Global Atomic Layer Deposition Equipment Market Report, published by Variant Market Research, forecast that the global market is expected to reach $8,059 million by 2024 from $1,041 million in 2016; growing at a CAGR of 29.1% from 2016 to 2024. By geography, Asia-Pacific and Rest of the world (RoW) are expected to grow at a CAGR of 29.9% and 29.7%, respectively, during the forecast period.
"Atomic Layer Deposition Equipment Market (By Type: Metal ALD, Aluminum Oxide ALD, ALD on Polymers, Catalytic ALD, and others; By Application: Research & Development Facilities and Semiconductor & Electronics; By Geography: North America, Europe, Asia-Pacific, and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024"
To browse the complete report, visit at: https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/atomic-layer-deposition-equipment-market
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 are the major driving factors of the atomic layer deposition equipment market. However, high cost of initial investment and lack of skilled workforce would act as a restraint for the ALD equipment market. Application of ALD in power devices, and energy storage systems would provide several growth opportunities for the market in the coming years.
The global atomic layer deposition equipment market is categorized into type and application. Under type segment, the market is further bifurcated into Metal ALD, Aluminum Oxide ALD, Catalytic ALD, ALD on Polymers, and others. The Aluminum Oxide ALD segment was followed by the metal ALD segment and accounted for the largest market share in 2016 owing to its extensive usage in various applications such as solar cell surface passivation, dielectric layers, insulating layers and others. Furthermore, application segment includes semiconductor & electronics, and research & development facilities. Semiconductors & electronics dominated the application segment accounting for more than two-third of the global market share.
Geographically, the global ALD equipment market has been segmented into North America, Europe, Asia-Pacific, and RoW. Asia-Pacific accounted for the largest market share of 52.5% in 2016, owing to the presence of cheap skilled labour & land, and government subsidies which have increased the adoption of ALD equipment in the region. North America accounted for the second largest market share of 21.2% in 2016, driven by technological advancement and growing application of atomic layer deposition equipment across automotive, semiconductor, and industrial sectors, among others. In terms of growth, Asia-Pacific is expected to attain the fastest CAGR of 29.9% during the forecast period 2016-2024.
The major players in the atomic layer deposition equipment 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 NanoTech Inc, and ASM International, among others.
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