Atomic layer deposition market

Atomic Layer Deposition Market, By Product (Aluminum Oxide, Metal, Catalytic, Plasma Enhanced, and Others), By Application (Solar Devices, Semiconductors, Electronics, Medical Equipment, and Others), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East and Africa)

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Sep 2023
CMI5115
120 Pages
Excel & Pdf
Advanced Materials

Summary

The global atomic layer deposition Market was valued at US$ 2.03 Bn in 2023, exhibiting a CAGR of 13.1% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 4.81 Bn by 2030.

Atomic layer deposition (ALD) is a thin film coating technique that deposits a film one atomic layer at a time on a component or system in a controlled manner. Traditional thin film technologies such as chemical vapor deposition (CVD), spin coating, and physical vapor deposition (PVD) cannot function in nanometer-scale deposits; this process has been used in the semiconductor industry.

Covid-19 Impact on Global Atomic Layer Deposition Market

The global economy has been affected by the coronavirus pandemic as governments across the globe imposed lockdown measures to curb people’s movement. Due to these lockdowns, industrial activities were halted, and international travel was halted. These measures had a significant took on almost all industrial sectors. Factories and manufacturing facilities also faced supply chain breakdowns and labor shortages. The COVID-19 pandemic continues to wreak havoc on the supply chain of the atomic layer deposition industry. Various countries and sub-regions such as the U.S., Germany, France, China, India, Japan, South Korea, Taiwan, and ASEAN are prominent markets in terms of both production and consumption of atomic layer deposition. These countries are heavily impacted by COVID-19. The pandemic has slowed the atomic layer deposition manufacturing projects due to labour shortages and disruptions in the supply of raw materials. Due to such interruptions to global trade, the projects under construction were delayed, resulting in higher capital expenditure (CAPEX), which in turn halted the supply of atomic layer deposition.

Global Atomic Layer Deposition Market - Drivers

Rising adoption of electronics and semiconductor solutions: Rising adoption of electronics and semiconductor solutions across the globe acts as one of the major factors driving the growth of the global atomic layer deposition market. Various deposition instruments are used in the manufacturing of semiconductors, such as copper electrodes, high-K dielectric gate stacks, and copper barrier or seed layers. For instance, according to data published by India's national Investment Promotion and Facilitation Agency in March 2022, which comes under the Union Ministry of Commerce and Industry, India’s domestic production in electronics has increased from US$ 29 billion in 2014-15 to US$ 67 billion in 2020-21.
Rising green energy sources coupled with growth of solar power industry: Increasing concerns for global warming and climate change have encouraged governments around the globe to move towards renewable and green energy sources. Hence, growing adoption of renewable energy is expected to drive the global atomic layer deposition market’s growth. For instance, according to the Center for Climate and Energy Solutions (C2ES) report published in July 2021, an independent, nonpartisan, non-profit organization, renewable energy is the fastest-growing energy source in the U.S., increasing 42% from 2010 to 2020 (up 90% from 2000 to 2020).

Figure 1: Global Atomic Layer Deposition Market , By Product, 2023

Global Atomic Layer Deposition Market - Restraints

High investment required for research & development: The high investment required for research and development is expected to obstruct the global atomic layer deposition market’s growth over the forecast period. Moreover, the process of ALD is gradual, and this is known to be its major limitation.

Global Atomic Layer Deposition Market - Segmentation

Among product, theluminium oxide segment accounted for the highest market share of 33% in the global atomic layer deposition market in 2022. The use of atomic layer deposition to create aluminium oxide thin films aids in the encapsulation of organic light emitting devices, or OLEDs. The growing demand for OLEDs from the electronic industry has propelled the segment's growth.

Atomic Layer Deposition Market Report Coverage

Report Coverage	Details
Base Year:	2022	Market Size in 2023:	US$ 2.03 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 to 2030
Forecast Period 2023 to 2030 CAGR:	13.1%	2030 Value Projection:	US$ 4.81 Bn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Product Type: Aluminium Oxide, Metal, Catalytic, Plasma Enhanced, Others By Application: Solar Devices, Semiconductors, elecom & Optics, Electronics, Medical Equipment, Others
Companies covered:	ALD Nano Solutions, Inc., Applied Materials, Inc., ASM International, Beneq, Denton Vacuum, Hitachi, Kurt J. Lesker Company, Lam Research Corporation, Tokyo Electron, and Wonik IPS
Growth Drivers:	Rising adoption of electronics and semiconductor solutions Rising green energy sources coupled with growth of solar power industry
Restraints & Challenges:	High investment required for research & development

Global Atomic Layer Deposition Market - Opportunities

Major players in this market focus on expanding their manufacturing facilities: Major players in this market focus on expanding their manufacturing facilities, investments, infrastructural development, and integration opportunities across the value chain. With these strategies, atomic layer deposition equipment companies cater to increasing demand, ensure competitive effectiveness, develop innovative products and technologies, reduce production costs, and expand their customer base. In February 2020, to enable high-performance photonics devices, a suite of Lumina Metal-organic chemical vapour deposition (MOCVD) devices was introduced by Veeco Instruments.

