Atomic Layer Deposition Equipment Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2028: Oxford Instruments and CVD Equipment Corporation are key players.

Atomic Layer Deposition Equipment Market is expected to grow at a CAGR of 18.91% to reach a market size worth US$8.131 billion by 2028.

The prime factors propelling the growth of the atomic layer deposition equipment market growth are semiconductor industry developments and the automotive industry's expansion.

As per the study, the atomic layer deposition equipment market is expected to grow at a steady pace over the forecast period.

Atomic layer deposition is used for producing thin coatings with accurate control over composition and thickness. It is a procedure that uses self-limiting surface reactions to progressively deposit single atomic layers on a substrate layer using an ALD reactor or system specifically customized to perform this process. ALD systems can be constructed in a wide range of configurations following the specifications of the individual application, including systems for batch processing, continuous roll-to-roll processes, and ALD systems with plasma enhancement. Generally, ALD equipment is essential for creating enhanced materials and precise nanoscale devices. The demand for highly efficient electronics, the developments in nanotechnology, the growing demand for renewable energy, the enlargement of the semiconductor industry, and the expansion of the automotive and medical industries are significant factors driving the market demand for atomic layer deposition equipment.

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The atomic layer deposition equipment market has been segmented into end-users and geography.

The market has been segmented by end-users into semiconductors, electronics, automotive, medical, and others. The automotive and medical sectors are expected to witness significant growth and contribute majorly to the expansion of the atomic layer deposition equipment market. In the medical industry, atomic layer deposition equipment is employed to provide thin, conformal, and homogeneous coatings on various implants and medical devices. Consequently, it is anticipated that the expansion of the medical industry will stimulate demand for atomic layer deposition machinery. For example, according to the statistics released by the OECD, the Japanese government's contribution of public healthcare spending to the country's GDP increased from 9.20% in 2019 to 9.28% in 2021. In addition, it was revealed that South Korean public healthcare expenditure as a percentage of GDP increased from 4.96% in 2019 to 5.68% in 2021.

By region, North America is expected to retain a considerable market share due to the development in electronics consumption in the region fueled by the rising disposable income levels of consumers and the growth in technological advancement leading to the production of advanced electronics. For instance, the annual report released by the US government about the manufacturing industry in 2021 revealed that the manufacture of electronics and technology amounted to approximately 31% of the aggregate manufacturing activities in the country.

In addition, the Asia Pacific region is also predicted to notice significant growth because of the rapid advancement in various atomic layer deposition equipment end-user industries, which has boosted the demand for atomic layer deposition equipment in the region. Furthermore, the semiconductor and electronics industry expansion in Asian nations such as Taiwan, China, South Korea, and Japan has contributed significantly to the rise in demand for atomic layer deposition equipment. For example, the Japanese semiconductor sector was reported to have grown by 19.8% between 2020 and 2021, according to a report released by the International Trade Administration in 2022, contributing to approximately 9% of the aggregate international manufacture of semiconductors. Further, in September 2022, the Indian government announced its intentions to invest over INR 76,000 crores to develop an ecosystem for semiconductor and display manufacturing gadgets nationwide.

The major players covered in the atomic layer deposition equipment market are Arradiance LLC, Oxford Instruments, CVD Equipment Corporation, Applied Materials Inc, ASM International NV, Tokyo Electron Ltd, Samco Inc, Lam Research Corporation, Picosun, and Beneq.

This atomic layer deposition equipment market has been analyzed into the following segments:

• By End-Users

o Semiconductor
o Electronics
o Automotive
o Medical
o Others

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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This release was published on openPR.