Global Atomic Layer Deposition Equipment (ALD) Market is Estimated to Reach $8 Billion by 2024, Says Accurize Market Research
Global Atomic Layer Deposition Equipment Market report published by Accurize Market Research forecast that the global market is expected to reach $8 billion by 2024; growing at a CAGR of 29% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rising demand for copper deposition equipment in memory devices to drive the market
Major factors driving the atomic layer deposition equipment market include growth in application of ALD equipment in nanotechnology, rise in demand for copper deposition equipment in memory devices, and increasing demand for ALD in medical and aerospace electronics field. Though, high expense on initial investment and lack of skilled labours would hamper the ALD equipment market. Moreover, application of ALD in power devices, and energy storage systems would boost the growth opportunities for market.
Market Segmentation
Global atomic layer deposition equipment market is split into type and application. The type segment is further bifurcated into Metal ALD, Aluminum Oxide ALD, Catalytic ALD, ALD on Polymers, and others. The application segment is divided into semiconductor & electronics, and research & development facilities.
By geography the market is segmented into North America, Europe, Asia-Pacific and rest of the world (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers Russia, U.K., Germany, France, Italy and Rest of Europe. Asia-Pacific covers China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Middle East and Africa.
"Aluminum Oxide ALD accounted for the largest market share in the type segment", says Accurize
Aluminum Oxide ALD segment was followed by the metal ALD segment and accounted for the largest market share in 2017 owing to its extensive usage in various applications such as solar cell surface passivation, dielectric layers, insulating layers and others. Whereas in the application segment, semiconductors & electronics dominated the application segment accounting for more than two-third of the global market share.
"Asia-Pacific dominated the global market with the highest market share over the forecast period", says Accurize
Asia-Pacific accounted for the largest market share of 52.5% in 2017. North America accounted for the second largest market share of 21.2% in 2017, due to technological advancement and growing application of atomic layer deposition equipment across automotive, semiconductor, and industrial sectors, among others. Asia-Pacific is expected to attain the fastest CAGR of 29.9% during the forecast period 2017-2025 in terms of growth.
Top players in the market
Prominent players active in the market include N.V., Novellus Systems Inc., Hitachi Kokusai Electric Inc., Aixtron SE, Tokyo Electron Ltd., Ultratech Inc., Adeka Corp, Applied Materials Inc., ATMI Inc., Cambridge NanoTechInc, and ASM International, among others.
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