The vapor deposition market was USD 44.4 billion in 2023, which will increase to USD 85.1 billion, advancing at a 9.9% CAGR, by 2030.
This can be mainly because of the developments of the electronics & solar power sectors and the mounting need for semiconductors in vehicles. Furthermore, the rising requirement for medical devices, the growing LED device sector, and different environmental rules boost this industry.
Moreover, the growing semiconductor sector is also a key driver for the industry expansion. Semiconductors are essential in nearly every sector, including automotive, consumer electronics, and medical equipment, assisting realize the ideas of a smart city.
The chemical deposition category, based on process, led the industry in 2023, with a 70% share, and it will remain leading throughout this decade. This can be because of the swift advancement in the chemical vapor deposition technology, which boosts its acceptance across different applications.
The equipment & film coating category, based on application, was the largest contributor to the vapor deposition market in 2023, with a 30% share. Moreover, the category will remain the largest throughout this decade. This can be primarily because of the surging need for finishing on semiconductor substrates.
The electrical & electronics category, based on end user, accounted for the largest share of the industry in 2023, of 30%. Moreover, the category will further advance at a strong rate in the years to come. The largest share of the category is because of the increasing need for electronics and electrical components across different sectors.
APAC was the largest contributor to the industry in 2023, with approximately 60% share. Moreover, the regional industry will further advance at a strong rate in the years to come. This can be because the region has a widespread manufacturing capacity for automotive as well as automotive parts, solar PV modules, and semiconductors.
Furthermore, the rising pace of growth in the electrical & electronics sector in APAC particularly displays and microelectronics of TVs, computers, and smartphones, boosted the expansion.
North America will advance at the fastest rate in the years to come, primarily because of the constant industrialization in this region. In addition, governments in both Canada and the U.S. are taking initiatives to boost semiconductor production in this region.
With the rising requirement for semiconductors in automobiles, the vapor deposition industry will continue to grow in the years to come.
