Global physical vapor deposition (PVD) market is anticipated to witness growth on account of rising importance of coatings in semiconductors, LED and storage systems. Semiconductor industry growth in China, South Korea, Japan and Singapore is anticipated to fuel PVD demand. Gaining popularity of microelectronics in semiconductor industry is expected to have a positive impact on PVD market. Rising importance of LED on account of being an energy efficient option in emerging markets of China and India is expected to promote market demand in the near future. Increasing demand for photovoltaic cells in solar industry is likely to augment PVD market growth over the forecast period.
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North America PVD market is expected to witness growth owing to semiconductor industry growth in Mexico due to favorable regulatory support for promoting new private investments at domestic level. Recovery of electronics industry in the U.S. is expected to have a positive impact on market for PVD in the near future. Growing production of LED televisions in Taiwan due to low manufacturing cost as compared to North America and Europe countries coupled with close proximity to promising markets of China and India is expected to promote PVD market over the forecast period.
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Key market players include Veeco Instruments, Applied Materials, Aixtron SE, Plasma-Therm, Lam Research, Tokyo Electron Ltd. Government of India framed favorable policies intended for promoting domestic semiconductor industry, which is expected to open new market avenues over the forecast period. In April 2013, Khaled Juffali Co. and Soiltec signed a Memorandum Of Understanding (MOU) for the manufacture and distribution of concentrated solar PV in Saudi Arabia. This strategy is expected to promote production of concentrated solar PV, which is anticipated to fuel PVD demand over the forecast period.
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