Sep 15, 2020   SOURCE: BusinessWire

Global Atomic Layer Deposition Markets, 2017-2019 & 2020-2026 - ResearchAndMarkets.com

The "Atomic Layer Deposition Market - By type, By applications, and Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.

The global Atomic Layer Deposition market, which was valued nearly 2 (USD Billion) in 2019, is set to record a CAGR of nearly 30% over 2020-2026.

The report offers assessment and analysis of the Atomic Layer Deposition market on a global and regional level. The study provides an in-depth assessment of the industry competition, limitations, sales revenues, opportunities, emerging trends, and industry-validated information. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Introduction

Atomic layer deposition is a major production procedure used in the semiconductor device fabrication and is a component of a tool set that is available for nanomaterial synthesis. It is utilized in data storage equipment, tiny electronic parts, and displays where the film thickness is necessary. Apparently, the advent of Nano technology has resulted in the product gaining massive acceptance in various sectors across the globe. It is used for producing Nano-coatings as well as thin films.

Market Growth Dynamics

The growth of the market over the forecast timespan is owing to massive demand for the product in semiconductor & power converting systems. In addition to this, the need for solid state thin film batteries is surging due to massive usage of smart watches, implantable medical equipment, and smartphones. Apart from this, launching of new technologies like plasma-enhanced ALD technology will chart a profitable roadmap for atomic layer deposition industry over the forecast timespan.

Furthermore, atomic layer deposition is used for improving the film characteristics at reduced temperature. Additionally, escalating demand for miniature & complex parts will drive the market growth over the estimated timespan. Apparently, the product is also used in tin-sensitive solar cells for enhancing its efficacy. Nonetheless, huge investments required for research activities and preference for nuclear layer deposition to manufacture tiny and relatively low-cost components will hinder the market growth in the foreseeable future. Moreover, government subsidies for prompting the growth of solar power industry will nullify the negative impact of hindrances on the market over the forecast timespan.

Asia Pacific To Contribute Enormously Towards Overall Market Revenue By 2026

The growth of the market in the region over the estimated timespan is due to presence of reputed players in the region and thriving medical equipment sector in the countries of Asia Pacific. Rapid growth of semiconductor & electronics industry and solar energy sector in the countries like South Korea, China, Taiwan, and Japan will prompt the growth of the industry in Asia Pacific region over the projected timeline.

For more information about this report visit https://www.researchandmarkets.com/r/a1mb8h