Chemical Vapor Deposition (CVD) Sensor Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Electronics, Micro Electronics, Solar Products, Coatings, Catalysis, Data Storage, Medical Equipment, Others), And By Geography - Forecasts From 2021 To 2026

Published:  Dec 2021 Report Code: KSI061611373 Pages: 114

The chemical vapor deposition (CVD) sensor market was valued at US$748.719 million in 2019 and is expected to grow at a CAGR of 10.58% over the forecast period to reach a total market size of US$1,513.753 million by 2026. 

A CVD method is used to produce high-quality and high-performance solid materials by using a chemical vapor deposition (CVD) method, usually under vacuum. The process is commonly used in semiconductors to produce thin films and is used in technologies such as smartphones, tablets, and PCs.

Many of the metals used in microelectronics are deposited using CVD methods, such as aluminum, copper, etc. In integrated circuits, copper CVD is usually used as a substitute. There is significant growth potential for Asia Pacific’s semiconductor industry, as industries sourcing semiconductors here are experiencing high demand. In recent years, the market has seen tremendous growth thanks to the rapid increase in the demand for microelectronics such as smartphones, laptops, storage devices, and other electronic devices. Regulatory support for foreign direct investment at the domestic level is boosting the growth of the market, especially in India and the rest of the Asia Pacific region. For instance, Electronic System Design & Manufacturing (ESDM) in India is broadly classified into two categories: electronic systems and electronics design. Market demand for electronics systems is expected to reach US$ 160 billion by FY25, 2.3x the size of its current size (FY19). A total of USD 30 billion was earned from the production of mobile devices in FY20. Among the largest consumer electronics and appliances industry in the world, India is expected to rise to fifth place in 2025. 

chemical vapor deposition (cvd) sensor market

The CVD process is one of the best methods for creating thin films of all three categories of electronics components - semiconductors, conductors, and insulators. It is also likely to drive this market during the forecast period since CVD is crucial in designing and processing advanced electronic conductors and insulators. The South Korean government has announced a massive effort to boost the country's semiconductor industry, saying investors will invest 510 trillion won ($451 billion) and companies will be given tax incentives to boost their competitiveness. Samsung Electronics plans to invest 171 trillion won ($151 billion) in non-memory chips through 2030, joining a flurry of companies ramping up investments due to a global semiconductor shortage.

chemical vapor deposition (cvd) sensor market

Growth Factors:

  • Boost in the consumer electronics industry in the Asia Pacific

In emerging economies around the Asia Pacific, rapid urbanization and industrial growth are expected to be the major driving forces. CVD services should benefit from a large increase in demand for CVD technology in microelectronics. Whilst China and India continue to lead the region's growth, smaller emerging economies such as Vietnam and Malaysia were burgeoning marketing hotspots. Due to its soaring foreign direct investment in electronics, India is expected to be a major growth market for CVD. As an example, In the first phase of its operations, the Japanese electronics brand AIWA will launch five products in the TWS (True Wireless Stereo) and audio segments, investing US$ 10 million over four years.

A target has been set by the Indian government to secure $1,800 million (US$ 2,4 billion) in investments in the electronics manufacturing segment before 2021-22. The Panasonic Life Solutions India, a wholly-owned subsidiary of Panasonic Corporation, announced in January 2021 that it would establish an electrical appliance manufacturing facility in Sri City, Andhra Pradesh, for an investment of Rs. 600 crores (US$ 82.34 million). Amazon announced on February 16, 2021, that it will manufacture electronics products from Chennai, India, with Cloud Network Technology, a Foxconn subsidiary. Several million 'Fire TV Stick devices are expected to be produced annually, meeting the demands of Indian customers. Private equity firm Warburg Pincus invested US$ 100 million in boAt, a maker of earphones and smart wear, in January 2021. Lenovo plans to start producing tablets in India in December 2020 and to increase laptop production by tenfold. Due to an increase in demand from the education segment and large enterprises, the company also expects to grow 25-30% in the current fiscal year.  The CVD market is expected to boom in the forecast period due to the investments made in the microelectronics segment.

Restrains:

  • Government legislation regarding F gases-

A challenge facing the market is investment expenditures and emission regulations for F-gases created by certain catalysts. For example, the European Union has legislation requiring routine checks, proper maintenance, and proper recovery of hazardous gases from existing equipment at the end of the equipment's life. The sale of important F-gases started from 2015, with a gradual reduction in sales to one-fifth of 2014 sales by the year 2030.

