Abstract
Summary
The ALD equipment market is projected to reach USD 6.2 billion by 2028 from USD 3.9 billion in 2023, at a CAGR of 10.0% from 2023 to 2028. The major factors driving the market growth of the ALD equipment includes the growing demand for 3D NAND SSDs, benefits offered by ALD equipment and the rising demand for memory devices from AI-based servers. Moreover, the increasing utilization of AI and IoT in the healthcare sector and the surging demand for photovoltaics has led to an increased deployment of ALD equipment which is expected to provide several growth opportunities for market players in the ALD equipment market.
Fluoride film type is expected to account for the highest CAGR in the ALD equipment market during the forecast period
In recent times, the demand for ALD of fluoride films has increased due to their low refractive index. This characteristic enhances transmission at both UV and IR wavelengths which makes them highly preferrable for optical applications. Moreover, ALD deposition of metal fluorides, such as MgF2, AlF3, and LiF, ensures superior transmission at UV wavelengths while allowing the deposition of ultra-thin films to prevent the absorption losses. Therefore, the increasing need for low refractive index and superior transmission properties at UV wavelengths drives the market growth. Hence, fluoride film-based ALD equipment is expected to have the highest CAGR in the ALD equipment market.
Energy application is expected to account for the largest market size in the ALD equipment market during the forecast period
ALD equipment can create exceptionally uniform films which makes it a highly valuable choice for various energy applications such as Li-ion batteries and solar cells, among others. In recent years, there has been a significant surge in the adoption of Li-ion batteries (LIBs) across a wide range of consumer electronics and automotive applications. Furthermore, there is a significant rise in demand for solar cells, in recent years, which plays a critical role in contributing towards the market growth of the energy application in ALD equipment market.
North America is expected to account for the second- largest market size during the forecast period
Presence of fabrication plants and establishments of consumer electronics and semiconductor manufacturing companies is expected to drive the market growth of ALD equipment in the region. Furthermore, the growing adoption of renewable energy such as solar cells, is anticipated to contribute to the market growth of ALD equipment in the region.
The break-up of profile of primary participants in the ALD equipment market-
• By Company Type: Tier 1 – 30%, Tier 2 – 50%, Tier 3 – 20%
• By Designation Type: C Level – 25%, Director Level – 35%, Others – 40%
• By Region Type: North America – 30%, Europe – 25%, Asia Pacific – 35%, Rest of the World (RoW) – 10%
The major players of ALD equipment market are ASM International N.V. (Netherlands), Tokyo Electron Limited. (Japan), Applied Materials, Inc. (US), LAM RESEARCH CORPORATION. (US), and Veeco Instruments Inc. (US) among others.
Research Coverage
The report segments the ALD equipment market and forecasts its size based on deposition method, film type, application (non-semiconductor), application (semiconductor), and region. The report also provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing the market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants in this market with information on the closest approximate revenues for the overall ALD equipment market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Analysis of key drivers (increasing market of semiconductor industry, the growing demand for 3D NAND SSDs, benefits offered by ALD equipment and the rising demand for memory devices from AI-based servers), restraints (High costs related to ALD equipment and lack of skilled workforce), opportunities (increasing utilization of AI and IoT in the healthcare sector and the surging demand for photovoltaics has led to an increased deployment of ALD equipment), and challenges (the increasing technical difficulties and process complexities) influencing the growth of the ALD equipment market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the ALD equipment market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the ALD equipment market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the ALD equipment market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players like ASM International N.V. (Netherlands), Tokyo Electron Limited. (Japan), Applied Materials, Inc. (US), LAM RESEARCH CORPORATION. (US), and Veeco Instruments Inc. (US).
