The growing need to advance electronic devices towards micro spatially structures has impelled organizations to push their budget limits for funding research and development programs. Several experiments are being conducted by institutions and organizations for the development of the atomic layer deposition technique which is a form of thin film deposition technique. Thin film deposition technique enables manufacturers of electronic products to design devices based on micro or nano technology that reduces the size and weight of the devices. Implementation of the atomic layer deposition technique will enable the encapsulation of devices from impurities, moisture, and oxygen, thus ensuring long and failure-free operation.
Browse the full Global Atomic Layer Deposition Equipment Market Report:http://www.mrrse.com/atomic-layer-deposition-market
Atomic layer deposition equipment is used as a biocompatible coating in power-based catalyst, anti-tarnishing of jewelry, solar cell energy, and medical applications. In 2015, the global atomic layer deposition equipment market was worth US$875.0 mn and is poised to touch a valuation of US$8.58 bn by 2024. The market is projected to expand at a 29.4% CAGR from 2016 to 2024.
Industrial Development in Asia Pacific to Open Myriad of Opportunities for ALD Equipment Manufacturers
Geographically, the most lucrative markets for atomic layer deposition are situated in the Middle East and Africa, Latin America, Europe, Asia Pacific, and North America. However, Asia Pacific emerged as the leading market in terms of deployment of atomic layer deposition equipment owing to the growing of ALD equipment in core industries. In 2015, Asia Pacific accounted for a share of over 57.2% in the global atomic layer deposition equipment market. The growth in the atomic layer deposition equipment market can be further attributed to the expansion of industries such as semiconductor, electronics, and automotive. Asia Pacific is also likely to witness strong growth with a CAGR of 29.9% over the forecast period.
Application of ALD Equipment in Nanotechnology to Bode Well for Market
The application of atomic layer deposition in nanotechnology has significantly increased over the past couple of years. Recent technological developments in ALD technology such as enhanced reliability, performance, and scalability have fueled the adoption of ALD technology over various sectors, especially nanotechnology. The use of ALD in nanotechnology as a fabrication and manipulation tool is expected to intensify over the forthcoming years. However, the time taken by the ALD process is a factor that is likely to restrain the growth of the market.
Burgeoning Demand for ALD Equipment from Semiconductor and Electronics Industry to Drive Market Growth
The rising adoption of ALD techniques in the semiconductor and electronics industry has opened a plethora of opportunities for manufacturers of ALD equipment. On the basis of application, the semiconductor and electronics segment is expected to exhibit the leading demand for atomic layer deposition equipment over the forecast period. As ALD equipment is highly effective, their demand is expected to surge in the semiconductor and electronics industry along with their application across research and development facilities and the automotive sector.
Browse the full Press Release of Global Atomic Layer Deposition Equipment Market at http://www.mrrse.com/global-atomic-layer-deposition-market
The key players in the global ALD equipment market are Beneq Oy, Arradiance Inc., Picosun Oy, CVD Equipment Corporation, Aixtron SE, Entegris Inc., and ASM International N.V. among others.