Chicago, March 19, 2024 (GLOBE NEWSWIRE) — The ALD equipment market size is estimated to be worth USD 3.9 billion in 2023 and is projected to reach USD 6.2 billion by 2028, at a CAGR of 10.0% during the forecast period. The growing semiconductor industry is expected to provide growth opportunities for market players offering ALD equipment. Moreover, increasing adoption of more than Moore devices such as CMOS image sensors, MEMS & sensors, RF devices, etc. is also a key factor contributing to the market growth of ALD equipment.
- ALD Equipment companies include:
- ASM International N.V. (Netherlands),
- Tokyo Electron Limited. (Japan),
- Applied Materials, Inc. (US),
- LAM RESEARCH CORPORATION. (US), and
- Veeco Instruments Inc. (US).
The market players have adopted various strategies such as product launches, partnerships, collaborations, contracts, acquisitions, and expansions to strengthen their position in the ALD equipment market. The organic and inorganic strategies have helped the market players to expand themselves globally by providing new and advanced ALD equipment solutions.
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ASM International N.V. (Netherlands) offers ALD equipment such as ALD systems, thermal ALD system and plasma-enhanced ALD systems. ASM International N.V. focuses on both organic and inorganic growth strategies such as product launches, expansions and acquisitions to strengthen its position in the ALD equipment market. For instance, in March 2022, ASM International N.V. acquired Reno Sub-Systems Inc., a company that offers RF matching sub-systems for equipment utilized to manufacture semiconductors such as ALD equipment. This acquisition strengthened the product portfolio of ASM International N.V.
Tokyo Electron Limited. (Japan) is a multinational corporation that specializes in manufacturing equipment used in the production of semiconductors. Tokyo Electron Limited. focuses extensively on organic growth strategies such as expansions to strengthen its position in the market. In March 2023, the company announced a new development facility at the Hosaka office in Nirasaki City, Yamanashi Prefecture. This expansion will serve the continuous technological advancements used to make semiconductors more diverse and complex.
ALD Equipment Market Dynamics
Driver: Rising number of 3D NAND SSDs
The growing trend of miniaturization in electronic devices, coupled with advancements such as 3D NAND memory and FinFET-based transistor devices, has generated a heightened demand for the precise deposition of conformal thin films. Therefore, ALD plays a crucial role in the miniaturization of electronic devices as it enables the deposition of materials with exceptional conformality even at temperatures around 400°C. Moreover, ALD provides a valuable means to achieve high-quality thin films, essential for optimizing the performance and efficiency of these cutting-edge technologies. Therefore, the increasing number of 3D NAND SSDs is expected to drive the market growth for ALD equipment.
Restraint: Shortage of trained workforce
The increasing demand for semiconductor devices from many end user industries, such as consumer electronics and automotive, has created several opportunities for the market players. However, the shortage of skilled technicians for such complex processes has not enabled the market players to utilize these opportunities to the fullest. So, the need for highly skilled workers to carry out these complicated tasks is a big problem that may restrain ALD equipment market growth.
Opportunity: The escalating need for photovoltaic systems
Photovoltaics are integrated into solar cells; the growing demand for solar cells contributes to the growing deployment of photovoltaics, which is expected to drive the market growth for ALD equipment. ALD films are also used in solar cells as surface passivation layers, buffer layers, window layers, absorber layers, and hole/electron contact, which can further drive the market growth of ALD equipment. Moreover, the health and environmental advantages of adopting photovoltaic power are particularly significant in densely populated areas heavily reliant on coal power, in contrast to sparsely populated regions abundant in clean hydropower or wind energy. Consequently, the surging demand for photovoltaics has led to an increased deployment of ALD equipment, which is expected to drive the market growth of ALD equipment in the future.
Challenge: Rising technical challenges and process complexities
Manufacturing semiconductors demands an extremely clean environment and equipment. Even a tiny speck of dust can disrupt…