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Tokyo, October 12, 2021 (GLOBE NEWSWIRE) – Precedence Research, recently announced report on “Atomic Layer Deposition Market Size, Share, Growth, Trends, Regional Outlook, Revenue and Forecast 2021-2030 â€.
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Atomic layer deposition is a very popular and best method for producing thin films. These thin films are widely used in telecommunication devices, integrated circuits, transistors, LCD displays, LEDs, solar cells, computer chips and many other applications. It has become an important part of human life. Therefore, the extensive use of thin films, usually made from atomic deposition techniques, is driving the market growth across the world. In addition, the increasing adoption of miniature devices and equipment in various industrial manufacturing units is driving the growth of the global atomic layer deposition market. Rapid urbanization and rapid industrialization are the major factors that are expected to fuel the market growth, especially in the developing economies of China, India, Brazil and South Korea.
The crucial factors responsible for the growth of the market are:
- Rapid industrialization
- Government policies aimed at attracting FDI to developing regions
- Growing demand for electric vehicles and growth of the automotive industry
- Sustainable growth of the home appliance industry around the world
- Growing production of miniature devices and equipment
- Growing medical device manufacturing industry
- The growing demand for solar devices
Satomic layer deposition market Report
| Cover of the report | Details |
| Market size in 2020 | US $ 3.7 billion |
| Growth rate from 2021 to 2030 | 7.3% CAGR |
| The biggest market | North America |
| Fastest Growing Market | Asia Pacific |
| Year of reference | 2021 |
| Forecast period | 2021 to 2030 |
| Covered segments | Type of product, Type of application, Type of region |
Highlights of the report
- By product, the aluminum oxide segment dominated the global atomic deposition market in 2020. The extensive use of atomic layer deposition technique for the production of aluminum oxide thin films has contributed to significantly to the growth of the segment. The growth of this segment is directly linked to the growth of the electronics and automotive industries.
- By application, the solar devices segment is estimated to be the fastest growing segment. Growing concerns about global warming have led to the growth of government initiatives to reduce the carbon footprint. This has resulted in greater adoption of solar power across the world. Hence, the increasing demand for solar devices is expected to drive the growth of this segment during the forecast period.
Regional snapshots
Asia Pacific is the dominant and fastest growing atomic layer deposition market. The Asia-Pacific atomic layer deposition market is primarily driven by the large number of electronics manufacturers in economies such as China, Japan, South Korea, Taiwan, and India. This has fueled the consumption of atomic layer deposition in the past. In addition, increased public spending on infrastructure construction aimed at attracting top electronics and auto manufacturers to set up manufacturing units in the region is expected to have a positive impact on the growth of the depot market. atomic layer in this region.
North America is the second largest market after Asia-Pacific. The rapid growth of industries has fueled the growth of the market in North America. Moreover, the presence of major automotive market players such as Ford Motor Company, Toyota Motors, and General Motors has significantly contributed to the growth of the atomic layer deposition market in the region. In addition, the growing popularity of electric vehicles is a major factor that is expected to increase the consumption of atomic layer deposition technology in the developed markets of Canada and the United States.
Market dynamics
Conductors
The atomic layer deposition market is significantly driven by the increasing demand for logic chips and foundries to expand production. In addition, the increasing demand for high performance processors and the development of 5G smartphones are expected to promote the growth of the global atomic layer deposition market during the forecast period.
Constraints
The high costs associated with the use of atomic layer deposition technologies and the costs associated with research and development is a major factor which may hamper the growth of the market during the forecast period.
Opportunities
The growing investments in the development of V2X (Vehicle to Everything) and M2X (Machine to Everything) should offer new opportunities to players in the atomic layer deposition market. V2X and M2X are the wireless communication technologies that require intensive use atomic layer deposition technique.
Challenges
The growing demand for innovative and compact technologies has resulted in the development of technological challenges. Technologies have now become more complex due to the complexity of device structures. Therefore, these complexities need to be addressed by market players to support growth.
Segments covered in the report
By product
- Aluminum oxide
- Metal
- Catalytic
- Improved plasma
- Others
By application
- Solar devices
- Semiconductors
- Electronic
- Medical equipement
- Others
By geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Click here for See the table of contents of the full report
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