Table of Contents
1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.3 STUDY SCOPE 32
1.3.1 MARKETS COVERED 32
1.3.2 REGIONAL SCOPE 32
1.3.3 INCLUSIONS AND EXCLUSIONS, BY COMPANY 33
1.3.4 INCLUSIONS AND EXCLUSIONS, BY FILM TYPE 33
1.3.5 INCLUSIONS AND EXCLUSIONS, BY DEPOSITION METHOD 33
1.3.6 INCLUSIONS AND EXCLUSIONS, BY WAFER SIZE 33
1.3.7 INCLUSIONS AND EXCLUSIONS, BY APPLICATION (NON-SEMICONDUCTOR) 33
1.3.8 INCLUSIONS AND EXCLUSIONS, BY APPLICATION (SEMICONDUCTOR) 34
1.3.9 INCLUSIONS AND EXCLUSIONS, BY REGION 34
1.3.10 YEARS CONSIDERED 34
1.4 CURRENCY CONSIDERED 35
1.5 UNITS CONSIDERED 35
1.6 LIMITATIONS 35
1.7 STAKEHOLDERS 35
1.8 SUMMARY OF CHANGES 36
1.8.1 RECESSION IMPACT 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
2.1.1 SECONDARY DATA 38
- 2.1.1.1 List of key secondary sources 38
- 2.1.1.2 Key data from secondary sources 39
2.1.2 PRIMARY DATA 39
- 2.1.2.1 Primary interviews with experts 39
- 2.1.2.2 List of key primary interview participants 40
- 2.1.2.3 Breakdown of primaries 40
- 2.1.2.4 Key data from primary sources 41
2.1.3 SECONDARY AND PRIMARY RESEARCH 42
- 2.1.3.1 Key industry insights 42
2.2 MARKET SIZE ESTIMATION 43
2.2.1 BOTTOM-UP APPROACH 43
- 2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side) 43
2.2.2 TOP-DOWN APPROACH 44
- 2.2.2.1 Approach to estimate market size using top-down analysis 44
2.3 FACTOR ANALYSIS 45
2.3.1 SUPPLY-SIDE ANALYSIS 45
2.3.2 GROWTH FORECAST ASSUMPTIONS 46
2.4 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION 47
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 47
2.6 RESEARCH ASSUMPTIONS 48
2.7 RISK ASSESSMENT 49
3 EXECUTIVE SUMMARY 50
4 PREMIUM INSIGHTS 54
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ALD EQUIPMENT MARKET 54
4.2 ALD EQUIPMENT MARKET, BY DEPOSITION METHOD 55
4.3 ALD EQUIPMENT MARKET, BY FILM TYPE 55
4.4 ALD EQUIPMENT MARKET, BY APPLICATION (SEMICONDUCTOR) 56
4.5 ALD EQUIPMENT MARKET, BY APPLICATION (NON-SEMICONDUCTOR) 56
4.6 ALD EQUIPMENT MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 58
5.2.1 DRIVERS 59
- 5.2.1.1 Rapid expansion of semiconductor industry 59
- 5.2.1.2 Increasing demand for 3D NAND SSDs 59
- 5.2.1.3 Multiple benefits offered by ALD equipment 60
- 5.2.1.4 Growing demand for memory devices from AI-based servers 61
5.2.2 RESTRAINTS 62
- 5.2.2.1 High costs related to ALD equipment 62
- 5.2.2.2 Lack of skilled workforce 62
5.2.3 OPPORTUNITIES 63
- 5.2.3.1 Increasing adoption of More than Moore devices 63
- 5.2.3.2 Growing integration of AI and IoT in healthcare sector 63
- 5.2.3.3 Surging demand for photovoltaics 63
5.2.4 CHALLENGES 65
- 5.2.4.1 Increasing technical difficulties and process complexities involved in semiconductor manufacturing 65
5.3 SUPPLY CHAIN ANALYSIS 65
5.4 ECOSYSTEM MAPPING 67
