Chan Ye Xin Xi Wang·2025-11-14 01:09Core Insights - The thin film deposition equipment is a critical device in micro-nano manufacturing and precision processing, widely used in strategic emerging industries such as semiconductors, photovoltaics, and display panels [1][2] - China has become the largest market for semiconductor equipment globally for five consecutive years, with sales expected to reach $49.55 billion in 2024, accounting for 42% of the global total [1][6] - The global thin film deposition equipment market is projected to reach $23.186 billion in 2024, representing 22% of the wafer manufacturing equipment market [1][6] - The Chinese market for thin film deposition equipment is expected to grow to approximately 77.31 billion yuan in 2024, a year-on-year increase of 38.75% [1][7] - The industry is expected to accelerate the research and application of advanced processes such as ALD, promote collaboration across the entire supply chain, and expand applications into photovoltaics and new displays [1][7] Industry Overview - Thin film deposition equipment is essential for depositing functional films on substrate materials through physical or chemical methods, impacting surface properties and widely applied in various fields [2][5] - The main types of thin film deposition technologies include Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD), and Atomic Layer Deposition (ALD), each with distinct advantages [3][4] Market Dynamics - The global semiconductor equipment market is expected to reach $117.1 billion in 2024, with a 10% year-on-year growth, driven by the demand for advanced processes and packaging [5][6] - The Chinese semiconductor equipment market is projected to grow by 35% year-on-year, reaching $49.55 billion in 2024, solidifying its position as the largest market globally [5][6] Competitive Landscape - The competitive structure of the thin film deposition equipment industry in China is tiered, with international giants dominating high-end markets, while domestic leaders focus on replacing imports and niche markets [8][9] - Key domestic players include North Huachuang, Tuojing Technology, and Zhongwei Company, which are making significant strides in various segments of the market [8][9] Company Performance - Major companies in the thin film deposition equipment sector are experiencing strong revenue growth, with Tuojing Technology leading with over 54% growth, while North Huachuang maintains a stable profit margin of around 42% [9][10] - The overall domestic market still has a low localization rate of under 25%, but companies are progressively building a more robust domestic ecosystem [8][9] Future Trends - The industry is expected to focus on technological advancements, ecological improvements, and expanding application scenarios, particularly in semiconductor manufacturing and emerging high-end manufacturing fields [10][11][12] - The shift towards a comprehensive ecosystem involving equipment, materials, and components is anticipated, supported by government policies and market demands [11][12]