ALD Equipment Market Growing at 10% CAGR to $6.2 billion by 2028
The ALD equipment market 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 rising number of 3D NAND SSDs and the growing implementation of more than Moore devices are some of the major factors driving the market growth of ALD equipment globally.
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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.
Plasma enhanced ALD (PEALD) equipment to register highest CAGR in the ALD equipment market during forecast period
Along with providing the benefits of conventional ALD methods, PEALD also offers supplementary advantages such as pre- and post-deposition in-situ treatment capabilities. It is primarily utilized in semiconductor applications like CMOS structures, MOSFETs, capacitors, and other semiconductor devices. Therefore, it provides distinct advantages over traditional ALD deposition methods. These advantages are key factors that contribute towards market growth for PEALD.
More Moore application held for the largest market size in the ALD equipment market during the forecast period.
The increasing proliferation of various logic and memory devices fuels the ALD equipment market for more Moore applications. In recent years, there has been a significant rise in demand for 3D NAND flash memory technology to facilitate the increasing need for storage speed without the requirement of reducing chip size. Therefore, the growing adoption of 3D NAND flash memory technology drives market growth.
Asia Pacific held for the largest share of the ALD equipment market in 2022.
Asia Pacific is expected to dominate the ALD equipment market during forecast period. The presence of established several semiconductor manufacturing companies such as Tokyo Electron Limited. (Japan), OPTORUN Co., Ltd. (Japan) and SHOWA SHINKU Co., Ltd. (Japan), government-led initiatives for increasing the adoption of more than Moore devices are the major factors driving the market growth in Asia Pacific
Key market players
The major players in the 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). These companies have used both organic and inorganic growth strategies such as product launches, agreements, collaborations, acquisitions, partnerships and expansions to strengthen their position in the market.
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