Market Challenges And Opportunities
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 - 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).
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.
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