India Physical Vapor Deposition Market Size & Outlook
India physical vapor deposition market, 2018-2030 (US$M)
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India physical vapor deposition market highlights
- The India physical vapor deposition market generated a revenue of USD 137.9 million in 2023 and is expected to reach USD 248.6 million by 2030.
- The India market is expected to grow at a CAGR of 8.8% 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 137.9 million |
| Market revenue in 2030 | USD 248.6 million |
| Growth rate | 8.8% (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, India accounted for 4.6% 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 Asia Pacific, China physical vapor deposition market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 248.6 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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India 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 47.79% in 2023. Horizon Databook has segmented the India 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.
The increasing utilization of renewable energy resources is driving the demand for solar panels and fuel cells, which, in turn, is expected to drive the demand for thin film coatings. For instance, in May 2021, the Indian Renewable Energy Development Agency Limited invited bids from solar module companies to set up manufacturing units.
This indicates a major push by the government toward domestic manufacturing, resulting in increased demand for PVD coating over the forecast period. India continued its foray into the semiconductor business in 2022 and is striving to become one of the largest global producers catering to critical applications, as well as the high-volume automotive industry.
According to Invest India, there are 750-800 medical device manufacturers in India, accounting for roughly 65% of the global market. Thus, the growing medical devices market in India is expected to drive the demand for PVD over the forecast period.
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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 India physical vapor deposition market , including forecasts for subscribers. This country databook contains high-level insights into India physical vapor deposition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India physical vapor deposition market size, by product, 2018-2030 (US$M)
India Physical Vapor Deposition Market Outlook Share, 2023 & 2030 (US$M)
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