Market Size of North America Atomic Layer Deposition Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Atomic Layer Deposition Market Analysis
The North American atomic layer deposition market is expected to register a CAGR of 5%, over the forecast period (2021 - 2026). The atomic layer deposition (ALD) is a technique of producing a high-quality thin film of precursor materials on substrates, to improve or modify properties, such as conductivity, chemical resistance, and strength. It is an important process in the fabrication of microelectronics, due to its ability to produce accurate thicknesses and uniform surfaces and is a part of tools available for the synthesis of nanomaterials. The demand for thin-film semiconductors has increased over the last years in smart wearables, solar panels, and smartphones, due to its lightweight, compact size, high efficiency, and durability. It is commonly used in Li-ion batteries, fuel cells, solar cells, sensors, implants, and transistors, among others.
The increasing acceptance of drone and unmanned aerial vehicles in the US commercial spaces for security purposes is thriving in the semiconductor industry. As per the Federal Aviation and Administration, there are a total of 1,563,263 registered drones, out of which 441,709 are commercial drones and 1,117,900 are recreational drones, as of March 2020.
The growing demand for intelligence, surveillance, and reconnaissance assets in the United States is fueling the R&D spending for the development of unmanned aerial vehicle. According to Teal Group 2019 report, US R&D spending may increase from an estimated USD 2.2 billion in 2020 to USD 2.7 billion in 2029, and procurement may ramp up from USD 2.5 billion in 2020 to about USD 3.3 billion, by the end of the decade.
Strong federal policies, like the solar investment tax credit, declining costs, and increasing demand across the private and public sector for clean electricity, in the United States has led to the average annual growth rate of 48% in the solar industry. The country has nearly 78 gigawatts (GW) of solar capacity installed that is enough to power 14.5 million homes. In 2019, the solar industry generated USD 18 billion of investment in the American economy, according to the Solar Energy Industries Association (SEIA).
Restraints that can inhibit the market growth are huge initial investments required for setting up new manufacturing facility, limited substrate size, and increasing cost of raw materials. However, growing demand for sensors and Li-ion battery in the smartphone industry and increasing application of solar systems in various industries are expected to create numerous opportunities for the growth of the atomic layer deposition market in the future.
North America Atomic Layer Deposition Industry Segmentation
The report on the North American atomic layer deposition market is limited to the semiconductor and electronics, healthcare and biomedical, automotive, and other applications in the United States and Canada.
By Application | |
Semiconductor and Electronics (Includes Computing Sector, Data Centers, and Consumer Electronics) | |
Healthcare and Biomedical Application | |
Automotive | |
Other Applications |
By Geography | ||||
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North America Atomic Layer Deposition Market Size Summary
The North American atomic layer deposition (ALD) market is poised for growth, driven by its critical role in microelectronics fabrication and nanomaterial synthesis. ALD is essential for producing high-quality thin films that enhance properties like conductivity and chemical resistance, making it indispensable in the production of thin-film semiconductors used in smart wearables, solar panels, and smartphones. The increasing demand for these semiconductors is fueled by their lightweight, compact, and durable nature, which is particularly beneficial in applications such as Li-ion batteries, fuel cells, and sensors. The market is further bolstered by the rising adoption of drones and unmanned aerial vehicles in the US, which is stimulating semiconductor industry growth. Federal policies supporting clean energy, such as the solar investment tax credit, alongside declining costs and heightened demand for renewable energy, are also contributing to the market's expansion.
The North American ALD market is characterized by intense competition among major players like Applied Materials Inc., Lam Research Corporation, and Entegris Inc., who are actively seeking to expand their global presence through strategic collaborations and acquisitions. These companies are focusing on enhancing their technological capabilities and broadening their customer base to maintain their market dominance. The market's growth is supported by the burgeoning electronics industry and the increasing number of solar energy projects and data centers in the region. Additionally, the market is experiencing opportunities in biomedical applications, driven by the rising demand for medical devices and implants in the United States. Despite challenges such as high initial investment costs and limited substrate sizes, the market is expected to continue its upward trajectory, supported by advancements in technology and strategic industry partnerships.
North America Atomic Layer Deposition Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Demand for Flexible Sensors and Related Biomedical Applications
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1.2.2 Growing R&D Activities Involving Tissue Engineering and Drug Delivery
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1.3 Market Restraints
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1.3.1 Limitation Regarding the Substrate Size and Higher Costs for the Coating Gases
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1.4 Value Chain Analysis
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1.5 Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Assessment of Impact of COVID-19 on the Industry
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2. MARKET SEGMENTATION
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2.1 By Application
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2.1.1 Semiconductor and Electronics (Includes Computing Sector, Data Centers, and Consumer Electronics)
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2.1.2 Healthcare and Biomedical Application
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2.1.3 Automotive
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2.1.4 Other Applications
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2.2 By Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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North America Atomic Layer Deposition Market Size FAQs
What is the current North America Atomic Layer Deposition Market size?
The North America Atomic Layer Deposition Market is projected to register a CAGR of 5% during the forecast period (2024-2029)
Who are the key players in North America Atomic Layer Deposition Market?
Lam Research Corporation, Entegris Inc., Veeco Instruments Inc., Applied Materials Inc. and Picosun USA LLC are the major companies operating in the North America Atomic Layer Deposition Market.