North America Atomic Layer Deposition Market to Receive Overwhelming CAGR of 14.7% by 2029 | ADEKA CORPORATION, AIXTRON, Applied Materials, Inc.,

Market Definition

Atomic layer deposition (ALD) refers to the process of deposition of precursor materials on substrates for improving or modifying properties such as chemical resistance, strength, and conductivity. The process is considered a sub-division of chemical vapor deposition (CVD) in atomic layer deposition. Most of the time, two chemicals are utilized for the reaction, generally called precursors.

Data Bridge Market Research analyses that the North America atomic layer deposition market will grow at a CAGR of 14.7% during the forecast period of 2022 to 2029. 

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North America Atomic Layer Deposition Market Analysis and Insights

The North America atomic layer deposition market is expected to drive due to an increase in demand for semiconductor industries. As semiconductor is the main component or application of ALD, the increase in demand for semiconductor help increases the demand for ALD. Some other factors expected to drive the market growth are raising concerns about energy harvesting results in the high growth of photovoltaic (PV) cells.

The primary factor anticipated to limit the market is the high initial investment cost in producing ALD, which has affected the market growth.

North America Atomic Layer Deposition Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers:

HIGH DEMAND FOR MICROELECTRONICS AND CONSUMER ELECTRONICS

Microelectronics is a process of manufacturing electronic components at the microscopic level. The microelectronics market is rapidly growing due to the demand for inexpensive and lightweight equipment. Microelectronics components include transistors, capacitors, diodes, resistors, inductors, and others. All these electronic components are used to manufacture mobile phones, laptops, electronic toys, and others.

RAISING CONCERN ON ENERGY HARVESTING RESULTS IN HIGH GROWTH OF PHOTOVOLTAIC (PV) CELLS

Photovoltaic (PV) is commonly called an energy harvesting technology, and the technology is used to convert solar energy into electric energy, which is electricity. The demand for photovoltaic cells has been increasing due to the relatively low price and wide range of applications such as solar traffic lights, solar power pumps, solar lamps, solar power calculators, and others.

Restraint

HIGH INITIAL INVESTMENT COSTS

Atomic layer deposition (ALD) is the deposition of precursor materials on substrates to improve/modify properties such as conductivity, chemical resistance, and strength. To provide ALD services, the provider has to buy equipment for the atomic layer deposition process, such as Cambridge NanoTech Fiji F200 Atomic Layer Deposition System, Open Load ALD System: OpAL, ALD 200L Series from Kurt J. Lesker Company, Cambridge NanoTech Savannah Series Atomic Layer Deposition System, Plasma & Thermal ALD System: FlexAL, Ion Beam Deposition System: IonFab IBD and Cambridge NanoTech Savannah Series Atomic Layer Deposition System.

The price of each piece of equipment is around USD 10000, and the provider must buy all equipment to provide all types of atomic layer deposition services. The cost of equipment would be very high to provide all types of atomic layer deposition services. Thus, many buyers will avoid buying due to the high cost compared to regular furniture.

Opportunity

TREND OF MINIATURIZATION

Miniaturization is the process of manufacturing the smallest mechanical, electronic, and optical devices. In other words, it is a process of making electronic devices smaller. Miniaturization is in trend because everyone wants smaller, compacted, more portable devices. Now nanotechnology has the potential to transform the molecular beam into nano-devices (functional). This is a big step toward miniaturization.

Competitive Landscape and North America Atomic Layer Deposition Market Share Analysis

The competitive North America atomic layer deposition market provides details about the competitors. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the company's focus on the North America atomic layer deposition market.

Some of the major players operating in the North America atomic layer deposition market are ADEKA CORPORATION, AIXTRON, Applied Materials, Inc., ASM International, LAM RESEARCH CORPORATION, Tokyo Electron Limited, Kurt J. Lesker Company, Veeco Instruments Inc., ANRIC TECH., SENTECH Instruments GmbH, Oxford Instruments, Forge Nano Inc., Merck KGaA, HZO, Inc., Picosun Oy., among others.

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning grids, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, North America Vs Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.

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Challenge

ALTERNATIVES OF ATOMIC LAYER DEPOSITION

The chemical vapor deposition process is widely used to produce high-quality, high-performance thin films. The chemical vapor deposition process is commonly used in the semiconductor industry. On the other hand, physical vapor deposition (PVD) is a method used to produce thin films and coatings with high temperature, high strength, excellent abrasion resistance, and others. Chemical vapor deposition and physical vapor deposition can be used as alternatives to atomic layer deposition due to the below advantages over atomic layer deposition.

Chemical vapor deposition has a higher deposition rate than atomic layer deposition
In chemical vapor deposition, deposit material is hard to evaporate
The physical vapor deposition process can operate in low temperatures as compared to atomic layer deposition
Physical vapor deposition can control the chemical composition

Recent Development

In September 2020, Lam Research introduced Advanced Dielectric Gapfill Technology to Enable Next-Generation Devices. This technology combines the ability to produce high-quality oxide films with superior gap-fill performance in a single processing system with the productivity advantages offered by our industry-leading quad station module architecture. Its goal is to provide customers with the most enabling ALD technology.
North America Atomic Layer Deposition Market Scope

The North America atomic layer deposition market is segmented based on product type, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type
Metal ALD
Aluminium Oxide ALD
Plasma Enhanced ALD
Catalytic ALD
Others

On the basis of product type, the North America atomic layer deposition market is classified into metal ALD, aluminium oxide ALD, plasma enhanced ALD, catalytic ALD, and others.

Application
Semiconductors
Electronics
Solar Devices
Medical Equipment
Optical Devices
Thermoelectric Materials
Fuel Cells
Research & Development Facilities
Magnetic Heads
Sensors
Barrier Layers
Primer Layers
Non-IC Application
Others

On the basis of application, the North America atomic layer deposition market is classified into semiconductors, solar devices, electronics, medical equipment, research & development facilities, fuel cells, optical devices, thermoelectric materials, magnetic heads, sensors, barrier layers, primer layers, non-IC application, and others.

North America Atomic Layer Deposition Market Regional Analysis/Insights

The North America atomic layer deposition market is analyzed, and market size insights and trends are provided based on country, product type, and application as referenced above.

Some countries covered in the North America atomic layer deposition market report are the U.S., Canada, and Mexico.

The U.S. is expected to dominate the North American atomic layer deposition market in terms of market share and revenue. It is estimated to maintain its dominance during the forecast period due to the growing concerns about energy harvesting resulting in the high growth of photovoltaic (PV) cells.

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