© 2016 Global Market Insights, Inc. USA. All Rights Reserved Vacuum Coating Equipment Market to reach $47 billion by 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Vacuum Coating Equipment Market size will cross USD 47 billion by 2024; impelled by advantages of decorative PVD coatings over electroplating in consumer goods industry. The industry has recorded substantial growth in past few years with varied applications in electronics, power generation, automotive sector etc. It is commonly used in the electronics industry for integrated circuits, photovoltaic devices and microelectronics. Global consumer electronics market will record a CAGR of 4% till 2024.Industrial automation and manufacturing of high-end vehicles have increased adoption of integrated circuits in these fields. Escalating electrical & electronics industry will ramp up vacuum coating equipment market demand.  PVD coating accounted for significant share of around 39% in vacuum coating equipment market in It has an edge over traditional coating methods (electroplating and painting) of providing longer shelf life, bright colors, and scratch resistant surface to the product. It provides a coating to engine components that reduces friction and wear between the parts, resulting in better efficiency and performance of the engine. Key Insights from Vacuum Coating Equipment Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  PVD coating is applied on engine parts such as valve train components, drive train components, piston pins, piston rings, and gears. In 2013, over 21 million units of commercial vehicles were manufactured and in 2016, manufacturing crossed 22.8 million units. Global passenger vehicles sales registered a growth of 7.2% between March 2015 to March Increasing adoption of this coating in automobile industry and other industrial applications will strengthen vacuum coating equipment market in future. It is specifically replacing chrome plating, as chromium is carcinogenic in nature and is getting ban in many regions. On the other hand, complex machinery requirements and the need for skilled operators etc. are some of the factors that will hinder growth PVD coating penetration.  Magnetron sputtering has wide and diversified applications such as in gas sensors, corrosion-resistant films, magnetic films, metallizing for microelectronic circuits and chip carriers. Metallizing is an innovative technology replacing electroplating in electronics industry. Magnetron sputtering application will grow above 9% CAGR in global vacuum coating equipment market till Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Europe Vacuum Coating Equipment Market, by product, (USD Million)

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Continued...  Asia Pacific contributes significantly in the market with nearly 50% share in revenue generation. Rapid industrialization has increased energy requirements of this region and boosted power generation industry significantly. Leading players of smartphone are foraying into manufacturing of premium smartphones category which requires luxurious external body display this in turn will stimulate vacuum coating equipment market demand.  Positive outlook of automobile market in Germany, makes Europe a significant region in global vacuum coating equipment market. The market revenues in Germany crossed USD 910 million Vacuum coating equipment market is consolidated with few major manufacturers mainly such as Buhler AG, PVD Products Inc, BCI Blösch group, Applied Materials Inc, Singulus Technologies AG, and Kolzer SRL.These equipment’s are cost-intensive, so most of the companies have their own extensive distribution network and sales offices across different regions. For instance, Buhler AG develops vacuum coating equipment and distributes through its own shipping and transportation services.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Application Trends Key physical vapor deposition applications are microelectronics, storage, and solar panels. These applications are expected to witness a moderate market growth in the forecast period. Microelectronics is an upcoming field that has seen noteworthy rise in last few years. Storage application has grown considerably owing to rapid industrialization in emerging economies.  Regional Trends North America is likely to witness a healthy share in the vacuum coating equipment market. The U.S. had been the biggest investor in renewable energy production, contributing 41% in the global share, Thus, the demand for solar applications in the region will be growing in the coming years, portraying bright prospects for market in the forecast timeframe.  Competitive Market Share The foremost manufacturers of vacuum coating equipment are Buhler AG, BCI Blösch Group, Kolzer SRL, Scientific Vacuum Systems Ltd. (SVS), ULVAC Inc., CVD Equipment Corporation, Semicore Equipment, Inc. Other small and medium scale manufacturers include PVD Products Inc., Applied Materials Inc., IHI Corporation, Singulus Technologies AG, T-M Vacuum Products Inc., AJA International, OC Oerlikon, Miba Coating Group. 360° Analysis

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