APAC Vacuum Coating Equipment Market size is estimated to cross USD 21 billion by 2028, according to a latest forecast report by Graphical Research.
Strong growth of the automobile sector and the expanding demand of electric vehicles will provide significant opportunities for the industry. Regional vacuum coating system manufacturers have been offering best-in-class nitride coatings for the automotive sector. This type of equipment will continue to see future installation because of higher flexibility and lower cost of ownership.
Since automakers are in the quest for high quality, low friction components, companies are accommodating their needs in their latest product lines. The high resistance to abrasion, erosion, and wear offered by their solutions is crucial for the optimal functioning of automotive engine components.
Over the last few years, the prices of fuels such as petrol, diesel, and gas have been spiraling. At the start of April 2022, India saw its tenth hike in petrol and diesel prices within only 12 days. Similarly, in China, retail diesel and gasoline prices saw a notable in June 2022. As such, carmakers have been seeking fuel efficient technologies such as PVD coatings, that can lower vehicle weight as well as fuel consumption.
Government support toward EV adoption is another primary growth driver of APAC vacuum coating equipment market. Between 2014 and 2021, the Malaysian government successfully evaluated and approved several tax incentives for over 13 automotive projects backed by funding worth nearly USD 1.04 billion. Similarly, Japanese automakers have been stoking R&D investments despite the slackened profits due to the COVID-19 pandemic.
Likewise, in July 2020, South Korea announced that it will spend more than USD 94.6 billion on ‘Green New Deal’. The project will support EV manufacturing and hydrogen cars in a six-year plan through 2025. The nation intends to deploy over 1.13 million EVs as well as 200,000 hydrogen cars on road by 2025.
The North American vacuum coating equipment market from sputtering technology segment will witness 6% CAGR through 2028, due to the ever-expanding patient demand for testing and diagnosis. Since the COVID-19 pandemic, the patient footprint across hospitals has been growing, creating scope for fresh investments in medical applications.
Browse detailed statistical insights from the report, “Asia Pacific Vacuum Coating Equipment Market Forecast 20278 By Product (PVD, Magnetron Sputtering, CVD), By Application (PVD [Microelectronics, Storage, Solar, Medical Equipment, Cutting Tools], Magnetron Sputtering [Metallizing For Microelectronic Circuits And Chip Carriers, Electrical Resistance Films, Magnetic Films, Opto Storage Devices, Corrosion-Resistant Films, Gas Sensors], CVD [Integrated Circuits & Photovoltaic Devices, Polymerization, Metal-Organic Frameworks, Gas Sensing & Low-K Dielectrics]), Research Report, Regional Outlook (U.S., Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Magnetron sputtering technology is being used in making stents, orthodontic appliances, pacemakers, surgical instruments, orthopedic implants, dental instruments, and medical pressure sensors. The ability of the technology to provide high biocompatibility will enhance patient safety. The equipment ensures that the underlying biomechanical functionality and material properties of the medical device remain unchanged.
China vacuum coating equipment market share will record a CAGR of over 7% till 2028, fueled by aggressive government investments in the automotive sector. The companies have been strengthening their position in the Chinese fuel cell and hydrogen market. The nation’s ambitious sustainability goals for cutting pollution and carbon emissions have been instrumental in enhancing product uptake.
Thin-film PVD coating equipment industry is gaining traction across China and Australia due to the growing preference for sustainable coating solutions offered by product manufacturers. Regional energy and automotive industries have been fostering the adoption of high-performance ceramic coating.
The North American vacuum coating equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2017 to 2028 for the following segments:
North America Market, By Technology
- Physical Vapor Deposition (PVD)
- Magnetron sputtering
- RF magnetron sputtering
- Reactive sputtering
- Chemical Vapor Deposition (CVD)
North America Market, By Application
- PVD application
- Medical equipment
- Cutting tools
- Sputtering application
- Metallizing for microelectronic circuits and chip carriers
- Electrical resistance films
- Magnetic films
- Opto storage devices
- Corrosion-resistant films
- Gas sensors
- CVD application
- Integrated Circuits (ICs) & photovoltaic devices
- Metal-organic frameworks
- Gas storage, adsorption, and storage & purification
- Gas sensing & low k-dielectrics
The above information has been provided for the following countries: