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Horizontal LPCVD Market REPORT OVERVIEW
global Horizontal LPCVD market size was USD 197 million in 2022 and market is projected to touch 380.9 Million By 2032, exhibiting a CAGR of 6.8% during the forecast period.
Horizontal LPCVD (low pressure chemical vapor deposition) is a procedure by which thin film is deposited on a substrate. This procedure involves the mixing and reaction of gases in a chamber having low pressure. This will result in the deposition of a horizontal wafer. These equipments are used in several industries such as solar cells and semiconductors and have high demand in the market.
Technological advancements have helped in the production of high-quality materials. Certain materials such as nitrides, boron, graphene, and 2D materials are being deposited using these equipments. This is considered as the latest trend in the market.
Semiconductor industry, solar cell sector, electronics, aerospace, defense, and MEMs are some of the fast-growing industries that require LPCVDs. These films also have high temperature stability and excellent mechanism properties. These act as the factors driving the horizontal LPCVD market growth.
COVID-19 Impact: Decline in Demand for Semiconductors During Pandemic Decreased Market Growth
The pandemic of COVID-19 was the prime reason for the downfall of most of the industries. The sudden outbreak of coronavirus led to the imposition of lockdowns, social distancing norms, and travel bans, Labor-intense industries suffered heavily due to such restrictions. The manufacturing activities of several industries also suffered.
Horizontal LPCVD market was no exception, and was severely affected by the low demand for semiconductors during the period of lockdowns. These LPCVDs are used as an integral component in the semiconductor markets. Disruption in logistics, and unavailability of raw materials further added to the problems faced by the market during the period of COVID-19.
LATEST TRENDS
"Rising Adoption of LPCVDs for Deposition of Novel Materials to Increase Market Growth"
An important trend that is shaping the market is the advancements in technology, that are helping in the production of high-quality films. Along with this, horizontal LPCVD equipments are being used for depositing films of novel materials. Certain materials such as nitrides, boron, graphene, and 2D materials are being deposited using these equipments.
Horizontal LPCVDs that can operate at a very high temperature as well as pressure have been manufactured. These features will enable the faster deposition of good quality films. Manufacturers are also increasingly focusing on the production of equipments that are sustainable and eco-friendly in nature to reduce the carbon footprints. All of these are considered to be the latest trend in the market.
Horizontal LPCVD Market SEGMENTATION
- By Type:
The market can be divided on the basis of type into the following segments:
Tubes and below, and, tubes and above. The tubes and below segment are anticipated to dominate the market during the forecast period.
- By Application:
Classification based on application into the following segment:
Semiconductor, PV solar, and, others. The semiconductor segment is predicted to dominate the market during the research period.
DRIVING FACTORS
"Application of LPCVDs in Sectors Such as Semiconductors and Electronics to Accelerate Market Growth"
Industries such as semiconductors, and electronics require high-quality thin films for various applications. This rising requirement has increased the demand for the market. Advanced materials that exhibit superior features will increase the efficiency of functioning of any device. Therefore, horizontal LPCVDs are preferred by many industries as they can tolerate high pressures and temperatures.
Post pandemic both the semiconductor market as well as the electronic sectors have experienced tremendous growth. During the period of lockdown everything took place through online mediums. This increased the sales of electronic devices. Advancements in technology coupled with rapid growth of semiconductor and electronics market will have a positive impact on the market. All of these factors will accelerate the market growth and development.
"Adoption of Horizontal LPCVDs in Aerospace and Defense to Propel Market Growth "
LPCVD equipments are highly versatile and are used in a wide range of industries including aerospace and defense. This is because, these equipments are capable of producing thin films that have high temperature stability and excellent mechanism properties. They also enable the deposition of high-quality silicon nitride films in the solar industry.
OLED, flexible displays, and advanced displays are highly popular in today’s situation and they also employ these equipments. MEMs also known as Micro-electronic Mechanical Systems are implemented in devices such as microphones, sensors, and actuators. The demand for MEMs has also increased which is further fueling the market growth. All the above-mentioned factors have helped in increasing horizontal LPCVD market share.
RESTRAINING FACTOR
"High Initial Costs of LPCVDs to Decrease Market Growth"
Contrary to versatility offered by these equipments they also have certain disadvantages that can hinder the market growth. One such factor is the high initial cost of the LPCVDs. As a result, these equipments have become unaffordable to some of the industries. Only large-scale industries are capable of affording these equipments.
However, medium-sized and small-scale enterprises may not prefer to use these equipments due to their expensiveness. There are several other alternatives that are available in the market at a cheaper rate. Some of them include plasma enhanced chemical vapor deposition (PECVD), and atomic layer deposition (ALD). All of these factors can restrain the growth and development of the market.
Horizontal LPCVD Market Regional Insights
"Asia Pacific to Dominate Market in Upcoming Years"
The region that has achieved dominance in the market is Asia Pacific. Several factors have created favorable growth opportunities for the rapid development of the market in this particular region. Asia Pacific has some of the largest manufacturers in both the semiconductor and electronic market.
Countries such as China, South Korea, and Japan are the top countries contributing for the market growth in Asia Pacific. There has been an increase in demand for MEMs, OLED displays, advanced displays, and solar cells in this region. All of these factors have increased the market share in Asia Pacific.
Key Industry Players
"Leading Players adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profiled
- Shenzhen S.C (China)
- Centrotherm (Germany)
- Tempress (Netherlands)
- Expertech (U.S.)
- Thermco Systems (U.S.)
- Laplace Energy Technology (U.K.)
- Qingdao Yuhao (China)
- NAURA (China)
Report Coverage
The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 197 Million in 2022 |
Market Size Value By |
US$ 380.9 Million by 2032 |
Growth Rate |
CAGR of 6.8% from 2022 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the horizontal LPCVD market expected to touch by 2032?
The global horizontal LPCVD market size is expected to reach USD 380.9 Million By 2032.
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What CAGR is the horizontal LPCVD market expected to exhibit by 2032?
The horizontal LPCVD market is expected to exhibit a CAGR of 6.8% by 2032.
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Which are the top companies operating in the horizontal LPCVD market?
Shenzhen S.C, SVCS, Centrotherm, Tempress, and, Expertech are some of the top companies that are operating in the horizontal LPCVD market.
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Which are the driving factors of the horizontal LPCVD market?
Semiconductor industry, solar cell sector, electronics, aerospace, defense, and MEMs are some of the fast-growing industries that require LPCVDs. These films also have high temperature stability and excellent mechanism properties. These act as the factors driving the horizontal LPCVD market growth.
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Which is the leading region in the horizontal LPCVD market?
Asia Pacific is the leading region in the horizontal LPCVD market.