Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Vacuum Coating Machines Market Research Report – F | Page 2

The segments covered in the report are analyzed with respect to five major regions – North
America, South America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA), with
respective country-level market sizing. The definition and advantages of “vacuum coating
machine” is outlined in the report for a comprehensive understanding of the market. The
report discusses in detail the various players and their respective strategies to enhance their
value chain.
Segmentation:
By type, the market can be segmented into PVD (Physical Vapor Deposition) coating machines
and CVD (Chemical Vapor Deposition) coating machines. CVD’s reign over the market can be
justified by its application in the production of high-performance and high-purity solid
materials. Its application increases resistance against corrosion, wear and heat assisting it
further in gaining market prominence. At the same time, it is also expecting the fastest CAGR
during the review period.
Application-wise, the market comprises electronics, automotive, optics & glass, packaging, and
others. Electronics is certainly way ahead of its peers in the segment. Two sub-segments,
microelectronics, and optoelectronics are substantially contributing to the market growth.
Demand for semiconductors have expanded the microelectronics sector considerably and can
help in achieving a CAGR of 6.47% during the forecast period. However, the automotive
industry can gain significant ground during the same time by growing with a faster CAGR.
Regional Analysis:
Region-specific analysis of the global market encompasses namely Europe, North America,
South America (LATAM), Asia Pacific (APAC) and the Middle East & Africa (MEA).
The APAC is generating the maximum revenue for the global market by holding sway over
42.9% of the global market. The burgeoning electronics and semiconductor industries have
ensured this position for the regional market. Emerging economies such as China, India, and
South Korea hold the key to the region’s further growth. China is the regional frontrunner in
terms of revenue generation. The region is anticipating a CAGR of 6.69% during the review
period.
North America is following the lead of the APAC closely, and it is getting driven by well-
structured heavy industries. Revamping of the automotive industries is also holding promise for
further market expansion. Packaging and electronics sectors are also generating considerable
demand for the market.