Figure 2: Global Atomic Layer Deposition Market , By Product, 2023

Global Atomic Layer Deposition Market - Trends

The semiconductor and electronics industries are expected to drive demand

The semiconductor and electronics industries are expected to drive demand for atomic layer deposition technology. While the semiconductor industry is expected to have a direct impact on the technology's development, any increase in the electronics industry will help the technology advance. As a result, the atomic layer deposition market is expected to grow in the forecast period.

Global Atomic Layer Deposition Market - Regional Insights

Among regions, Asia Pacific held a dominant position in the global atomic layer deposition market in 2022, accounting for 67% market share in terms of revenue, followed by North America and Europe. Due to the increasing semiconductor and medical equipment industry

Global Atomic Layer Deposition Market - Key Developments

In October 2022, Samco, a global manufacturer of etching, deposition, and surface treatment processing equipment for the semiconductor and related industries and academic facilities, launched the new Plasma Enhanced Atomic Layer Deposition (PEALD) system, the “AD-800LP”. The main target of the system is gate oxide film deposition for next-generation power devices made of silicon carbide (SiC) and gallium nitride (GaN) materials, which will play an essential role in carbon neutrality.
In June 2022, Picosun Oy was acquired by Applied Materials, Inc., a leading US-based semiconductor equipment company.This is the largest exit in CapMan’s operating history, measured by the portfolio company’s exit value. Picosun provides global industries with the most advanced ALD (Atomic Layer Deposition) thin film coating solutions. Picosun’s ALD solutions enable a technological leap into the future with turn-key production processes and unmatched, pioneering expertise in the field – dating back to the invention of the technology itself.
In June 2022, SPARC, a new deposition technology for advanced logic and DRAM, was introduced by Lam Research Corporation. With its SPARC technology, Lam produces homogenous, strong low-k films that comply with features both in terms of composition and thickness. The delicate SPARC film is applied without the use of direct plasma, which may harm the delicate equipment underneath.
In June 2022, Applied Materials completed its acquisition of Picosun. This will help broaden the company’s portfolio of specialty chips.

Global Atomic Layer Deposition Market - Key Players

Key players operating in the global atomic layer deposition market include ALD Nano Solutions, Inc., Applied Materials, Inc., ASM International, Beneq, Denton Vacuum, Hitachi, Kurt J. Lesker Company, Lam Research Corporation, Tokyo Electron, and Wonik IPS

*Definition: Atomic layer deposition (ALD) is a thin film coating technique that deposits a film one atomic layer at a time on a component or system in a controlled manner. Traditional thin film technologies such as chemical vapour deposition (CVD), spin coating, and physical vapour deposition (PVD) cannot function in nanometer-scale deposits; this process has been used in the semiconductor industry.

Table of Content

Table of Contents

*Browse 24 market data tables and 28 figures on “Global Atomic Layer Deposition Market” - Global Forecast to 2030

Segmentation

Atomic Layer Deposition Market Detailed Segmentation:

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

By Region:

North America

U.S.

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Canada

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Europe

U.K.

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Germany

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

France

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Italy

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Spain

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Russia

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Rest of Europe

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Asia Pacific

China

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

India

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Japan

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

ASEAN

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Australia

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

South Korea

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Rest of Asia Pacific

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Latin America

Brazil

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Mexico

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Rest of Latin America

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Middle East

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Israel

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Rest of Middle East

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Africa

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

Central Africa

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment
Others

South Africa

By Product Type:

Aluminium Oxide
Metal
Catalytic
Plasma Enhanced
Others

By Application:

Solar Devices
Semiconductor
Electronics
Medical Equipment

- Frequently Asked Questions -

What will the market size of the global atomic layer deposition market in 2030 and at what rate will it grow?

The market for global atomic layer deposition market is estimated to surpass US$ 4.81 Bn by 2030, exhibiting a CAGR of 13.1% between 2023 and 2030.

What are the major growth driving factors for the market during the forecast period?

Rising adoption of electronics and semiconductor solutions across the globe is a major factor that is expected to drive market growth.

What is the Compound Annual Growth Rate (CAGR) of the market during the forecast period (2023-2030)?

The market is expected to exhibit a CAGR of 13.1% during the forecast period (2023-2030).

Who are the prominent players in the market?

Major players operating in the market include ALD Nano Solutions, Inc., Applied Materials, Inc., ASM International, Beneq, Denton Vacuum, Hitachi, Kurt J. Lesker Company, Lam Research Corporation, Tokyo Electron, and Wonik IPS

What are the key factors hampering the growth of the market?

High investment required for research and development is expected to hampering the growth of the market.