USD 1.91 billion
Atomic Layer Deposition Market Size, Share, Growth Analysis, By Product(Thermal ALD, Metal ALD, Plasma-enhanced ALD and Others), By Application(Electronics & Semiconductors, Solar Devices, Medical, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45O2009 |
Region:
Global |
Published Date: October, 2024
Pages:
197
|Tables:
63
|Figures:
75
Atomic Layer Deposition Market Insights
Global Atomic Layer Deposition Market size was valued at USD 2.10 billion in 2022 and is poised to grow from USD 2.36 billion in 2023 to USD 6.06 billion by 2031, growing at a CAGR of 12.50% during the forecast period (2024-2031).
Atomic layer deposition is utilised in the manufacturing of integrated circuits (ICs), as well as other parts, devices, and industrial applications. The market for silicon wafers and atomic layer deposition equipment are being driven by the rising demand for semiconductor devices in sectors such consumer electronics, industrial equipment, automotive items, and healthcare equipment.
A growing demand for cosmetics leads to a rise in atomic layer deposition demand, especially as consumers strive to switch to non-petroleum-based goods. The global atomic layer deposition market is expanding as a result of the growing emphasis on personal grooming and excellent hygiene in the cosmetics industry. The personal care and cosmetics industries use atomic layer deposition as non-petroleum product substitutes, which is anticipated to propel the expansion of the worldwide atomic layer deposition market.
In solar cells and other devices, conformal coatings are frequently applied using atomic layer deposition. As a result, the target market is anticipated to develop throughout the projected period due to the increase in demand for solar devices. Furthermore, growing photovoltaic device (PV) installations are a major factor in the solar energy sector's rapid expansion.
US Atomic Layer Deposition Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Thermal ALD
Fastest Growth
Thermal ALD
Growth Rate
12.30% CAGR
atomic layer deposition market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Atomic Layer Deposition Market Segmental Analysis
Global Atomic Layer Deposition Market is segmented by Product, Application, application, end user and region. Based on component, the market is segmented into Thermal ALD, Metal ALD, Plasma-enhanced ALD, and Others. Based on Application, the market is segmented into Electronics & Semiconductors, Solar Devices, Medical, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Atomic Layer Deposition Market Analysis by Product
Based on product, In 2021, Thermal ALD dominated the product market and accounted for 36.3% of global revenue. Regardless of the surface geometry, this kind of atomic layer deposition technology creates uniform layers with surface control and conformance. It is frequently used to deposit molecules that include aluminium. It is also projected that increased industrial penetration will result from the expanding demand for aluminium oxide film produced utilising this deposition method. Due to the homogeneity and lack of pinholes in alumna, the deposited aluminium oxide coating is known to include efficient permeability barriers. Additionally, the segment is expanding due to its good characteristics, simplicity of access to precursor materials, and stability on a variety of substrates.
With a CAGR of 12.6% during the predicted time range, the plasma-enhanced ALD category is among those that are growing the quickest. The advantages of this product, such as encouraging thin film deposition at lower temperatures and a higher growth rate when compared to traditional deposition techniques like thermal ALD, are what are driving the rise in demand for it. As a result of the extensive research efforts for the technology linked to better nucleation, particles and polymers have been deposited. Because to its high capital costs and specialised applications, this technology class occupies a smaller overall share of the market. For instance, ALD on polymers eliminates a lot of space-related problems with polymers.
Atomic Layer Deposition Market Analysis by Application
Based on application, In 2021, the electronics and semiconductors sector held the market's top position and accounted for 45.2% of the market's sales. The market for atomic layer deposition is anticipated to gain from an increase in demand for semiconductors and electronic parts in the automotive sector.
According to the World Economic Forum, semiconductor producers are increasing output rates to keep up with demand. The solar devices section is predicted to be the most favourable during the projection period. The use of conventional tools and power sources has a negative influence on the environment and generates emissions, thus the government has taken particular measures to advance towards the broad use of green energy. The segment's expansion would also be aided by the solar industry's rising acceptance and appeal.
