Atomic layer deposition (ALD) refers to the process of deposition of precursor materials on substrates for improving or modifying properties such as chemical resistance, strength, and conductivity. The process is considered a sub-division of chemical vapor deposition (CVD) in atomic layer deposition. Most of the time, two chemicals are utilized for the reaction, generally called precursors.
Data Bridge Market Research analyses that the global atomic layer deposition market will grow at a CAGR of 14.7% during the forecast period of 2022 to 2029.
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Atomic Layer Deposition Market Analysis and Insights
The global atomic layer deposition market is expected to drive due to increased demand for semiconductor industries. As semiconductor is the main component or application of ALD, the increase in demand for semiconductor help increases the demand for ALD. Some other factors expected to drive the market growth are raising concerns about energy harvesting results in the high growth of photovoltaic (PV) cells.
The primary factor anticipated to limit the market is the high initial investment cost in producing ALD, which has affected the market growth.
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:
- HIGH DEMAND FOR MICROELECTRONICS AND CONSUMER ELECTRONICS
Microelectronics is a process of manufacturing electronic components at the microscopic level. The microelectronics market is rapidly growing due to the demand for inexpensive and lightweight equipment. Microelectronics components include transistors, capacitors, diodes, resistors, inductors, and others. All these electronic components are used to manufacture mobile phones, laptops, electronic toys, and others.
- RAISING CONCERN ON ENERGY HARVESTING RESULTS IN HIGH GROWTH OF PHOTOVOLTAIC (PV) CELLS
Photovoltaic (PV) is commonly called an energy harvesting technology, and the technology is used to convert solar energy into electric energy, which is electricity. The demand for photovoltaic cells has been increasing due to the relatively low price and wide range of applications such as solar traffic lights, solar power pumps, solar lamps, solar power calculators, and others.
- HIGH INITIAL INVESTMENT COSTS
Atomic layer deposition (ALD) is the deposition of precursor materials on substrates to improve/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 Cambridge NanoTech Fiji F200 Atomic Layer Deposition System, Open Load ALD System: OpAL, ALD 200L Series from Kurt J. Lesker Company, Cambridge NanoTech Savannah Series Atomic Layer Deposition System, Plasma & Thermal ALD System: FlexAL, Ion Beam Deposition System: IonFab IBD and Cambridge NanoTech Savannah Series Atomic Layer Deposition System.
The price of each piece of equipment is around USD 10000, and the provider must buy all equipment to provide all types of atomic layer deposition services. The cost of equipment would be very high to provide all types of atomic layer deposition services. Thus, many buyers will avoid buying due to the high cost compared to regular furniture.
- TREND OF MINIATURIZATION
Miniaturization is the process of manufacturing the smallest mechanical, electronic, and optical devices. In other words, it is a process of making electronic devices smaller. Miniaturization is in trend because everyone wants smaller, compacted, more portable devices. Now nanotechnology has the potential to transform the molecular beam into nano-devices (functional). This is a big step toward miniaturization.
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning grids, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
Some of the Major Players are as follows:
Applied Materials Inc.
LAM RESEARCH CORPORATION
Tokyo Electron Limited
Kurt J. Lesker Company
Veeco Instruments Inc.
SENTECH Instruments GmbH
Forge Nano Inc.
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Global Atomic Layer Deposition Market Scope
The global atomic layer deposition market is segmented based on product type, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Metal ALD
- Aluminium Oxide ALD
- Plasma Enhanced ALD
- Catalytic ALD
On the basis of product type, the global atomic layer deposition market is classified into metal ALD, aluminium oxide ALD, plasma enhanced ALD, catalytic ALD, and others.
- Solar Devices
- Medical Equipment
- Optical Devices
- Thermoelectric Materials
- Fuel Cells
- Research & Development Facilities
- Magnetic Heads
- Barrier Layers
- Primer Layers
- Non-IC Application
On the basis of application, the global atomic layer deposition market is classified into semiconductors, solar devices, electronics, medical equipment, research & development facilities, fuel cells, optical devices, thermoelectric materials, magnetic heads, sensors, barrier layers, primer layers, non-IC application, and others.
According to the regional analysis, the market is primarily spread over key geographical regions as follows:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Frequently Asked Questions:
1. At what growth rate will the market be projected to grow during the forecast period of 2022 to 2029?
2. What is the application segment?
3. Who are the major players operating in the market?
4. Which countries’ data are covered in the report?
About Data Bridge Market Research:
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