North America Atomic Layer Deposition Market Projected to Deliver Greater Revenues during the Forecast Period 2022-2031

The North American atomic layer deposition market is expected to register a CAGR of 5%, over the forecast period . 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.

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Key Market Trends

Semiconductor and Electronics Segment are Expected to Hold the Largest Market Share in the Forecast Period

– The market is expected to be driven due to the increasing electronics industry and semiconductor solutions in North America. The surging number of solar energy projects and data centers across the United States and Canada, to meet the demand for renewable and clean sources of energy, is driving the production of Li-ion battery and solar systems.
– Explosive growth in cloud computing has created a strong demand for data centers in the United States. Northern Virginia, the world’s largest data center market by a large margin, planned nearly 15-meter sq. ft space for construction, according to the CBRE Q1 2019 report.
– Climate change is shaping data center legislation, and technology and players are entering in partnership with energy providers in developing more energy-efficient power generating systems. For instance, in January 2020, NV Energy, the country’s largest public utility, partnered with Google to power its upcoming USD 600 million data center in Henderson. The agreement involves roughly 350 MW of solar photovoltaics or PV, and between 250 MW and 280 MW of battery storage at one or more hybrid projects.
– Reduction of the solar investment tax credit and price of PV system, along with the increasing competitiveness of battery storage, is driving the renewable energy sources in the United States. By the end of September 2019, the United States deployed over 2 million solar PV systems, totaling about 71,300 MW of solar capacity and generating over 100 TWh of electricity.

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