Atomic Layer Deposition Market Overview
“The Atomic Layer Deposition Market Predictable at $1.95 billion in 2022, is estimated to increase at a CAGR of 14.85% from $2.38 billion in 2023 to $6.35 billion by 2030.”
The global ALD equipment market is set to grow due to its increasing use in microelectronic devices, solar cells, and ultra-thin, corrosion-resistant coatings.
Atomic layer deposition (ALD) is a thin-film deposition technology that uses a gas phase chemical process, a more advanced form of chemical vapor deposition (CVD), also known as atomic layer epitaxy (ALE) or ALCVD.
Atomic layer deposition is a globally popular method for fabricating microelectronics due to its consistent thickness and surface.
Atomic layer deposition is a technological advancement offering superior homogeneity, conformality, and atomic level control, enabling the application of conformal coatings on 3D structures.
The increasing use of atomic layer deposition techniques and equipment in various industries is boosting the demand for ultra-thin films on surfaces.
The increasing use of atomic layer deposition (ALD) equipment in solar cell production is expected to boost sales due to its ability to deposit high-quality, conformal coatings with precise thickness control.
The increasing popularity of ALD in biomedical and electro-optic applications presents profitable opportunities for atomic layer deposition equipment manufacturers. This technology enables end users to produce smaller gadgets, leading to a global trend towards downsizing and increasing demand for ALD.
The semiconductor and electronics industries are implementing atomic layer deposition technologies, leading to a rise in custom medical equipment sales and increased demand for this technology.
The increasing demand for lithium-ion batteries and solar cells is predicted to boost sales of atomic layer deposition technology, leading to an expansion in the market for ALD equipment makers.
The market for atomic layer deposition equipment is expected to surge due to the increasing demand for semiconductors, power-converting devices, medical gadgets, and smartwatches, as well as the increasing demand for solid-state thin-film batteries.
The global market is expected to be further boosted by the growth of implanted cell phones and the development of new technologies like plasma-enhanced ALD.
The market is expected to thrive due to the increasing demand for intricate and small-scale parts, as well as the advantages of atomic layer deposition, such as improved film characteristics.
The ALD process enhances tin-sensitive solar cell efficiency in various products, with government incentives promoting the solar energy sector and boosting the growth of the atomic layer deposition equipment industry.
Key Takeaways
The global ALD equipment market is being driven by rising applications in semiconductors and electronics.
The continuous trend of downsizing will drive up demand for atomic layer deposition technology.
The growing popularity of connected devices is expected to enhance the global market.
ALD equipment sales will increase as more people become aware of the benefits of the atomic layer deposition technology.
The widespread use of robotics and factory automation will aid market expansion.
Rising demand for next-generation semiconductor devices will drive up sales of atomic layer deposition equipment.
Increasing the use of ALD in solar cells and conformal coating devices will spur growth.
The growing popularity of ALD in the burgeoning automotive sector is anticipated to open up new business opportunities.
Continuous advancements in microelectronics and nanotechnology will boost sales of atomic layer deposition equipment.
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Market Dynamics
Growth Factors
The growing use of atomic layer deposition in chip fabrication is causing a surge in demand for this process. It is a crucial process for producing thin films and semiconductor devices. The global atomic layer deposition market is expanding rapidly due to the rise in tiny and portable devices, driven by smart and energy-efficient technologies. The demand for these devices has led to a surge in the production and consumption of atomic layer deposition.
The global semiconductor and electronics industries are rapidly expanding, driving the atomic layer deposition market. The automotive sector's growing demand for small electronics is driving this growth. The popularity of electric vehicles is also driving the expansion of the automotive industry's atomic layer deposition market. Additionally, the growing use of atomic layer deposition in solar devices, particularly in countries with high energy costs like India and Japan, is boosting market growth.
Key Trends
Growth of miniaturization and the increasing demand for energy-efficient devices are driving the demand
The increasing demand for energy-efficient electronic devices, coupled with advancements in technology, is significantly influencing the demand for atomic layer deposition products. Atomic layer deposition (ALD) is a semiconductor technique used to create thin coatings on microchips, resulting in smaller electrical equipment like cellphones and computers.
Advancements in ALD technology, including the development of novel precursors and improved reactor designs, have significantly expanded the application spectrum and increased demand.
The growing focus on energy efficiency and carbon emissions has boosted demand for energy-efficient items like LED lighting, leading to a surge in demand for Advanced Laser Deposition (ALD) equipment, supported by government funding and incentives.
The market is expected to benefit from the surge in demand for ALD equipment in sectors like semiconductors, electronics, energy, and healthcare.
Restraints
Industry growth is hindered by high investments, technical skills shortage, and limited applications, with ALD equipment capital expenditures posing a significant barrier for small and medium-sized firms.
The growth of the atomic layer deposition equipment industry is hindered by the limited number of businesses offering ALD services due to its complex operation requiring specific understanding and technological proficiency.
ALD relies on a few expensive and challenging precursors, potentially causing supply chain issues and production delays. Stringent regulations apply to storage, disposal, and use of hazardous chemicals in ALD.
The ALD method becomes costly and complex, limiting market expansion. Despite its significant market in the semiconductor industry, it has minimal demand in other markets due to its limited use in other industries.
The global ALD equipment industry's growth is hindered by challenges, making it crucial to overcome these obstacles to fully realize the technology's potential in the future.
Competitive Landscape of the Atomic Layer Deposition Market
- Veeco Instruments, Inc.
- Denton Vacuum, LLC.
