China National Building Material Co., Ltd. and Singulus Technologies Collaborated To Create Innovative Vacuum Coating Equipment
In May 2021, to create new vacuum coating equipment based on CdTe Thin-Film Technology, China National Building Material Co., Ltd. and Singulus Technologies, a manufacturing business with headquarters in Germany, joined forces. In order to cut expenses associated with production, improve cell performance, and increase output, SINGULUS TECHNOLOGIES and CNBM have decided to work together on developing and delivering new coating equipment.
Advancement in Technology to Boost Market Growth
Technological innovation is one of the main factors propelling the market for vacuum coating machines. Vacuum coating machine efficiency and performance are being improved by manufacturer investment in R&D, which is increasing demand and luring more clients. Manufacturers are integrating cutting-edge automation and control systems into vacuum coating machines to boost output, cut waste, and increase efficiency. These methods make it possible to precisely regulate the deposition procedure, producing more consistent and uniform coatings. Moreover, improvements in coating materials have given rise to brand-new coatings with enhanced qualities like increased toughness, wear resistance, and biocompatibility. For the application of these novel coatings to various substrates, vacuum coating machines are necessary.
Availability of Alternate Technology to Limit Market Expansion
One significant aspect that may serve as a barrier to developing the market for vacuum coating machines is the presence of alternative technologies. There are alternative technologies available that can give similar advantages to vacuum coating machines, which have a number of advantages over conventional coating techniques. For instance, electroplating is one conventional coating technique that can be used to coat substrates. Particularly for low-volume production runs or for situations where the coating thickness requirements are less strict, electroplating can be a more affordable alternative to vacuum coating. Physical vapor deposition (PVD) and chemical vapor deposition (CVD) are alternatives that can also be utilised to put thin coatings on surfaces.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the vacuum coating machines market plan acquisitions to improve their brand recognition globally. For instance, in October 2021, Kanthal was purchased by YES (Yield Engineering Systems, Inc.), a US-based process equipment manufacturer, for an unknown sum. With this acquisition, YES's expanding thermal processing capability will have access to Kanthal's high-temperature (>800 °C) furnace expertise and Low-Pressure Chemical Vapor Deposition (LPCVD) technology. A US-based company called Kanthal Corporation makes vacuum coating machinery.
List of Key Players Profiled in the Report
- Applied Materials
- Lam Research
- Aixtron SE
- Von Ardenne
- The market in the Asia Pacific is expected to gain a huge portion of the global Vacuum coating machines market share in the coming years. The rising demand for sensors and anti-counterfeiting technologies is what fuels this region's growth.
- The regional market will continue to rise as a result of the expanding industrial sector and rising R&D spending.
- In North America, the growth in this region is primarily driven by increasing government initiatives and investment in digital skills.
|Market Size in 2022
|USD 24.9 Billion
|Market Forecast in 2030
|USD 37.2 Billion
|Compound Annual Growth Rate
|Revenue (USD Million) and Volume (Kilo Tons)
|By Product Type, By Process, By Application and By Geography
|By Product Type