The market for ALD equipment is expected to be valued USD 3.9 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.0% to reach USD 6.2 billion by 2028. Increasingly, more than Moore devices are being implemented, and the quantity of 3D NAND SSDs available is one of the main factors propelling the worldwide ALD equipment market.

During the projected period, the ALD equipment market will have the greatest CAGR for plasma enhanced ALD (PEALD) equipment.

PEALD offers additional benefits like pre- and post-deposition in-situ treatment capabilities in addition to the advantages of traditional ALD procedures. The main applications for it are in semiconductors, such as MOSFETs, capacitors, CMOS architectures, and other semiconductor devices. As such, it offers clear benefits over conventional ALD deposition techniques. These benefits are important elements that support PEALD's growing market.

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Throughout the projected period, the More Moore application held the biggest market size in the ALD equipment market.

The market for ALD equipment is driven by the growing number of different logic and memory devices, which leads to more Moore applications. The necessity for 3D NAND flash memory technology has increased significantly in recent years in order to meet the growing need for storage speed without having to reduce chip size. As a result, the market is developing due to the increasing use of 3D NAND flash memory technology.

In terms of market share for ALD equipment in 2022, Asia Pacific led.

Throughout the projected period, Asia Pacific is anticipated to lead the ALD equipment market. The main factors propelling the market growth in Asia Pacific are the existence of well-established semiconductor manufacturing companies like Tokyo Electron Limited (Japan), OPTORUN Co., Ltd. (Japan), and SHOWA SHINKU Co., Ltd. (Japan), as well as government-led initiatives for increasing the adoption of more than Moore devices.

Key market players

The major players in the ALD equipment companies include ASM International N.V. (Netherlands), Tokyo Electron Limited. (Japan), Applied Materials, Inc. (US), LAM RESEARCH CORPORATION. (US), and Veeco Instruments Inc. (US). These companies have used both organic and inorganic growth strategies such as product launches, agreements, collaborations, acquisitions, partnerships and expansions to strengthen their position in the market.