The global atomic layer deposition market was reached at US$ 3.7 billion in 2020 and expected to hit US$ 7.5 billion by 2030 with a compound annual growth rate (CAGR) of 7.3% from 2021 to 2030.
The growing demand for the atomic layer deposition is driven by the rising usage of atomic layer deposition in the manufacturing of the new and advanced designed chips. Atomic layer deposition is one of the best methods for the production of thin films. Atomic layer deposition is an important method in the semiconductor device fabrication. Further, the growth of the global atomic layer deposition market is exponentially driven by the growing adoption of compact or miniature equipment and devices. With the growth of the various smart and energy efficient technologies, the demand for the small and portable devices increased rapidly all over the world. The utmost growth of the miniature electronic devices has significantly fueled the production and consumption of the atomic layer deposition technique.
The atomic layer deposition market is highly influenced by the rapid growth of the semiconductors and the electronics industry across the globe. The growing demand for the miniature electronics from the automotive sector is positively fostering the growth of the atomic layer deposition market across the globe. The growing popularity and demand for the newly introduced electric vehicles is expected to boost the growth of the atomic layer deposition market across the global automotive industry. Moreover, the growing applications of atomic layer deposition in solar devices are augmenting the market growth. Nations like India and Japan, where energy costs are high are increasingly investing of the development of the solar infrastructure that would boost the demand for the atomic layer deposition technique. A number of companies uses atomic layer deposition to produce mini components at a cheaper cost. This propels the growth of the atomic layer deposition market globally.
By product, the aluminium oxide segment led the global atomic layer deposition market with remarkable revenue share in 2020 and is anticipated to retain its dominance throughout the forecast period. The production of aluminium oxide thin film through atomic layer deposition helps to encapsulate organic light emitting devices or the OLEDs. The growing demand for the OLEDs from the electronic industry has significantly propelled the segment growth in the past years.
On the other hand, the plasma enhanced is estimated to be the most opportunistic segment during the forecast period. The plasma enhanced atomic layer deposition technique facilitates deposition at extremely lower temperatures that helps to develop films with better properties as compared to any other conventional atomic layer deposition. Furthermore, the enhance plasma atomic layer deposition technique can be used to modify surface by modifying nucleation and adhesion through plasma exposure. This is considered to be a versatile method that facilitates nanoscale production in the emerging applications.
By application, the semiconductors segment led the global atomic layer deposition market with remarkable revenue share of around 40% in 2020 and is anticipated to retain its dominance throughout the forecast period. This is attributed to the extensive and growing usage of semiconductors in electronics, transistors, and integrated circuits. Semiconductors efficiently control the flow of electricity and have wide applications owing to its low cost, reliability, miniature size, and power efficiency.
On the other hand, the solar devices segment is estimated to be the most opportunistic segment during the forecast period. This is attributed to the growing government initiatives to shift towards the extensive uses of green energy. The growing environmental concerns due to the emissions from the conventional devices and fuels. Therefore the growing popularity and adoption of solar devices is expected to fuel the growth of this segment during the forecast period.
Based on the region, the Asia Pacific dominated the global atomic layer deposition market in 2020, in terms of revenue and is estimated to sustain its dominance during the forecast period. Asia Pacific is the manufacturing hub for the electronics, medical equipment, semiconductors, and solar industries. The major economies such as China, Japan, South Korea, and Taiwan, where the production of electronics and semiconductors are huge, have resulted in an increased consumption the atomic layer deposition technique, thereby leading to the growth of the market in the region. The further investments and government policies in economies like India are attracting FDIs for setting up various industrial manufacturing units. This would further propel the consumption of the atomic layer deposition. Therefore, Asia Pacific is the dominating market and also expected to be the fastest-growing atomic layer deposition market during the forecast period.
On the other hand, North America is the second largest region for the atomic layer deposition market. The North America is one of the highest consumers of the electronics across the globe. Further, the growing investments on the research and development on the solar energy is boosting the growth of the atomic layer deposition market across North America. Furthermore, the increased penetration of automotive in the region owing to the higher demand for the transportation facilities is indirectly boosting the demand for the atomic layer deposition technique in the region.
Key Companies & Market Share Insights
The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improved services. Moreover, they are also focusing on maintaining competitive pricing.
In July 2021, Hermes-Epitek Corporation Pte, a Taiwan-based distributor of high-tech equipment, entered into a partnership with Picosun Group that aimed at expanding Picosun Group’s sales and service networks across the globe.
These developmental strategies are undertaken by the key market players operating in the global atomic layer deposition market in order to expand their business and acquire market share.
Report Scope of the Atomic Layer Deposition Market
|Market Size||USD 7.5 Billion by 2030|
|Growth Rate||CAGR of 7.3% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Application, Region|
|Companies Mentioned||Picosun Group, Applied Materials, Inc., Veeco Instruments, Inc., Denton Vacuum, LLC., Lam Research Corporation, Tokyo Electron Ltd., Canon Anvela Corporation, ALD NanoSolutions, Inc., ASM International, Beneq Oy., Kurt J. Lesker Company|
Some of the prominent players in the atomic layer deposition market include:
Segments Covered in the Report
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