Atomic Layer Deposition Global Market Report 2024

The atomic layer deposition market size has grown strongly in recent years. It will grow from $2.74 billion in 2023 to $2.99 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The historic growth in atomic layer deposition (ALD) can be attributed to the expansion of the semiconductor industry, significant investments in research and development (R&D), trends favoring miniaturization, the increasing range of applications, ongoing material innovation, and global expansion efforts.

The atomic layer deposition market size is expected to see strong growth in the next few years. It will grow to $4.17 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The forecasted growth in atomic layer deposition (ALD) in the upcoming period can be attributed to innovations in medical devices, integration of artificial intelligence (AI) and machine learning, advancements in energy storage solutions, strategic alliances, collaborations, and regulatory support. Major trends expected in the forecast period include continuous advancements in nanotechnology, a focus on energy storage applications, global expansion initiatives by ALD equipment manufacturers, the emergence of new applications, and the integration of ALD in 3D NAND technology, along with various technological innovations.

The atomic layer deposition (ALD) market is poised for significant growth, primarily fueled by the burgeoning demand for semiconductor chips. This surge in demand for semiconductor chips, integral components for electric circuits in various electronic devices, is a key driver for ALD adoption. ALD technology plays a pivotal role in the manufacture of semiconductor chips by enabling the deposition of thin layers, reducing or eliminating the need for complex patterning stages. As reported by the Semiconductor Industry Association (SIA), the global semiconductor industry experienced notable growth, with sales escalating from $555.9 billion in 2021 to $573.5 billion in 2022. This upsurge in semiconductor industry demand underscores the pivotal role of ALD technology, propelling the atomic layer deposition market forward.

The surging demand for electric vehicles (EVs) is anticipated to bolster the atomic layer deposition market. EVs, powered by electric motors and rechargeable batteries, are witnessing a rapid increase in demand, thereby driving the need for lithium-ion batteries. These batteries, crucial for EV power storage, notably rely on ALD technology for depositing nanostructured materials. The application of ALD in fabricating lithium-ion batteries is a pivotal factor contributing to market growth. According to the Global Electric Vehicle Outlook 2022 by the International Energy Agency (IEA), sales of electric cars doubled in 2021, reaching a record high of 6.6 million units. This surge in electric vehicle adoption signals an increased need for lithium-ion batteries, consequently driving the demand for ALD technology in their production.

Innovation remains a pivotal trend shaping the atomic layer deposition market landscape. Major industry players are actively focusing on innovating ALD platforms for diverse applications. For instance, in October 2022, Samco Inc., a renowned Japanese manufacturer of semiconductor process equipment, unveiled its advanced plasma-enhanced atomic layer deposition (PEALD) system, AD-800LP. This cutting-edge system is specifically designed for depositing gate oxide films crucial for the next generation of silicon carbide (SiC) and gallium nitride (GaN) power devices, pivotal in advancing carbon neutrality. Equipped with a proprietary ICP plasma source, Tornado ICP, the AD-800LP provides versatility in depositing various films, including oxide and nitride films, even at high pressures. This innovation reflects a concerted effort in adapting ALD technology to meet evolving industry needs, signifying a significant stride in the atomic layer deposition market's advancement.

Major corporations in the atomic layer deposition market are strategically focusing on enhancing their product lines to bolster their market standing. For instance, in July 2023, Oxford Instruments, a prominent UK-based manufacturer and research firm specializing in cutting-edge tools and systems, unveiled its latest offering, the PlasmaPro ASP. This innovation is a high-rate atomic layer deposition (ALD) research system integrated into the Atomfab product range. The PlasmaPro ASP showcases a newly patented remote plasma source design, along with optimized chamber geometry and wafer stage bias, enabling precise control over ion energy. These distinct features collectively result in a threefold increase in ALD rate, ensuring the deposition of low resistivity and high Tc superconducting nitride films specifically targeted for quantum applications, marking the primary focus of this launch.

In June 2022, Applied Materials, a leading US-based supplier specializing in equipment, services, and software for semiconductor chip manufacturing, acquired Picosun for an undisclosed sum. This acquisition enables Applied Materials to integrate atomic layer deposition (ALD) technology into its offerings, expanding its technological capabilities significantly. Moreover, the acquisition brings in extensive research and development expertise, highly skilled teams, and valuable partnerships with top-tier universities and research institutions worldwide. Picosun, the acquired company, is a renowned provider of atomic layer deposition (ALD) technology based in Finland.

Major companies operating in the atomic layer deposition market report are Arradiance LLC, ASM International N.V., Beneq Oy, Denton Vacuum LLC, Entegris Inc., Kurt J. Lesker Company, Lam Research Corporation., Oxford Instruments PLC, Tokyo Electron Limited, Veeco Instruments Inc., ALD NanoSolutions Inc., Forge Nano Inc., Adeka Corporation, Jiangsu Leadmicro Guide Nano Equipment Technology Co. Ltd., Encapsulix, NCD Co. Ltd., Applied Materials Inc., AIXTRON AG, EV Group, PVD Products Inc., Semilab Semiconductor Physics Laboratory Co. Ltd., KLA Corporation, Bruker Corporation, Hitachi High-Technologies Corporation, Nikon Corporation, Canon Inc., Toshiba Corporation, Sony Corporation, Panasonic Corporation, Moorfield Group Ltd.

Asia-Pacific was the largest region in the atomic layer deposition market in 2023. Asia-Pacific is expected to be the fastest-growing region in the atomic layer deposition market report during the forecast period. The regions covered in the atomic layer deposition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the atomic layer deposition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of atomic layer deposition include metal ALD, aluminum oxide ALD, plasma-enhanced ALD, catalytic ALD, and others. Thermal ALD specifically involves atomic layer deposition performed at high temperatures. These processes, such as chemical vapor deposition (CVD) and physical vapor deposition (PVD), find applications in various industries, including semiconductors and electronics, chemicals, energy, healthcare, and others.

The atomic layer deposition market research report is one of a series of new reports that provides atomic layer deposition market statistics, including atomic layer deposition industry global market size, regional shares, competitors with an atomic layer deposition market share, detailed atomic layer deposition market segments, market trends, and opportunities, and any further data you may need to thrive in the atomic layer deposition industry. This atomic layer deposition 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 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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