Vacuum coating equipment refers to machinery used to deposit thin films or coatings onto the surface of materials within a vacuum chamber. This process involves the removal of air and other gases to create a low-pressure environment, allowing for precise application of coatings through physical vapor deposition (PVD), chemical vapor deposition (CVD) or other vacuum-based techniques. These systems are essential for enhancing surface properties such as hardness, conductivity, reflectivity or corrosion resistance and are widely used across industries including electronics, optics, automotive, aerospace and packaging.
The global vacuum coating equipment market was valued at $18,115.57 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 5.00%.
Growing Adoption Of Electric Vehicles
The growing adoption of electric vehicles drove the growth of the vacuum coating equipment market during the historic period. Coating plays an important role in protecting the substrates of electric vehicles and their components from rust and damage. EV manufacturers increasingly relied on advanced coatings to enhance the performance, durability and energy efficiency of critical components such as batteries, power electronics and lightweight materials. Vacuum coating technologies enabled the production of high-performance thin films used in battery electrodes, thermal barriers and optical layers for sensors, contributing to improved battery life, safety and overall vehicle efficiency. For instance, according to the International Energy Agency, a Paris-based autonomous intergovernmental organization, in 2023, electric vehicle sales experienced a notable increase of 3.5 million units, reflecting a robust 35% year-over-year growth. Therefore, the growing adoption of electric vehicles supported the growth of vacuum coating equipment market.
Next-Gen Thin-Film Coating Platform Set To Accelerate Solar Cell Manufacturing
Major companies operating in the vacuum coating equipment market are focusing in developing innovative coating equipment platforms with enhanced efficiency, precision and automation to meet evolving industry demands. These advancements help manufacturers reduce costs, improve sustainability and gain a competitive edge. For instance, in September 2024, VON ARDENNE, Germany-based high-tech coating equipment manufacturer, launched new GIGA|nova coating equipment platform to the U.S. photovoltaics (solar) market for the first time. It is a vacuum coating equipment system based on physical vapor deposition (PVD) technology, which includes vacuum processes such as magnetron sputtering and thermal evaporation. The platform comes in two versions, GIGA|nova SCX and GIGA|nova DCX, designed to enhance efficiency and scalability in solar cell manufacturing. This strategic launch marks the company's efforts to expand its footprint in the U.S. renewable energy sector. The GIGA|nova platform integrates advanced thin-film coating technology to support next-generation PV cell production.
The global vacuum coating equipment market is fairly fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 21.20% of the total market in 2024.
Vacuum Coating Equipment Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global vacuum coating equipment market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for vacuum coating equipment? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The vacuum coating equipment market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider vacuum coating equipment; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product, by application and by vertical
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by product, by type and vertical. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Future Outlook and Potential Analysis- Contains information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years
- Conclusions And Recommendations- This section includes recommendations for vacuum coating equipment providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Product: Physical Vapor Deposition (PVD); Magnetron Sputtering; Chemical Vapor Deposition (CVD)
- 2) By Application: Transparent Electrical Conductors; Optical Films; Packaging; Hard And Wear-Resistant Coatings; Energy (Including Hydrogen And Battery Applications); Medical Devices; Wear-Resistant Tools; Electronic Components And Devices; Other Applications
- 3) By Vertical: Electronics; Automotive; Healthcare; Aerospace; Opto-Electronics; Defense; Other Verticals
- Companies Mentioned: Oerlikon Balzers Coating AG; IHI Corporation (Hauzer Techno Coating); Buhler Group; Applied Materials Inc.; Ferrotec Holdings Corporation
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; vacuum coating equipment indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.