Atomic Layer Deposition (ALD) Market is anticipated to grow at a CAGR 25% from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “Atomic Layer Deposition (ALD) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global atomic layer deposition (ALD) was valued at over US$ 723.9 Mn in 2018 and is anticipated to grow at a CAGR 25% from 2019 to 2030.
Increasing use of ALD technology across different verticals, like healthcare, nanotechnology and solar energy among others is the prime factor driving the market growth. The rising demand for 3D NAND storage and nano based applications provides significant opportunity to the players present in this market.
The use of ALD equipment in nanotechnology is one of the major factors driving the market growth. Technologically advanced ALD equipment is extensively used as tools for the manipulation of nanotechnology. As the market for nanotechnology is anticipated to grow over the years, this will indirectly influence the growth of ALD market. Moreover, growing demand for 3D NAND memory devices, have contributed significantly to the ALD market, as ALD technologies are widely used in fabrication of these products.
Increasing demand from various end use applications
Rising demand of ALD technology for various end use applications is the major factor driving the market growth. ALD driven nanoscale semiconductor also finds several applications, in functional coatings, catalysis & photo catalysis, renewable energy conversion & storage, chemical sensing, opto-electronics, and flexible electronics. ALD is increasingly used in lithium batteries as it can store large amount of energy in compact size. Moreover, rise in R&D also provide new avenues for the market growth.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Atomic Layer Deposition (ALD) Market by Product (Aluminum Oxide, Catalytic, Metal, Plasma Enhanced (PEALD) and Other Products), Application (Solar Devices, Healthcare, Semiconductors, Electronics, and Other Applications) and Region - Global Analysis & Forecast 2019-2030 in detail along with the table of contents: https://www.marketindustryreports.com/atomic-layer-deposition-Market/45
Slow deposition rate of ALD is the one of the factors hampering the growth of the market. As ALD is a self-limited technology ideally suited for coating nanostructures, the slow deposition rate compared to conventional CVD is anticipated to restrict the growth of ALD market to certain extent.
Key players are looking for advancement in technology
As the market is consolidated with few players holding the significant share in the ALD market, leading players have focused on acknowledging the adoption of ALD technology for the deposition of high quality layers for photovoltaic (PV) applications. ASM International, Tokyo Electron Limited (TEL) and LAM Research Corporation are some of the leading players in the market. Other prominent players in the market are Veeco Instruments Inc., Picosun Oy, Applied Materials, Inc., AIXTRON, Kurt J. Lesker Company, Denton Vacuum, and ADEKA CORPORATION among others
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