8.5% CAGR during the forecast period 2019 to Rising Application of Microelectronics to Help Market Gain Momentum The demand for the physical vapor deposition is increasing in the electronics industry as they have adopted PVD on a large scale. In addition, rising demand for microelectronics in various applications such as automotive industry, data storage, medical equipment, solar products, architectural glasses are acting as the growth driver for the global physical vapor deposition market. PVD coating is widely employed in cutting tools by providing advanced oxidation resistance, outstanding wear resistance, improved cutting speed and feed rate, and many other benefits. Thus, PVD in cutting tools is expected to grow in coming years.