The global ALD equipment market value is expected to rise from US$ 4.9 billion in 2024 to US$ 11.6 billion by 2034. This demand for ALD equipment is expected to be driven by a promising CAGR of 8.9% from 2024 to 2034.
Demand for ALD equipment in high-density and high-performance electronic products like laptops and smartphones is enhancing market growth. Additionally, increasing demand for semiconductor ICs is pushing the manufacturing capacities of semiconductor devices.
ALD-associated research activities that universities and research centers are leading aim to stimulate innovation and new ALD applications. Moreover, rising demand for organic electroluminescent (EL) devices and electric vehicles is expected to push sales of ALD equipment.
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Key Takeaways from the ALD Equipment Market Report:
- The ALD equipment market in the United States is expected to be valued at US$ 2.1 billion by 2034. Through the forecast period, the market is set to expand at a CAGR of 9%.
- The China ALD equipment market is anticipated to expand at a CAGR of 9.9% to reach US$ 1.8 billion by 2034.
- South Korea and Japan are expected to exhibit robust growth, expanding at CAGRs of 10.5% and 10.2%, respectively, through 2034.
- In Europe, the United Kingdom ALD equipment market is set to record a CAGR of 9.7% through 2034.
- Based on type, the metal ALD segment is anticipated to expand at a CAGR of 8.5% through 2034.
- Research and development facilities are projected to register a CAGR of 8.1% through 2034.
Competitive Strategies Adopted by ALD Equipment Manufacturers:
Key players in the ALD equipment market are adopting inorganic and organic strategies to expand their market reach. Inorganic market strategies include acquisitions, geographical expansion, mergers, collaborations, and partnerships. To organically gain a larger market share, key players are working on obtaining various certifications to gain customers’ trust. Additionally, players are focusing on their after-sales service to retain customers.
Market players invest in research and development activities to advance ALD solutions. Moreover, they are working on enhancing applications of ALD equipment.
Leading Key Players:
- ASM International
- Entegris
- Aixtron
- CVD Equipment Corporation
- Forge Nano Inc.
- Beneq Group
- Oxford Instruments plc
- Arradiance LLC
- Veeco Instruments
- Lam Research Corporation
- Others
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Key Developments in the ALD Equipment Market:
- In February 2022, Veeco Instruments Inc. revealed that a mask blank distributor to the semiconductor industry had ordered Veeco’s IBD-LDD Ion Beam Deposition (IBD) System. This is in response to the increasing demand for extreme ultraviolet (EUV) mask blanks for semiconductor devices related to advanced memory and logic applications. This technology is used to produce large volumes of low-fault EUV mask blanks.
- In March 2022, VD Equipment Corporation, a global leader in chemical vapor deposition systems, disclosed that they had received a contractual order from the Georgia Institute of Technology. The contract is intended for the CVD/ALD (Atomic Layer Deposition) system. The system is being used to manufacture high-performance battery materials for electric vehicles.
ALD Equipment Market Segmentation:
By Product:
- Metal ALD
- Aluminum Oxide ALD
- Plasma Enhanced ALD
- Catalytic ALD
- Others
By Application:
- Research and Development Facilities
- Semiconductor and Electronics
- Solar Devices
- Medical Equipment
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa
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