Dublin, April 26, 2024 (GLOBE NEWSWIRE) -- The "Chemical Vapour Deposition Equipment Market Report by Technology, Application, End User, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global chemical vapour deposition (CVD) equipment market has achieved a value of US$ 30.5 Billion in 2023. With steady technological advancements and increasing applications across various sectors, the market is projected to grow significantly, reaching a value of US$ 58.3 Billion by 2032. The compound annual growth rate (CAGR) is expected to be 7.5% during the forecast period from 2023 to 2032. The market growth is primarily driven by a robust electronics industry, escalating demand for medical applications, and substantial investments in research and development.
The chemical vapor deposition equipment market has been segmented on the basis of technology into Plasma Enhanced CVD (PECVD), Low Pressure CVD (LPCVD), Metal Organic CVD (MOCVD), Atmospheric Pressure CVD (APCVD), among others. The LPCVD segment is the frontrunner attributed to its widespread utilization in the production of high-quality films. From an application perspective, the market is classified into coatings, electronics, catalysis, and other fields. Electronics emerge as the largest application segment, benefiting from the soaring demand for sophisticated electronic components like transistors, sensors, and microchips. End User and Regional Insights
Further division of the market based on end users includes memory, foundry, IDM, and logic sectors. The foundry segment currently leads the market, banking on the growing requirement for comprehensive semiconductor solutions. Regionally, the report examines the CVD equipment market across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific region captures the highest market share due to the mounting demand in medical applications, ongoing R&D activities, and swift technological progress. Industry Progress and Competitive Landscape
The chemical vapour deposition equipment market is witnessing continuous growth with the introduction of innovative solutions like multi-chamber CVD equipment, which enhances manufacturing efficiency and reduces production time. The competitive landscape is dynamic, with key players contributing to the market progression through advancements and expansions. The market report provides a comprehensive assessment of the global chemical vapour deposition (CVD) equipment market along with a strategic review of the key players who are at the forefront of driving innovation and growth within the industry. Future Market Dynamics
The chemical vapour deposition (CVD) equipment market's forward momentum is facilitated by various factors, including advancing CVD technologies for coating applications, increasing electronic device manufacturing, and significant applications in solar cell production. Additionally, government initiatives to promote domestic production are giving further impetus to market progress. As the industry navigates through technological transformations and increasing applications, the chemical vapour deposition (CVD) equipment market holds promising prospects for stakeholders across the globe in the foreseeable future.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 147 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (US$) in 2023 | US$30.5 Billion |
| Forecasted Market Value (US$) by 2032 | US$58.3 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
Companies Featured
- Aixtron SE
- Applied Materials Inc.
- CVD Equipment Corporation
- IHI Corporation
- Jusung Engineering Co. Ltd.
- Lam Research Corporation
- Oxford Instruments plc
- Plasma-Therm LLC
- ULVAC Inc.
- Veeco Instruments Inc.
For more information about this report visit https://www.researchandmarkets.com/r/7szxr1
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