San Francisco, 07 February 2030: The Report Atomic Layer Deposition Market Size, Share & Trends Analysis Report By Product (Thermal ALD), By Application (Electronics & Semiconductors), By Region, And Segment Forecasts, 2022 - 2030

The global atomic layer deposition market size is expected to reach USD 4.7 billion by 2030, registering a CAGR of 12.3% from 2022 to 2030, according to a new report by Grand View Research, Inc., Atomic layer deposition (ALD) market growth is significantly driven by the increasing semiconductor fabrication for chip production across the world. Growing research and development in renewable energy sources is another factor propelling the growth of the market during the forecast period.

Atomic layer deposition used in semiconductor chip fabrication allows the deposition of molecules at a specific space with utmost uniformity. According to the World Economic Forum, semiconductor companies are increasing the manufacturing throughput, contributing to strong growth. The rising demand for semiconductors is expected to drive the growth of the market during the forecast period.

Increasing environmental concerns have led to the growing adoption of electric vehicles. In these vehicles, lithium-ion batteries are being used pertaining to their high energy per unit mass. It is used for the deposition of nanostructured materials during the manufacturing of lithium-ion batteries. Growing demand for electric vehicles and increasing research and development is expected to fuel the market growth.

Atomic layer deposition is gaining popularity in the medical industry with increasing research and development. Drug delivery, tissue engineering, and medical devices are some of the applications in the medical field. Growing government spending and rising research and development activities are expected to drive the use of atomic layer deposition during the forecast period.

The growing application of solar appliances is boosting the market growth. Countries like India and Japan, with high power costs, are increasingly funding the design of solar systems to cater to the growing energy need. Market growth was impacted negatively during the COVID-19 outbreak. As a result of the pandemic, industrial manufacturing was immobile and the supply chain was disrupted, which impacted global market growth.

According to the market's high level of competition and the number of companies, key players focus actively on mergers and acquisitions, product development, and geographical expansion to maintain their position. In March 2022, Tokyo Electron Limited declared to construct a new advancement facility at the Koshi Office of Tokyo to fulfill the increasing demand in the semiconductor market.

Request sample report of Atomic Layer Deposition Market@ https://www.grandviewresearch.com/industry-analysis/atomic-layer-deposition-market/request/rs1

Growing demand for the semiconductor chips used for various electronic products is expected to enhance semiconductor manufacturing industry output during the forecast period. The atomic layer deposition (ALD) technique is being used for depositing materials during semiconductor fabrication. COVID-19 impacted negatively and restricted the atomic layer deposition market growth due to a significant impact on the semiconductor industry. The demand for industrial manufacturing of lithium-ion batteries as well as solar cells also impacted the overall market growth. The market is expected to recover with increasing precautions and vaccinations during the forecast period.

Atomic Layer Deposition Market Report Highlights

• The thermal ALD segment accounted for the largest market share in 2021, accounting for 36.3%of global revenue, due to its widespread use in deposition for various applications with thickness control and uniformity irrespective of the surface geometry
• Plasma-enhanced ALD (PEALD) has emerged as the most significant segment in the product market and is expected to register a CAGR of 12.6% during the forecast period. The accurate layer deposition at low temperatures contributes to the growing popularity of plasma-enhanced ALD
• The segment of solar devices is expected to expand significantly during the forecast period due to the rising awareness of renewable energy sources and the ability to create steady and efficient solar cells utilizing ALD technologies
• Industrialized countries like China, South Korea, Japan, and Taiwan produce significant electronics and semiconductors, this is likely to increase demand for the atomic layer deposition technology and boosts the regional market
• In July 2021, Pico Sun Group, a Taiwan-based company, entered into a partnership with Hermes-Epitek Corporation Pte. Ltd to grow its semiconductor and opt electronic manufacturing equipment sales and service networks across the globe 

Growing concerns about global warming and environmental pollution have motivated governments around the globe to invest in and encourage the use of electric vehicles. Lithium-ion batteries market, subsequently, is gaining momentum for their use in vehicles as a source of energy. The application of atomic layer deposition for deposition of the Nanostructured materials in lithium-ion batteries is positively affecting the market growth.

The growth of the atomic layer deposition market is also expected to be driven by the rising innovation and product development in solar cells, supported by growing investment in renewable energy technology. For instance, according to PV Magazine, manufacturers of photovoltaic cells in China are switching to atomic layer deposition technology.

Demand for lightweight, portable devices has been rising quickly due to the development of numerous innovative and energy-efficient technologies. Atomic layer deposition technology is widely used for the fabrication of semiconductor chips.  Rising demand for electronic devices is ultimately expected to drive the atomic layer deposition market growth during the forecast period.

The rapid expansion of tiny electronic devices has been greatly enhanced by the atomic layer deposition process. Moreover, a factor driving the growth of the atomic layer deposition market is the increased adoption of electronics and semiconductor technologies globally. Automobiles are another influential sector to expand the atomic layer deposition market, during the forecast period.