor deposition or CVD is known as a vacuum deposition method that 6is used to manufacture solid materials which provide better performance and usually have high quality. In the semiconductor industry, they are largely used to produce thin films. Moreover, these materials usually have high purity and are harder than other materials. They are majorly used in applications including catalysis, electronics, and coatings among others.
Chemical Vapour Deposition (CVD) Equipment Market - Market Dynamics:
- Rising demand for functional & effective coating solutions and growing expansion in the solar energy sector
- The increasing demand for effective and functional coating solutions is driving the global chemical vapor deposition (CVD) equipment market. In addition, they are widely used to improve the durability, aesthetics, and performance of several products. The equipment enables coating deposition with desired and selective properties including corrosion resistance, optical properties, wear resistance, and thermal insulation. Industries such as aerospace, healthcare, automotive, and energy have a huge demand for efficient coating solutions thus driving the demand for CVD equipment. However, high capital investment and a lack of qualified workers for operations are the major reasons which may restrain market growth. Moreover, the use of CVD devices and equipment is rising due to the growing expansion in the solar energy sector. As it plays an essential role in manufacturing thin-film solar cells including cadmium telluride, copper indium gallium selenide (CIGS), and amorphous silicon. Moreover, as individuals are shifting their interest toward renewable sources of energy as a result, CVD equipment is likely to be used at higher levels.
Chemical Vapour Deposition (CVD) Equipment Market - Key Insights:
- As per the analysis shared by our research analyst, the chemical vapour deposition (CVD) equipment market is estimated to grow annually at a CAGR of around 8.1% over the forecast period (2023-2030)
- The chemical vapour deposition (CVD) equipment industry is projected to grow at a significant rate due to the increasing demand for effective and functional coating solutions
- Based on technology segmentation, plasma-assisted was predicted to show maximum market share in the year 2022
- The emerging use of nanotechnology may offer lucrative growth opportunities for the chemical vapour deposition (CVD) equipment market
Chemical Vapour Deposition (CVD) Equipment Market- Segmentation Analysis:
- The global chemical vapour deposition (CVD) equipment market is segmented on the basis of technology, application, end user, and region.
- The market is divided into two categories based on technology: thermal and plasma-assisted. The plasma-assisted segment is likely to possess the largest market share. The plasma-assisted technology is also known as plasma-enhanced CVD (PECVD) and it includes the utilization of plasma to optimize CVD processes. Additionally, plasma is made by energizing a gas involving an electrical discharge. The segment provides various advantages such as improved film quality, the ability to deposit a wide range of materials, lower deposition temperatures, and enhanced step coverage.
- The market is divided into four categories based on application: electronics, cutting tools, medical devices, solar panels, and others. The electronics segment is accounted to witness the highest growth rate. The electronics segment is essential for the fabrication of several forms of semiconductor devices and electronic components. The sector relies on CVD equipment for crucial processes including diffusion, etching, deposition, and epitaxy. The advantages used by the technology such as ensuring conformality, uniformity, and precise control of film properties.
- The market is divided into four categories based on end-user: IDM, memory, logic, and foundry. The foundry segment is likely to maintain its dominance during the forecast period. In the manufacturing process of semiconductors, CVD equipment is instrumental. It is utilized to deposit several materials, such as conductive materials and dielectrics onto silicon wafers in the fabrication of integrated circuits. To create these essential thin film layers foundries heavily rely on CVD equipment that form the basis of semiconductor devices.
Chemical Vapour Deposition (CVD) Equipment Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Chemical Vapour Deposition (CVD) Equipment Market- Competitive Landscape:
Ongoing R&D activities are important to the sector as investments in materials science and surface engineering are growing across the globe. Moreover, the increase in the semiconductor industry, rise in the environmental regulation, the rise in the demand for electronics among the population, and the increase in the technological advancement and development in CVD equipment are major factors boosting the market growth. For instance, in March 2021, Element Six (E6), part of the De Beers Group, has been named a Prism Awards winner in the quantum category for its chemical vapor deposition quantum grade diamond, DNV-B1™, part of the DNV™ Series.
Recent Developments:
For instance, in August 2021, CVD Equipment Corporation a leading provider of chemical vapor deposition systems announced that it has received a production system order from a major, US-based, electric vehicle battery material manufacturer for approximately $1.7M.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL CHEMICAL VAPOUR DEPOSITION (CVD) EQUIPMENT MARKET KEY PLAYERS
- LPE S.p.A.
- Veeco Instruments Inc.
- ASM International N.V.
- AIXTRON SE
- SPTS Technologies (an Orbotech company)
- ULVAC Technologies Inc.
- Lam Research Corporation
- Semicore Equipment Inc.
- Applied Materials Inc.
- Centrotherm AG
- Tokyo Electron Limited
- CVD Equipment Corporation
- Picosun Group
- Plasma-Therm LLC
- SENTECH Instruments GmbH
- Oxford Instruments plc
- Canon Anelva Corporation
GLOBALCHEMICAL VAPOUR DEPOSITION (CVD) EQUIPMENT MARKET, BY TECHNOLOGY
GLOBAL CHEMICAL VAPOUR DEPOSITION (CVD) EQUIPMENT MARKET, BY APPLICATION
- Electronics
- Cutting Tools
- Medical Devices
- Solar Panels
- Others
GLOBAL CHEMICAL VAPOUR DEPOSITION (CVD) EQUIPMENT MARKET, BY END USER
GLOBAL CHEMICAL VAPOUR DEPOSITION (CVD) EQUIPMENT MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA