Middle East & Africa Physical Vapor Deposition Market Size & Outlook
Middle East & Africa physical vapor deposition market, 2018-2030 (US$M)
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MEA physical vapor deposition market highlights
- The MEA physical vapor deposition market generated a revenue of USD 138.0 million in 2023.
- The market is expected to grow at a CAGR of 7.1% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 138.0 million |
| Market revenue in 2030 | USD 222.4 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Sputter deposition |
| Fastest growing segment | Arc Vapor Deposition |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 4.6% of the global physical vapor deposition market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,229.3 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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Middle East & Africa 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 47.61% in 2023. Horizon Databook has segmented the Middle East & Africa 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 MEA countries are experiencing rapid development due to ongoing industrialization and urbanization, resulting in an increased demand for semiconductor based products such as advanced machinery, computers, and consumer goods.
The semiconductor industry is one of the primary drivers of the PVD market in this region. Countries like Saudi Arabia and the UAE have been investing in semiconductor manufacturing, which leads to a rising demand for PVD for the production of advanced semiconductor devices.
Additionally, the countries of the Middle East & Africa are delving into solar technologies, such as thin-film solar cells that employ PVD techniques. This has spurred the requirement for PVD equipment in solar energy applications in the region.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa physical vapor deposition market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa physical vapor deposition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA physical vapor deposition market size, by country, 2018-2030 (US$M)
Middle East & Africa Physical Vapor Deposition Market Outlook Share, 2023 & 2030 (US$M)
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