Thin-Film Encapsulation Market is valued at USD 25.10 Billion in 2018 and expected to reach USD 131.15 Billion by 2025 with the CAGR of 26.64 % over the forecast period. Rising consumer demand towards flexible organic electronic devices is responsible to grow Thin-Film Encapsulation market.
Thin-Film encapsulation has the potential to replace the front glass in an OLED display with a thin-film barrier. Thin film encapsulation contains alternating organic and inorganic layers which is based on multi-layer film. Thin film encapsulation is either produced using high quality inorganic layer or alternate layers. These layers act as extremely good barriers, but they are mechanically rigid and brittle. Since 20th century, several advances have been seen in thin film deposition techniques. Sensitive electrical devices need prevention against corrosion to work for last long as well as barriers provide protection for PCBs, LEDs and equipment parts against corrosion. Thin-Film Encapsulation in electronic applications have many benefits to enable flexible OLED, cost reduction by replacing glass as the substrate material resulting in a thinner and lighter display.
Thin-Film Encapsulation market is segmented on the basis of deposition technologies, application and by region. Based on deposition technologies the global thin-film encapsulation market is segmented mainly into organic layers and inorganic layers. Further, organic layers are subdivided into ink jet printing and vacuum thermal evaporation. Inorganic layers are sub segmented into PECVD, ALD and others. On the basis of application, the market is segmented into flexible OLED display, flexible OLED lighting, thin-film photovoltaic and others. Moreover, flexible OLED display is sub segmented into Smartphone, Smart Wearable and Television and Signage/Large Format Display.
The regions covered in this Thin-Film Encapsulation (TFE) market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Thin-Film Encapsulation (TFE) market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
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Key Players for Thin-Film Encapsulation (TFE) Market Reports–
Key players of the Thin-Film Encapsulation market are Samsung, Meyer Burger, LG Chem, Angstrom Engineering Applied Materials, AMS Technologies, SDI, 3M, BASF, Kateeva, Aixtron, Universal Display Corp. (UDC), Veeco Instruments, Toray Industries, and Bystronic Glass, Encapsulix, Beneq , Lotus Applied Technology, Picodeon ,Vitriflex and others.
Growing Consumer electronics is boosting the growth of Thin-Film Encapsulation (TFE) Market
The consumer electronics is continually growing and evolving industry. Increasing demand for consumer electronics in OLED display, flexible and light weight equipment is fuelling the growth of thin film encapsulation market. Many manufacturers have turned to develop advanced smart wearable devices and flexible electronics due to which OLED display is require for producing high value added devices. In order to improve the lifespan of OLED display, many manufacturers have applied different inorganic materials such as Al2O3, SiO2, and polymer or organic-inorganic hybrid composites for encapsulation techniques. However, short operation lifetime confines the device potential for industrial applications is one of the restraining factor to obstruct the growth of the market. Active matrix organic light-emitting diodes (AM OLED) will be focusing as the next-generation display since it will have great advantages like vivid full color, high brightness, low power consumption, fast response time, and suitable for flexible display technology.
Asia Pacific is expected to dominate the Thin-Film Encapsulation (TFE) Market throughout the forecast period.
Asia Pacific is largest market for Thin-Film Encapsulation and expected to lead the market throughout the forecast period due to the large availability of electronics manufacturers and advanced digitization technology. China is global leader for display technology and developing the most innovative electrical & electronics devices. Panel makers have been invested nearly about 15 billion in the OLED display industry from china, Taiwan, South Korea region. In Asia pacific region, government is taking initiative to shift the LCD technology towards OLED display by considering its capabilities for the industrial applications. Europe is the second largest market followed by North America owing to the presence of wide range of raw materials and availability of large manufacturers. Latin America and middle east Africa has the steady growth rate in near future due to lack of awareness in advanced technology.
Key Benefits for Thin-Film Encapsulation (TFE) Market Reports –
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
Thin-Film Encapsulation (TFE) Market Key Segments:
By Deposition Technology Type (Organic Layers, Ink Jet Printing, Vacuum Thermal Evaporation, Inorganic Layers, PECVD, ALD, Others), By Application Type (Flexible OLED Display, Flexible OLED Lighting, Thin-Film Photovoltaic, Others)
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