Chemical Vapor Deposition (CVD) Market Size, Share, Opportunities, And Trends By Type of CVD Process (Thermal CVD, Plasma-Enhanced CVD, Low-Pressure CVD, Metal-Organic CVD), By End Use Industry (Electronics, Automotive, Aerospace and Defense, Energy, Medical), And By Geography - Forecasts From 2025 To 2030

The chemical vapor deposition (CVD) market is estimated to grow from US$23.876 billion in 2025 at a CAGR of 9.31% to US$37.254 billion in 2030.

Chemical Vapour Deposition (CVD) is a broad category of thin film deposition processes frequently utilized in manufacturing high-quality, high-performance solid coatings or polymers. While the exact number of CVD processes can vary significantly, they all have a common feature: a chemical reaction involving a gaseous precursor induced by heat or plasma, forming a dense thin film on a substrate.

This is a highly versatile and rapid method for growing extremely dense, pure coatings with uniform thickness. In thermal CVD, the substrate is heated, and a precursor reactant gas is introduced into the deposition chamber. This gas may either be directly absorbed onto the surface of the substrate to be coated or form an intermediate reactant in the gas phase, which is then deposited onto the substrate. The processes are operated at high temperatures and reduced atmospheric pressure.

What are the drivers of the chemical vapor deposition (CVD) market?

• Growing demand from the electronics industry

Demand for electronic devices is becoming increasingly high for the CVD market, as their use in the daily life of human beings has continued to increase over the years because of their increasing importance with upgraded technology. The demand for electronic components, such as integrated circuits, displays, and sensors, is growing fast because of the mushrooming sales of smartphones, tablets, laptops, and other consumer electronic devices, which often require materials made by CVD for their fabrication. In line with this, India will become the global semiconductor leader, with demand projected to surpass $80 billion by 2026. The Indian government is also focusing on building a strong semiconductor manufacturing environment.

Moreover, the Internet of Things has become extremely popular. It entails many connected devices, from smart homes to wearables, industrial sensors, and automotive electronics, which involve innumerable electronic components that rely on CVD processes. 

The increase in 5G networks will lead to an upsurge in demand for high-performance electronic components, such as radio frequency (RF) modules and antennas, typically fabricated using CVD-based materials. According to Cisco, in 2023, more than 70% of the world was connected to the internet through a mobile device at a rate of 14.7 billion machine-to-machine connections, enabling applications such as connected autos and smart home devices. CVD-based materials demand is being driven by the increasing number of electronic components installed in vehicles, including infotainment systems, driver assistance features, and systems for autonomous driving.

• Advancements in Technology

Technological advancements have played a pivotal role in influencing the CVD market as they allowed for the production of materials of better quality, with improvements in properties and an extension of application fields. New materials, including graphene, carbon nanotubes, and perovskites, have been developed, enabling new applications in electronics, energy storage, and optoelectronics.

Advances in CVD equipment, including plasma-enhanced CVD (PECVD) and atomic layer deposition (ALD), have improved process control and produced highly conformal and uniform films. Real-time monitoring, modeling, and simulation, and efforts to improve energy efficiency, have further optimized CVD processes, resulting in higher-quality materials and reduced costs. These technological advancements have expanded the capabilities of CVD and driven market growth, making it a vital technology for various industries.

Major challenges hindering the chemical vapor deposition market growth:

Major concerns for the CVD market are high-priced equipment, too expensive for smaller companies. Additionally, the material restrictions limit substrate and precursor choices, making applications cumbersome. Operational costs increase due to health and safety concerns associated with hazardous materials. Alternatives like PVD and ALD threaten market share. Moreover, supply chain vulnerabilities and technological advancements could reduce industry growth in mature regions.

What are the key geographical trends shaping the chemical vapor deposition (CVD) market?

By geography, the chemical vapor deposition market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Asia-Pacific is the largest market for CVD, and the region's most important consumers include China, Taiwan, South Korea, and Japan.

