Vacuum Coating Equipment Global Market Report 2024

Vacuum coating refers to a method conducted in a vacuum chamber, involving the application of an extremely thin and uniform layer of coating onto a substrate's surface. This process serves to protect the substrate from wear and deterioration, enhancing its durability and performance. Vacuum coating equipment employs vacuum technology, creating a sub-atmospheric pressure environment and utilizing atomic or molecular combustible vapor.

The primary product types of vacuum coating equipment include physical vapor deposition (PVD), magnetron sputtering, and chemical vapor deposition (CVD). Physical vapor deposition, or thin-film coating, involves vaporizing a solid material in a vacuum and depositing it onto the surface of a part. This method allows for the application of various materials, such as aluminum, metallic oxides like titanium oxide (TiOx), or ceramic materials like titanium nitride (TiNx). Vacuum coating equipment finds applications in diverse industries, including electronics and panel display, optics and glass, automotive, tools, and hardware.

The vacuum coating equipment market research report is one of a series of new reports that provides vacuum coating equipment market statistics, including vacuum coating equipment industry global market size, regional shares, competitors with a vacuum coating equipment market share, detailed vacuum coating equipment market segments, market trends and opportunities, and any further data you may need to thrive in the vacuum coating equipment industry. This vacuum coating equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The vacuum coating equipment market size has grown strongly in recent years. It will grow from $33.33 billion in 2023 to $35.86 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The expansion observed in the historical period can be attributed to factors such as the increased demand for consumer electronics and semiconductors, a growing need for medical equipment and devices, an escalating demand for energy-efficient coatings, a surge in demand for automotive coatings, and an increasing demand for decorative coatings.

The vacuum coating equipment market size is expected to see strong growth in the next few years. It will grow to $48.05 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the forecast period can be attributed to factors such as the increasing demand for nanocoatings and thin films, a rise in demand for functional coatings with enhanced properties, the integration of automation and robotics in vacuum coating processes, the development of environmentally friendly coating processes, and the expanding applications of vacuum coating in the renewable energy sector. Key trends expected in the forecast period encompass the emergence of smart coatings, integration with Industry 4.0 practices, the influence of 5G technology, the development of customized coatings, and the application of nanotechnology in coating processes.

The anticipated surge in demand for electric vehicles is poised to be a key driver for the vacuum coating equipment market in the forecast period. Coatings play a crucial role in safeguarding the substrates of electric vehicles and their components from corrosion and damage. The rising popularity and adoption of electric vehicles are expected to result in an increased need for vacuum coating equipment. As per Bloomberg New Energy Finance (BNEF), it is projected that electric vehicles will constitute 10% of global passenger vehicle sales by 2025, escalating to 28% in 2030 and a substantial 58% in 2040. Consequently, the heightened demand for electric vehicles is a significant factor propelling the growth of the vacuum coating equipment market.

The burgeoning aerospace industry is anticipated to be a driving force behind the growth of the vacuum coating equipment market. Playing a pivotal role in vehicular flight within and beyond Earth's atmosphere, the aerospace industry involves various aspects such as research, development, design, manufacturing, operation, and maintenance of both aircraft and spacecraft. In this sector, vacuum coating equipment is essential for applying protective and performance-enhancing coatings to aircraft components. This ensures corrosion resistance and thermal stability under extreme conditions, contributing to enhanced fuel efficiency, reduced maintenance requirements, and overall improved aerospace vehicle performance. For instance, Airbus SE reported delivering 661 commercial aircraft to 84 customers in 2022, marking an 8% increase from the 611 units sold in 2021. Hence, the thriving aerospace industry is a driving force behind the growth of the vacuum coating equipment market.

Technological advancement emerges as a prominent trend in the vacuum coating equipment market, with major companies in the sector actively engaged in developing technological solutions to fortify their market positions. A notable example is the partnership between Singulus Technologies, a Germany-based manufacturing company, and China National Building Material Co., Ltd., a China-based building material company. Together, they collaborated on developing new vacuum coating machines based on CdTe Thin-Film Technology. This collaboration aims to lower manufacturing costs, enhance cell performance, and increase output through innovative technological solutions.

Major companies in the vacuum coating equipment market are also placing increased emphasis on introducing atomic layer deposition (ALD) solutions to gain a competitive advantage. ALD is a thin-film deposition technique widely used in materials science and semiconductor manufacturing. For instance, in May 2023, Beneq, a Taiwan-based company, partnered with Lung Pien Vacuum Industry Co., Ltd., a Taiwan-based machine manufacturing company, to launch an Atomic Layer Deposition (ALD) product collaboration for optical coating manufacturing. This cutting-edge coating technology facilitates the creation of high-quality applications, including anti-reflective coatings for mobile phone camera lenses and automotive purposes.

In October 2021, Yield Engineering Systems, Inc. (YES), a US-based producer of process equipment, acquired Kanthal for an undisclosed amount. This strategic acquisition adds Kanthal's high-temperature (>800 °C) furnace expertise and Low-Pressure Chemical Vapor Deposition (LPCVD) technologies to YES's growing thermal processing capabilities. Kanthal Corporation, based in the US, is a company specializing in the production of vacuum coating equipment.

Major companies operating in the vacuum coating equipment market include Bühler Group, ULVAC Inc., Applied Materials Inc., Singulus Technologies AG, Kolzer Srl, CVD Equipment Corporation, Semicore Equipment Inc., OC Oerlikon, Mustang Vacuum Systems Inc., Izovac Ltd., IHI Corporation, PVD Products Inc., T-M Vacuum Products Inc., Lanzhou Vacuum Equipment Liability Co. Ltd., HEF USA, Veeco Instruments Inc., Leybold GmbH, AJA International Inc., Angstrom Engineering Inc., Denton Vacuum LLC, Plasma-Therm LLC, Sputtering Components Inc., Advanced Energy Industries Inc., Intlvac Thin Film Corporation, Soleras Advanced Coatings, Von Ardenne GmbH, Impact Coatings AB, KDF Electronic & Vacuum Services Inc., Tokyo Electron Limited, TriVitro Corporation, VTD Vakuumtechnik Dresden GmbH, Xiangtan Hongda Vacuum Equipment Co. Ltd.

Asia-Pacific was the largest region in the vacuum coating equipment market share in 2023. The regions covered in the global vacuum coating equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the vacuum coating equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The vacuum coating market consists of sales of physical vapor deposition coating, cathodic arc, medical tools, thermal vaporization machine. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.