Atomic Layer Deposition Equipment (ALD) Market By Type (Metal ALD, Aluminum Oxide ALD, Plasma Enhanced ALD, Catalytic ALD, Others), By Application (Research & Development Facilities, Semiconductor & Electronics, Solar Devices, Medical Equipment, Others), and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global atomic layer deposition equipment market was valued at USD 2.38 Billion in 2022 and is projected to reach USD 5.80 Billion by 2031, expanding at a CAGR of 10.4% during the forecast period 2023-2031. The atomic layer deposition (ALD) is a method that enables the deposition of thin films of a variety of materials onto any substrate. The ALD process involves a substrate surface that is exposed to alternating precursors which are not overlapping but are sequentially introduced.
The ability to create thin films makes ALD essential in products such as displays, data storage devices, and small electronic components. The atomic deposition layer is used to create a protected thin film layer on any material or product, depending on the material or product which requires layer.
ALD is a key production process in the manufacture of semiconductor devices and components of a range of tools available for nanomaterial synthesis. It is identified as a key deposition method for developing thin conformal films. The demand for miniaturized and complex components combined with the advent of nano-technology drives the demand for ALD equipment.
ALD equipment is generally used in the fabrication of LEDs (chroma adjustment and film-preventing Ag sulfide), electronic devices (isolation film and barrier metal), a film of gas barriers, and vapor barrier film and film-forming on complex substrates.
Atomic Layer Deposition Equipment Market Dynamics
The market is driven by Atomic Layer Deposition Equipmentactors such as growth in industries such as electronics and semiconductor solutions, rise in the demand for electronic components in the automotive industry, increase in concerns for global warming climate change, and increasing use of component miniaturization in the electronic devices. However, high processing costs, high material waste, and high energy waste rates are key restraint of this market.
Emerging applications of ALD and recent developments in molecular precursors for ALD are increasing the adoption of ALD equipment, thus boosting the growth of the market. Recent market trends include spatial ALD for flexible electronics, 3D printed reactor for ALD, enables complex 3D nanostructures, and uniformity & conformality.
Growing Electronics Industry and Semiconductor Solutions
Rising demand for IC products, which are made from semiconductor technology such as GPUs, CPUs, NAND flash memory, DRAM, image sensors, and power management devices, drives the demand for ALD equipment. Growth of the industries such as electronics and semiconductor solutions is expected to drive the market, particularly in Asia Pacific and North America.
The growing demand in industrial applications for advanced semiconductor chips would be a positive part of the semiconductor industry growth during the forecast period. The introduction of Industry 4.0, IoT, artificial intelligence, and big data technology can enhance the manufacturing process and thus create sustainable market opportunities. The rise in the usage of smartphones and the launch of 5G technology is expected to have a positive impact on semiconductor trends during the forecast period.
Uniformity and Conformality
The independent nature of subsequent surface reactions and chemisorption of ALD enables it to grow in structures with a large depth to wide ratio to provide uniform and conformal films. The uniformed films at every corner positions along a flat surface have composed and equal thickness, for example a 300-mm wafer. ALD equipment is preferred for its uniformity and conformality features.
Atomic Layer Deposition Equipment Market Segmental Outlook
On the basis of types, the atomic layer deposition equipment market is segmented into metal ALD, aluminum oxide ALD, plasma enhanced ALD, catalytic ALD, and others. The aluminum oxide ALD segment is estimated to hold a large share of the market during the forecast period due to the easy availability of aluminum and high demand for aluminum oxide films that use ALD deposition technique.
The plasma-enhanced ALD segment is considered material for nanoscale memory and logic devices manufacturing due to it provides features such as thickness controllability and superior conformity; therefore the segment is anticipated to expand at high CAGR of around 10.7% during the forecast period.
Based on applications, the atomic layer deposition equipment market is categorized as research & development facilities, semiconductor & electronics, solar devices, medical equipment, and others. The semiconductor & electronics segment is projected to constitute around 62.1% share of the market by 2027 due to an increase in the sale of semiconductor-based devices and the rise in demand for miniaturized components. The solar devices segment is anticipated to expand at a CAGR of over 10.9% due to the increase in the usage of solar equipment during the forecast period.