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 69
5.6 TECHNOLOGY ANALYSIS 70
5.6.1 LIQUID ALD (L-ALD) 70
5.6.2 ADVANCEMENTS IN ALD PROCESS 70
5.6.3 AI AND ML INTEGRATION IN ALD EQUIPMENT 70
5.7 PRICING ANALYSIS 71
5.7.1 AVERAGE SELLING PRICE TREND OF ALD EQUIPMENT, BY APPLICATION 72
5.7.2 AVERAGE SELLING PRICE TREND OF ALD EQUIPMENT, BY REGION 72
5.8 PATENT ANALYSIS 73
5.9 PORTER’S FIVE FORCES ANALYSIS 75
5.9.1 THREAT OF NEW ENTRANTS 77
5.9.2 THREAT OF SUBSTITUTES 77
5.9.3 BARGAINING POWER OF SUPPLIERS 77
5.9.4 BARGAINING POWER OF BUYERS 77
5.9.5 INTENSITY OF COMPETITIVE RIVALRY 78
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 78
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 78
5.10.2 BUYING CRITERIA 79
5.11 CASE STUDY ANALYSIS 79
5.11.1 TLX TECHNOLOGIES' THREE-WAY PILOT VALVE ASSISTED CLIENT WITH ALD APPLICATIONS 79
5.11.2 PICOSUN (APPLIED MATERIALS) SELECTED 300 MM ALD TECHNOLOGY FROM STMICROELECTRONICS FOR POWER ELECTRONICS APPLICATIONS 80
5.11.3 BENEQ'S ALD EQUIPMENT SIGNIFICANTLY REDUCED RE-COATING COSTS FOR JAPAN-BASED JEWELRY AND COIN RETAILER 80
5.12 TRADE ANALYSIS 81
5.13 REGULATORY LANDSCAPE 83
5.13.1 GLOBAL STANDARDS AND REGULATORY BODIES 83
5.13.2 GOVERNMENT REGULATIONS 84
- 5.13.2.1 Asia Pacific 84
- 5.13.2.2 North America 84
- 5.13.2.3 Europe 84
5.14 KEY CONFERENCES AND EVENTS, 2023-2024 85
6 ALD EQUIPMENT MARKET, BY WAFER SIZE 86
6.1 INTRODUCTION 86
6.2 UP TO 150 MM 86
6.3 200 MM 86
6.4 300 MM 86
7 ALD EQUIPMENT MARKET, BY DEPOSITION METHOD 87
7.1 INTRODUCTION 88
7.2 PLASMA-ENHANCED 90
7.2.1 DEPLOYMENT IN SEQUENTIAL DEPOSITION AT LOWER TEMPERATURES TO DRIVE SEGMENT 90
7.3 THERMAL 91
7.3.1 INCREASING NEED TO DEPOSIT METAL FILMS ONTO SUBSTRATES TO PROPEL SEGMENTAL GROWTH 91
7.4 SPATIAL 92
7.4.1 ABILITY TO DEPOSIT THIN FILMS AT AMBIENT PRESSURE TO FUEL SEGMENTAL GROWTH 92
7.5 ROLL-TO-ROLL 92
7.5.1 RISING ADOPTION OF COST-EFFICIENT ALD SOLUTIONS FOR COATING BARRIERS ON POLYMER SUBSTRATES TO BOOST SEGMENTAL GROWTH 92
7.6 POWDER 93
7.6.1 INCREASING FOCUS ON EXTENDING LIFESPAN OF SEMICONDUCTOR COMPONENTS TO FUEL SEGMENTAL GROWTH 93
7.7 OTHERS 94
8 ALD EQUIPMENT MARKET, BY FILM TYPE 95
8.1 INTRODUCTION 96
8.2 OXIDE 97
8.2.1 INCREASING APPLICATIONS OF HIGH-K OXIDE DEPOSITS TO DRIVE MARKET 97
8.3 METAL 97
8.3.1 GROWING ADOPTION OF 3D NAND SSDS TO GENERATE NUMEROUS OPPORTUNITIES FOR MARKET PLAYERS 97
8.4 SULFIDE 98
8.4.1 INCREASING ADOPTION OF BATTERIES FOR VARIOUS APPLICATIONS TO BOOST MARKET 98
8.5 NITRIDE 98
8.5.1 RISING DEMAND FOR METAL BARRIERS FOR COPPER INTERCONNECTS TO PROPEL SEGMENT 98
8.6 FLUORIDE 98
8.6.1 INCREASING NEED FOR LOW REFRACTIVE INDEX AND SUPERIOR TRANSMISSION PROPERTIES AT UV WAVELENGTHS TO FUEL SEGMENTAL GROWTH 98
9 ALD EQUIPMENT MARKET, BY APPLICATION (SEMICONDUCTOR) 99
9.1 INTRODUCTION 100
9.2 MORE THAN MOORE 105
