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Vacuum Coating Equipment Market Competitive Strategies, Regional Trends Analysis

Vacuum or thin-film coating technology is gaining significant traction for a variety of applications, such as solar panels, semiconductors, and optical lenses. The demand for vacuum coating equipment is therefore expected to surge, given the rapid digital transformation and the burgeoning sales of electronic devices.

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Vacuum Coating Equipment Market Competitive Strategies, Regional Trends Analysis

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  1. Vacuum Coating Equipment Market Competitive Strategies, Regional Trends Analysis and Forecast to 2027

  2. Industry Insights • Vacuum or thin-film coating technology is gaining significant traction for a variety of applications, such as solar panels, semiconductors, and optical lenses. The demand for vacuum coating equipment is therefore expected to surge, given the rapid digital transformation and the burgeoning sales of electronic devices. • Based on data from Inverted, smartphone shipments crossed 150 million units, while the shipments of 5G smartphones reached more than 4 million in India in 2020. Also, imports of electronic products totaled $50 billion in 2020, with exports reaching $950.17 million in May 2021. • Since thin film deposition is used as a unique fabrication process in the manufacturing of semiconductors, the persistent rise in electronic shipments could favor vacuum coating equipment market expansion.

  3. In developing countries, the sales of luxury vehicles are projected to increase. Mercedes-Benz India, for example, forecasted the sales of its top-of-the-line vehicles such as AMG, GLS, S-Class, and GLS Maybach to expand by 20% in 2022. Luxury wheel manufacturers utilize PVD coating as a finishing process since it is harder and corrosion-resistant than alternative processes like electroplating. • PVD (Physical Vapor Disposition) is becoming a widely adopted vacuum coating process, owing to its corrosion resistance and durability attributes. According to a Global Market Insights Inc. report, the vacuum coating equipment industry from the Physical Vapor Deposition (PVD) application segment will exceed $7 billion by 2028. • Solar energy is gradually starting to emerge as a major energy source to meet the decarbonization targets and is expected to reach its full potential over the years ahead. According to the International Energy Agency, solar panels are anticipated to provide nearly one-third of the electricity globally by 2050. • Furthermore, solar will likely account for over 45% of the electricity supply in the U.S. by 2050 through cost reductions, large-scale electrification, and supportive policies, as per the U.S. Department of Energy SETO (Solar Energy Technologies Office) and the NREL (National Renewable Energy Laboratory). Factors such as these are contributing to the development of the vacuum coating equipment market for solar panel applications.

  4. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/1397

  5. Competitive Analysis • Global Vacuum Coating Equipment Market growth will be positively affected by the notable presence of reputed organizations, such as PVD Products, Inc, BCI Blösch Group., IHI Corporation, Singulus Technologies AG Request for Customization @ https://www.gminsights.com/roc/5134

  6. Latest Research Report On Vacuum Coating Equipment Market @ https://www.gminsights.com/industry-analysis/vacuum-coating-equipment-market Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/1397 Request for customization @ https://www.gminsights.com/roc/1397

  7. THANK YOU www.gminsights.com

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