ALD Equipment Market Analysis
Based on the application, the market is segmented into computing sector, data centers, consumer electronics, healthcare & biomedical, automotive, and energy & power. The computing sector segment accounted for a market share of over 30% in 2023.
- The global market is seeing growth in the computing sector owing to many factors. There is a growing need for sophisticated semiconductor components with improved functionality and dependability due to the growing demand for high-performance computing devices such as servers, data centers, and gaming consoles. ALD technology enables the precise deposition of thin films on semiconductor substrates, increasing device performance and power efficiency.
- Optimized semiconductor devices are needed for the wide use of AI, Machine Learning (ML), and big data analytics applications. These devices can be produced using fabrication processes enabled by ALD. The creation of cutting-edge computer architectures, such as neuromorphic and quantum computing, depends on ALD machinery for the production of specialized materials and structures, which fuels the demand for ALD in the computing industry.
Based on deposition method, the market is segmented into plasma-enhanced ALD, thermal ALD, spatial ALD, power ALD, and others. The spatial ALD segment is estimated to register 11% CAGR from 2024 to 2032.
- Spatial ALD, a variation of traditional ALD, is gaining popularity due to its unique capabilities. Unlike conventional ALD, which deposits thin films uniformly across a substrate, spatial ALD allows for selective deposition in specific areas, providing greater flexibility and efficiency when manufacturing complex devices. This technology is especially useful for applications that require precise control over material placement such as MEMS devices, sensors, and advanced packaging.
- Spatial ALD's ability to deposit thin films on non-planar and three-dimensional surfaces broadens its applications in emerging industries such as wearable electronics and biomedical devices. As the demand for highly integrated and miniaturized products increases, spatial ALD is poised to play a critical role in enabling advanced manufacturing processes, augmenting its adoption and growth in the market.
North America held a significant share of over 35% in the global ALD equipment market in 2023. The industry is expanding in North America owing to several factors. The region has a robust semiconductor sector, with businesses consistently investing in cutting-edge manufacturing technologies such as ALD. The development of new ALD equipment and applications is fueled by North America's status as a center for technological innovation and research. The rising demand for ALD in developing industries including aerospace, defense, and healthcare is fostering market expansion. Overall, the growth of the market in North America is credited to favorable economic conditions and technological advancements.