Vacuum Coating Machinery Market Size, Share, Growth, and Industry Analysis, By Type (Vacuum Evaporation Coating Machine, Vacuum Sputtering Coating Machine, Chemical Vapor Deposition (CVD) Coating Machine, Others), By Distribution (Automotive, Consumer Electronics, Packaging, Others) and Regional Forecast to 2032

Updated On: 29 April 2024

VACUUM COATING MACHINERY MARKET REPORT OVERVIEW

The global vacuum coating machinery market size was USD 5.6927 million in 2022, and the market is projected to touch USD 7743.11 million by 2032, exhibiting a CAGR of 3.1% during the forecast period.

The industry comprises an exciting field that involves the placement of thin films to diverse surfaces via a vacuum deposition technique. These machines use modern technology to generate coatings with enhanced characteristics such as increased durability, resistance to corrosion, and transparency. The growing need for high-performance and specialty coatings has led to extensive use of vacuum coating in a variety of industries, notably electronics, automotive, optical, and packaging.

Physically vapor deposition (PVD) along with chemical vapor deposition, also known as CVD, are two coating processes used in the market, each customized to unique material specifications and application domains. Vacuum coating machines are critical in helping producers to accomplish precise and regulated depositing of thin films, hence improving end product performance and lifetime.

COVID-19 Impact: Extensive Spread of Coronavirus to Deplete Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The production of various vacuum coating machine items interrupted due to the nationwide lockdown caused by the COVID-19 outbreak. This has severely hampered the market's rise regarding vacuum coater machines in those recent months and continued through 2021. COVID-19 has already hampered vacuum coater machine sales in the initial three months of 2021, and has a negative influence on vacuum coating machinery market growth during the year.

Prior to the propagation of the coronavirus, that has considerably harmed these countries' economies and diminished interest in vacuum coater machinery, the United States, Germany, Italy, the United Kingdom, and China were the top coating machine buyers.

LATEST TRENDS 

Integration in Healthcare Equipment to Stimulate Market Development   

Furthermore, the rising utilization of vacuum coating across emerging industries such as renewable energy and healthcare equipment drive market expansion. As industries continue to focus on effectiveness and long-term viability, the market has the potential for long-term growth, fueled by technological improvements and a broader range of applications.

VACUUM COATING MACHINERY MARKET SEGMENTATION      

• By Type

Based on type the global market can be categorized into vacuum evaporation coating machine, vacuum sputtering coating machine, chemical vapor deposition (CVD) coating machine, others.

Vacuum Evaporation Coating Machine: In the vacuum chamber, the machine uses resistance heating to melt and evaporate the metallic wire (aluminum wire) clinging to the resistant wire. The evaporated metal molecules settle on the substrates, thereby resulting in a smooth layer with great reflectivity.

Vacuum Sputtering Coating Machine: Sputtering employs the use of an ionized vapor to ablate, or gradually eliminate, the metal from the object being attacked material (the material which will coat the item). This ablated metal finally navigates the chamber of vacuum and coated the desired area, which might be either above or beneath the point of interest.

Chemical Vapor Deposition (CVD) Coating Machine: Chemical Vapor Deposition (CVD) is a general term that refers to a variety of thin film deposition processes that are frequently employed for generating high-quality, outstanding performance solid coating or deliberately polymers.

• By Application

Based on application the global market can be categorized into automotive, consumer electronics, packaging, others.

Automotive: Vacuum coating converts valuable alloys and metals in condensed coatings that may be readily applied to the exteriors of automobiles. These materials frequently have inherent features such as great resistance to natural elements, guaranteeing that the automobile is corrosion resistant. The machinery comes in usage at a large percent in automotive industries.

Consumer Electronics: This kind of small program temperature-regulating evaporating coating machine has an extensive list of applications because it can make numerous kinds of metal film as well as organic film, and it is extensively used in the creation of electrodes and organically light-emitting LEDs.

Packaging: Barrier layers have been used to shield a product against environmental factors including water vapor and oxygen. One method for applying these layers on flexible substrates is vacuum deposition. Packaging for extremely delicate electronic components that include LEDs or solar cells, as well as food packaging, are examples of applications.

DRIVING FACTORS

Incorporation in Electronic Sector to Support Market Expansion 

Several growth drivers are propelling the vacuum coating machinery market growth, emphasizing its relevance in the industrial landscape. Electronics and optical sectors are driving demand for vacuum-coated parts and devices, thanks to an increased focus on product creativity and efficiency improvement.

The market benefits from increased knowledge of the benefits of vacuum coatings, such as improved surface qualities, less environmental impact, and long-term cost-effectiveness.

Focus on Strategic Alliances to Foster Industry Progress    

Competitive research reveals a landscape characterized by fierce competition among significant market players contending for technological dominance and market share. Major corporations are working on strategic alliances, acquisitions, and transactions to expand their global reach and product portfolios. Businesses continue to engage in research and development to create cutting-edge coating technologies, as innovation in technology remains a critical competitiveness factor.

Consumers demand high-quality coatings yet demanding economical options, so market dynamics are defined by a careful balance amongst differentiation in products and cost effectiveness. Global economic uncertainty and geopolitical variables also have an impact on market dynamics, demanding adaptive tactics for long-term competition in the market.

RESTRAINING FACTOR

Higher Initial Investment to Stop Market Evolution    

The marketplace is hampered by significant constraints, such as the high initial investment in capital necessary to acquire and operate complex vacuum coating equipment. This creates a considerable barrier to entry for medium- and small-sized enterprises (SMEs), restricting market access and stifling widespread adoption. Furthermore, the business is dealing with rising raw material and energy costs, which are reducing the margins of profit for market participants.

Stringent laws controlling the use of particular coating materials limit producers' options, as do compliance with regulations and environmental considerations. Furthermore, a scarcity of qualified technicians capable of running and maintaining modern vacuum coating machines creates a human manpower bottleneck, delaying the industry's growth.

VACUUM COATING MACHINERY MARKET REGIONAL INSIGHTS  

Asia Pacific Power on the Business Due to Widespread Existence of Electrical Industries

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

In 2021, Asia Pacific controlled the vacuum coating machinery market share. This expansion is primarily due to the widespread existence of the electronic and electrical industries, the increasing adoption of electric cars, and the application of vacuum coatings that avoid rust and other damages while additionally enhancing appearance, increasing efficiency, and lowering fuel consumption. The Asia Pacific market for vacuum coating machinery is developing as a result of greater government investment towards safe and environmentally friendly innovations.

KEY INDUSTRY PLAYERS

Key Players Focus on Partnerships to Gain a Competitive Advantage

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled 

• Applied Materials (U.S.)
• ULVAC (Japan)
• Buhler Leybold Optics (Germany)
• Shincron (Sweden)
• AIXTRON (Germany)
• Von Ardenne (Germany)
• Veeco Instruments (U.S.)
• Evatec (Switzerland)
• Optorun (Japan)
• Jusung Engineering (South Korea)
• Showa Shinku (Japan)
• IHI (Japan)
• BOBST (Switzerland)

INDUSTRIAL DEVELOPMENT    

May 2023: Chinese National Building Materials Company (CNBM) along with Singular Tech AG (Singular Technology) reached a deal in May 2023 to manufacture the following vacuum coating machines.

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.