Global Deposition Equipment Market Report to 2027: Rising Silicon Wafer Demand and Escalating Use of Advanced Medical Equipment Drives Growth
DUBLIN, Jan. 3, 2023 /PRNewswire/ -- The "Global Deposition Equipment Market: Analysis By Type; By Application; By Region Size, and Trends with Impact of COVID-19 and Forecast up to 2027" report has been added to ResearchAndMarkets.com's offering.
In 2021, the global deposition equipment market was valued at US$19.98 billion and is anticipated to grow to US$43.14 billion by 2027. Deposition is the process of depositing a layer of material on a surface. Deposition of thin films involves several processes, including atom adsorption, atom diffusion on the wafer surface, and coalescence at strategic locations.
Deposition is an important manufacturing step in the fabrication of various opto-electronic, solid-state, and medical equipment and products, including consumer electronics, semiconductor lasers, fibre lasers, LED displays, optical filters, compound semiconductors, etc.
Some of the major reasons why companies are using deposition equipment are the growth in consumer electronics industry, rise in automotive industry, escalating use of advanced medical equipment, increasing demand for environmentally friendly coating processes, rising silicon wafer demand, etc. The deposition equipment market is expected to grow at a CAGR of 13.85% over the forecast period of 2022-2027.
Global Deposition Equipment Market Dynamics:
Impact Analysis of COVID-19 and Way Forward:
The outbreak of COVID-19 brought in a mixed impact on the overall depositon equipment market, which were majorly positive in nature. Early during the outbreak, several firms had to suspend production completely and this, along with global travel restrictions, meant that there were some severe supply concerns.
As economic activity improved, the market for semiconductors recovered swiftly, as corporations began to renew their investments in cloud infrastructure and as artificial intelligence and linked gadgets become increasingly ubiquitous in the society. The sudden increase in demand for semiconductor sector during the second half of 2020 and start of 2021 increased demand for deposition equipment.
The global deposition equipment market is highly consolidated. The PVD equipment market is almost a monopoly controlled by Applied Materials. The ALD equipment market is led by Tokyo Electron and ASM International. The key players of the global deposition equipment market are
Some of the strategies among key players in the market for deposition equipment are product launches, mergers, acquisitions, and collaborations.
For instance, in July 2022, ASM International launched TENZATM ALD, an innovative single wafer atomic layer deposition (ALD) process technology for 300mm wafers. TENZATM ALD is optimized for gap-fill applications and provides the best film quality, conformal coverage through the full trench and highest productivity in its class.
Whereas, in September 2022, Aixtron SE launched the company's new G10-SiC 200 mm system for high volume manufacturing of latest generation Silicon Carbide ("SiC") power devices on 150/200 mm SiC wafers.
Key Topics Covered:
1. Executive Summary
For more information about this report visit https://www.researchandmarkets.com/r/u8swiw
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