USD 2.36 Billion
Atomic Layer Deposition Market Size, Share, and Growth Analysis
Global Atomic Layer Deposition Market By Product (Thermal ALD, Plasma-enhanced ALD), By Application (Electronics & Semiconductors, Solar Devices), By Region -Industry Forecast 2024-2032
Report ID:
SQMIG45O2009 |
Region:
Global |
Published Date: October, 2024
Pages:
197
|Tables:
63
|Figures:
75
Format -
Atomic Layer Deposition Market Insights
Atomic Layer Deposition Market size was valued at USD 2.36 Billion in 2023 and is poised to grow from USD 2.66 Billion in 2024 to USD 6.82 Billion by 2032, growing at a CAGR of 12.50% during the forecast period (2025-2032).
Rapidly increasing digitization around the world has led to a major upsurge in the demand for novel semiconductors and chips, which is expected to bolster atomic layer deposition (ALD) adoption going forward. Surging demand for better semiconductors and rising use of atomic layer deposition in solar cell production are also expected to favor atomic layer deposition market growth over the coming years. High investments in semiconductor manufacturing and advancement of semiconductor technologies are also slated to promote the demand for atomic layer deposition in the long run. Growing use of flexible electronics, high demand for wearables, and increasing medical device manufacturing are also slated to present new opportunities for atomic layer deposition suppliers over the coming years. On the contrary, slow deposition rates, competition from alternative deposition technologies, complexity in integration, and high costs of equipment are expected to hurt the adoption of atomic layer deposition across the study period and beyond.
US Atomic Layer Deposition Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Thermal ALD
Fastest Growth
Plasma-enhanced ALD
Growth Rate
12.50% CAGR
Global Atomic Layer Desposition Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Atomic Layer Deposition Market Segments Analysis
Global Atomic Layer Deposition Market is segmented by Product, Application, application, end user and region. Based on component, the market is segmented into Thermal ALD, Metal ALD, Plasma-enhanced ALD, and Others. Based on Application, the market is segmented into Electronics & Semiconductors, Solar Devices, Medical, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Atomic Layer Deposition Market Analysis by Product
Thermal ALD is estimated to account for a dominant chunk of the global atomic layer deposition market share over the coming years. Thermal ALD is capable of producing uniform layers with surface control and conformance on any surface geometry, which makes it a preferred choice for multiple applications in semiconductor industry. Simple access to precursor materials and high stability on a variety of substrates are also key benefits of thermal atomic layer deposition allowing it to bring the most revenue for market players. Surging demand for aluminum oxide film is also expected to further bolster the dominance of this segment.
However, the demand for plasma-enhanced ALD is expected to increase at an impressive CAGR over the coming years. Thin film deposition at lower temperatures is a key benefit of plasma-enhanced ALD that makes it a highly opportune segment for all companies involved in the global atomic layer deposition industry. High investments in the R&D of novel plasma-enhanced ALD technologies are also slated to offer new revenue generation opportunities through 2031. However, the high costs of plasma-enhanced atomic layer deposition technology and specialized application scope have allowed it to hold a limited share of the global atomic layer deposition demand outlook.
Atomic Layer Deposition Market Analysis by Application
Electronics & semiconductor application is projected to account for a dominant share of the global atomic layer deposition industry. Rapidly surging demand for novel semiconductors owing to rising digitization around the world and increasing sales of consumer electronics are forecasted to help bolster the high market share of this segment. Growing investments in advancements of semiconductor technologies and efforts to maximize semiconductor manufacturing are also expected to bolster atomic layer deposition demand over the coming years. Electrification of vehicles and rising use of wearable electronics are also slated to help boost revenue generation via this segment.
Meanwhile, the solar devices segment is forecasted to offer a plethora of new opportunities for atomic layer deposition providers in the long run. Growing emphasis on sustainability, rising demand for renewable energy, and advancements in solar technologies are expected to promote the adoption of atomic layer deposition in this segment going forward. The availability of incentives and subsidies for sales and purchase of solar devices is also expected to create new opportunities for atomic layer deposition companies targeting this segment in the long run. Launch of new efforts and regulations to reduce carbon footprint are also expected to bolster the demand for solar devices in the future.
Global Atomic Layer Desposition Market By Product
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Atomic Layer Deposition Market Regional Insights
The Asia Pacific region is slated to account for a massive chunk of the global atomic layer deposition market share. The presence of a robust semiconductor manufacturing industry in this region coupled with high demand for consumer electronics makes it the most lucrative regional market. Rapid digital transformation, increasing emphasis on sustainability, and growing adoption of solar energy devices are estimated to bolster the adoption of atomic layer deposition in this region. China, Japan, Taiwan, and South Korea are slated to be the most rewarding markets for atomic layer deposition providers in the Asia Pacific region through 2031 and beyond.
Meanwhile, the demand for atomic layer deposition in the North American region accounts is slated to rise at a notable pace across the study period. Growing investments in development of semiconductor manufacturing facilities and rising demand for solar energy systems and devices are also predicted to offer new business scope for companies. Increasing lithium-ion battery manufacturing and rising number of data centers in this region also present new opportunities for atomic layer deposition companies in the long run. Canada and the United States are anticipated to emerge as leading revenue generators in the North American region over the coming years.