COVID-19 Impact on Chemical Vapor Deposition (CVD) Sensor Market

CVDs are widely used to produce consumer goods and microelectronics, so the emergence of Covid-19 severely disrupted the market. The market for Chemical Vapor deposition has been negatively impacted by supply disruptions and the shutdown of manufacturing capacities for months. Apple and Samsung faced supply issues in Vietnam because the country was on lockdown, causing manufacturing to be hindered.

Competitive Insights:

Several regional and global players dominate the CVD market. All the players are involved in competing to gain a leadership position in the global CVD market through partnerships, product developments, and market expansion.

  • April 2019 - CVD Equipment Corporation partnered with TAG Heuer, the Swiss watchmaker, to develop nanotechnology and carbon composites through Chemical Vapor Deposition (CVD).
  • As of May 2018, Aixtron, one of the world's leading chemical vapor deposition equipment providers for the semiconductor industry, delivered an MOCVD-based solution to their long-term customer Visual Photonics Epitaxy Co. Ltd (VPEC) in response to demand for AsP-based lasers.

Chemical Vapor Deposition (CVD) Sensor Market Scope:

Report Metric Details
 Market size value in 2019  US$748.719 million
 Market size value in 2026  US$1,513.753 million
 Growth Rate  CAGR of 10.58% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Million
 Segments covered  Application, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Applied Materials Inc., Ulvac Inc., Lam Research Corporation, Richter Precision   Inc., Tokyo Electron Limited, Oxford Instruments, Axitron, Veeco Instruments Inc.
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Application
    • Electronics
    • Micro Electronics
    • Solar Products
    • Coatings
    • Catalysis
    • Data Storage
    • Medical Equipment
    • Others
  • By Geography
    • North America
      • U.S.
      • Canada
      • Mexico
    • South America
      • Brazil
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Others
    • Middle East and Africa
    • Asia-Pacific
      • Japan
      • China
      • Taiwan
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the chemical vapor deposition sensor market size by 2026?
A1. The global chemical vapor deposition sensor market is expected to reach a total market size of US$1,513.753 million in 2026.


Q2. What is the size of the global chemical vapor deposition (CVD) sensor market?
A2. Chemical Vapor Deposition (CVD) Sensor Market was valued at US$748.719 million in 2019.


Q3. What are the growth prospects for the chemical vapor deposition sensor market?
A3. The chemical vapor deposition sensor market is expected to grow at a CAGR of 10.58% over the forecast period.


Q4. How is the global chemical vapor deposition (CVD) sensor market segmented?
A4. The 3D printing ceramics market has been segmented by application and geography.


Q5. What factors are anticipated to drive the chemical vapor deposition sensor market growth?
A5. The rapid increase in the demand for microelectronics such as smartphones, laptops, storage devices, and other electronic devices drives the chemical vapor deposition sensor market growth.

1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation


2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions


3. EXECUTIVE SUMMARY
3.1. Research Highlights


4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis


5. GLOBAL CHEMICAL VAPOR DEPOSITION (CVD) SENSOR MARKET, BY APPLICATION
5.1. Introduction
5.2. Electronics
5.3. Micro Electronics
5.4. Solar Products
5.5. Coatings
5.6. Catalysis
5.7. Data Storage
5.8. Medical Equipment
5.9. Others 


6. GLOBAL CHEMICAL VAPOR DEPOSITION (CVD) SENSOR MARKET, BY Geography
6.1. Introduction
6.2. North America
6.2.1. United States
6.2.2. Canada
6.2.3. Mexico
6.3. South America
6.3.1. Brazil
6.3.2. Others
6.4. Europe
6.4.1. Germany
6.4.2. France
6.4.3. United Kingdom 
6.4.4. Others
6.5. Middle East and Africa
6.6. Asia Pacific
6.6.1. China
6.6.2. South Korea
6.6.3. Taiwan
6.6.4. Japan
6.6.5. Others


7. COMPETITIVE ENVIRONMENT AND ANALYSIS
7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrative
7.3. Mergers, Acquisition, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix


8. COMPANY PROFILES
8.1. Applied Materials Inc.
8.2. Ulvac Inc.
8.3. Lam Research Corporation 
8.4. Richter Precision Inc.
8.5. Tokyo Electron Limited
8.6. Oxford Instruments
8.7. Axitron
8.8. Veeco Instruments Inc.

Applied Materials Inc.

Ulvac Inc.

Lam Research Corporation

Richter Precision Inc.

Tokyo Electron Limited

Oxford Instruments

Axitron

Veeco Instruments Inc.

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