Surge in demand for ALD in medical and aerospace electronics field shall pace the Global Atomic Layer Deposition Equipment Market

Global Atomic Layer Deposition Equipment Market Report, published by Variant Market Research, forecast that the global market is expected to reach $8,059 million by 2024 from $1,041 million in 2016; growing at a CAGR of 29.1% from 2016 to 2024. By geography, Asia-Pacific and Rest of the world (RoW) are expected to grow at a CAGR of 29.9% and 29.7%, respectively, during the forecast period.
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Major drivers of the global atomic layer deposition market are growth in application of ALD equipment in nanotechnology, rise in demand for copper deposition equipment in memory devices, and increasing demand for ALD in medical and aerospace electronics field. However, high cost of initial investment and lack of skilled workforce may hinder the market growth in the coming years. Application of ALD in power devices, and energy storage systems would provide several growth opportunities for the market in the coming years.
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The global atomic layer deposition equipment market is segmented into type and application. Under type segment, the market is further categorized into Aluminum Oxide ALD, ALD on Polymers, Metal ALD, Catalytic ALD, and others. The Aluminum Oxide ALD segment was followed by the metal ALD segment and accounted for the largest market share in 2016, owing to its extensive usage in various applications such as dielectric layers, solar cell surface passivation, insulating layers, and others. Furthermore, application segment is bifurcated into semiconductor & electronics, and research & development facilities. Semiconductors & electronics dominated the application segment accounting for more than two-third of the global market share.
Geographically, the global ALD equipment market has been segmented into
• North America
• Europe
• Asia-Pacific,
• Rest of the World (RoW).
In 2016, Asia-Pacific accounted for the largest market share of 52.5%, owing to the presence of cheap skilled labour & land, and government subsidies which have increased the adoption of ALD equipment in the region. In the same year, North America accounted for the second largest market share of 21.2% driven by technological advancement and growing application of atomic layer deposition equipment across semiconductor, automotive, and industrial sectors. In terms of growth, Asia-Pacific is expected to attain the fastest CAGR of 29.9% during the forecast period 2016-2024.
Major companies operating in the global atomic layer deposition equipment market include,
• Cambridge NanoTech Inc,
• N.V.,
• Novellus Systems Inc.,
• Aixtron SE,
• Tokyo Electron Ltd.,
• Hitachi Kokusai Electric Inc.,
• Ultratech Inc.,
• Adeka Corp,
• Applied Materials Inc.,
• ATMI Inc.,
• ASM International.

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This release was published on openPR.