9.2.1 MEMS & SENSORS 106
- 9.2.1.1 Increasing utilization of MEMS & sensors in consumer electronics and automotive applications to contribute to market growth 106
9.2.2 RF DEVICES 107
- 9.2.2.1 Growing need to develop encapsulation materials for RF devices to fuel market growth 107
9.2.3 ADVANCED PACKAGING 107
- 9.2.3.1 Increasing need to protect packaged and unpackaged devices from exposure to electrical contacts to support market growth 107
9.2.4 POWER DEVICES 107
- 9.2.4.1 Rising utilization of PEALD in GaN power devices to boost market 107
9.2.5 PHOTONICS (LED & VCSEL) 108
- 9.2.5.1 Increasing adoption of LEDs and VCSELs in LiDAR, magnetometers, and automotive applications to drive market 108
9.2.6 CMOS IMAGE SENSORS 108
- 9.2.6.1 Rising deployment of CMOS image sensors in consumer electronics applications to contribute to market growth 108
9.3 RESEARCH & DEVELOPMENT FACILITIES 108
9.3.1 MANUFACTURING OF 2D LAYERED MATERIALS AND ULSI DEVICE FABRICATION TO FUEL MARKET GROWTH 108
9.4 MORE MOORE 109
9.4.1 GROWING DEMAND FOR 3D NAND FLASH MEMORY TECHNOLOGY, LOGIC DEVICES, AND INTERCONNECT TECHNOLOGIES TO CONTRIBUTE TO MARKET GROWTH 109
10 ALD EQUIPMENT MARKET, BY APPLICATION (NON-SEMICONDUCTOR) 110
10.1 INTRODUCTION 111
10.2 ENERGY 116
10.2.1 INCREASING DEMAND FOR SOLAR CELLS AND EVS TO DRIVE MARKET FOR ENERGY APPLICATIONS 116
10.3 MEDICAL 117
10.3.1 ADVANCEMENTS IN CARDIOLOGY AND NEUROLOGY TO FUEL ADOPTION OF ALD EQUIPMENT 117
10.4 CONVENTIONAL OPTICS 118
10.4.1 GROWING DEMAND FOR ANTI-REFLECTION COATINGS TO FUEL MARKET GROWTH 118
10.5 COATING 119
10.5.1 ABILITY OF ALD EQUIPMENT TO DEPOSIT EXTREMELY THIN FILMS AT NANOMETER LEVEL TO BOOST MARKET GROWTH 119
11 ALD EQUIPMENT MARKET, BY REGION 121
11.1 INTRODUCTION 122
11.2 NORTH AMERICA 123
11.2.1 IMPACT OF RECESSION ON ALD EQUIPMENT MARKET IN NORTH AMERICA 125
11.2.2 US 125
- 11.2.2.1 Increasing demand for solar energy generation to drive market 125
11.2.3 CANADA 126
- 11.2.3.1 Ongoing advancements in photonics industry to fuel market growth 126
11.2.4 MEXICO 127
- 11.2.4.1 Increasing demand for chips in consumer electronics and automotive industries to support market growth 127
11.3 EUROPE 128
11.3.1 IMPACT OF RECESSION ON ALD EQUIPMENT MARKET IN EUROPE 130
11.3.2 GERMANY 130
- 11.3.2.1 Presence of well-established medical and automotive industries to fuel market growth 130
11.3.3 UK 131
- 11.3.3.1 Increasing demand for advanced healthcare solutions to contribute to market growth 131
11.3.4 FRANCE 132
- 11.3.4.1 Highly developed transportation and communication networks to support market growth 132
11.3.5 REST OF EUROPE 133
11.4 ASIA PACIFIC 133
11.4.1 IMPACT OF RECESSION ON ALD EQUIPMENT MARKET IN ASIA PACIFIC 135
11.4.2 CHINA 136
