September 11, 2017
WELLESLEY, Mass., Sep 11, 2017 – The global market for thick film devices increased from $56.8 billion in 2015 to $60.8 billion in 2016, and has the potential to reach $66.5 billion by the end of this year, according to an industry report by BCC Research. Energy devices account for the largest share of the market, totalling about $43.6 billion in 2017.
Thick film technology allows for thin coatings and layers (as low as 5 microns) at a low cost using equipment which is easy to maintain and operate as well as processes which can easily be adapted for mass production. Applications cover the automotive, communication, computer, medical, and public infrastructure industries. In general, the films are less than one-quarter the diameter of a strand of human hair.
Growth over the next five years is projected to be robust, the analysis states, and is due to increasing demand for solar cells, rising investment in public and private infrastructure and communication projects, and growth in printed, flexible, and stretchable devices such as sensors and displays. The total market for thick film devices is forecast to grow 10.6% annually from 2017 through 2022, reaching global revenues of nearly $110.3 billion by 2022, according to the report Thick Film Devices, Processes and Applications.
Leaders in the field include DuPont, General Motors, Samsung Electro-Mechanics, Murata Manufacturing, SunPower Corp., Taiyo Yuden, Epcos AG, and Apple, Inc.
“During the past 70 years, deposition of thick, thin and ultrathin films has been the driving force behind device miniaturization and has contributed to the rapid growth of many industry sectors including, first and foremost, electronics,” said report author and BCC Research analyst Margareth Gagliardi. "Thick films remain a popular technology for fabrication of various types of devices, primarily due to their low production costs.”
Asia-Pacific Region Leads in Market Share
The Asia-Pacific region currently is and will continue to lead the global market for thick film devices. Total market share there will be $27.2 billion in 2017 and is projected to rise to $50.4 billion by 2022, for an annual growth rate of 13.1%. Europe represents the second-largest market, with a total share of $32.1 billion by 2022 and annual growth of 6.7%, followed by the United States, with a total market of $12.7 billion by 2022 and annual growth of 8.8%. Nations outside those three regions, however, are expected to grow the fastest, with annual growth between 2017 and 2022 topping 14%, and an estimated 2022 market value of $14.9 billion. In these areas, thick film devices will primarily consist of solar cells.
Editors/reporters requesting analyst interviews should contact firstname.lastname@example.org.
Thick Film Devices, Processes and Applications( AVM046C )
Publish Date: Sep 2017
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email email@example.com or visit www.bccresearch.com/media to request access to our library of market research.