Electron Beam Physical Vapor Deposition Coating Market Size, Share & Trends Analysis Report By Source (Single, Multiple), By Application (Thermal Barrier Coatings, Anticorrosive Coating, Others), By End User (Automotive, Medical, Electrical & Electronics, Power, Optical, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Market Overview

The global electron beam physical vapor deposition coating market size was valued at USD 2.02 billion in 2022. It is projected to reach USD 3.44 billion by 2031, growing at a CAGR of 6.1% during the forecast period (2023–2031). Additionally, the expanding applications of artificial intelligence (AI) are expected to increase demand for semiconductor components, creating new opportunities for the global market for electron beam PVD coatings.

The thin film coating created by the evaporated coating material deposited on the substrate under vacuum is known as electron beam physical vapor deposition (EB-PVD). Because the resulting film is only a few microns thick, the substrate's original properties are not compromised, and its thermal, electrical, and corrosion resistance is increased. The significant factors currently driving the global EB-PVD coatings market include increased healthcare spending by nations worldwide and investments in the electronics and semiconductor industries. The demand for medical equipment and devices will rise as more people access better healthcare facilities and health insurance. Additionally, the use of EB-PVD technology in thermal barrier coatings for automotive and power turbine applications has the potential to accelerate market growth further. Future opportunities for expanding the global electron beam physical vapor deposition (EB-PVD) coating market are anticipated to result from increasing investments in the electronics, automotive, and medical sectors. The main application for PVD coatings based on electron beams is the thin film coating of turbines for use in aerospace, automotive, and power generation applications. The demand for medical equipment and devices will rise as global healthcare spending rises.

Market Dynamics

Electron Beam Physical Vapor Deposition Coating Market Drivers

The Rise in Healthcare Expenditure

EB-PVD coating systems coat medical equipment and biomedical implants to increase substrate biocompatibility, achieve sterilization, and prevent corrosion. Thin film coating changes the surface properties of medical devices like dental tools, orthopedic implants, pacemakers, and surgical instruments without affecting the substrate properties or biomechanical functionality. The WHO predicts an increase in the population of older people in many nations, including Saudi Arabia, China, and Brazil. The region's fastest-growing age group is those who are over 60. The factors that have increased life expectancy are better healthcare facilities and improved lifestyles. Consequently, it is anticipated that demand for medical equipment and devices will increase during the forecast period. Additionally, according to the WHO, global healthcare spending has increased. Most nations are increasing the GDP share of healthcare spending to give their citizens better facilities.

Growth And Developments in The Global Electronics Industry

To metalize semiconductor parts for use in consumer electronics, micro-electro-mechanical systems, light emitting diodes, RF power amplifiers, and laser recorders, electron beam PVD coatings are frequently used. Mobile phones, wearable technology, medical equipment, and other electronic devices use MEMS-based sensors. Additionally, there has been an increase in demand for semiconductor coatings due to new developments in the electronics industry, like 5G and the Internet of Things (IoT).

Electron Beam Physical Vapor Deposition Coating Market Restraints

Availability Of Alternatives

Metal and dielectric coatings benefit from EB-PVD coatings. However, the use of planetary and masks affects how uniformly EB-PVD coatings are applied. A second axis for substrate rotation is provided by planetary fixturing, which contributes to the excellent uniformity of film thickness. The costs of investing go up as a result. Even resistive thermal evaporation can coat thin-film electronics, including OLEDs, solar cells, and thin-film transistors, which need to deposit metallic contact layers. At the highest rate of scalability, magnetron sputtering can deposit metallic or insulating coatings. Chemical vapor deposition (CVD) can coat inaccessible surface areas, whereas PVD is a "line of sight" technique that makes it less suitable for coating non-visible surfaces. CVD can create thin films with exceptionally high densities and purity. The method is affordable and allows for the simultaneous coating of many different elements. Due to this, electron beam PVD evaporation systems have limitations and drawbacks.

Electron Beam Physical Vapor Deposition Coating Market Opportunities

Development Of Plasma Spray-Physical Vapor Deposition (PS-PVD)

EB-PVD coatings produce thin films with anti-corrosion properties and substrate durability. Additionally, the coatings created are mightily strain-tolerant to thermal shocks. However, some disadvantages include the high investment cost and low deposition rate. A hybrid of atmospheric plasma spraying (APS) and EB-PVD systems has been created to address this drawback. High deposition rates and broad coverage areas are possible with plasma-activated EB-PVD, also known as PS-PVD or plasma spray-physical vapor deposition (PS-PVD), used to create coatings. With a quicker deposition time and lower coating cost, manufacturers can alter the process parameters and customize the coating microstructure. A 2018 paper claims that PS-PVD has received much attention lately due to its capacity to create a variety of specially designed coating microstructures and to meet current requirements for functional coatings.

