The global Atomic Layer Deposition Market was valued at US$ 2.03 Bn in 2023, exhibiting a CAGR of 10% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 4.81 Bn by 2030.
Driver
HIGH DEMAND FOR MICROELECTRONICS AND CONSUMER ELECTRONICS
Microelectronics is the process of manufacturing electronic components at the microscopic level. The microelectronics market is rapidly growing due to the demand for inexpensive and lightweight equipment. Microelectronic components include transistors, capacitors, diodes, resistors, inductors, and others. All these electronic components are used to manufacture mobile phones, laptops, electronic toys, and others.
Market Opportunities
TREND OF MINIATURIZATION
Miniaturization is the process of manufacturing the smallest mechanical, electronic, and optical devices. In other words, it is the process of making electronic devices smaller. Miniaturization is in trend because everyone wants smaller, compacted, and more portable devices. Now nanotechnology has the potential to transform the molecular beam into functional nano-devices. This is a big step toward miniaturization.
Market Restraints
Atomic layer deposition (ALD) is the deposition of precursor materials on substrates to improve or modify properties such as conductivity
Atomic layer deposition (ALD) is the deposition of precursor materials on substrates to improve or modify properties such as conductivity, chemical resistance, and strength. To provide ALD services, the provider has to buy equipment for the atomic layer deposition process, such as the Cambridge NanoTech Fiji F200 Atomic Layer Deposition System, the Open Load ALD System, OpAL, ALD 200L Series from Kurt J. Lesker Company, the Cambridge NanoTech Savannah Series Atomic Layer Deposition System, the Plasma & Thermal ALD System FlexAL, the Ion Beam Deposition System IonFab IBD, and Cambridge NanoTech Savannah Series Atomic Layer Deposition System.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/atomic-layer-deposition-market-5115
Key Takeaways:
- 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, an increasing electronics industry will help the technology advance. As a result, the market for atomic layer deposition equipment is growing in the forecast period. The atomic layer deposition process provide the most precise, reproducible, scalable, and cost-effective coating process to reduce unwanted reactions and enhance the performance of batteries. Atomic layer deposition can be applied to a wide variety of cathode and anode powders to produce benefits including longer cycle life, lower gas generation, slower impedance growth, and higher voltage utilization.
- The market for atomic layer deposition is expected to grow as demand for efficient energy usage grows in response to concerns about the environmental impact of energy generation from conventional sources such as coal and natural gas.
- Major 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
.Market Trends
Various manufacturers are adopting various growth strategies such as partnerships and agreements
The increasing demand for microelectronics and consumer electronics, as well as growing investments in solar energy technology, are major drivers for the atomic layer deposition market. Atomic layer deposition is used in various industries, including electronic and semiconductor, solar devices, medical, and more. The market breakdown by region shows that North America, Europe, Asia Pacific, and the rest of the world are key regions for the atomic layer deposition market. Overall, the atomic layer deposition market is expected to experience significant growth due to increasing demand in various industries and regions.
