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The atomic layer deposition market size is estimated to grow at a CAGR of 10.29% between 2022 and 2027. The market size is forecast to increase by USD 2,003.37 million. The growth of the market depends on several factors, including high demand from the semiconductor and electronics industry, increasing demand for advanced technologies, and increasing investment in R&D.
This atomic layer deposition market report extensively covers market segmentation by type (aluminum oxide ALD, metal ALD, catalytic ALD, plasma enhanced ALD, and others), application (memory, logic devices, and MEMS and other semiconductors), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The high demand from the semiconductor and electronics industry is notably driving the market growth, although the easy availability of substitutes may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
High demand from the semiconductor and electronics industry is notably driving the ALD Market growth. There is a high demand for ALD in the semiconductor and electronics industries due to the precise and controlled nature of ALD technology. ALD enables the deposition of uniform thin films with atomic control of thickness and composition, which is essential for the fabrication of high-performance electronic devices. As electronic devices shrink, the need for precise and controlled thin film deposition becomes more important. ALD enables the deposition of ultra-thin films with excellent uniformity that are essential for the fabrication of advanced semiconductor devices. Semiconductor components require high-performance materials with specific electrical, optical, or mechanical properties. ALD allows for precise control of film properties and enables the production of materials with properties tailored to meet these needs. The semiconductor and electronics industries require advanced manufacturing techniques to efficiently produce complex and powerful devices.
ALD is a versatile and reliable technique that is compatible with many different materials and easily integrated into existing manufacturing processes. Robust growth in the semiconductor and electronics industry is expected to have a positive impact on the growth of the ALD market during the forecast period.
The demand for energy-efficient products is a key trend influencing the atomic layer deposition market growth. The need to reduce energy consumption and improve device performance has increased the demand for energy-efficient materials in the electronics industry. Using energy-efficient materials can reduce power consumption, extend battery life, and improve the overall performance of electronic devices. ALD is a promising technique for producing energy-efficient materials for the electronics industry. ALD enables the precise deposition of thin films with atomically controlled thickness and composition and can be used to tailor the electrical, optical, and mechanical properties of materials for specific applications.
An example of energy-efficient materials made with ALD is thin film transistors (TFTs) for displays. TFTs are used to control each pixel of the display and require materials with high electron mobility and low leakage current. ALD is ideal for use in TFTs because it can deposit high-quality, uniform films from materials such as indium gallium zinc oxide (IGZO) that exhibit high electron mobility and low leakage current. ALD is also used to develop advanced energy storage materials such as batteries and capacitors. Overall, the growing demand for energy-efficient materials in the electronics industry is driving the development of new materials and manufacturing techniques such as ALD. This enables the production of advanced materials with properties tailored to meet the specific needs of electronic devices. Therefore, the rising demand for energy-efficient materials is expected to boost the growth of the Atomic Layer Deposition Market during the forecast period.
The easy availability of substitutes is challenging the Atomic Layer Deposition (ALD) market growth. There are several ALD alternatives used for thin film deposition in various industries, such as Chemical vapor deposition (CVD), Physical vapor deposition (PVD), and Electrochemical deposition (ECD). The CVD technique deposits a thin film of material onto a substrate. Similar to ALD, CVD is a chemical process involving the deposition of films by a reaction of precursor gases. The PVD technique is used for depositing thin films by evaporating or sputtering materials onto a substrate. PVD can produce high-quality, uniform films with excellent adhesion and smoothness. It is commonly used in the production of metallic coatings and other applications where high purity is not critical.
ECD is a technique for depositing thin films of metals and other materials by electrochemical reactions. ECD is widely used in the production of metallic coatings and deposition materials for microelectronic devices. Hence, the market is likely to face challenges during the forecast period due to the ready availability of substitutes.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Atomic Layer Deposition Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ADEKA Corp: The company is involved in the casting of advanced aluminum alloys. It is also involved in bauxite mining.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the aluminum oxide ALD segment will be significant during the forecast period. Aluminum oxide is a common material used in many industrial applications, including semiconductors, energy storage, catalysis, and biomedical devices. It has excellent thermal and electrical properties, is highly corrosion resistant, and is an effective insulator, making it ideal for use in many advanced applications. One of the main advantages of ALD is the ability to precisely control the thickness and composition of thin films containing alumina. ALD enables the deposition of atomic-precise, uniform, high-quality films, which is important for many applications in the semiconductor industry.
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The aluminum oxide ALD segment was valued at USD 549.88 million in 2017 and continued to grow until 2021. Aluminum oxide ALD is a versatile technique as it can be used to deposit aluminum oxide films on various substrates such as silicon, metals, and polymers. Increased demand for Aluminum oxide ALD may be driven by its use in various emerging technologies such as in advanced energy storage devices such as batteries, capacitors, and sensors used in various industries. Aluminum oxide ALD is also increasingly used in micro-electro-mechanical systems (MEMS) and nanoelectronics manufacturing that requires precise and uniform coatings with excellent thermal and mechanical stability. Therefore, rising demand for Aluminum oxide ALD is expected to boost the growth of the market during the forecast period.
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APAC is estimated to contribute 29% to the growth of the global atomic layer deposition market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Asia Pacific is expected to be the fastest-growing market for atomic layer deposition(ALD) due to various factors, such as increasing demand for electronics, semiconductors, and high-power devices in the region. The Asia-Pacific region has several major economies, such as China, Japan, and South Korea, which are major players in the global semiconductor industry. In recent years, the demand for miniaturized components and high-performance devices has increased significantly in the Asia-Pacific region, fueled by the growth of various industries such as electronics, automotive, aerospace, and healthcare. This demand is driving the need for advanced manufacturing techniques such as ALD that can precisely deposit high-quality, uniform films with atomic-level control over thickness and composition.
In 2020, the COVID-19 pandemic adversely affected the market. During the first half of 2020, lockdowns were implemented across the world, and manufacturing activities were suspended. Also, lower demand for consumer electronics negatively impacted the growth of the market and reduced demand for ALD. Therefore, the decline in semiconductor production hampered the growth of the market in 2020. However, in the first half of 2021, lockdown restrictions were lifted due to vaccination campaigns. This resulted in the resumption of production activities with social distancing regulations. Therefore, the demand for semiconductors increased, which will boost the growth of the market during the forecast period.
The atomic layer deposition market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio classifies the global atomic layer deposition market as part of the global semiconductor equipment market within the global semiconductors and semiconductor equipment market. The parent global semiconductor equipment market consists of semiconductor equipment manufacturers, including manufacturers of raw materials and equipment used in the solar power market. Technavio defines semiconductor equipment manufacturers as companies involved in the manufacture of both the front end (wafer fab/fabrication and wafer processing) and back end (test, assembly, and packaging).
Atomic Layer Deposition Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.29% |
Market growth 2023-2027 |
USD 2,003.37 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.98 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 29% |
Key countries |
US, Canada, Taiwan, China, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
ADEKA Corp., AIXTRON SE, Applied Materials Inc., Arradiance LLC, ASM International NV, Beneq Oy, CVD Equipment Corp., Denton Vacuum, Dynavac, Encapsulix SAS, Entegris Inc., Forge Nano Inc., Kurt J Lesker Co., Lam Research Corp., Linde Plc, Merck KGaA, Oxford Instruments plc, SENTECH Instruments GmbH, Tokyo Electron Ltd., and Veeco Instruments Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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