Driving the ALD equipment market growth as ALD facilitates the deposition of very thin nano-layers on a wide range of substrates. Deposition of thin films and coatings using ALD enables the development of smaller ICs by maintaining their standard performance.


The growing demand for semiconductor devices from many end-user industries such as consumer electronics and automotive has been creating ample growth opportunities for market players.


ALD equipment market is estimated to be worth USD 4.1 billion in 2022 and is projected to reach USD 6.0 billion by 2027, at a CAGR of 8.2% during the forecast period.


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The growing demand for photovoltaics is expected to create lucrative opportunities for market players offering solutions for ALD. In solar cells, ALD films can be used as surface passivation layers, buffer layers, window layers, absorber layers, and hole/electron contacts. Increasing demand for photovoltaics is expected to drive the market growth for ALD.


Advanced and innovative technologies are needed at the fabrication stage to produce high-quality semiconductor devices and ICs. The growing trend of miniaturization has significantly increased the complexity of wafers due to the presence of multiple patterns at the chip level. ALD needs a very high degree of cleanliness.


ALD is a suitable deposition method for medical devices as most of the materials used in ALD are biocompatible. The adoption of ultra-thin biocompatible ALD coatings also improves adhesion to the bone and protects patients from leakages from the implant to the body. Such advantages offered by ALD make it highly suitable for medical applications


In recent years, there has been a surge in demand for 3D NAND flash memory technology. The use of 3D NAND flash memory facilitates increased storage speed without the need of reducing the chip size. The increasing demand for 3D NAND flash memory technology, logic devices, and interconnect technologies is expected to drive the market growth for ALD equipment.