The PVD deposition equipment market reached USD 2.01 billion in 2015 and is expected to generate USD 3.55 billion by 2020. The market will grow due to the expanding LED and memory markets. The LED market is likely to expand extensively in the emerging markets of China, Thailand, Russia, and India, as these countries are creating awareness of energy conservation by introducing energy-efficient bulbs and other electrical and electronic systems.
This will have a positive impact on the PVD equipment market. Wafer fab capacity is being expanded in China, South Korea, and Japan due to growth in the 3D NAND and DRAM markets. “Some of the application areas of PVD include cutting tools, the storage industry, and microelectronics, where products are coated with thin metallic layers in order to increase their life spans. This increases the demand for PVD equipment,” says Asif Gani, a lead analyst at Technavio for semiconductor equipment.
Photo by Nick Ares