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ALD Equipment Market Statistics, Emerging Trends, Key Drivers And Forecast To 2033
ALD Equipment Market
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According to The Business Research Company's, The ald equipment market size has grown strongly in recent years. It will grow from $3.17 billion in 2023 to $3.47 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to semiconductor industry growth, nanotechnology advancements, rising demand for miniaturization, emergence of advanced materials, growing demand in medical devices.
The ald equipment market size is expected to see strong growth in the next few years. It will grow to $4.91 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to novel materials development, r&d and innovation investments, energy sector innovations, telecommunications industry needs, growth in optical coatings. Major trends in the forecast period include energy and battery technologies, medical and biotechnology applications, aerospace and defense applications, environmental concerns and green technologies, focus on surface engineering.
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Market Drivers and Trends:
Growth in the solar industry is expected to propel the growth of the ALD equipment market going forward. The solar industry is a global industry that focuses on the development and commercialization of technologies related to the harnessing of solar energy. The role of atomic layer deposition (ALD) equipment in the solar sector is significant, as it is widely used in the manufacturing of solar cells and photovoltaic systems to enhance their performance and functionality. ALD is a crucial deposition technique in the field of solar cells, enabling higher efficiency and improved energy conversion rates. For instance, in March 2023, according to a financial report shared by Canadian Solar Inc., a Canada-based publicly traded company that manufactures solar PV modules, the company experienced a 68% increase in solar module shipments year-over-year (yoy) to 6.4 GW and a 29% increase in revenue yoy to $1.97 billion. The company also achieved record revenues of $7.47 billion in 2022, a 42% increase year-on-year. Therefore, growth in the solar industry is driving the growth of the ALD equipment market.
The emergence of technologies is a key trend gaining popularity in the ALD equipment market. The utilisation of novel materials and designs for advanced chip production is boosting the demand for atomic layer deposition solutions. The rising use of various logic devices and memory technologies has fueled ALD applications. For instance, in July 2022, ASM International N.V., a Netherlands-based semiconductor wafer and ALD equipment manufacturer launched TENZATM ALD. It is an advanced 300mm wafer single wafer atomic layer deposition (ALD) process technique. The gap-fill application-optimised TENZATM ALD offers the best film quality, conformal coverage through the whole trench, and highest productivity in its class.
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Major Key Players of the Market:
ASM International N.V., Tokyo Electron Limited, Applied Materials Inc, Lam Research Corporation, Veeco Instruments Inc, Kurt J. Lesker Company, Optorun Co Ltd, CVD Equipment Corporation, Eugene Technology Co Ltd, Beneq Oy, Oxford Instruments Plc, Arradiance LLC, Encapsulix, EntegrisInc, Picosun Oy, SENTECH Instruments GmbH, Aixtron SE, Denton Vacuum LLC, Adeka Corporation, Jiangsu Leadmicro Guide Nano Equipment Technology Co Ltd, Forge Nano Inc, Nano-Master Inc, Air Liquide S.A., Applied Microengineering Ltd., Cambridge Nanotech Inc., Genus PLC, Hitachi Kokusai Electric Inc., Jusung Engineering Co. Ltd., KDF Electronic & Vacuum Services Inc., Levitech BV, MNTech Co. Ltd.
ALD Equipment Market 2024 Key Insights:
• The ald equipment market size is expected to see strong growth in the next few years. It will grow to $4.91 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.
• Surge In Electronics And Semiconductor Sector Propels Ald Equipment Market
• Technological Advances Propel Growth In The Ald Equipment Market
• Asia-Pacific was the largest region in the ALD equipment market in 2023
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