Global Atomic Layer Desposition Market By Region
- Largest
- Fastest
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Atomic Layer Deposition Market Dynamics
Atomic Layer Deposition Market Drivers
Surging Demand for Semiconductors
- Rapid digitization of different industry verticals has bolstered the demand for semiconductors on a global level, which in turn is forecasted to favor the global atomic layer deposition market outlook as well. The high precision of atomic layer deposition in depositing ultra-thin films to smaller, faster, and more energy-efficient chips is creating new opportunities for companies.
Rising Demand for Solar Energy
- Growing emphasis on sustainability around the world has bolstered the adoption of solar energy systems. This has resulted in high demand for solar panels and solar cells. Extensive use of atomic layer deposition in the production of solar cells, especially in passivation layers that enhance efficiency, and durability is expected to promote market development in the long run.
Atomic Layer Deposition Market Restraints
Slow Desposition Rates
- The atomic layer deposition process follows a layer-by-layer deposition approach, which is much slower than other deposition methods available in the market. This limitation makes atomic layer deposition less suitable for applications requiring high throughput thereby hurting the overall atomic layer deposition demand outlook going forward.
Competition from Alternative Technologies
- Atomic layer deposition faces severe competition from other disposition techniques such as chemical vapor deposition (CVD) and physical vapor deposition (PVD). These alternative technologies are more efficient and most cost-effective as compared to atomic layer deposition, which is more companies are expected to opt for these and hurt adoption of atomic layer deposition in the future.
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Atomic Layer Deposition Market Competitive Landscape
Asia Pacific region should be the prime focus of all atomic layer deposition providers across the study period. Improving throughput of atomic layer deposition solutions and systems is also expected to be a key area of interest going forward. Product innovation and integration of advanced technologies are slated to present new opportunities for atomic layer deposition market players in the long run.
Top Players in Atomic Layer Deposition Market
- Forge Nano Inc. (US)
- Beneq Group (Finland)
- Oxford Instruments plc (UK)
- The Kurt J. Lesker Company (US)
- SENTECH Instruments GmbH (Germany)
- Arradiance, LLC (US)
- NCD Co. Ltd. (South Korea)
- Lam Research Corporation (US)
- ASM International (Netherlands)
- Applied Materials, Inc. (US)
- Veeco Instruments Inc. (US)
- CVD Equipment Corporation (US)
- Tokyo Electron Limited (Japan)
- Encapsulix SAS (France)
- Aixtron SE (Germany)
- NANO-MASTER, Inc. (US)
- Lotus Applied Technology LLC (US)
- SAXE Group (Germany)
- Atomic Layer Deposition Systems LLC (US)
- Meaglow Ltd. (Canada)
- Intevac, Inc. (US)
- IHI Corporation (Japan)
- OkyayTech ALD (Turkey)
Atomic Layer Deposition Market Recent Developments
- In August 2024, Kalpana Systems, leading Dutch thin film equipment provider announced the launch of spatial atomic layer deposition (sALD) equipment. The new machine is expected to be used in roll-to-roll manufacturing of solar PV, organic light emitting diodes, batteries, and packaging materials.
- In July 2024, Forge Nano Inc., a renowned supplier of atomic layer deposition equipment announced the launch of its new atomic layer deposition offering. TEPHRA™ is the company’s new single-wafer, ALD cluster platform capable of providing single-wafer quality coating with throughput speeds of batch systems.
- In April 2021, Eugune Technology, a renowned South Korean provider of semiconductor deposition equipment announced that it had won a large order to supply atomic layer deposition equipment for Samsung Electronics’ semiconductor division. The company was in competition with Kokusai Electric for this order.
Atomic Layer Deposition Key Market Trends
- Development of High-Volume Manufacturing ALD Systems: Atomic layer deposition companies should focus on the development of high-volume manufacturing ALD systems for large-scale applications such as OLED displays and advanced semiconductors. These solutions can help overcome the issue of high throughput and unleash the full growth potential of the global atomic layer deposition industry for companies in the long run.
- Use in Battery Technology: Atomic layer deposition companies can also maximize their revenue generation potential by utilizing this technology in the production of advanced lithium-ion batteries. Atomic layer deposition can be used to create protective coatings on electrodes of batteries to enhance their performance and longevity thereby making it a crucial atomic layer deposition market trend for the future.
Atomic Layer Deposition Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, advancements in semiconductor technologies and rising demand for semiconductors and solar devices are slated to drive atomic layer deposition market growth in the future. However, competition from alternative deposition technologies and slow speed of deposition are expected to impede the adoption of atomic layer deposition over the coming years. The Asia Pacific region is estimated to spearhead the demand for atomic layer deposition owing to the presence of key semiconductor and electronics manufacturers in countries such as Japan, China, and Taiwan. Use of atomic layer deposition in battery technology development and creation of high-volume manufacturing systems are slated to present new opportunities for atomic layer deposition providers in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.36 Billion |
| Market size value in 2032 | USD 6.82 Billion |
| Growth Rate | 12.50% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Atomic Layer Deposition Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Atomic Layer Deposition Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Atomic Layer Deposition Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Atomic Layer Deposition Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Atomic Layer Deposition Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Atomic Layer Deposition Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Atomic Layer Deposition Market Report Snapshots
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