ALD Equipment Global Market Report 2024

The global ald equipment market 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 observed in the historical period can be attributed to several factors, including the expansion of the semiconductor industry, advancements in nanotechnology, increasing demand for miniaturization, the emergence of advanced materials, and growing demand for ALD equipment in medical devices. These factors collectively contributed to the development and adoption of ALD technology during that timeframe.

The global ald equipment market 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 anticipated growth in the forecast period can be attributed to the development of novel materials, increased investments in research and development (R&D) and innovation, innovations in the energy sector, the growing needs of the telecommunications industry, and the expansion of optical coatings. Major trends expected in the forecast period include advancements in energy and battery technologies, applications in medical and biotechnology, utilization in aerospace and defense applications, a focus on environmental concerns and green technologies, and an emphasis on surface engineering. These trends are expected to drive further expansion and application of ALD technology across various industries.

The robust expansion in the electronics and semiconductor sector is poised to drive the ALD (Atomic Layer Deposition) equipment market. The electronics industry encompasses the creation, design, and manufacturing of a wide array of equipment, including semiconductors, integrated circuits, transistors, and various microelectronics. ALD equipment plays a pivotal role in this industry, utilized for producing substrates fundamental to microelectronics and nanotechnology. Furthermore, ALD technologies are instrumental in crafting protective and functional coatings vital for applications requiring corrosion or wear resistance, such as fuel cells. As evidenced in a December 2021 report from the Semiconductor Industry Association (SIA), global semiconductor sales soared by 24.0% in October 2021 compared to October 2020, amounting to $48.8 billion. Moreover, a vision document from the Ministry of Electronics and Information Technology forecasts a substantial leap in the electronics industry's value, projected to surge from an estimated US$15 billion in 2021-2022 to US$120 billion by 2026. This foreseen surge signifies a burgeoning demand for electronics, thus driving the ALD equipment market forward.

The burgeoning solar industry is set to catalyze the growth of the ALD equipment market. This global sector is dedicated to advancing and commercializing solar energy technologies. In solar cell and photovoltaic system manufacturing, ALD equipment plays a crucial role, enabling enhanced performance and functionality through its deposition techniques. Notably, ALD facilitates the development of solar cells with higher efficiency and improved energy conversion rates. For instance, in March 2023, Canadian Solar Inc. reported a remarkable 68% year-over-year increase in solar module shipments to 6.4 GW and a 29% revenue surge to $1.97 billion. Their 2022 record revenues of $7.47 billion marked a substantial 42% year-on-year increase. This data underscores the pivotal role of ALD in driving growth within the solar industry.

The ALD equipment market is witnessing a surge due to the emergence of advanced technologies. Innovative materials and designs deployed in advanced chip production have surged the demand for atomic layer deposition solutions. The rising utilization of various logic devices and memory technologies has substantially contributed to the proliferation of ALD applications. For example, ASM International N.V. introduced TENZATM ALD in July 2022 - an advanced 300mm wafer single wafer ALD process technique. This innovation optimized for gap-fill applications boasts superior film quality, conformal coverage throughout the trench, and highest productivity within its class, augmenting the demand for ALD solutions.

Major companies operating in the ALD equipment market are focused on introducing advanced solutions, such as ALD reactors, to gain a competitive edge in the market. An atomic layer deposition (ALD) reactor is a specialized tool used to perform the process of atomic layer deposition, which is a vapor-phase deposition technique used to grow ultrathin films with precise control and uniformity. For instance, in September 2021, Beneq Oy, a Finland-based developer of ALD solutions, launched the Beneq P1500, the world’s largest ALD reactor. The P1500 system is the only tool that allows industry and research labs to use ALD for big substrates that ALD has not previously been able to handle. This equipment allows ALD coating of photovoltaic glass, Generation 4-6 display glass, and optical films on wide-area astronomical mirrors up to 1300 x 2400 mm in size. It has a vacuum chamber that is 170 cm wide. With its large size and meticulous engineering, the Beneq P1500 provides a significant boost in ALD batch production throughput. Film homogeneity can be maintained when coating large batches of items, like printed circuit boards, semiconductor chamber lids, and liners.

In June 2022, Applied Materials, a US-based company, engaged in materials engineering solutions for semiconductors, flat panel displays, and solar photovoltaic (PV), acquired Picosun Oy for an undisclosed amount. With this acquisition, Picosun's ALD technology expands Applied Materials, Inc ICAPS's product offering and customer engagements. Additionally, Picosun would contribute substantial R&D skills, talented teams, and excellent links with major research institutions and universities worldwide. Picosun Oy is a Finland-based company engaged in innovative atomic layer deposition (ALD) technology, primarily for specialty semiconductors.

Major companies operating in the ald equipment market report are 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.

Asia-Pacific was the largest region in the ALD equipment market in 2023. The regions covered in the ald equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ald equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main deposition methods of ALD equipment include plasma-enhanced ALD, thermal ALD, spatial ALD, roll-to-roll ALD, powder ALD, and others. Plasma-enhanced ALD is particularly used for synthesizing ultra-thin films with Å (angstrom)-level resolution. This technique enables atomic-scale control of thin films made from various materials. The films deposited by ALD equipment include oxide films, metal films, sulfide films, nitride films, and fluoride films. These films find applications in non-semiconductor sectors such as medical, energy, conventional optics, and coatings. Additionally, they are applied in the semiconductor sector under the categories of 'more-than-Moore,' research and development facilities, and 'Moore' technologies.

This report provides ALD equipment market statistics, including ALD equipment industry global market size, regional shares, competitors with a ALD equipment market share, detailed ALD equipment market segments, market trends and opportunities, and any further data you may need to thrive in the ALD equipment industry. This ALD equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ALD equipment market consists of sales of aluminum oxide ALD, ALD on polymers, and catalytic ALD. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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