Albany - NY, Oct. 19, 2015 (GLOBE NEWSWIRE) -- The global physical vapor deposition market is exhibiting a 9.50% CAGR between 2013 and 2019. The market's recorded value in 2012 was US$10.94 bn. Owing to a presumably consistent CAGR, the global physical vapor deposition market will be valued at US$20.4 bn by the end of 2019, as stated in a recent research report released by Transparency Market Research. The report, titled "Physical Vapor Deposition Market (PVD Equipment, PVD Materials and PVD Services) for Microelectronics, Storage, Solar Applications, Medical Equipments, Cutting Tools and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", provides key information on the statistics of the market, along with its future feasibility and the influential factors that are expected to have an impact on it.
According to the report, the global physical vapor deposition market is set to grow due to an increasing demand from its end-use industries. This is considered to be the key driver for the global physical vapor deposition market within the report's forecast period.
Browse Research Report: http://www.transparencymarketresearch.com/physical-vapor-deposition.html
End-use industries such as medical equipment and microelectronics are expected to raise their demand for the global physical vapor deposition market in the near future. The report further explains that microelectronics are in huge demand in various applications including defense, medical, and computers. Each application requires the microelectronics to impart extremely high levels of precision to the system, along with improved efficiency, further driving the global physical vapor deposition market.
Other drivers explained in the report include the technological advancements that have allowed for a greater demand from the global physical vapor deposition market due to steady demand for microelectronics.
Restraints that threaten to hamper the global physical vapor deposition market, according to the report, include patent protection laws on existing PVD technologies. This could create difficulties for new entrants to expand in the global physical vapor deposition market, thereby reducing the chances of healthy market competition. Patent protection will significantly increase the initial investments required by new players, creating a scope for market monopoly.
Alternatives to acquiring current patented technologies include the use of newer technologies. It is mentioned in the report that the significant potential that solar applications show in the global physical vapor deposition market is currently restricted only by the limited R&D efforts carried out in this direction.
Key players in the global physical vapor deposition market are Semicore Equipment, ELVAC Technologies, Leybold Optics, KDF, Hauzer Coating Technology, Platit, Oerlikon Balzers, and AJA International.
The global physical vapor deposition market is elaborated according to industry segments, applications, and regions.
Among the three major industry segments, the global physical vapor deposition market was dominated by PVD equipment, which held 65% of the market in 2012. The PVD services segment is expected to be the fastest growing one, showing a CAGR of 9.70% in the report's forecast period.
In terms of application, the global physical vapor deposition market was led by microelectronics, while held 45% of the market in 2012. The fastest growing application segment is expected to be medical, estimated to grow at a 10.2% CAGR from 2013 to 2019.
Geographically, the global physical vapor deposition market was led and is expected to be driven by Asia Pacific. The Asia Pacific region held over 50% of the global physical vapor deposition market in 2012 and is expected to show a rise in demand over the next few years. The RoW region is expected to show a 9.70% CAGR in the given forecast period.
Key segments of the Global Physical Vapor Deposition Market
· Physical Vapor Deposition Market - Industry Segment Analysis,
o PVD Equipment
o PVD Materials
o PVD Services
· Physical Vapor Deposition Equipment Market - Application Analysis,
o Solar applications
o Medical equipments
o Cutting tools
o Others (Optics, flexible packaging, etc.)
· Physical Vapor Deposition Market - Regional Analysis,
o North America
o Asia Pacific
o Rest of the World (RoW)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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Source:Transparency Market Research