Vacuum Coating Equipment Market share to hit $47 billion by 2024

The research report “Vacuum Coating Equipment Market Size By Product (PVD, Magnetron Sputtering, CVD), By Application (PVD [Microelectronics, Storage, Solar, Medical Equipment, Cutting Tools], Magnetron Sputtering [Metallizing For Microelectronic Circuits And Chip Carriers, Electrical Resistance Films, Magnetic Films, Opto Storage Devices, Corrosion-Resistant Films, Gas Sensors], CVD [Integrated Circuits & Photovoltaic Devices, Polymerization, Metal-Organic Frameworks, Gas Sensing & Low-K Dielectrics]), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc. says Vacuum Coating Equipment Market size will cross USD 47 billion by 2024; impelled by advantages of decorative PVD coatings over electroplating in consumer goods industry.

The industry has recorded substantial growth in past few years with varied applications in electronics, power generation, automotive sector etc. It is commonly used in the electronics industry for integrated circuits, photovoltaic devices and microelectronics. Global consumer electronics market will record a CAGR of 4% till 2024.Industrial automation and manufacturing of high-end vehicles have increased adoption of integrated circuits in these fields. Escalating electrical & electronics industry will ramp up vacuum coating equipment market demand.

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PVD coating is applied on engine parts such as valve train components, drive train components, piston pins, piston rings, and gears. In 2013, over 21 million units of commercial vehicles were manufactured and in 2016, manufacturing crossed 22.8 million units. Global passenger vehicles sales registered a growth of 7.2% between March 2015 to March 2016. Increasing adoption of this coating in automobile industry and other industrial applications will strengthen vacuum coating equipment market in future. It is specifically replacing chrome plating, as chromium is carcinogenic in nature and is getting ban in many regions. On the other hand, complex machinery requirements and the need for skilled operators etc. are some of the factors that will hinder growth PVD coating penetration.

PVD coating accounted for significant share of around 39% in vacuum coating equipment market in 2015. It has an edge over traditional coating methods (electroplating and painting) of providing longer shelf life, bright colors, and scratch resistant surface to the product. It provides a coating to engine components that reduces friction and wear between the parts, resulting in better efficiency and performance of the engine.

Magnetron sputtering has wide and diversified applications such as in gas sensors, corrosion-resistant films, magnetic films, metallizing for microelectronic circuits and chip carriers. Metallizing is an innovative technology replacing electroplating in electronics industry. Magnetron sputtering application will grow above 9% CAGR in global vacuum coating equipment market till 2024.

Asia Pacific contributes significantly in the market with nearly 50% share in revenue generation. Rapid industrialization has increased energy requirements of this region and boosted power generation industry significantly. Leading players of smartphone are foraying into manufacturing of premium smartphones category which requires luxurious external body display this in turn will stimulate vacuum coating equipment market demand.

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Positive outlook of automobile market in Germany, makes Europe a significant region in global vacuum coating equipment market. The market revenues in Germany crossed USD 910 million 2015. Vacuum coating equipment market is consolidated with few major manufacturers mainly such as Buhler AG, PVD Products Inc, BCI Blösch group, Applied Materials Inc, Singulus Technologies AG, and Kolzer SRL.These equipment’s are cost-intensive, so most of the companies have their own extensive distribution network and sales offices across different regions. For instance, Buhler AG develops vacuum coating equipment and distributes through its own shipping and transportation services.

Browse key industry insights spread across 190 pages with 169 market data tables & 15 figures & charts from this 2017 report Vacuum Coating Equipment Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/vacuum-coating-equipment-market

Vacuum coating equipment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Vacuum Coating Equipment Market By Product

• Physical Vapor Deposition (PVD)
• Magnetron Sputtering
• Chemical Vapor Deposition (CVD)
• Others

Vacuum Coating Equipment Market By Application

• Physical Vapor Deposition (PVD) application
• Microelectronics
• Storage
• Solar
• Medical equipment
• Cutting tools
• Others
• Magnetron sputtering application
• Metallizing for microelectronic circuits and chip carriers
• Electrical resistance films
• Magnetic films
• Opto storage devices
• Corrosion-resistant films
• Gas sensors
• Others
• Chemical Vapor Deposition (CVD) application
• Integrated circuits (ICs) & photovoltaic devices
• Polymerization
• Metal-organic frameworks
• Gas sensing & low-k dielectrics
• Others

The above information is provided for the following regions and countries:

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Spain
• Italy
• Asia Pacific
• China
• India
• Japan
• Australia
• Indonesia
• Malaysia
• Latin America
• Brazil
• Mexico
• MEA
• South Africa
• GCC

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com
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Machine Translation Market share to grow 19.0% CAGR from 2017 to 2024

According to industry research report “Machine Translation Market Size By Technology (SMT, RBMT), By Application (Automotive, Electronics, IT, Military & Defense, Healthcare), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, China, India, Japan, Brazil, Mexico), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024”, by Global Market Insights, Inc. says Machine Translation Market size is set to exceed USD 1.5 billion by 2024; driven by increasing need for cost efficiency and high speed translation.

