The global CVD equipment market was US$ 4.9 billion in 2021. The global CVD equipment market is forecast to grow to US$ 8.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030. 

Factors Influencing the Market

The wide application of CVDs in solar panels will offer lucrative growth opportunities. Governments of various nations are focusing on the ways to boost the use of sustainable solutions. In addition, the growing popularity of solar panels to cater to the growing electricity demands of the population will fuel the growth of the global CVD equipment market. 

The semiconductor industry is another driving force for the global CVD equipment market. In addition, growing technological development and rising demand for cost-efficient technology will contribute to the growth of the global CVD equipment market.

The growing demand for autonomous vehicles will escalate the growth of the CVD equipment market. On the contrary, the poisonous gases used in CVD equipment may limit the growth of the overall CVD equipment market. 

Growing urbanization and rising employment rate will expand the demand for luxury products. Thus, this may upsurge the demand for CVD equipment in the coming years. 

Regional Analysis

The Asia-Pacific CVD equipment market is forecast to grow at the highest growth rate due to the growing production of semiconductor equipment. South Korea is considered to be one of the largest markets, which are expected to surge the demand for semiconductor equipment. In addition, the region is a hub for electronic gadgets, which is likely to upsurge the demand for CVD equipment during the study period. China is forecast to account for one of the largest markets for CVD equipment due to the growing production of electronics equipment and the growing automotive industry. Furthermore, stringent regulations by government bodies to curb vehicular pollution will offer ample growth opportunities for the CVD equipment market during the study period. 

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has been a negative situation for the entire CVD equipment market. The end-user industries of CVD equipment, such as automotive and electronics, witnessed a sudden downfall in terms of revenue. Thus, it also impacted the revenue growth of the global CVD equipment market. In addition, the largest market of CVD equipment, such as China, witnessed a drastic influence of the pandemic. Due to this, the government had to impose a nationwide lockdown to control the situation. Manufacturing units were also shut down due to this. As a result, the wake of the pandemic negatively affected the global CVD equipment market. 

Competitors in the Market

• Lam Research Corporation
• Applied Materials Inc.
• Tokyo Electron Limited
• CVD Equipment Corporation
• IHI Corporation
• ASM International
• Hitachi Kokusai Electric Inc.
• Jusung Engineering Co. Ltd.
• Aixtron
• Veeco Instruments Inc. 
• UlVAC Inc.
• Other Prominent Players

Market Segmentation

The global CVD equipment market segmentation focuses on Memory, Technology, and Region. 

By Memory

• DRAM
• NAND
• Others

By Technology

• Plasma Enhanced (PE) CVD
• Low Pressure (LP) CVD
• Metal-Organic (MO) CVD
• Atmospheric Pressure (AP) CVD
• Others

By Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America