Atomic Layer Deposition Equipment Market Regional Outlook
In terms of regions, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Asia Pacific is a promising region for the market. It constituted over 67.8% share of the market in 2020. The market in the region is projected to expand at a CAGR of around 10.5% during the forecast period. The demand for ALD equipment from end-use industries such as semiconductors, electronics, medical devices, and solar is expected to rise during the forecast period. The market in North America is projected to expand at a CAGR of around 10.3% due to the growth in the semiconductor industry and the consumer electronics industry in the region.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Atomic Layer Deposition Equipment Market
- Historical, Current and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Atomic Layer Deposition Equipment Market Performance
Video Summary for Atomic Layer Deposition Equipment Market :
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Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Atomic Layer Deposition Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Atomic Layer Deposition Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.2.4 Market Trends
4.3 Atomic Layer Deposition Equipment Market - Supply Chain Analysis
4.4 Global Atomic Layer Deposition Equipment Market Size & Forecast, 2017-2027
4.4.1 Atomic Layer Deposition Equipment Market Size and Y-o-Y Growth
4.4.2 Atomic Layer Deposition Equipment Market Absolute $ Opportunity
Chapter 5 Global Atomic Layer Deposition Equipment Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Atomic Layer Deposition Equipment Market Size Forecast By Type
5.2.1 Metal ALD
5.2.2 Aluminum Oxide ALD
5.2.3 ALD on Polymers
5.2.4 Catalytic ALD
5.2.5 Others
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Atomic Layer Deposition Equipment Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Atomic Layer Deposition Equipment Market Size Forecast By Application
6.2.1 Research & Development Facilities
6.2.2 Semiconductor & Electronics
6.2.3 Solar Devices
6.2.4 Medical Equipment
6.2.5 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Atomic Layer Deposition Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Atomic Layer Deposition Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Atomic Layer Deposition Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Atomic Layer Deposition Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Atomic Layer Deposition Equipment Market Size Forecast By Type
9.6.1 Metal ALD
9.6.2 Aluminum Oxide ALD
9.6.3 ALD on Polymers
9.6.4 Catalytic ALD
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis By Type
9.8 Absolute $ Opportunity Assessment By Type
9.9 Market Attractiveness Analysis By Type
9.10 North America Atomic Layer Deposition Equipment Market Size Forecast By Application
9.10.1 Research & Development Facilities
9.10.2 Semiconductor & Electronics
9.10.3 Solar Devices
9.10.4 Medical Equipment
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis By Application
9.12 Absolute $ Opportunity Assessment By Application
9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Atomic Layer Deposition Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Atomic Layer Deposition Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Atomic Layer Deposition Equipment Market Size Forecast By Type
10.6.1 Metal ALD
10.6.2 Aluminum Oxide ALD
10.6.3 ALD on Polymers
10.6.4 Catalytic ALD
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 Europe Atomic Layer Deposition Equipment Market Size Forecast By Application
10.10.1 Research & Development Facilities
10.10.2 Semiconductor & Electronics
10.10.3 Solar Devices
10.10.4 Medical Equipment
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Atomic Layer Deposition Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Atomic Layer Deposition Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Atomic Layer Deposition Equipment Market Size Forecast By Type
11.6.1 Metal ALD
11.6.2 Aluminum Oxide ALD
11.6.3 ALD on Polymers
11.6.4 Catalytic ALD
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Asia Pacific Atomic Layer Deposition Equipment Market Size Forecast By Application
11.10.1 Research & Development Facilities
11.10.2 Semiconductor & Electronics
11.10.3 Solar Devices
11.10.4 Medical Equipment
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Atomic Layer Deposition Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Atomic Layer Deposition Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Atomic Layer Deposition Equipment Market Size Forecast By Type
12.6.1 Metal ALD
12.6.2 Aluminum Oxide ALD
12.6.3 ALD on Polymers
12.6.4 Catalytic ALD
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Latin America Atomic Layer Deposition Equipment Market Size Forecast By Application
12.10.1 Research & Development Facilities
12.10.2 Semiconductor & Electronics
12.10.3 Solar Devices
12.10.4 Medical Equipment
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Atomic Layer Deposition Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Atomic Layer Deposition Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Atomic Layer Deposition Equipment Market Size Forecast By Type
13.6.1 Metal ALD
13.6.2 Aluminum Oxide ALD
13.6.3 ALD on Polymers
13.6.4 Catalytic ALD
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Middle East & Africa (MEA) Atomic Layer Deposition Equipment Market Size Forecast By Application
13.10.1 Research & Development Facilities
13.10.2 Semiconductor & Electronics
13.10.3 Solar Devices
13.10.4 Medical Equipment
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
14.1 Atomic Layer Deposition Equipment Market: Competitive Dashboard
14.2 Global Atomic Layer Deposition Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Applied Materials, Inc.
14.3.2 Arradiance, LLC
14.3.3 ASM International
14.3.4 Beneq
14.3.5 CVD Equipment Corporation
14.3.6 Encapsulix
14.3.7 Entegris
14.3.8 Eugene Technology Co., Ltd.
14.3.9 Forge Nano Inc.
14.3.10 Kurt J. Lesker Company
14.3.11 LAM RESEARCH CORPORATION
14.3.12 NANO-MASTER, INC.
14.3.13 Oxford Instruments
14.3.14 Picosun Oy
14.3.15 SENTECH Instruments GmbH
14.3.16 Tempress
14.3.17 Tokyo Electron Limited
14.3.18 Veeco Instruments Inc.