North America Atomic Layer Deposition Market Size

Statistics for the 2023 & 2024 North America Atomic Layer Deposition market size, created by Mordor Intelligence™ Industry Reports. North America Atomic Layer Deposition size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of North America Atomic Layer Deposition Industry

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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

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*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 Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)