New York, United States, Nov. 29, 2022 (GLOBE NEWSWIRE) -- The Global Atomic Layer Deposition Market Size to grow from USD 1.7 billion in 2021 to USD 4.90 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 12.5% during the forecast period. The atomic layer deposition market has grown due to the growing utilization of novel materials and designs for improved chip production. In addition, the trend toward miniaturization is being embraced by industries all around the world. As a result, there is currently a higher need for tiny electronics and machinery.
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The plasma-enhanced ALD segment to account for the largest market size during the forecast period.
Based on the product type, the global atomic layer deposition market is categorized into Metal ALD, Aluminium Oxide ALD, Catalytic ALD, Plasma Enhanced ALD, and Others. The plasma-enhanced ALD segment to account for the largest market size during the forecast period. The benefits of this product, such as stimulating the deposition of thin films at lower temperatures and higher growth as compared to conventional deposition procedures like thermal ALD, are the reason for the increase in demand for it. Particles and polymers have been deposited as a result of the substantial research efforts for the technology relating to improved nucleation.
The electronics & semiconductors segment to hold a higher CAGR during the forecast period.
Based on the application, the atomic layer deposition market is categorized into Electronics & Semiconductors, Medical Equipment, Research & Development Facilities, Fuel Cells, Solar Devices, Magnetic Heads, Sensors, Barrier Layers, Primer Layers, Optical Devices, Thermoelectric Materials, non—IC Application, and Others. The electronics & semiconductors segment to hold a higher CAGR during the forecast period. The atomic layer deposition market is expected to benefit from the rising demand for semiconductors and electronic components in the automobile industry. The World Economic Forum reports that semiconductor manufacturers are boosting production rates to meet demand.
Browse 59 market data Tables and 69 Figures spread through 279 Pages and in-depth TOC on “Global Atomic Layer Deposition Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Metal ALD, Aluminium Oxide ALD, Catalytic ALD, Plasma Enhanced ALD, and Others), Application (Electronics & Semiconductors, Medical Equipment, Research & Development Facilities, Fuel Cells, Solar Devices, Magnetic Heads, Sensors, Barrier Layers, Primer Layers, Optical Devices, Thermoelectric Materials, Non—IC Application, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030.” in detail along with the table of contents.
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On credit portfolios, the COVID-19 epidemic has had a negative effect. The enormous growth has hampered the solvency of customers and businesses in unemployment and interruption of economic activity. Central banks have adopted a proactive strategy of injecting money into the market by decreasing interest rates and implementing asset purchase programs. With persistent geopolitical tensions, global trade battles, and sporadic hurricanes and earthquakes, managing and monitoring credit, market, liquidity, and operational risk across financial markets was challenging enough. Chief risk officers and their teams have had to reevaluate outdated methods and assumptions used to manage and monitor risk due to the present pandemic crisis. The global repercussions of COVID-19 have demonstrated the significance of interconnection in international cooperation. As a result, many governments have been hurrying to find, assess, and buy trustworthy AI-powered solutions.
Asia-Pacific to hold a higher CAGR during the forecast period.
The Global Atomic Layer Deposition Market has been segmented into five major regions: North America, Europe, Asia-Pacific, South America, The Middle East and Africa. Asia-Pacific is estimated to account for the highest market share in 2022. Because the economies host a number of electronics industries. Additionally, it is anticipated that increased government expenditure on infrastructure development will have a positive effect on the market expansion in this region by luring leading electronics and automotive manufacturers to set manufacturing facilities in the area.
The demand for deposition technologies has decreased as a result of the established electronics manufacturing bases in South Korea, China, and Taiwan. The expansion of this region has been supported by the proliferation of electronics product manufacturing, incredible modernization, expanding economies, and rising consumer electronics consumption.
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Key Companies & Recent Developments: The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Atomic Layer Deposition Market include Forge Nano Inc., Beneq Group, Oxford Instruments plc, The Kurt J. Lesker Company, Pico sun Oy, SENTECH Instruments GmbH, Arradiance, LLC, NCD Co. Ltd., Lam Research Corporation, ASM International, Applied Materials, Inc., Veeco Instruments Inc., and CVD Equipment Corporation and Others.
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