Albany, New York, October 05, 2016: Market Research Reports Search Engine (MRRSE) has announced the addition of a new report to its report repository titled, “Atomic Layer Deposition (ALD) Equipment Market – Global Industry Analysis Size Share Growth Trends and Forecast 2016 – 2024.” According to the report, the global atomic layer deposition equipment market is expected to expand at a 29.4% CAGR from 2016 to 2024. In 2015, the market was valued at US$875.0 mn and is poised to touch a valuation of US$8.58 bn by 2024.
The study begins with an overview of the global atomic layer deposition equipment market. This section evaluates the trends predominant in the market along with the dynamics that are likely to positively or negatively impact the growth of the global atomic layer deposition equipment market. Atomic layer deposition equipment has applications in various sectors such as automotive, semiconductor and electronics, and nanotechnology among others. Advancements in atomic layer deposition equipment such as enhanced reliability, performance, and scalability are expected to fuel its demand over the forthcoming years across various other core industries.
The growing investments and funding in research and development projects for the development of high-end thin film deposition techniques and equipment has lifted the adoption of atomic layer deposition equipment across several industries over the past few years. The atomic layer deposition technique is used for the encapsulation of electronic devices to protect against factors such as impurities, moisture, and oxygen, ensuring failure free and long operation of electronic devices.
The report further states that the growth of the global atomic layer deposition equipment market can be attributed to the rising use of ALD technology in the manufacturing of electronics such as printers, DVD players, and smartphones among others. Some of the prime applications of atomic layer disposition technique include quality control, microelectronics, portable media players, video games, biomedical, and industrial.
The burgeoning demand for atomic layer deposition equipment from the semiconductor and electronics and the nanotechnology sector is anticipated to enhance the growth of the market further. Semiconductor and electronics emerged as the leading application segment in 2015 with a share of 87.4%. However, strict regulations in terms of export control of atomic layer deposition equipment are anticipated to impede the growth of the market over the next couple of years. High initial investment, lack of skilled professionals along with ALD being a time consuming process is expected to adversely affect the demand of the equipment across several small and medium scale industries.
Geographically, the global atomic layer deposition equipment market is segmented into the Middle East and Africa, Latin America, Europe, Asia Pacific, and North America. Asia Pacific is expected to expand at a 29.9% CAGR over the forecast period, thus emerging as the leading regional segment in terms of consumption. Some of the key players such as Arradiance Inc., Entegris Inc., Picosun Oy, ASM International N.V., Aixtron SE, Applied Materials Inc., and Ultratech Inc. are adopting strategies such as technology innovation to sustain in the competitive nature of the market.
Browse Full Global Atomic Layer Deposition Equipment Market Report with TOC:http://www.mrrse.com/atomic-layer-deposition-market
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