Global Deposition Equipment Market Expected to Reach US$25.77 Billion in 2023, Surging at a CAGR of 13.75%.
M2 PRESSWIRE-October 26, 2023-: Global Deposition Equipment Market Expected to Reach US$25.77 Billion in 2023, Surging at a CAGR of 13.75%
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RDATE:26102023
The "Global Deposition Equipment Market (by Type, Application, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)" report has been added to ResearchAndMarkets.com's offering.
The global deposition equipment market is poised to achieve significant growth, with a predicted value of US$25.77 billion in 2023, representing a remarkable Compound Annual Growth Rate (CAGR) of 13.75% during the forecast period.
Understanding Deposition
Deposition, the process of applying a coating of material onto a surface, encompasses various techniques, including atom adsorption, atom diffusion on the wafer surface, and coalescence at crucial spots.
Key Industry Insights
Deposition plays a pivotal role in the production of a diverse range of opto-electronic, solid-state, and medical equipment and products, such as consumer electronics, semiconductor lasers, fiber lasers, LED displays, optical filters, compound semiconductors, and more. The adoption of deposition equipment is driven by several key factors:
Segment Breakdown
By Type: The global deposition equipment market is categorized into eight segments: PECVD, Sputtering PVD, Tubular CVD, Non-tubular LPCVD, ALD, MOCVD, Electroplating ECD, and Other. Notably, the PECVD segment dominates the market, driven by its optical clarity, versatility, and eco-friendly advancements.
By Application: The market can be divided into six key application segments: Semiconductor & Microelectronics, Solar Products, Data Storage, Medical Equipment, Cutting Tools, and Other. The Semiconductor & Microelectronics segment holds the largest market share, driven by increased productivity and cost-efficiency. The Solar Products segment is expected to be the fastest-growing segment, primarily due to its potential for reducing production costs and harnessing renewable energy resources.
Geographic Coverage
The global deposition equipment market extends across four major regions: Asia Pacific, North America, Europe, and the Rest of the World. The Asia Pacific region dominates the market, with China leading the way, driven by economic growth, demand for microelectronics, and the rise of electric/hybrid vehicles. North America is anticipated to witness rapid growth, particularly in the United States, due to the focus on smart home...
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