Rapid Industrialization in Emerging Economies to Create Lucrative Opportunities for Global Atomic Layer Deposition Equipment Market

The recent advancements in the atomic layer deposition (ALD) technology have bolstered the use of ALD equipment in the nanotechnology sector. The application of ALD equipment as fabrication and manipulation tools in the nanotechnology is expected to rise in the forthcoming years. This, combined with the rising concerns pertaining to carbon emission, has bolstered the use of ALD as a PV manufacturing method. Aided by these factors, the global ALD equipment market is forecast to exhibit a CAGR of 29.4% between 2016 and 2024. Expanding at this rate, the market is projected to reach US$8.58 bn by the end of 2024, from a valuation of US$875 mn in 2015. 

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The increasing demand for photovoltaic cells, coupled with the developments in the PV technology, will thus boost the deployment of ALD equipment. 

Stringent Regulatory Policies May Limit Sales of ALD Equipment 

Despite witnessing favorable growth, the high initial investment required to procure ALD equipment and stringent regulatory controls on export could limit its sales to an extent. Another key challenge faced by the market is the lack of skilled human resource. Besides this, the enterprises also have to mitigate concerns pertaining to the slow deposition rate of ALD equipment to ensure sustainable growth in the long run. 

Nevertheless, the rapid proliferation of the ALD technology across electronic textile, flexible electronics, and hydrophobic coatings is expected to bolster opportunities for the ALD equipment manufacturers. Furthermore, with the increasing use of ALD in energy and power storage device, the key players see a lucrative segment to capitalize on in the forthcoming years. 

Semiconductor and Electronics Segment to Emerge Dominant in Global ALD Equipment Market 

By type, the global ALD equipment market was led by the aluminum oxide ALD segment with a share of 37% in 2015. Aluminum oxide is a highly stable and robust material. It is also extensively used in the research for a myriad applications in micro and optoelectronics, due to which the demand from this segment is expected to rise considerably in the near future. By application, the market was led by the semiconductor and electronics segment in 2015. The increasing application of ALD in the manufacturing of smartphone and other high-performing electronic gadgets has boosted the demand for ALD equipment in semiconductor processing. 

Industrialization in Asia Pacific to Create Opportunities for Growth of ALD equipment market 

Regionally, Asia Pacific dominated the global ALD equipment market with a share of 57.2% in 2015. The rapid industrialization witnessed in the region, coupled with the increasing willingness among consumers to pay for high-performing electronic goods is aiding the expansion of the market in Asia Pacific. Furthermore, the enterprises operating in the region are capitalizing on the abundant availability of cheap labors. 

Other regions exhibiting considerable opportunities for the ALD layer deposition market are North America, Latin America, Europe, and the Middle East and Africa. 

Browse Full Global Atomic Layer Deposition Equipment Market Report with TOC:http://www.mrrse.com/atomic-layer-deposition-market

Some of the key players operating in the global atomic layer deposition equipment market are Applied Materials, Inc., Tokyo Electron Ltd., and ASM International N.V. These companies held the leading share of 58.9% in the market in 2015.

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