Increasing requirement to localize the rising amount of content in the organizations to eradicate language barriers is driving the machine translation market. The ability to translate different languages according to the customer preferences and lack of existing translators for several specialized fields and language combinations is providing tremendous growth opportunities for the industry. 

Growing demand across businesses to implement a cost-effective translation system in their business process is anticipated to drive the adoption rate of machine translation market size over the forecast timeframe. Implementation cost of these services is lower than traditional alternative. In addition to being-cost effective in nature, the technology is capable of performing at much faster speeds than human translators.

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Players operating in the machine translation market have been increasing their R&D spending to develop cost effective solutions to fulfil customer requirements. For instance, Lionbridge introduced Smart Automated Translation software that quickly translate large volume content with minimum error and at lower costs. Lack of output accuracy and quality provided by the technology is anticipated to inhibit the machine translation market growth. Machines or software sometime fails to translate content with great accuracy. Such mistakes sometimes prove to be very costly and may hamper the overall business growth.

Global machine translation market share was dominated by SMT technology, which contributed over 60% to the revenue in 2016. This is attributed to the rising demand in the commercial space as it can be trained for specific data set and can be used recurrently for a business. Furthermore, the demand for cheap, fast computing hardware has enabled the SMT demand as it aids applications that rely on billions of statistics and large data.

Automotive applications will witness considerable growth due to the increasing use of the technology in efficiently interpreting motor part catalogs, technical documentation, how-to manuals, and automotive websites, such as ChromeData. This way the machine translation market aids the OEMs in quickening entry into international markets and surge revenue and brand equity.

Browse key industry insights spread across 120 pages with 92 market data tables & 11 figures & charts from the report, “Machine Translation Market” in detail along with the table of contents, please click on the link below:

https://www.gminsights.com/toc/detail/machine-translation-market-size

The U.S. machine translation market is set to be driven by the presence of a large number of service providers in the region. The support from governmental organizations such as the Defense Advanced Research Projects Agency (DARPA) provides extensive funding for MT for military & defense industry. In addition, the organization has Spoken Language Communication and Translation System for Tactical Use (TRANSTAC) program aimed at evolving transportable two-way speech translation systems that can operate on handheld and laptop devices.

The players operating in the machine translation market include Moravia IT, Lionbridge Technologies Inc., Google, Microsoft, Systran International, and IBM. In October 2016, AppTek LLC and Emergent LLC, announced that they had entered a partnership agreement. The partnership will aid, Emergent LLC to make the AppTek solutions and product catalog available on SEWP, where Emergent’s customers can update their businesses and grow their revenue using with AppTek’s technologies.

The machine translation market size is primarily driven by the rising demand for automated translations to eliminate repetitive tasks and the escalating need for localization to better serve the customers by the companies. In addition, several companies are deploying the technology to deliver multilingual content for their global website.

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Report Content

Chapter 1    Methodology & Scope

1.1    Methodology

1.1.1    Initial data exploration

1.1.2    Statistical model and forecast

1.1.3    Industry insights and validation

1.1.4    Scope, definition and research parameters

1.2    Data Sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2    Executive Summary

2.1    Machine translation industry 360⁰ synopsis, 2012 – 2024

2.1.1    Regional trends

2.1.2    Application trends

2.1.3    Techology trends

Chapter 3    Machine Translation Industry Insights

3.1    Industry segmentation

3.2    Industry size and forecast, 2012- 2024

3.3    Industry ecosystem analysis

3.4    Technology & innovation landscape

3.4.1    Automated translation

3.4.2    Smart automated translation

3.4.3    Raw machine translation

3.4.4    Fully Automated Usable Translations (FAUT)

3.4.5    Rule based machine translation

3.4.6    Statistical machine translation technology

3.5    Post Editing Machine Translation (PEMT)

3.5.1    Light post-editing

3.5.2    Full post-editing

3.5.3    Post-editing market size, 2014 - 2024

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.1.1    Emerging demand for content localization

3.6.1.2    Increasing need for cost efficiency and high speed translation

3.6.2    Industry pitfalls and challenges

3.6.2.1    Lack of quality and accuracy

3.7    Growth potential analysis

3.8    Porter’s analysis

3.9    Company market share analysis, 2016

3.10    PESTEL analysis

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@gminsights.com

Web: https://www.gminsights.com

Blog: https://gminsights.wordpress.com

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