Global Thin Film Market will trigger by huge demand of Consumer Electronics
Published Date | 2019 June 25
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.
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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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