Atomic Layer Deposition (ALD) Market: Information by Type (Metal ALD, Aluminum Oxide ALD, Plasma Enhanced ALD, Catalytic ALD and others), Application (Semiconductors, Instrumentation, Solar Devices, Nanotechnology, Electronics, Flexible Devices, Medical Equipment and others) and Region (North America, Europe, Latin America, Asia-Pacific and Middle East & Africa) – Forecast till 2024
Atomic Layer Deposition Key Players
Leading players profiled in the atomic layer deposition market report include Veeco Instruments (US), Kurt J. Lesker Company (UK), Denton Vacuum (US), Tokyo Electron Limited (Japan), CVD Equipment Corporation (US), Jiangsu Leadmicro Guide Nano Equipment Technology Co., Ltd (China), ALD Vacuum Technologies GmbH (Germany), ASM International NV (The Netherlands), Applied Materials, Inc (US), and ALD NanoSolutions, Inc (US), among others. Key players are adopting various strategies to create a niche in the market such as partnerships, expansions, mergers and acquisitions, product launches, research and development, and more.
Atomic Layer Deposition Market Analysis
Atomic Layer Deposition Market is predicted to touch USD 4.23 Billion at an 11.6% CAGR over the forecast period (2017-2024), states the latest Market Research Future (MRFR) report. Atomic layer deposition or ALD, simply put, is a vapor phase method that can produce thin films of different materials. It has an extensive range of applications including electronics, building construction, automotive, and others.
Here a substrate’s surface is exposed to alternate precursors, that never overlap yet are introduced sequentially. This process often is carried out at lower temperatures that are extremely crucial while working with fragile substrates. An array of materials can be deposited through this technique, such as fluorides, sulfides, metals, and oxides.
Various factors are propelling the atomic layer deposition market growth. Some of these factors, according to the Market Research Future report, include growing use in complicated semiconductor components, burgeoning demand in nanotechnology owing to its precision and better sensitivity, growing solar power industry, and use of the technique for manufacturing small components at cost-effective prices in different industries.
The ALD technique in nanotechnology is used in different industries such as automotive, agriculture, food and beverage, defense, biomedical, cosmetics, energy, and electronics industry, which is pushing market growth. Additional factors pushing market growth include growing semiconductor and electronics industry, and growing demand from emerging and current applications, including technological development, efficiency enhancement, and dye-synthesized solar cells.
On the contrary, scarcity of skilled professionals, high initial investment, high training cost, strict export regulations, and slow deposition rate are factors that may restrict the atomic layer deposition market growth over the forecast period.
Atomic Layer Deposition Market Segmentation
The MRFR report offers a wide segmental analysis of the atomic layer deposition market on the basis of application and type.
Based on type, the atomic layer deposition market is segmented into catalyst ALD, plasma enhanced ALD, aluminum oxide ALD, metal ALD, and others. Of these, the aluminum oxide ALD segment will have the largest share in the market over the forecast period.
Based on application, the atomic layer deposition market is segmented into medical equipment, flexible devices, electronics, nanotechnology, solar devices, instrumentation, semiconductors, and others. Of these, the electronics and semiconductor segment will dominate the market over the forecast period. This is on account of its increasing use in various end use industries such as medical sectors, industrial, and automotive sectors.
Atomic Layer Deposition Regional Analysis
Based on the region, the atomic layer deposition market report covers the latest trends and growth opportunities across North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa. Of these, the APAC region will command the market over the forecast period. This is owing to the rising need for consumer electronics, including laptops, personal computers, smartphones, and other gadgets that have increased the usage of complex chips and ICs. Moreover, the electronics manufacturing sector in Taiwan, China, and South Korea are also propelling market growth in the region. To add to it, the constant development of solar energy systems is further boosting the market growth.
The atomic layer deposition market in North America is predicted to have steady growth over the forecast period. This is owing to the growing medical industry in this region.
The atomic layer deposition market in Europe is predicted to have a healthy growth over the forecast period. This is owing to its use in the synthesis of nanomaterials, fabrication of semiconductor devices, and the presence of several auto manufacturersin this region.