Thin Layer Deposition Market - Growth, Trends, Covid-19 Impact, And Forecasts (2021 - 2026)

By Author: Statzy Market Research
Total Articles: 979
Comment this article

- Thin-film semiconductor deposition is a next-generation technology which is achieving rapid acceptance across various industries. Range of applications of thin-film semiconductor in solar panels will create an increasing demand in thin-film semiconductor deposition manufacturing.

- The demand for thin layer deposition semiconductors has increased due to their advantages such as lightweight, higher efficiency, less space consumption, and flexibility in shape. They are widely used in various applications such as solar panels, DRAMs, microprocessors, and wearable technologies among others.

- The market is largely driven by the increasing demand for microelectronics and flexible electronics such as flexible display & batteries. Moreover, the need for miniaturization of the circuit had supplemented the growth of Thin-layer deposition market. The requirement for advanced OLED displays will further boost the demand in the coming years.

- Moreover, the surge in demand of sensors in the smartphone industry and increasing application of solar systems in household equipment, transportation facilities, and aircrafts ...
... are expected to create numerous opportunities for the growth of thin-layer deposition market in the coming years.

- However, restraints associated with the thin layer deposition market is huge initial investment required for setting up a new manufacturing facility for thin layer deposition and increasing the cost of raw materials.
For sample report please visit : https://www.statzyreports.com/report/sr497401/thin-layer-deposition-market

Key Market Trends

Increase in Demand for Microelectronics and Consumer Electronics to Fuel the Demand

- The rise in the sale of microelectronics and consumer electronics is expected to fuel the demand for semiconductor ICs, during the forecast period. The increase in demand for semiconductor ICs is projected to improve the production capacity of semiconductor device manufacturers, which, in turn, may augment the demand for the atomic layer deposition market.

- Besides, governments and industry stakeholders are keenly following the advancements in the microelectronics industry, as these technologies might potentially disrupt and boost the Internet of Things. The industry has been investing in enhancing chip performance too. For e.g. in June 2018, Applied Materials Inc. announced a breakthrough in materials engineering, which accelerated chip performance in the AI and Big Data era. The company's unique integrated materials solution combines dry clean, Atomic Layer Deposition (ALD), Physical Vapor Deposition (PVD), and Chemical Vapor Deposition (CVD) on the Endura platform, enabling the customers to quicken the adoption of cobalt.

​- Many of the manufacturing companies prefer the atomic layer deposition technique to produce smaller components with comparatively low costs with the demand for miniaturization growing every day. As device requirements push toward smaller and more spatially demanding structures, ALD has demonstrated potential advantages over alternative deposition methods, such as chemical vapor deposition (CVD) and various physical vapor deposition (PVD) techniques, due to its conformality and control over materials thickness and composition. This broad adoption of ALD,CVD, PVD is expected to fuel the growth of the market studied.

Asia- Pacific Region to Dominate the Market

- Asia-Pacific accounted for the most significant market share in the thin layer deposition market. The growth of the regional market can be attributed to the progression of electronics and semiconductor industries, mainly in China. The deep-rooted electronics manufacturing bases in China, South Korea, and Taiwan led to an increased demand for deposition technologies.

- The rise in industrialization and increase in the number of end-user industries in developing economies, such as China and India, have offered numerous untapped opportunities. Moreover, China, Indonesia, Japan, South Korea, and Taiwan have led the thin layer deposition growth, due to increasing solar panel manufacturing and installations. For instance, on May 31, 2018, the Chinese government announced subsidy reductions for photovoltaic power generation, widely known as the 531 Policy.

- Moreover, the rising demand for electronic components in the automotive industry is anticipated to increase the demand for semiconductors, in the region. This, in turn, directly impacts the growth of the market studied, in a positive manner.

Competitive Landscape

The thin layer deposition market is a highly competitive market and is currently dominated by a few players from Asia-Pacific, followed by those in North America and Europe, with their technological expertise in deposition technology. The global market is expected to be consolidated in nature, and the major players with a prominent share in the market are focusing on expanding their customer base across foreign countries by leveraging on strategic collaborative initiatives to increase their market share and their profitability.

- July 2019 - Applied Materials, Inc. announced a definitive agreement under which Applied will acquire all outstanding shares of Kokusai Electric Corporation for USD 2.2 billion in cash from global investment firm KKR.

- March 2019 - INORCOAT, provider of large PVD coating systems for heavy and big substrates developed a system of moving magnetrons. This development has brought in ease to handle parts and to support the process of PVD to achieve required efficacy and productivity for its potential customer and existing client.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support.

For sample report please visit : https://www.statzyreports.com/report/sr497401/thin-layer-deposition-market

Contact Us:
Poojan Dogra
Public Relations Manager
Email : sales@statzyreports.com
Email : info@statzyreports.com
(IN) - +918484035727
(US) - +1415-871-0483
Website : www.statzyreports.com

StatzyReports is the premier global market research and business reports company based in India. StatzyReports.com functions under Statzy Market Research. We offer our expertise globally in services related to market research, business strategy consulting, surveys or questionnaire, forecast and statistical data analysis. Our experience working with major business and customer driven companies enabled us to develop some of the best winning strategies for succeeding in various global markets. Our globally renowned experts mastered the art of perfection with their unique skillset and vast experience in research and data analytics.