ALD Equipment Market Surges Due to Semiconductor and Electronics Demand

The global ALD equipment market value is expected to rise from US$ 4.9 billion in 2024 to US$ 11.6 billion by 2034. This demand for ALD equipment is expected to be driven by a promising CAGR of 8.9% from 2024 to 2034.

ALD-associated research activities that universities and research centers are leading aim to stimulate innovation and new ALD applications. Moreover, rising demand for organic electroluminescent (EL) devices and electric vehicles is expected to push sales of ALD equipment.

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Key Takeaways from the ALD Equipment Market Report:

The ALD equipment market is poised for substantial growth across various regions, with the United States projected to reach a value of US$ 2.1 billion by 2034, exhibiting a robust CAGR of 9%. Similarly, China's market is anticipated to expand at a slightly higher rate, with a CAGR of 9.9%, reaching US$ 1.8 billion by the same year. Notably, South Korea and Japan are expected to demonstrate significant growth rates, with CAGRs of 10.5% and 10.2%, respectively, through 2034. In Europe, particularly in the United Kingdom, the ALD equipment market is set to record a notable CAGR of 9.7%. Across all regions, the metal ALD segment is forecasted to witness substantial expansion at a CAGR of 8.5% through 2034, while research and development facilities are also expected to register steady growth, with a CAGR of 8.1% over the same period.

Competitive Strategies Adopted by ALD Equipment Manufacturers:

Key players in the ALD equipment market are adopting inorganic and organic strategies to expand their market reach. Inorganic market strategies include acquisitions, geographical expansion, mergers, collaborations, and partnerships. To organically gain a larger market share, key players are working on obtaining various certifications to gain customers’ trust. Additionally, players are focusing on their after-sales service to retain customers.

Market players invest in research and development activities to advance ALD solutions. Moreover, they are working on enhancing applications of ALD equipment.

Leading Key Players:

The ALD (Atomic Layer Deposition) Equipment market features key players such as ASM International, Entegris, Aixtron, CVD Equipment Corporation, Forge Nano Inc., Beneq Group, Oxford Instruments plc, Arradiance LLC, Veeco Instruments, Lam Research Corporation, among others. These companies are at the forefront of technological innovation and play a significant role in shaping the ALD equipment industry, catering to diverse applications across various sectors.