The vacuum and thin film technology market is one of the fastest growing segments in the world. Vacuum and thin films are used in a wide range of applications including medical, electronics and automotive. Vacuum technology has been around since the 1800’s- however, with modern developments in vacuum sealing the field is poised to grow exponentially.
What is Vacuum and Thin Film Technology?
Vacuum and thin film technology refers to the methods, materials and processes used to create a vacuum.
The overall goal is to create a space, which is as close to nothingness as possible. Vacuum technology has been around since the 1800’s- however, with modern developments in vacuum sealing this field is poised to grow exponentially.
Vacuum and Thin Film Technology Defined:
Vacuum and thin film technologies are simply the methods and materials used to create a vacuum. According to Vacuumscience.com, “Vacuum is one of the most widely used technologies in the world and can be found in almost all areas of production, e.g., paints, pharmaceuticals and electronics”. The benefits of vacuum technology are widely used today in all manner of industries- from hospitals to manufacturing, from transportation to construction; even industries as far reaching as agriculture use vacuums for a wide range of applications.
Significance of Vacuum Technology:
Vacuum and thin films have a wide range of applications, including medical, electronics, automotive and construction. Additionally, vacuum technology is considered one of the fastest growing segments in the world.
According to Vacuum Sciences, Inc., “The significance of vacuum technology is huge. Almost all of our daily life relies on some aspect of vacuum technology”. The impact of this progression is undeniable; from personal applications such as cosmetics to food packaging- the need for effective and efficient vacuum technology is everywhere.
One can see the benefit in personal applications such as cosmetics and food packaging; however, the impact on manufacturing and production is just as essential- if not more. From general production to specific processes relies on this technology for a range of application for which it was not initially intended.
Global Leaders in Vacuum Technology Market:
HHV offers a comprehensive overview of the global vacuum technology market. According to their report, the market for vacuum and thin film technologies is expected to grow at a compound annual growth rate (CAGR) of about 4.2 percent from 2012 to 2018. The report further states that “Vacuum technology is used in many sectors, as it is much better at maintaining a clean environment than other technologies.” One example they provide, is the medical sector- with medical equipment and processes being used in an array of clinical applications, such as surgical tools and robotics- all of which require a vacuum environment.
Conclusion:
Vacuum technology is used in a wide range of industries and the vacuum and thin film technology market is expected to continue to grow at a healthy rate. Industries such as medical, electronics, and automotive use vacuum technology – all of which are set to grow by impressive rates over the next five years.
For more information, please visit: https://hhv.in/
