The chemical vapor deposition (CVD) sensor market was valued at US$716 million in 2020 and is expected to grow at a CAGR of 12.63% over the forecast period to reach a total market size of US$1,646.712 million by 2027.
A CVD method is used to produce high-quality and high-performance solid materials by using a chemical vapour 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 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. The market for electronics systems is expected to grow to $160 billion by FY25, or 2.3 times 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 industries in the world, India is expected to rise to fifth place in 2025.
The CVD process is one of the best methods for creating thin films of all three categories of electronic 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 ($151 billion) in non-memory chips through 2030, joining a flurry of companies ramping up investments due to a global semiconductor shortage.
Rapid urbanisation and industrial growth are expected to be the major driving forces in emerging economies around the Asia-Pacific region. CVD services should benefit from a large increase in demand for CVD technology in microelectronics. While China and India continue to lead the region's growth, smaller emerging economies such as Vietnam and Malaysia are burgeoning marketing hotspots. Due to its soaring foreign direct investment in electronics, India is expected to be a major growth market for CVD. As an example, in the first phase of its operations, the Japanese electronics brand AIWA will launch five products in the TWS (True Wireless Stereo) and audio segments, investing US$ 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. 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 in 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 by 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.
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 its life. The sale of important F-gases started in 2015, with a gradual reduction in sales to one-fifth of 2014 sales by the year 2030.
The Impact of COVID-19 on the 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 vapour 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.
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.
A CVD method is used to produce high-quality and high-performance solid materials by using a chemical vapour 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 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. The market for electronics systems is expected to grow to $160 billion by FY25, or 2.3 times 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 industries in the world, India is expected to rise to fifth place in 2025.
The CVD process is one of the best methods for creating thin films of all three categories of electronic 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 ($151 billion) in non-memory chips through 2030, joining a flurry of companies ramping up investments due to a global semiconductor shortage.
Growth Factors
Boost in the consumer electronics industry in the Asia-Pacific
Rapid urbanisation and industrial growth are expected to be the major driving forces in emerging economies around the Asia-Pacific region. CVD services should benefit from a large increase in demand for CVD technology in microelectronics. While China and India continue to lead the region's growth, smaller emerging economies such as Vietnam and Malaysia are burgeoning marketing hotspots. Due to its soaring foreign direct investment in electronics, India is expected to be a major growth market for CVD. As an example, in the first phase of its operations, the Japanese electronics brand AIWA will launch five products in the TWS (True Wireless Stereo) and audio segments, investing US$ 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. 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 in 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 by 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.
Restraints:
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 its life. The sale of important F-gases started in 2015, with a gradual reduction in sales to one-fifth of 2014 sales by the year 2030.
The Impact of COVID-19 on the 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 vapour 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 vapour 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.
Market 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 about the Global Chemical Vapor Deposition (CVD) Sensor Market
What is the estimated value of the Global Chemical Vapor Deposition (CVD) Sensor Market?
What is the growth rate of the Global Chemical Vapor Deposition (CVD) Sensor Market?
What is the forecasted size of the Global Chemical Vapor Deposition (CVD) Sensor Market?
Who are the key companies in the Global Chemical Vapor Deposition (CVD) Sensor Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 124 |
| Published | March 2022 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 716 million |
| Forecasted Market Value ( USD | $ 1646.71 million |
| Compound Annual Growth Rate | 12.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
Table of Contents
1. INTRODUCTION1.1. Market Definition1.2. Market Segmentation
2. RESEARCH METHODOLOGY2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY3.1. Research Highlights
4. MARKET DYNAMICS4.1. 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 VAPOUR DEPOSITION (CVD) SENSOR MARKET, BY APPLICATION5.1. 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 VAPOUR DEPOSITION (CVD) SENSOR MARKET, BY Geography6.1. 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 ANALYSIS7.1. Major Players and Strategy Analysis
7.2. Emerging Players and Market Lucrativeness
7.3. Mergers, Acquisition, Agreements, and Collaborations
7.4. Vendor Competitiveness Matrix
8. COMPANY PROFILES8.1. 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.
Companies Mentioned
- Applied Materials Inc.
- Ulvac Inc.
- Lam Research Corporation
- Richter Precision Inc.
- Tokyo Electron Limited
- Oxford Instruments
- Axitron
- Veeco Instruments Inc.
