Canada Physical Vapor Deposition Market Size & Outlook
Canada physical vapor deposition market, 2018-2030 (US$M)
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Canada physical vapor deposition market highlights
- The Canada physical vapor deposition market generated a revenue of USD 38.9 million in 2023 and is expected to reach USD 65.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, sputter deposition was the largest revenue generating product in 2023.
- Arc Vapor Deposition is the most lucrative product segment registering the fastest growth during the forecast period.
Physical vapor deposition market data book summary
| Market revenue in 2023 | USD 38.9 million |
| Market revenue in 2030 | USD 65.7 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Sputter deposition |
| Fastest growing segment | Arc Vapor Deposition |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermal Evaporation, Sputter Deposition, Arc Vapor Deposition |
| Key market players worldwide | Applied Materials Inc, Advanced Energy Industries Inc, OC Oerlikon Corp AG, Pfaffikon ADR, Angstrom Engineering, Kurt J. Lesker Company, Voestalpine AG, IHI Corp, Kobe Steel Ltd |
Other key industry trends
- In terms of revenue, Canada accounted for 1.3% of the global physical vapor deposition market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. physical vapor deposition market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 86.6 million by 2030.
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Physical Vapor Deposition Market Scope
Physical Vapor Deposition Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada physical vapor deposition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to physical vapor deposition market will help companies and investors design strategic landscapes.
Sputter deposition was the largest segment with a revenue share of 48.59% in 2023. Horizon Databook has segmented the Canada physical vapor deposition market based on thermal evaporation, sputter deposition, arc vapor deposition covering the revenue growth of each sub-segment from 2018 to 2030.
Canada's commitment to fostering innovation in the semiconductor space is evident through its investments in research and development. The country is home to several leading research institutes focusing on semiconductors and nanotechnology, such as the National Institute for Nanotechnology (NINT) and the Waterloo Institute for Nanotechnology (WIN).
PVD plays a critical role in the semiconductor industry by precisely depositing thin films on silicon wafers, facilitating the development of advanced integrated circuits and microelectronic devices. According to the 2022 Canadian Solar Report released by the Canadian Renewable Energy Association (CanREA), the solar energy sector has experienced substantial growth in recent years.
The escalating demand for solar products are projected to boost the PVD market demand in the forecast period. Moreover, the emphasis on renewable energy sources, particularly in solar applications, drives the need for PVD coatings to enhance the efficiency and longevity of solar panels.
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Our clientele includes a mix of physical vapor deposition market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada physical vapor deposition market , including forecasts for subscribers. This country databook contains high-level insights into Canada physical vapor deposition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada physical vapor deposition market size, by product, 2018-2030 (US$M)
Canada Physical Vapor Deposition Market Outlook Share, 2023 & 2030 (US$M)
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