Regional Analysis

Asia Pacific dominates the global market.

The global electron beam physical vapor deposition coating market is bifurcated into four regions: North America, Europe, Asia-Pacific, and LAMEA.

Asia Pacific is the largest shareholder in the global market and is expected to grow at a CAGR of 5.7% during the forecast period. China, Australia, India, Japan, and the rest of Asia-Pacific are all included in the Asia-Pacific electron beam physical vapor deposition coating market analysis. The rising local demand for smartphones, tablets, communication infrastructure, network hardware, and medical devices is boosting the demand for semiconductors in these nations. Additionally, the market for EB-PVD coatings in these regions may see opportunities for growth due to the rise in demand for automobiles like transport and passenger vehicles. Major ASEAN nations like Singapore, Thailand, Malaysia, Indonesia, and Singapore, as well as other nations in the APAC region, make up most of the rest of the APAC region. Due to their established electronics industries, Malaysia, Indonesia, and Singapore are particularly important to the electron beam PVD coating market. China has been investing significantly to become a global leader in developing semiconductor silicon chips, including DRAM, CPUs, and GPUs.

Europe is expected to grow at the fastest CAGR of 6.6% during the forecast period. The UK, Germany, France, Italy, Spain, and the rest of Europe are all included in the analysis of Europe's electron beam physical vapor deposition coating market. Germany is regarded as a cutting-edge center for microelectronics manufacturing and research. Germany produces one in three of the chips made in Europe. This places Germany in a position to significantly contribute to expanding the electron beam PVD coatings market. One of the most significant trade associations in the UK, the Society of Motor Manufacturers and Traders, claims that the UK automotive industry contributes £18.6 billion to the UK economy and generates more than £82 billion in annual revenue. In the UK, more than 30 manufacturers work with 2,500 component suppliers and some of the most talented engineers to produce more than 70 vehicle models.

Segmental Analysis

The market is segmented by source, application, and end user.

Based on the source, the global market is bifurcated into single and multiple.

The multiples segment is the highest contributor to the market and is forecasted to grow at a CAGR of 5.3% during the forecast period. There are multiple evaporator pockets in a multiple electron beam, also known as a multi-pocket electron beam source. These pockets could be rotary or linear in design. Additionally, it can be found in systems for high vacuum, near ultra-high vacuum (UHV), and linear UHV deposition. Applications requiring multi-layer deposition use multi-pocket electron beam sources, which come in sizes ranging from 4 to 16 pockets and troughs. It offers crucible pocket sizes ranging from 15 cm to 1486 cm in a wide variety.

Based on application, the global market is bifurcated into thermal barrier coatings, anti-corrosive coatings, and others.

The thermal barrier coatings segment is the highest contributor to the market and is expected to grow at a CAGR of 5.5% during the forecast period. Thin film coating systems called thermal barrier coatings (TBCs) are made to protect components from intense and prolonged heat loads. It is typically used in gas turbines, automobile parts, or aero-engine components that frequently operate at high temperatures. In some turbine applications, the 100- to 2-mm-thick coatings allow working fluid temperatures to be higher than the melting point of the metal airfoil. TBCs lengthen the life and improve the efficiency of turbines. They have the potential to significantly raise the efficiencies of both stationary gas turbines and aero engines. As a result, they are frequently used in the aerospace industry.

Based on end users, the global market is bifurcated into automotive, medical, electrical & electronics, power, optical, and others.

The medical segment is the highest contributor to the market and is expected to grow at a CAGR of 7.1% during the forecast period. On joint implants, heart pumps, catheters, and pacemaker electrodes, PVD is used for biomedical coatings. Using the electron beam deposition (EBD) technique, a hydroxyapatite (HAp) coating, frequently used for dental and orthopedic prostheses, was created. Iridium and platinum, two noble metals, are the materials used to coat electrodes in medical applications. These metals are highly effective as coatings for the neuro and cardiac microelectrodes because they have all the qualities above and the necessary electrochemical traits. One of the coating methods currently in use for the deposition of noble metal materials on the electrodes for medical applications is electron beam PVD. Orthopedic implants, surgical instruments, and pacemakers are just a few examples of medical and dental equipment that now frequently uses wear-resistant PVD coatings.

Recent Developments

• December 2022, In addition to announcing new products that will speed up chipmakers' development of the most cutting-edge process nodes in the market, Applied Materials will also discuss its most recent advancement in eBeam technology. We will also discuss how the eBeam market is expanding due to rising chip complexity.

• In May 2022, Oerlikon Metco expanded its online ordering platform to its European customers after the launch and customer adoption of its US-focused e-commerce site.