Atomic layer deposition (ALD) Market generated revenue of $3.2 billion in 2020 and is projected to grow at a CAGR of 7.8% during the forecast period to reach a revenue of $4.42 billion by 2026. Growing research and development on silicon wafers and increasing product innovations especially in semiconductors is propelling the market growth. The growth of data and emerging end-market drivers such as AI, AR and VR, IoT and smart vehicles etc are also creating opportunities for the industry. In order to compete effectively, ALD equipment OEMs are offering products and services to improve tool performance, lower overall cost of ownership and increase of yields, the productivity of customers fab operations. The ALD Market is broadly divided into the equipment and materials market. While the equipment market is estimated to reach $3.1billion at 8.3%, the materials market is estimated to reach $1.28billion at a CAGR of 6.8%.
The growing concerns on vehicular emissions and air pollution is shifting the focus to electric vehicles. The government of economies such as China, India, South Korea, Germany and so on are gradually replacing the IC engine based commercial vehicles and planning to ban the production IC engine vehicles in the future to lower the pollution level in highly populated cities. The adoption of smartphones, mobile computing devices and other consumer electronics devices in the developing and emerging economies is growing at a significant rate with the escalating buying power of middle class population. This is creating the demand for chips, sensors at smaller node sizes used for the production of integrated circuits and other related components for these devices.
The semiconductor market is influenced by a wide range of factors, including the global economy, demand for end products, trade and tariff policies, and geopolitical factors. As a result of such factors, supply and demand can become unbalanced and undergo significant short-term fluctuations. Unforeseen rapid contraction of the semiconductor market could lead to order cancellations, production capacity excess, increases in dead inventory, or losses from bad debts can adversely affect OEMs business performance. The upcoming wave for 5G communication technology is set to unfold new horizons to very high speed data transmission. Currently the stakeholder of the telecom industry are extensively striving to develop the supporting hardware for massive MIMO used in 5G. Massive MIMO uses complicated electronic products from the product level to the testing phase. This is analyzed to avail prominent demand for silicon wafers for use in products ranging from the base stations, testing equipment, base switching stations, servers to the end products such as mobile devices, routers and so on.
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Atomic Layer Deposition Market Growth Drivers:
Growing Demand for Batteries:
Solid-state thin-film batteries have been considered as promising technologies for powering a wide variety of small-dimension devices, such as microelectronics, medical implants, smart cards, and radio-frequency identification tags, due to their intrinsic safety and great flexibility in device design and integration.3D solid-state batteries are receiving great attentions as on-board power supply systems for small-dimension devices, due to their high power and energy densities. However, the fabrication of 3D solid-state batteries has been a formidable challenge due to the limitation of conventional thin-film techniques. Recently, atomic layer deposition (ALD) has emerged as a powerful approach toward 3D solid-state batteries, because of its exclusive advantage of coating uniform, pinhole-free, and conformal functional thin films on high-aspect-ratio substrates.
The Major Players in this Market Include
ASM International and Tokyo Electron have dominated the ALD segment with a combined share of nearly 50% in 2020. However this share has slipped down year by year due to strong competition in a rapidly expanding ALD market from Tokyo Electron, Lam Research, Kokusai, the Korean OEMs (Jusung Engineering, Wonik IPS and Eugene Technology) and also to some extent by Applied Materials.
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