The burgeoning requirement for the physical vapor deposition (PVD) technology in cutting tools, automotive and aerospace components, and dies and molds for processing materials is propelling the expansion of the PVD market. Furthermore, the extensive use of semiconductors in various customer products and soaring requirement for solar energy are fueling the growth. Because of these factors, the physical vapor deposition market generated revenue of ~$19.5 billion in 2020, and it is predicted to demonstrate rapid expansion during 2021–2030, according to P&S Intelligence.