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Global Physical Vapor Deposition Market is Expected to Reach USD 20.45 Billion by 2019: Transparency Market Research
Date:7/18/2014

ALBANY, New York, July 18, 2014 /PRNewswire/ --


According to a new market report published by Transparency Market Research "Physical Vapor Deposition (PVD Equipment, PVD Materials and PVD Services) Market for Microelectronics, Storage, Solar Applications, Medical Equipments, Cutting Tools and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", the global PVD market was valued at USD 10.94 billion in 2012 and is expected to reach USD 20.45 billion by 2019, growing at a CAGR of 9.5% over the forecast period from 2013 to 2019.

Browse the full Physical Vapor Deposition Report at http://www.transparencymarketresearch.com/physical-vapor-deposition.html

The global PVD market is expected to witness rapid growth in the next few years due to growth in end-use industries such as microelectronics and medical equipment. Microelectronics is used in different applications such as computers, medical and defense. These applications require high precision and efficiency. Rising demand for technological advancements has led to increase in the microelectronics market, and thereby the PVD market. However, patent protected PVD technology may act as a barrier for the entry of new entrants and increase initial investment cost in the market. Solar applications have immense potential in the PVD market due to limited exploration in the segment.

Global PVD market is bifurcated into three key industry segments such as PVD equipment, PVD materials and PVD services. The three segments are estimated to grow significantly in the next few years due to operational benefits of PVD technology over other surface coating methods. PVD equipment was the largest segment with 65% of market share in 2012. PVD services is projected to be the fastest growing segment, expanding at a CAGR of 9.7% from 2013 to 2
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