The demand for atomic layer deposition solutions is increasing, as it enables the use of new materials and designs for advanced chip manufacturing. Industries are increasingly adopting the miniaturization trend globally. Thus, presently, there has been an increased demand for miniaturized electronics and equipment.

- According to Cisco, there will be around 500 billion devices connected to the Internet by 2030. Each device includes sensors that collect data, interact with the environment, and communicate over a network. These applications need miniaturized storage devices and ICs. The increasing amount of data generated from the growing connected devices has increased the demand for storage devices, thereby driving the market growth.

- Moreover, several data center projects are in line, owing to the rise in data center traffic due to higher data generation. By 2020, it is anticipated that major global data centers will begin more than ten construction projects around the world, of which more than 80% are expected to be initiated by the North American data center market.

- Further, factory automation and increased use of robots is also expected to drive the sales of semiconductors, which, in turn, will drive the market for ALD technology. In 2017, 3-D printing technologies enabled the German company, Adidas, to set up two “speed factories” for shoe production, where one in Ansbach, Germany, and the other in Atlanta in the United States.

- The spread of the COVID-19 pandemic has impacted both the supply and demand segment of the market and had prompted multiple companies to fast-track their business decision in the market. With Samsung moving manufacturing units to India and Vietnam, the supply sector is expected to readjust in the APAC region as with the COVID-19 impact, and businesses are trying to diversify their supply dependencies to remain functional in the face of new challenges.

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Key Market Trends

Semiconductors and Electronics Industry to Drive the Market Growth

- Atomic layer deposition technology is expected to be driven by the demand from the semiconductor and electronics segment. While the semiconductor segment is expected to affect the growth of the technology directly, any surge in the electronics sector will lead to the technology's development. Hence, driving the market growth for atomic layer deposition equipment.

- The electronics industry goes through cyclic phases of ups and downs. The electronic industry's forecast in short to medium term is encouraging. According to the Ericsson Mobility Report, there will be about 8.9 billion mobile subscriptions, 8.4 billion mobile broadband subscriptions, and 6.2 billion unique mobile subscribers by 2024. This is expected to boost the growth of ALD technology.

- The rise in the sale of microelectronics and consumer electronics is expected to fuel the demand for semiconductor ICs, during the forecast period. The increase in demand for semiconductor ICs is projected to improve the production capacity of semiconductor device manufacturers, which, in turn, may augment the demand for the atomic layer deposition equipment market.

Asia-Pacific Expected to Witness the Highest Growth Rate

- Asia-Pacific continues to be the most critical region for the proliferation of the electronics industry. Asia-Pacific has now become a hub of OEMs in the electronics industry. Moreover, emerging economies, like Vietnam, have invested heavily in this industry, leading to healthy competition among various countries in the region. Moreover, established hubs, like Taiwan and China, continue to invest heavily in R&D, enabling them to stay ahead of the curve in terms of innovations that drive the market growth.

- With exceptional data traffic across China (IP and mobile data traffic), server memory demand is expected to increase. With IoT taking shape in China, the number of network devices is expected to reach almost 5.5 billion in 2021, compared to 3.5 billion in 2016, according to the Cisco systems.

- Furthermore, according to the World Investment Report of 2018 by UNCTAD, while the FDI inflows to East Asia remained stable at USD 265 billion, with a slight decline in Hong Kong (China), they reached an all-time high in China. Most of the FDI inflows were in the electronics industry. This factor is expected to strengthen the future forecasts for the industry in the region, as investors continue to put their money in this industry in the region.

Competitive Landscape

The atomic layer deposition equipment market is fragmented in nature as several players are operating in the market. Players in the market adopt strategies like mergers and acquisitions, partnerships to capture market share. Some of the recent developments in the market are:

- November 2019 - Applied Materials Inc. introduced the Materials Engineering Technology Accelerator (META Center), a facility aimed at speeding customer prototyping of new materials, process technologies, and devices. As chipmaking is becoming increasingly challenging, the META Center has extended Applied’s ability to collaborate with customers to pioneer new ways of improving chip performance, power, and cost.

- July 2019 - Applied Materials Inc. announced the acquisition of the semiconductor equipment maker, Kokusai Electric, for USD 2.2 billion, from KKR & Co. (KKR). This acquisition is expected to strengthen the Applied’s footprint in Asia and add to the existing processing technologies of the company.

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