Applied Materials, Inc. holds the largest market share in the global physical vapor deposition (PVD) market, accounting for 8.36% in 2023. The PVD market reached a value of nearly $21.4 billion in 2023 and is projected to grow to $31.9 billion by 2028 at a compound annual growth rate (CAGR) of 8.25%.
The microelectronics segment was the largest application area within the PVD market, representing $7.2 billion in 2023. Applied Materials' strong position in this fragmented market underscores its critical role in semiconductor manufacturing processes.
The market is expected to continue its growth trajectory, reaching $49.2 billion by 2033 with a CAGR of 9.08% from 2028. Applied Materials' leadership in PVD equipment, which was the largest segment by type, positions it favorably to benefit from this sustained expansion.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.