- Picosun Group
- ALD NanoSolutions, Inc.
- Beneq Oy.
- Kurt J. Lesker Company
- Canon Anvela Corporation
- Lam Research Corporation
- Applied Materials, Inc.
- Tokyo Electron Ltd.
- ASM International
Recent Developments in Atomic Layer Deposition Market
In February 2020, to enable high-performance photonics devices, a suite of Lumina Metal-organic chemical vapor deposition (MOCVD) was introduced by Veeco Instruments.
In June 2022, SPARC, a new deposition technology for advanced logic and DRAM was introduced by Lam Research Corporation. With its SPARC technology, Lam produces homogenous, strong low-k films that comply with features both in terms of composition and thickness. The delicate SPARC film is applied without the use of direct plasma, which may harm the delicate equipment underneath.
In June 2022, Applied Materials completed its acquisition of Picosun. This will help to broaden the company’s portfolio for specialty chips.
In July 2021, Hermes-Epitek Corporation Pte, a Taiwan-based distributor of high-tech equipment, entered into a partnership with Picosun Group that aimed at expanding Picosun Group’s sales and service networks across the globe.
Regional Insights
The Middle East and Africa dominated the global atomic layer deposition market in 2021, with North America being the second largest region. The region is a major electronics user, and rising investments in solar energy research and development are driving the market. Additionally, rising car penetration and increased transportation infrastructure demand in the region indirectly increase demand for the atomic layer deposition process.
The Asia Pacific atomic layer deposition market is experiencing significant trends due to its significant manufacturing presence in major economies like China, Japan, South Korea, and Taiwan. These economies, known for producing electronics and semiconductors, are increasing the use of the process, leading to market expansion. Additionally, investments and government policies in India are attracting foreign direct investment (FDI) for industrial production units, further increasing demand for atomic layer deposition.
Segments Covered in Atomic Layer Deposition Market
Atomic Layer Deposition Market By Product
- Aluminium Oxide
- Metal
- Catalytic
- Plasma Enhanced
- Others
Atomic Layer Deposition Market By Application
- Solar Devices
- Semiconductors
- Electronics
- Medical Equipment
- Others
Atomic Layer Deposition Market By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Frequently Asked Questions:
What is the atomic layer deposition market size?
The Atomic Layer Deposition Market Predictable at $1.95 billion in 2022, is estimated to increase at a CAGR of 14.85% from $2.38 billion in 2023 to $6.35 billion by 2030.
What is the CAGR of the atomic layer deposition market?
The global atomic layer deposition market is growing at a compound annual growth rate (CAGR) of 4.85% from 2023 to 2030.
Who are the major players in the atomic layer deposition market?
The major players operating in the market are Applied Materials, Inc., Denton Vacuum, LLC., Lam Research Corporation, Tokyo Electron Ltd., ASM International, Veeco Instruments, Inc., Canon Anvela Corporation, Picosun Group, ALD NanoSolutions, Inc., Beneq Oy., and Kurt J. Lesker Company.
Which are the driving factors of the atomic layer deposition market?
The driving factors of the atomic layer deposition market are rapid industrialization, rising demand for the solar devices and growing demand for the electric vehicles and growth of the automotive industry
Which region will lead the global atomic layer deposition market?
The Middle East & Africa region will lead the global atomic layer deposition market.
- Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
- Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
- Executive Summary
3.1. Market Snapshot
- Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
- Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
- Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
- Global Atomic Layer Deposition Market, By Product
7.1. Atomic Layer Deposition Market, by Product Type,
7.1.1. Aluminium Oxide
7.1.1.1. Market Revenue and Forecast
7.1.2. Metal
7.1.2.1. Market Revenue and Forecast
7.1.3. Catalytic
7.1.3.1. Market Revenue and Forecast
7.1.4. Plasma Enhanced
7.1.4.1. Market Revenue and Forecast
7.1.5. Others
7.1.5.1. Market Revenue and Forecast
- Global Atomic Layer Deposition Market, By Application
8.1. Atomic Layer Deposition Market, by Application,
8.1.1. Solar Devices
8.1.1.1. Market Revenue and Forecast
8.1.2. Semiconductors
8.1.2.1. Market Revenue and Forecast
8.1.3. Electronics
8.1.3.1. Market Revenue and Forecast
8.1.4. Medical Equipment
8.1.4.1. Market Revenue and Forecast
8.1.4.2.
8.1.5. Others
8.1.5.1. Market Revenue and Forecast
- Global Atomic Layer Deposition Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product
9.1.2. Market Revenue and Forecast, by Application
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product
9.1.4.2. Market Revenue and Forecast, by Application
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product
9.2.2. Market Revenue and Forecast, by Application
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product
9.2.6.2. Market Revenue and Forecast, by Application
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product
9.3.2. Market Revenue and Forecast, by Application
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product
9.3.6.2. Market Revenue and Forecast, by Application
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product
9.4.2. Market Revenue and Forecast, by Application
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product
9.4.6.2. Market Revenue and Forecast, by Application
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product
9.5.2. Market Revenue and Forecast, by Application
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product
9.5.4.2. Market Revenue and Forecast, by Application
- Company Profiles
10.1. Lam Research Corporation
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Applied Materials, Inc.
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Tokyo Electron Ltd.
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. ASM International
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Veeco Instruments, Inc.
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Denton Vacuum, LLC.
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Picosun Group
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. ALD NanoSolutions, Inc.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Beneq Oy.
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Kurt J. Lesker Company
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
- Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
- Appendix
12.1. About Us
12.2. Glossary of Terms
