Thin Layer Deposition Equipment Market Size, Share, Opportunities, And Trends By Deposition Type (Physical Vapour Deposition, Chemical Vapour Deposition, Atomic Layer Deposition), By Application (Semiconductors, Consumer Electronics, Medical Devices, Others), And By Geography - Forecasts From 2023 To 2028

The thin layer deposition equipment market refers to the global market for tools and equipment used in the process of depositing thin films on a substrate material. Thin layer deposition is an essential process in various industries, including electronics, aerospace, automotive, energy, and medical devices. The process involves depositing a thin layer of material, typically a few nanometers to a few micrometers thick, onto a substrate material to enhance its properties or to add new functionalities. Thin layer deposition equipment is used in a wide range of applications, including semiconductors, solar cells, magnetic storage devices, and advanced coatings. The equipment typically includes a vacuum chamber, deposition sources, substrate holders, and control systems. The market for thin layer deposition equipment is driven by increasing demand for high-performance electronic devices, growing adoption of renewable energy sources, and rising demand for advanced coatings in various industries.

The thin layer deposition equipment market is highly competitive, with several established players offering a wide range of products and services. These players are investing heavily in research and development to develop advanced and innovative equipment that can meet the growing demand for thin layer deposition applications. The market is also witnessing increasing consolidation, with several mergers and acquisitions taking place to expand the product portfolio and geographic presence of the market players.

The thin layer deposition equipment market is driven by increasing demand for high-performance electronic devices, growing adoption of renewable energy sources and rising demand for advanced coatings in various industries.

• Increasing demand for high-performance electronic devices- The demand for high-performance electronic devices, such as smartphones, laptops, and tablets, is growing rapidly. Thin layer deposition is a critical process in the manufacturing of these devices, as it enables the creation of thin films with specific electrical, magnetic, and optical properties. As a result, the demand for thin layer deposition equipment is increasing to meet the growing demand for these devices.
• Growing adoption of renewable energy sources- Thin layer deposition is also an essential process in the manufacturing of solar cells, which are used to generate renewable energy. The demand for renewable energy sources is growing rapidly, driven by increasing concerns over climate change and the need to reduce greenhouse gas emissions. As a result, the demand for thin layer deposition equipment used in the manufacturing of solar cells is also increasing. According to the U.S. Energy Information Administration (EIA), renewable energy sources accounted for 12.2% of total U.S. electricity generation in 2020, up from 11% in 2019. This growth is expected to drive the demand for thin layer deposition equipment used in the manufacturing of solar cells.
• Rising demand for advanced coatings in various industries- Thin layer deposition is used in the production of advanced coatings that provide superior properties, such as wear resistance, corrosion resistance, and thermal stability. These coatings are used in a wide range of industries, including aerospace, automotive, medical devices, and energy. The demand for advanced coatings is growing, driven by the need to improve the performance and durability of various products. According to the U.S. Bureau of Labor Statistics (BLS), the employment of materials engineers, who are responsible for developing and testing new materials and advanced coatings, is expected to grow by 3% from 2020 to 2030. This growth is expected to drive the demand for thin layer deposition equipment used in the production of advanced coatings.

Key developments.

• In February 2021, the German Federal Ministry of Education and Research approved a three-year research project called the Cluster4Future project to develop innovative materials for microelectronics, photonics, and quantum technologies, with a focus on reducing manufacturing costs while improving the performance and functionality of advanced materials like GaN and InP. AIXTRON SE supplied advanced deposition equipment using its proprietary CCS technology to deposit GaN and InP thin films on various substrates. The project partners aimed to strengthen Germany's position in the advanced materials and deposition equipment industry, benefiting the thin layer deposition market. With a total budget of €25 million, of which €12 million was funded by the BMBF, the project was expected to be operational for three years since its commencement and contribute to the development of new technologies like quantum computing and sensing, which have growing demand for thin layer deposition equipment.

Based on application, the thin layer deposition equipment market is expected to witness positive growth in semiconductors segment.

The thin layer deposition equipment market for semiconductors application is expected to witness significant growth in the coming years. Thin layer deposition is a crucial process in the semiconductor manufacturing industry, used to deposit ultra-thin layers of materials onto a substrate to create high-performance electronic components.

North America accounted for a significant share of the global thin layer deposition equipment market.

Based on geography, the thin layer deposition equipment market is segmented into North America, South America, Europe, the Middle East and Africa and Asia Pacific.

North America is expected to hold a major share of the thin layer deposition equipment market due to several factors. The region is home to key market players such as Applied Materials Inc., Lam Research Corporation, and ASM International, which are continuously investing in research and development activities to innovate and improve their product offerings. North America has a well-established semiconductor industry that demands advanced and high-performance equipment for the fabrication of electronic devices. In Canada, the semiconductor industry is a significant contributor to the country's economy, with the industry's exports accounting for 2.2% of the country's total merchandise exports, as reported by Innovation, Science and Economic Development Canada.

Key Market Segments

• By Deposition Type

• Physical vapour Deposition
• Chemical Vapour Deposition
• Atomic Layer Deposition

• By Application

• Semiconductors
• Consumer Electronics
• Medical Devices
• Others

• By Geography

• North America

• USA
• Canada
• Mexico

• South Amercia

• Brazil
• Argentina
• Others

• Europe

• UK
• Germany
• France
• Italy
• Spain
• Others

• Middle East and Africa

• Saudi Arabia
• UAE
• Others

• Asia Pacifc

• China
• Japan
• India
• South Korea
• Taiwan
• Others