The fast-growing industrialization of the electronics and automotive sectors has been a significant driver of demand for CVD-based materials and technologies. In line with this, domestic electronics production was valued at $101 billion in FY23 and is divided into the following categories (based on FY22 data): mobile phones (43%), IT hardware (5%), consumer electronics (12%), strategic electronics (5%), industrial electronics (12%), wearables and hearables (0.3%), PCBA (0.7%), auto electronics (8%), LED lighting (3%), and electronic components.

North America also has a high share due to mature industries and strong research capabilities in aerospace, automotive, and electronics in the United States. Europe, Germany, and the UK emphasize innovation and advanced materials, which contribute to this market. Emerging markets like India, Brazil, and Russia are also fueling the industry and are part of the process of accelerating industrialization; CVD, therefore, has great potential, especially in specific industries.

Chemical vapor deposition (CVD) market key developments: 

The market leaders for chemical vapor deposition are Adeka Corporation, Aixtron SE, Applied Materials, Inc., ASM International NV, and CVD Equipment Corporation. These key players implement growth strategies such as product launches, mergers, acquisitions, etc., to gain a competitive advantage. For Instance,

• In November 2023, Veeco Instruments Inc. shipped its first IBD300TM Ion Beam Deposition (IBD) System to a Tier 1 memory customer for evaluation. With the launch of this product, Veeco introduced a differentiated deposition technology to the semiconductor industry that is expected to enable the industry's roadmap.
• In June 2023, CVD Equipment Corporation, a leading provider of chemical vapor deposition and thermal process equipment, announced that they received a second order for a production system from U.S.-based electric vehicle battery material technology provider, OneD Battery Sciences, including a PowderCoat1104™ system and components for approximately $1.8 million.

The chemical vapor deposition (CVD) market is segmented and analyzed as follows:

• By Type of CVD Process
  • Thermal CVD
  • Plasma-Enhanced CVD
  • Low-Pressure CVD
  • Metal-Organic CVD
• By End Use Industry
  • Electronics
  • Automotive
  • Aerospace and Defense
  • Energy
  • Medical
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Rest of the Middle East and Africa
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Rest of Asia-Pacific

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.1.1. Growing Demand from the Electronics Industry

4.1.2. Advancements in Technology

4.2. Market Restraints

4.2.1. High Equipment Cost

4.2.2. Competition from Alternative Methods

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. CHEMICAL VAPOR DEPOSITION (CVD) MARKET BY TYPE OF CVD PROCESS

5.1. Introduction

5.2. Thermal CVD

5.3. Plasma-Enhanced CVD

5.4. Low-Pressure CVD

5.5. Metal-Organic CVD

6. CHEMICAL VAPOR DEPOSITION (CVD) MARKET BY END-USER INDUSTRY

6.1. Introduction

6.2. Electronics

6.3. Automotive

6.4. Aerospace and Defense

6.5. Energy

6.6. Medical

7. CHEMICAL VAPOR DEPOSITION (CVD) MARKET BY GEOGRAPHY

7.1. Global Overview

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Rest of South America

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Italy

7.4.5. Spain

7.4.6. Rest of Europe

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. United Arab Emirates

7.5.3. Rest of the Middle East and Africa

7.6. Asia-Pacific

7.6.1. China

7.6.2. India

7.6.3. Japan

7.6.4. South Korea

7.6.5. Taiwan

7.6.6. Thailand

7.6.7. Indonesia

7.6.8. Rest of Asia-Pacific

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. CVD Equipment Corporation

9.2. PVD Products

9.3. Applied Materials

9.4. Gelest, Inc. 

9.5. Angstrom Engineering

9.6. ADEKA

9.7. Aixtron

9.8. Dynavac

9.9. Oxford Instruments

9.10. Plasma-Therm

9.11. Veeco

9.12. ULVAC Technologies

CVD Equipment Corporation

PVD Products

Applied Materials

Gelest, Inc. 

Angstrom Engineering

ADEKA

Aixtron

Dynavac

Oxford Instruments

Plasma-Therm

Veeco

ULVAC Technologies