The growing issues with global warming have prompted a change in government policies that aim to reduce carbon footprint, which has led to an increase in the use of environmentally friendly technologies. As a result, the demand for electric vehicles is rising globally. The development of electric vehicles is boosting demand for lithium-ion batteries, which in turn is boosting demand for atomic layer deposition. The rapid expansion of the solar industry is a result of shifting consumer preferences and government measures to minimise greenhouse gas emissions. In solar cells and other devices, conformal coatings are frequently applied using this technique. The application sector for solar devices is anticipated to develop the quickest during the forecast period.
atomic layer deposition market By product, 2021 (%)
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Atomic Layer Deposition Market Regional Insights
Asia Pacific held the greatest market share, accounting for 40.6% of total revenue in 2021 Due to the presence of numerous electronics manufacturers in the regional economies. Increased government spending on infrastructure development is also projected to benefit market expansion in this region by encouraging top electronics and automobile firms to locate manufacturing facilities there. Due to the established electronics manufacturing hubs in South Korea, China, and Taiwan, there is less demand for deposition technologies. The spread of electronics product production, extraordinary modernization, growing economies, and rising consumer electronics consumption have all contributed to the region's growth.
Over the projection period, North America is anticipated to rise significantly, registering a CAGR of 12.2%. The rising number of solar energy projects and data centres constructed across the U.S. to meet the need for renewable and sustainable energy sources is boosting the production of Li-ion batteries and solar systems there. The expansion of the semiconductor and consumer electronics industries in the European region is anticipated to be significantly aided by adequate regulatory support from the government for encouraging domestic-level private investment. Additionally, as interest in nuclear layer testimony grows, notably in Germany and France, more end-client apps are using nuclear layer assertions.
atomic layer deposition market By product, 2021-2028
- Largest
- Fastest
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Atomic Layer Deposition Market Dynamics
Atomic Layer Deposition Market Drivers
Rapid Development of Electric Vehicles are Bolstering demand for Atomic Layer Deposition
- Governments all around the world are investing in and promoting the use of electric vehicles due to growing worries about global warming and environmental degradation. As a result, the market for lithium-ion batteries is expanding due to their potential as an energy source for automobiles. The use of atomic layer deposition in lithium-ion battery manufacturing is having a favourable impact on the market's expansion.
Atomic Layer Deposition Market Restraints
High Cost to Hinder Market Growth
- Precursor materials are deposited on surfaces via atomic layer deposition (ALD). The provider must purchase equipment for the atomic layer deposition process in order to provide ALD services. Each piece of equipment costs roughly USD 10,000, and the service provider must purchase every piece of equipment in order to offer all varieties of atomic layer deposition services. To offer all kinds of atomic layer deposition services, a significant amount of equipment would be required. As a result of the high price compared to standard furniture, many purchasers will refrain from purchasing.
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Atomic Layer Deposition Market Competitive Landscape
atomic layer deposition market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Atomic Layer Deposition Market Top Player's Company Profiles
- Forge Nano Inc. (US)
- Beneq Group (Finland)
- Oxford Instruments plc (UK)
- The Kurt J. Lesker Company (US)
- SENTECH Instruments GmbH (Germany)
- Arradiance, LLC (US)
- NCD Co. Ltd. (South Korea)
- Lam Research Corporation (US)
- ASM International (Netherlands)
- Applied Materials, Inc. (US)
- Veeco Instruments Inc. (US)
- CVD Equipment Corporation (US)
- Tokyo Electron Limited (Japan)
- Encapsulix SAS (France)
- Aixtron SE (Germany)
- NANO-MASTER, Inc. (US)
- Lotus Applied Technology LLC (US)
- SAXE Group (Germany)
- Atomic Layer Deposition Systems LLC (US)
- Meaglow Ltd. (Canada)
- Intevac, Inc. (US)
- IHI Corporation (Japan)
- OkyayTech ALD (Turkey)
Atomic Layer Deposition Market Recent Developments
- In June 2022, Applied Materials announced its market expansion by acquiring Picosun OY, a semiconductor-based company. Collaboration with this company has led to its market expansion and helped them grow.
Atomic Layer Deposition Key Market Trends
- Manufacturing the tiniest mechanical, electrical, and optical components is known as miniaturisation. In other terms, it is a method of decreasing the size of electronic gadgets. Because everyone desires smaller, more compact, and portable devices, miniaturisation is in vogue. Currently, nanotechnology holds the promise of turning the molecular beam into tiny electronics (functional). This is a significant advance in miniaturisation.
Atomic Layer Deposition Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our atomic layer deposition market analysis, The atomic layer deposition technology has significantly improved the quick expansion of tiny electronic devices. Furthermore, the rising adoption of electronics and semiconductor technologies internationally is a factor boosting the market for atomic layer deposition. During the anticipated time, the atomic layer deposition market will also be influenced by the automotive industry.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.10 billion |
| Market size value in 2031 | USD 6.06 billion |
| Growth Rate | 12.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Atomic Layer Deposition Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Atomic Layer Deposition Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Atomic Layer Deposition Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Atomic Layer Deposition Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Atomic Layer Deposition Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Atomic Layer Deposition Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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