ALD Equipment Market Trends

ALD Equipment Market Trends

The need for advanced semiconductor fabrication technologies, such as ALD, is driven by the growing demand for miniaturized electronic devices, such as wearables, smartphones, and Internet of Things (IoT) gadgets. The increasing utilization of nanotechnology in various sectors, such as electronics, healthcare, and energy, has made the accurate thin film deposition capabilities provided by ALD equipment indispensable. The need for ALD coatings in energy storage devices, solar cells, and LED lighting is increasing due to the growing emphasis on sustainability and energy efficiency. The growing applications of ALD outside of traditional semiconductor manufacturing, such as MEMS devices, sensors, and biomedical devices, are contributing to market expansion. For instance, in February 2020, Veeco Instruments Inc. launched a suite of MOCVD systems to facilitate the development of high-performance photonics devices. The MOCVD platform incorporates proprietary TurboDisc reactor technology for excellent film yield, uniformity, and device performance for various photonics applications. This model ramped up the production of VCSEL, Mini/Micro LED devices, and Edge-emitting Laser (EEL).

Continuous developments in ALD technology, such as increased throughput, better film uniformity, and the creation of new materials, are propelling market expansion by raising the appeal and applicability of ALD across a wider range of industries. These factors support the market's upward trajectory.