ALD Equipment Market

ALD Equipment Market Outlook 2024 to 2034

The atomic layer deposition (ALD) equipment market share is estimated to clock a revenue of USD 4.9 billion in 2024. Due to surging semiconductor photonic devices, the market for ALD equipment is expected to register a growth of 8.90% through 2034, with a forecast valuation of USD 11.6 billion by 2034.

Attributes	Details
ALD Equipment Market Size, 2023	USD 4.46 billion
ALD Equipment Market Share, 2024	USD 4.9 billion
ALD Equipment Market Valuation, 2034	USD 11.6 billion
Value CAGR (2024 to 2034)	8.90%

Top Trends Contributing to ALD Equipment Sales

• The emerging trend of miniaturization in electronic devices is supporting the adoption of ALD equipment.
• Increasing advancements like FinFET-based transistor devices and 3D NAND memory are creating demand for exact deposition of conformal thin films. Thus boosting investment in ALD equipment as it facilitates the deposition of material with outstanding conformality.
• ALD equipment plays a key role in attaining high-quality thin films to optimize the efficiency and performance of advanced technologies.
• Photovoltaics are increasingly being deployed due to heightened demand for solar cells. The market development is anticipated to promote sales of ALD equipment.
• Extensive application of ALD films in solar cells as buffer layer, absorber layer, etc., are also expected to boost sales.
• Advancements in the ALD equipment are observing better reactor designs, the development of novel precursors, etc.
• Constant enhancements in nanotechnology and microelectronics are expected to bolster ALD equipment sales.

Historical Growth of the ALD Equipment Market Vs. Forecast Outlook

Attributes	Details
ALD Equipment Market Size (2019)	USD 3.07 billion
ALD Equipment Market Share (2023)	USD 4.46 billion
Historical Growth Rate % (2019 to 2023)	9.8%

The ALD equipment market surged from USD 3.07 billion in 2019 to USD 4.46 billion in 2023. During these years, the market registered a CAGR of 9.8%. Increasing applications of ALD equipment in multiple industries like electronics, semiconductors, healthcare, etc., are pushing equipment sales. Other factors that are augmenting the ALD equipment market are as follows:

• Increasing deployment of ALD equipment in the development of solar cells, modern microelectronic devices, and ultra-thin corrosion-resistant coatings.
• Surging demand for next-gen semiconductor devices to contribute to ADP equipment sales.
• The growing popularity of ALD equipment in the automotive sector creates new growth prospects.
• The heightened adoption of ALD equipment in medical device manufacturing.

The market is set to register a CAGR of 8.9% through 2034 to reach USD 11.6 billion by 2034 from USD 4.9 billion in 2024. The following factors are contributing to ADP equipment demand:

• Continuous research and development activities to bring advancements in ALD equipment.
• Surging demand for solar cells and lithium-ion batteries to increase sales of ADP equipment.
• The constant demand for semiconductors and power-converting devices is expected to favor market growth.

Historical CAGR % (2019 to 2023)	9.8%
Forecast CAGR % (2024 to 2034)	8.9%

Country-wise Insights

The United States to Lead the ALD Equipment Market

Country	The United States
Forecast CAGR % (2024 to 2034)	9%
Historical CAGR % (2019 to 2023)	10.3%

The United States is expected to expand at a CAGR of 9% to obtain USD 2.1 billion by 2034. Given below are the leading factors enhancing the market growth:

• The running trend of miniaturization in electronic devices creates significant demand for precision deposition systems for conformal thin films. Since ALD systems enable exceptional conformity at temperatures measuring 400° C, they find considerable adoption in electronics.
• The wide-scale presence of several manufacturing firms in the United States supports market growth. For instance, in September 2023, KURL Technology Group announced to enter into a strategic partnership with Forge Nano. Through this partnership, KURL plans to combine its cell categorization and automated cell screening with the ALD coating process.

Key Investors in the ALD Equipment Market are Eyeing China for its Significant Growth Potential

Country	China
Forecast CAGR % (2024 to 2034)	9.9%
Historical CAGR % (2019 to 2023)	12.2%

The ALD equipment market size in China is estimated to arrive at USD 1.8 billion by 2034. Meanwhile, the market is set to expand at a CAGR of 9.9%, reducing from the 12.2% CAGR witnessed in the historical period. The following factors are optimizing sales of ALD equipment in China:

• The rising presence of well-established semiconductor manufacturing companies within the country is enhancing the market scope.
• Surging government-led initiatives to boost the acceptance of more than Moore devices are contributing to the adoption of ALD equipment in China.

Japan to Provide Lucrative Prospects for Leading Manufacturers

Country	Japan
Forecast CAGR % (2024 to 2034)	10.2%
Historical CAGR % (2019 to 2023)	15.3%

The Japan ALD equipment market is assessed to attain a valuation of USD 1.3 billion by 2034. Meanwhile, the market is expected to be spearheaded by a CAGR of 10.2%. The factors below determine the sales growth of ALD technology tools in Japan:

• The growing focus on a cost-efficient manufacturing environment for ALD equipment.
• The continuously expanding semiconductor industry in Japan is fueling investments in ALD equipment.