- 11.4.2.1 Favorable government initiatives, cost-effective raw materials, and skilled workforce to strengthen semiconductor industry to propel market 136
11.4.3 JAPAN 136
- 11.4.3.1 Presence of key market players to drive market 136
11.4.4 INDIA 137
- 11.4.4.1 Increasing investments in More than Moore devices to contribute to market growth 137
11.4.5 SOUTH KOREA 138
- 11.4.5.1 Advanced manufacturing capabilities of major market players and favorable government initiatives to boost market 138
11.4.6 REST OF ASIA PACIFIC 139
11.5 ROW 139
11.5.1 IMPACT OF RECESSION ON ALD EQUIPMENT MARKET IN ROW 140
11.5.2 MIDDLE EAST & AFRICA 141
- 11.5.2.1 Enhancement of medical infrastructure and increasing investments in semiconductor industry to drive market 141
- 11.5.2.2 GCC Countries 142
- 11.5.2.2.1 Favorable government policies and investments in semiconductor industry to drive market 142
- 11.5.2.3 Rest of Middle East & Africa 143
11.5.3 SOUTH AMERICA 143
- 11.5.3.1 Growing emphasis on renewable energy to fuel market growth 143
12 COMPETITIVE LANDSCAPE 145
12.1 INTRODUCTION 145
12.2 COMPETITIVE OVERVIEW 145
12.2.1 ORGANIC/INORGANIC GROWTH STRATEGIES 146
12.2.2 PRODUCT PORTFOLIO 147
12.2.3 REGIONAL PRESENCE 147
12.2.4 MANUFACTURING FOOTPRINT 147
12.3 MARKET SHARE ANALYSIS, 2022 147
12.4 REVENUE ANALYSIS, 2018-2022 149
12.5 COMPANY EVALUATION MATRIX, 2022 149
12.5.1 STARS 150
12.5.2 EMERGING LEADERS 150
12.5.3 PERVASIVE PLAYERS 150
12.5.4 PARTICIPANTS 150
12.5.5 COMPANY FOOTPRINT 152
12.6 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 155
12.6.1 PROGRESSIVE COMPANIES 155
12.6.2 RESPONSIVE COMPANIES 155
12.6.3 DYNAMIC COMPANIES 155
12.6.4 STARTING BLOCKS 155
12.6.5 COMPETITIVE BENCHMARKING 157
12.7 COMPETITIVE SCENARIOS AND TRENDS 159
12.7.1 PRODUCT LAUNCHES 159
12.7.2 DEALS 161
12.7.3 OTHERS 163
13 COMPANY PROFILES 166
13.1 INTRODUCTION 166
13.2 KEY PLAYERS 166
13.2.1 ASM INTERNATIONAL 166
13.2.2 APPLIED MATERIALS, INC 172
13.2.3 TOKYO ELECTRON LIMITED 177
13.2.4 LAM RESEARCH CORPORATION 181
13.2.5 VEECO INSTRUMENTS INC 184
13.2.6 KURT J. LESKER COMPANY 188
13.2.7 OPTORUN CO., LTD 190
13.2.8 CVD EQUIPMENT CORPORATION 193
13.2.9 EUGENE TECHNOLOGY CO. LTD 195
13.2.10 BENEQ 197
13.3 OTHER PLAYERS 200
13.3.1 ANRIC TECHNOLOGIES 200
13.3.2 FORGE NANO INC 201
13.3.3 WONIK IPS 202
13.3.4 ENCAPSULIX 203
13.3.5 SENTECH INSTRUMENTS GMBH 204
13.3.6 TEMPRESS 205
13.3.7 NCD CO., LTD 206
13.3.8 JIANGSU MICROGUIDE NANOTECHNOLOGY CO., LTD 207
13.3.9 NAURA 208
13.3.10 CN1 CO., LTD 209
13.3.11 SHOWA SHINKU CO., LTD 210
13.3.12 LEVITECH 210
13.3.13 NANO-MASTER, INC 211
13.3.14 SAMCO INC 212
13.3.15 ARRADIANCE LLC 213
14 APPENDIX 214
14.1 INSIGHTS FROM INDUSTRY EXPERTS 214
14.2 DISCUSSION GUIDE 215
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 219
14.4 CUSTOMIZATION OPTIONS 221
14.5 RELATED REPORTS 221
14.6 AUTHOR DETAILS 222