Physical Vapor Deposition Market Growth Accelerated by Increased Adoption in Microelectronics
Physical vapor deposition (PVD) is a vacuum-based process that deposits thin films of material onto a substrate through vacuum condensation. PVD coatings are used for optical coatings, decorative coatings, hard wear-resistant coatings, and thin-film coatings for microelectronics. PVD coatings provide characteristics like wear and corrosion resistance, hardness, optical properties, electrical conductivity, and aesthetic appearance. The growing demand for miniaturization and the need for long-lasting reliability of microelectronic devices has increased the adoption of PVD in the microelectronics industry for deposition of thin films. The global Physical Vapor Deposition Market is estimated to be valued at US$ 18.09 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased adoption of PVD in the microelectronics industry is one of the key market tren