Growing Demand for Next-gen Device Development in South Korea to Enhance Market for ALD Equipment

Country	South Korea
Forecast CAGR % (2024 to 2034)	10.5%
Historical CAGR % (2019 to 2023)	11.9%

South Korea ALD equipment market is anticipated to capture a market size of USD 692.3 million by 2034. From 2024 to 2034, the market is anticipated to register a CAGR of 10.5%. Mentioned below are the key factors driving the growth of the South Korea market:

• Increasing demand for ALD equipment to coat high aspect ratio structures, such as nanotubes and nanowires for next-gen device development.
• Spurring partnerships and expansions in the country are enhancing the market size in upcoming years.

Demand for ALD Solutions in Research and Development Applications Augmenting the United Kingdom Market

Country	The United Kingdom
Forecast CAGR % (2024 to 2034)	9.7%
Historical CAGR % (2019 to 2023)	13.9%

The United Kingdom ALD equipment market is anticipated to acquire a market value of USD 475.4 million by 2034. The following factors are pushing the sales of ALD equipment:

• Growing demand for defect-and-pinhole-free, dense films in the semiconductor industry for their superior performance is catapulting sales of ALD equipment.
• Key players are offering ALD solutions custom-made for production and research and development applications.

Category-wise Insights

Metal ALD Holds a Dominant Position in the ALD Equipment Market

The metal ALD segment is expected to acquire a leading position in the overall ALD equipment market. Through 2034, the market segment is anticipated to record a CAGR of 8.5%. Demand for ALD composed of noble metals like rhodium, ruthenium, platinum, palladium, and iridium is increasing for research purposes. The growing adoption of metal ALD in modern semiconductor devices is further contributing to the segment growth.

Forecast CAGR % (2024 to 2034)	8.5%
Historical CAGR % (2019 to 2023)	9.6%

Cobalt, tantalum, titanium, aluminum, tungsten, etc., have a higher dielectric constant and are used to develop thin metallic films.

Research and Development Facilities Hold Massive Market Share

The research and development facilities segment is gaining significant traction in the upcoming years. A key component pushing the application of ALD equipment in research and development is government funding and incentives for technological research.

Forecast CAGR % (2024 to 2034)	8.1%
Historical CAGR % (2019 to 2023)	9.3%

Growing demand for ALD in large-scale production and research activities is catalyzing segment growth. Additionally, applications of ALD are increasing in research fields such as nanotechnology, material science, biotechnology, and electronics. Thus boosting its utilization in new devices and materials with improved performance.

Key Strategies Adopted by ALD Equipment Manufacturers to Increase their Foothold in the Market

ALD equipment manufacturers invest in research and development activities to develop innovative ALD solutions. Newly developed solutions with better performance, more comprehensive applications, and improved capabilities are expected to find high consumption. Key players also focus on customer engagement initiatives and effective marketing strategies to build brand awareness, foster customer loyalty, and generate leads.

Market players are exploring new applications in emerging industries like battery production, energy storage, and biomedical devices. This way, they can diversify their revenue streams and enlarge their market reach. To differentiate from the rest, leading players are offering comprehensive after-sales service and support to encourage repeat business. Some examples of these services include troubleshooting assistance, prompt maintenance, and spare parts availability.

Players are also working on building the trust of customers by complying with industry regulations and standards, like safety certifications. For sustained growth in the ALD equipment market, key players are expected to be wary of recent industry trends and customer needs. Awareness regarding the same can help companies identify and tap emerging opportunities. Apart from this, strategies like partnerships, collaboration, acquisition, mergers, and geographical expansion are also used for competitive growth.

New Developments in the ALD Equipment Industry

• In February 2020, Veeco Instruments Inc. launched a suite of MOCVD systems to facilitate the development of high-performance photonics devices. The MOCVD platform incorporates proprietary TurboDisc reactor technology for excellent film yield, uniformity, and device performance for various photonics applications. This new model is expected to ramp up production of VCSEL, Mini/Micro LED devices, and Edge-emitting Laser (EEL).
• In June 2022, LAM RESEARCH CORPORATION introduced SPARC, a new deposition technology beneficial for advanced logic and DRAM. With the help of SPARC, the company can develop homogenous, durable low-k films that adhere to features in terms of thickness and composition.
• In June 2022, Applied Materials acquired Picosun, a Finland-based semiconductor equipment company. This acquisition is aimed at broadening Applied’s portfolio of specialty chips.

Key Players Operating in the ALD Equipment Market

• ASM International
• Entegris
• Aixtron
• CVD Equipment Corporation
• Forge Nano Inc.
• Beneq Group
• Oxford Instruments plc
• Arradiance LLC
• Veeco Instruments
• Lam Research Corporation
• Others

Key Segments in the ALD Equipment Market Report

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

Frequently Asked Questions

How Big is the ALD Equipment Market in 2024?

The ALD equipment market is expected to be worth US$ 4.9 billion in 2024.

What is the Growth Potential of ALD Equipment?

The market is predicted to expand at a CAGR of 8.90% through 2034.

What is the Future of the ALD Equipment Market?

The market is anticipated to account for US$ 11.6 billion by 2034.

Which Country Offers High Growth Prospects for ALD Equipment?

South Korea is predicted to provide high growth opportunities.

Which Product Type is Extensively Used by End Users?

Metal ALD is considerably opted for by end users.