The global market for conformal coatings for electronics will increase from $6.3 billion in 2007 to an estimated $6.6 billion in 2008. It should reach $9.1 billion in 2013, a compound annual growth rate (CAGR) of 6.8%.
Conformal coating materials generated $1.4 billion in 2007 and an estimated $1.5 billion in 2008. This segment should increase to $2.3 billion in 2013, for a CAGR of 8.9%.
Equipment for conformal coating is expected to generate $5.1 billion in 2008, an increase from $4.9 billion in 2007. This segment should reach $6.9 billion in 2013, for a CAGR of 6.2%.
STUDY GOALS AND OBJECTIVES
This report studies and highlights the role of conformal coatings in providing protection to electronic products, and explains the technology, development, production, and methods of application of these coatings, covers the equipment involved, and gives a market overview, analyzing major market trends both in terms of region and application sector. In addition, the report studies in detail new developments taking place in the conformal coatings industry with respect to continuous improvements in environmental performance.
Both the market for conformal coating products and the market for the technologies involved are analyzed, including various emerging technologies and new products produced using these technologies.
The various applications of conformal coatings and their markets are also analyzed, with a special emphasis on the new products being developed. Along with the development of new products, research and development (R&D) is taking coating technologies to new heights, and these developments are examined in this report as are the new applications emerging from these new emerging technologies.
Customers are driving the increased demand for conformal coatings and relevant coating equipment, with huge expectations in diverse areas such as performance, ease of application, sustainability, quality, functionality, and environmental properties. All of the above expectations require special attention from manufacturers in order to ensure that their products meet expected standards and the market remains buoyant. This report pinpoints the need for the industry’s commitment to continuous improvement in environmental performance and takes a glimpse at a future in which the functionality of conformal coatings will be enhanced and transformed from the conventional areas of protection and aesthetics to meet additional and more specific demands.
REASONS FOR DOING THE STUDY
For any company to succeed in a competitive market, product opportunities must be identified from the viewpoint of the company’s strengths. For this, it is necessary to understand the size and growth rate of any opportunity and the competitive atmosphere in which the company exists. This report presents the ideal medium to understand the various exciting and growing opportunities in the field of various types of conformal coatings and coating equipment and will help any prospective manufacturer, distributor, or even a user to understand and succeed in this growing field.
CONTRIBUTION OF THE STUDY
This report is intended to help marketing managers identify newer market opportunities and develop targeted promotion plans for conformal coatings and equipment involved. It will also help R&D professionals stay on top of competitor initiatives and explore demand for conformal coatings and equipment and to develop new products and for newer applications. Business development executives will be better able to understand the dynamics of the market and identify possible new markets. Information and research center librarians will be better able to provide market researchers and brand and product managers with the information they need to do their jobs more effectively.
SCOPE AND FORMAT
The report has been prepared in a simple format that can be easily understood with a number of tables and charts/figures. The scope of the report includes a detailed study of global and regional markets for various types of conformal coatings and coating equipment with the reasons given for variations in the growth of the industry in certain regions.
Primary information sources for this market research include manufacturers and suppliers of conformal coatings around the world, raw material suppliers for manufacture of these products, major users of these products, research organizations, governmental agencies, trade associations, and various equipment suppliers. Additional secondary research sources include databases, trade literature, specialized journals, and government statistics. These resources have been researched while compiling this report.
The analyst is a mechanical engineer with more than 40 years experience in designing factory layouts and setting up factories. He has set up factories for production of weighing machines and dynamic balancing machines in India and has experience in designing, production, and servicing of above equipment. He was Senior Vice President of M/S Schenck Avery, Ltd., an Indo-German joint venture, and set up the electronics department for manufacturing various types of electronic weighing and dynamic balancing equipment.
Published - Jun-2006|
Analyst - Debora Bergstrom|
Code - IFT009C
The value of the worldwide conformal coatings markets was $800 million in 2005. It is projected to grow in value at an average annual growth rate (AAGR) of about 15% to reach $1.6 billion by 2010. Key markets include semiconductor/electronics, medical devices, aerospace and automotive.
Conformal coating use in the aerospace sector is the most developed segment of the industry. The aerospace sector represents about 21% of the market ($170 million). It is projected to grow at an AAGR of 8% through 2010 to $250 million.
Automotive markets, representing about 18% of the market, will show an AAGR of 20%, increasing to $360 million by 2010. This growth will be driven by increased use of electronic monitoring, sensing/controlling devices, and computer systems over the next several years
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