Press release
Atomic Layer Deposition Equipment Market- Trends and Forecast 2016 - 2024
A few of the key applications of atomic layer deposition include industrial, biomedical, video games, portable media players, microelectronics, and quality control.
The global ALD equipment market stood at US$875.0 mn in 2015. Exhibiting a CAGR of 29.4% between 2016 and 2024, the market is poised to reach US$8.58 bn by the end of 2024.Industrial Expansion to Create New Opportunities for ALD Equipment in Asia Pacific
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From the geographic standpoint, North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa constitute the most lucrative markets for ALD equipment. Among these, Asia Pacific has emerged as the leading regional market due to the increasing application of ALD across core industries.
The region held approximately 57.2% of the global ALD equipment market in 2015 in terms of revenue.
As per TMR, the rapid expansion of the automotive, electronics, and semiconductor industries will stimulate demand for ALD equipment in Asia Pacific. The regional market is also likely to gain from the rising demand from medical centers.
According to TMR, the Asia Pacific ALD market, which stood at US$500.5 mn in 2015, is expected to reach US$5.1 bn by the end of 2024. The market is expected to exhibit a CAGR of 29.9% during the forecast period. The increasing use of ALD equipment across industrial set ups is also expected to boost its sales in North America.
Applications in Nanotechnology to Boost Opportunities for ALD Equipment Market
In the last few years, the use of atomic layer deposition has significantly increased in nanotechnology. The recent technological advancements in the ALD technology in terms of scalability, performance, and reliability have made this possible.
With the advent of more advanced technologies, the usage of ALD equipment as manipulation and fabrication tools in nanotechnology is expected to accelerate. Furthermore, the sales of ALD equipment are poised to surge due to the rising demand for less time consuming and effective semiconductor equipment manufacturing process.
About TMR
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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