Introduction
Governments all around the world are investing in and promoting the use of electric cars due to growing worries about global warming and environmental degradation. As a result, the market for lithium-ion batteries is expanding due to its potential as an energy source for automobiles. The use of atomic layer deposition in lithium-ion battery manufacturing is having a favourable impact on the market’s expansion.
Definition
The technique of depositing precursor materials on substrates to enhance or change qualities including chemical resistance, strength, and conductivity is known as atomic layer deposition (ALD). In atomic layer deposition, the procedure is regarded as a subset of chemical vapour deposition (CVD). Typically, two chemicals—often referred to as precursors—are used in the process.
Growth Factors
- The increasing use of atomic layer deposition in the production of innovative and cutting-edge designed chips is what is driving the increase in demand for atomic layer deposition. One of the greatest processes for producing thin films is atomic layer deposition. A key technique in the creation of semiconductor devices is atomic layer deposition.
- The exponential usage of tiny or miniature equipment and gadgets is another factor propelling the global market for atomic layer deposition. The global demand for tiny and portable gadgets has risen significantly in recent years as a result of the development of several smart and energy-efficient technologies. The production and use of atomic layer deposition have been considerably stimulated by the exponential rise of small electronic devices.
- The worldwide expansion of the semiconductor and electronics industries has a significant impact on the atomic layer deposition business. The global atomic layer deposition market is expanding favourably because of the rising demand for small electronics from the automobile industry.
- The worldwide automotive industry’s atomic layer deposition market is anticipated to increase as a result of the rising acceptance and demand for recently launched electric automobiles. Additionally, the industry is expanding because of the expanding uses of atomic layer deposition in solar devices. The construction of solar infrastructure is receiving increased funding from countries with high energy expenditures, such as India and Japan, which will increase demand for the atomic layer deposition method.
- A lot of businesses employ atomic layer deposition to make small components more affordable. This fuels the global market for atomic layer deposition.
Market Size of Atomic Layer Deposition Market
- The rising need for semiconductor industries is anticipated to propel the worldwide atomic layer deposition market. The need for ALD rises as semiconductor demand rises since semiconductors are the primary component or application of ALD. Concerns concerning energy harvesting are being raised by several additional elements anticipated to fuel industry growth due to the rapid expansion of photovoltaic (PV) cells.
- The key factor projected to restrain market expansion is the high initial investment cost associated with making ALD.
- According to Data Bridge Market Research’s analysis, from 2022 to 2029, the global market for atomic layer deposition would expand at a CAGR of 14.7%.
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