Global Thin Film Market will trigger by huge demand of Consumer Electronics
Published | 25 June 2019
According to BlueWeave Consulting, The Global Thin-Film Market is
expected to grow with a significant rate during the forecast period 2019-2025,
due to rising demand for solar PV cells. Advancements in semiconductor
packaging and rising installations of solar panels will foster the global thin
film Market in the forecast period. Moreover, the major factor driving the
market is the rise in the aerospace and defense industry for improving efficiency,
speed, power and reduced weight of miniaturized electronics. Additionally,
upsurge in applications of the thin film in microelectromechanical systems
(MEMS), photovoltaic (PV) solar cells, electrical and optical coating &
semiconductor will accelerate the growth of thin film market.
Furthermore, the
growing use of thin film for high-frequency applications and are also used
wherever precision resistors are required, is thereby expected to drive market
growth over the forecast period. Additionally, augmentation in applications of
thin film technology to manufacture sensors, plastic film capacitors, packaging
films, night vision camera is anticipated to fuel the thin film market growth
in the near future. Advantages associated with thin film material such as
flexibility and ability to function under low light are expected to provide a
substantial growth opportunity in the near future.
Chemical Vapor
Deposition Technology of thin film Market is projected to be the leading
segment of the overall market during the forecast period
On the basis of Deposition Technology, the global
thin film market has been categorized into Physical Vapor Deposition and
Chemical Vapor Deposition. Chemical Vapor Deposition segment dominates the
global thin film Market owing to its applications in microelectronic
components, electronic devices, and its expanding usage in sensors for
smartphones. Physical Vapor Deposition is driven by its applications in aluminized
PET film for food packaging and balloons, semiconductor devices such as
thin-film solar panels, and titanium nitride coated cutting tools for
metalworking.
Thin Film Electronics
is projected to lead the industry for utilizing applications of the thin film
during the forecast period
On the basis of End-User Industry, the global
thin film market has been segmented into Thin Film Electronics, Thin Film
Batteries, and Thin Film PV. By the end-User industry, Thin Film Electronics will
lead the market due to the increasing demand for PCs, smartphones, OLED
displays, personal computers, electronic gadgets, and home appliances. Thin
Film Batteries is driven by the upsurge in its demand in electronics gadgets
and emerging electric vehicles.
The Asia Pacific
accounts for the lion’s share of the global thin-film market during the
anticipated period.
On the basis of region, the thin film market has
been segmented into North America, Europe, Asia Pacific, Middle East &
Africa, and Latin America. The Asia
Pacific dominates the global thin-film market over the forecast period due to
presence of largest electronic equipment producers & consumers and heavy
investment by the countries in solar power. North America will influence by high
demand of the product in the coatings industry.
Global Thin film Market
Competitive Landscape
Companies such as China National Building Material Company Ltd., Umicore Group, Ascent
Solar Technologies, American Elements, Kaneka Corporation, Anwell Solar,
Avancis GmbH & Co., First Solar, Cicor Group, Hanergy, Masdar PV, Kaneka,
Solar Frontier, Suntech Power Co. Ltd and Moser Baer India Pvt. Ltd. are the key
players in the Global Thin-film market.
Don’t miss the business
opportunity of thin film Market. Consult our analyst and gain crucial insights
and facilitate your business growth.
The in-depth analysis of the report
provides the growth potential, upcoming trends and statistics of Global Thin
film Market size & forecast. The report promises to provide
state-of-the-art technology of thin film production and industry insights which
help decision makers to take sound strategic decisions. Furthermore, the report
also analyzes the market drivers and challenges and competitive analysis of the
market.
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