North America Vacuum Coating Equipment Market size exceeded USD 5,600 million in 2021 and is anticipated to witness 4% CAGR from 2022 to 2028.
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COVID-19 Impact on North America vacuum coating equipment industry outlook:
Due to the COVID-19 health emergency, market participants suffered considerable losses as manufacturing units had to be shut down. Although the global supply chain disruption had a negative impact on the market growth, the medical device applications of magnetron sputtering technology created new pathways for the coating machine manufacturers. Increasing production of medical implants such as stents and catheters to meet patient needs will fuel the market growth.
North America Market, By Application
With the application of these products ranging from medical equipment and microelectronics to gas sensors and cutting tools. Top manufacturers have been focusing on developing user-friendly systems for eliminating heavy reliance on skilled operators.
Primarily driven by the automobile and electronics industries, the demand for vacuum coating equipment will grow from the increased investments in these sectors across the U.S. Increasing use of vacuum coating for consumer electronics will power the industry forecast. The companies have been providing custom solutions for waterproof sealing of electronic components. Several electronic component makers have been relying on innovative designs, including vacuum ovens with multiple shelves, with detachable top shelf and high temperature resistance. Numerous designs focus on protecting the vacuum components from heat during nitrogen backfill processes.
North America Market, By Product
The physical vapor deposition (PVD) technology segment will observe around 3.9% growth rate during the forecast period, triggered by the increasing adoption across drive components, valve components, gears, piston pins and rings, among other locomotive parts. Product use will increase for car engine components due to more stringent regulations regarding the mandatory use of PACVD and PVD coatings for engines are other components in the region. An average car spends nearly 10-15% of the total energy on friction losses, pushing automakers toward newer technologies such as plasma coatings.
North America Market, By Country
Canada vacuum coating equipment market size will increase exponentially through 2028, thanks to the renewed interest in railway projects. In June 2022, under its Rail Safety Improvement Program, the Canadian Government announced that it has allocated over USD 18.39 million for nearly 147 new railway projects throughout the nation. Regional product use will increase because coating the surface of locomotive components with a vaporized metal has become a common practice for minimizing the friction and wear. Increasing focus toward tribological properties of PVD and CVD coatings, coupled with research activities.
Competitive Industry Landscape
Some of the leading companies involved in the North America market include Semicore Equipment, Applied Materials, Buhler AG, BCI Blösch, Scientific Vacuum Systems Ltd, Kolzer SRL and ULVAC Inc.