Published: Nov, 2016
The global atomic layer deposition (ALD) equipment market is heavily consolidated, according to Transparency Market Research (TMR), with the top five companies accounting for close to 75% of the global market in 2015. ASM International N.V., Aixtron SE, Applied Materials Inc., Tokyo Electron Ltd., and Lam Research Corporation are the leading players operating in the atomic layer deposition equipment market and are likely to extend their dominance over the 2016-2024 forecast period.
Due to the relatively recent innovation and development of atomic layer deposition, focusing on research and development channels is still the key growth strategy for players operating in the atomic layer deposition equipment market. Leading atomic layer deposition equipment manufacturers are thus focusing on opening new research centers, while collaborating with smaller companies who specialize in specific components or technologies has also become a mutually beneficial growth tactic in the global atomic layer deposition equipment market.
The global atomic layer deposition equipment market was valued at US$875 mn in 2015. According to TMR, the market is expected to grow tenfold in the 2016-2024 forecast period, with a robust 29.4% CAGR expected to carry the market to a valuation of close to US$8.6 bn by the end of 2024.
Demand for Atomic Layer Deposition on Particles to Rise Substantially
By product type, the global atomic layer deposition equipment market was dominated by aluminum oxide ALD in 2015; the segment accounted for a dominant 41.5% of the global atomic layer deposition market. However, its share is expected to drop slightly in the coming years, as the demand for ALD on particles is likely to grow in the coming years. “Though not a significant contributor to the market in 2015, the rising use of nanoparticles in a wide range of applications is likely to drive the demand for atomic layer deposition on particles in the coming years,” explained TMR’s lead analyst.
Of the two key applications of atomic layer deposition equipment, the semiconductor and electronics industry is by far the dominant contributor to the global market, with the segment valued at US$742 mn in 2015. It is likely to remain the leading revenue generator for the atomic layer deposition equipment market in the coming years, led by the rising demand for atomic layer deposition in barrier layers and display panels.
Asia Pacific is the leading regional market for atomic layer deposition equipment and accounted for a majority share of 57.2% in the global ALD equipment market in 2015. Despite a steady rise in the demand from other regions, Asia Pacific is likely to remain the leading contributor to the global atomic layer deposition equipment market in the coming years.
Rapid Industrialization, Steady Demand for Consumer Electronics in Asia Pacific Emerge as Key Drivers
The prime driver for the global atomic layer deposition equipment is the booming consumer electronics industry in Asia Pacific. Due to the rising disposable income of consumers in rapidly developing Asia Pacific countries such as China and India, the demand for a wide range of premium consumer electronics has risen rapidly in the last few years, leading to a corresponding rise in the demand for atomic layer deposition due to the now-common use of protective nanocoatings.
The rapid industrialization in Asia Pacific has also generated a significant opportunity for the regional atomic layer deposition equipment market, as protective nanocoatings for industrial equipment are also now being commonly used.
On the other hand, the key restraint on the global atomic layer deposition equipment market is the slower rate of deposition by atomic layer deposition than by chemical vapor deposition. In addition, the range of materials that can be deposited by atomic layer deposition is quite limited, preventing it from attaining widespread demand. Atomic layer deposition also requires extremely pure substrates, which can be costly in the case of some materials.
The information in this preview is taken from a Transparency Market Research report titled ‘Atomic Layer Deposition Equipment Market - Global Industry Analysis Size Share Growth Trends and Forecast 2016 - 2024.’
The global atomic layer deposition equipment market is segmented as follows:
Global Atomic Layer Deposition Equipment Market by Type
- Aluminum Oxide (Al2O3) ALD
- Catalytic ALD
- Metal ALD
- ALD on Polymers
Global Atomic Layer Deposition Equipment Market by Application
- Semiconductor & Electronics
- Barrier Layers
- Integrated Circuit (IC) Applications
- Solar Panels
- Display Panels
- Research & Development Facilities
Global Atomic Layer Deposition Equipment Market by Geography
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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