Global Atomic Layer Deposition market, which was valued nearly 2(USD Billion) in 2019, is set to record a CAGR of nearly 30% over 2020-2026.
The global Atomic Layer Deposition market, which was valued nearly 2(USD Billion) in 2019, is set to record a CAGR of nearly 30% over 2020-2026. The report offers assessment and analysis of the Atomic Layer Deposition market on a global and regional level. The study provides an in-depth assessment of the industry competition, limitations, sales revenues, opportunities, emerging trends, and industry-validated information. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Atomic layer deposition is a major production procedure used in the semiconductor device fabrication and is a component of a tool set that is available for nanomaterial synthesis. It is utilized in data storage equipment, tiny electronic parts, and displays where the film thickness is necessary. Apparently, the advent of Nano technology has resulted in the product gaining massive acceptance in various sectors across the globe. It is used for producing Nano-coatings as well as thin films.
Market Growth Dynamics
The growth of the market over the forecast timespan is owing to massive demand for the product in semiconductor & power converting systems. In addition to this, the need for solid state thin film batteries is surging due to massive usage of smart watches, implantable medical equipment, and smartphones. Apart from this, launching of new technologies like plasma-enhanced ALD technology will chart a profitable roadmap for atomic layer deposition industry over the forecast timespan.
Furthermore, atomic layer deposition is used for improving the film characteristics at reduced temperature. Additionally, escalating demand for miniature & complex parts will drive the market growth over the estimated timespan. Apparently, the product is also used in tin-sensitive solar cells for enhancing its efficacy. Nonetheless, huge investments required for research activities and preference for nuclear layer deposition to manufacture tiny and relatively low-cost components will hinder the market growth in the foreseeable future. Moreover, government subsidies for prompting the growth of solar power industry will nullify the negative impact of hindrances on the market over the forecast timespan.
Asia Pacific To Contribute Enormously Towards Overall Market Revenue By 2026
The growth of the market in the region over the estimated timespan is due to presence of reputed players in the region and thriving medical equipment sector in the countries of Asia Pacific. Rapid growth of semiconductor & electronics industry and solar energy sector in the countries like South Korea, China, Taiwan, and Japan will prompt the growth of the industry in Asia Pacific region over the projected timeline.
Key players influencing the market growth are Applied Materials, Inc., Tosoh Corporation, Ultratech, Inc., AIXTRON SE, Air Liquide S.A., Adeka Corporation, NCD Co., Ltd., ALD Nanosolutions, Inc., Air Products and Chemicals, Inc., Centrotherm Photovoltaics AG, Hitachi Kokusai Electric Inc., Tokyo Electron Ltd., Arradiance, Inc., ATMI, Inc., Lotus Applied Technology, ASM International N.V., Beneq Oy, Beneq Corporation, Encapsulix SAS, Entegris, Inc., CVD Equipment Corporation, Kurt J. Lesker Company, Levitech B.V., SVT Associates Inc., and Veeco Instruments Inc.
The global atomic layer deposition market is segmented as follows:
The growth of the market over the forecast timespan is owing to massive demand for the product in semiconductor & power converting systems.
The CAGR of the market is expected to reach nearly 30% over 2020-2026.
Asia Pacific will contribute remarkably towards the global market share over the estimated timeline.
The key market players include Ultratech, Inc., AIXTRON SE, Air Liquide S.A., Adeka Corporation, ALD Nanosolutions, Inc., Air Products and Chemicals, Inc., Arradiance, Inc., Applied Materials, Inc., ATMI, Inc., ASM International N.V., Centrotherm Photovoltaics AG, Beneq Oy, Beneq Corporation, Encapsulix SAS, Entegris, Inc., CVD Equipment Corporation, Kurt J. Lesker Company, Hitachi Kokusai Electric Inc., Lotus Applied Technology, Levitech B.V., SVT Associates Inc., NCD Co., Ltd., Tosoh Corporation, Tokyo Electron Ltd., and Veeco Instruments Inc.