Chemical Vapor Deposition Market Projected to Reach $63.17 Billion by 2029 with 10.5% CAGR
The global chemical vapor deposition (CVD) market is expected to grow from $38.84 billion in 2024 to $63.17 billion by 2029, at a CAGR of 10.5%. Growth drivers include expanding semiconductor industry, increasing demand for high-performance and wear-resistant coatings, advanced medical device coatings, and innovations in 2D materials and nanotechnology. Asia-Pacific currently dominates the market, while North America is expected to grow fastest.
The chemical vapor deposition (CVD) market has experienced significant growth in recent years, with its size rising from $38.84 billion in 2024 to a forecasted $42.33 billion in 2025, representing a 9.0% CAGR. This growth is driven primarily by expansion in the semiconductor industry, rising need for energy storage and conversion applications, the optoelectronics market, and aerospace sector development. The market is anticipated to reach $63.17 billion by 2029 with an accelerated CAGR of 10.5%, propelled by factors such as the proliferation of Internet of Things (IoT) devices, advancements in quantum computing, and increasing applications in medical device coatings and wear-resistant surfaces. Technological trends include the advancement of ALD-CVD hybrid systems, adoption of remote plasma CVD, emphasis on sustainable and environmentally-friendly processes, and growth in 2D materials and nanotechnology applications. The Asia-Pacific region leads market share as of 2024, supported by strong semiconductor and electronics manufacturing capacities, while North America is projected to exhibit the fastest market growth. Key players shaping the market include CVD Equipment Corporation, Tokyo Electron Limited, Veeco Instruments Inc., ASM International NV, and Applied Materials Inc. The market is segmented by category into equipment, services, and materials, by technology into various CVD methods (e.g., atomic layer, plasma enhanced), and by end-use into sectors such as solar, electronics, and medical equipment. Innovations focus on producing high-quality coatings and thin films for next-generation electronics, energy devices, and aerospace components, highlighting the strategic importance of CVD in advanced material manufacturing.
