The Atomic Layer Deposition (ALD) Market operations are likely to be carried forward at a CAGR that accounts for 13.9% during the ongoing forecast period.
Atomic Layer Deposition (ALD) Market Overview
The atomic layer deposition market size is likely to expand during the ongoing forecast period of 2021-2028. The global market operations are likely to be carried forward at a CAGR that accounts for 13.9% during the ongoing forecast period.
Atomic layer deposition (ALD) can be understood as a technique that helps build a thin film monolayer with a self-limiting reaction. ALD offers a high and reliable degree of thickness resolution, alongside excellent conformity for high aspect ratio surfaces, with a pinhole-free layer, as well. This deposition technique offers controlled functioning over large areas that have extreme precision and repeatability. The ALD technique is gaining a good degree of popularity and has the most common use in the semiconductor industry for its use across wide applications involved in high-k dielectric films in memory devices, CMOS processing, sensors, amongst others like micro-electromechanical systems (MEMS), and fuel cells.
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The prominent market players of the atomic layer deposition market are as follows:
The growth of the global atomic layer deposition (ALD) market size is driven by the application of the ALD technique that is present in complicated semiconductor components. The growing demand for ALD equipment in nanotechnology, followed by the growth of the solar power industry, and the inclusion of the ALD technique to conduct the manufacturing process of small components at low cost in various industries is likely to present the global market with lucrative opportunities for expansion in the global market premises for the audience. There is a better degree of sensitivity and precision of the ALD technique that is increasing its application in nanotechnology and further, resulting in increasing the size of the atomic layer deposition market on a global scale.
However, the atomic layer deposition market is witnessing a high degree of initial investment and lack of skilled professionals are the major factors expected to hinder the market growth forecast for the ongoing forecast period that will end in 2028. The training cost of the ALD or chemical vapor deposition (CVD) technique is quite high, while the handling of the ALD process requires extreme caution and a high degree of precision.
The ALD method is recognized for helping in the synthesis and fabrication of nanomaterials while increasing the biocompatibility of the nanoparticles, as a part of the global atomic layer deposition market. According to the National Science Foundation (NSF), the nanotechnology industry is projected to register a CAGR of 12.8% by the end of the period in 2028 which is expected to propel the growth of the global atomic layer deposition (ALD) market in the global market premises. For instance, lithium compounds are being recognized for their use as sunscreen lotions. But, the direct use of lithium in sunscreen may adversely affect the skin types of various people. The coating sunscreen particles with ALD are known to help to effectively block ultraviolet radiation. Thus, the coating lithium nanoparticles alongside aluminum oxide make the lotions suitable for use for a larger target audience.
The atomic layer deposition market show that the global market is witnessing a major degree of momentum owing to the rising demands of the target audience being catered by the market segments which are as follows:
Based on the market type
The global atomic layer deposition market share depicts type segmentation into metal ALD, aluminum oxide ALD, plasma enhanced ALD, catalytic ALD, amongst many others.
Based on the market application
The global atomic layer deposition market has been segmented based on applications and includes semiconductors, instrumentation, solar devices, nanotechnology, electronics, flexible devices, medical equipment, alongside others.
Based on the global regions
The global atomic layer deposition market trends are prevalent in global regions like North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.
The global atomic layer deposition market size in this report has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. The Asia-Pacific market held over 40% share of the global atomic layer deposition market during the historic forecast period that had ended in 2019 and is expected to continue its dominance throughout the forecast period of 2021-2028, owing to increasing demand for consumer electronics such as smartphones, personal computers, laptops, and other gadgets. This has increased the use of complex ICs and chips.
However, with the growth of the medical industry, the atomic layer deposition market is expected to gain major traction during the review period. The European regional growth is majorly driven by the application of the ALD technique in the fabrication of semiconductor devices alongside the synthesis of nanomaterials that are coupled with the presence of a large number of automotive manufacturers in the geographical region in the period.
The atomic layer deposition market has been prepared to help the potential market investors and buyers to understand the scale of operations for the ongoing forecast period of 2021-2028. The market report helps to understand the rising market competition based on the recent developments undertaken by the market players during the period.
|Market Size||2028: Significant Value|
|Forecast Period||2021 to 2028|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||ALD NanoSolutions, Inc (US), Applied Materials, Inc (US), ASM International NV (The Netherlands), ALD Vacuum Technologies GmbH (Germany), Jiangsu Leadmicro Guide Nano Equipment Technology Co., Ltd (China), CVD Equipment Corporation (US), Tokyo Electron Limited (Japan), Denton Vacuum (US), Kurt J. Lesker Company (UK), and Veeco Instruments (US)|
|Key Market Opportunities||The use of ALD in biosensing and chemicals, such as quantum dot biomarkers, surface plasmon sensors, and organic pollution degradation is expected to boost the growth of the global market.|
|Key Market Drivers||The growth of the semiconductor industry, coupled with the increasing demand for copper deposition equipment for memory devices|
● Potential Investors and market buyers ● Contract research organizations (CROs) and forms ● Research and development institutions ● Nationalized laboratories ● Government and public sector bodies
The global market is likely to attain a CAGR of 13.9%.
The market is likely to be dominated by the APAC region.
Applied Materials, Inc. (US), ALD NanoSolutions, Inc. (US), ALD Vacuum Technologies GmbH (Germany), CVD Equipment Corporation (US), ASM International NV (The Netherlands), Tokyo Electron Limited (Japan), Veeco Instruments (US), Jiangsu Leadmicro Guide Nano Equipment Technology Co., Ltd. (China), Kurt J. Lesker Company (UK), and Denton Vacuum (US), are some of the major players operating in the atomic layer deposition (ALD) market.