DUBLIN–(BUSINESS WIRE)–The “Global Thin-Film Encapsulation (TFE) Market by Application (OLED Display, OLED Lighting, and Thin-Film Photovoltaic), Deposition Type (Inorganic Layers (PECVD, ALD) and Organic Layers (Inkjet Printing and VTE), Vertical and Region – Forecast to 2027” report has been added to ResearchAndMarkets.com’s providing.
The thin-film encapsulation (TFE) market is estimated to develop from USD 92 million in 2022 to succeed in USD 223 million by 2027; it’s anticipated to develop at a CAGR of 19.4% from 2022 to 2027. The development of the thin-film encapsulation (TFE) market could be attributed to rising use of thin-film limitations in versatile and natural digital gadgets and rising pattern of TFE utilizing inkjet printing know-how.
The versatile OLED show thin-film encapsulation (TFE) marketplace for car shows is anticipated to develop on the highest CAGR from 2022 to 2027
OLED shows are step by step rising as essentially the most most popular show know-how amongst car corporations comparable to General Motors, Audi, Toyota, Volkswagen, and Mercedes-Benz. With stabilized ASP and enchancment within the reliability of OLED know-how, the adoption of OLED shows within the automotive trade is more likely to improve within the coming years. In November 2021, Continental earned its first main order for OLED shows in a manufacturing car from a world car producer, with a complete order worth of round USD 1 billion. The multi-display stretches from the driving force’s space to the middle console and integrates two screens, that are optically bonded behind a curved glass floor.
Thin-film encapsulation (TFE) marketplace for client electronics vertical is anticipated to carry the biggest share throughout the forecast interval
The client electronics phase is anticipated to proceed to account for the biggest dimension of the TFE market throughout the forecast interval. The client electronics vertical contains merchandise comparable to smartphones, tv units, sensible wearables, PC displays and laptops, and tablets – all of which have important shares within the world TFE market. The development of OLED shows within the client vertical is anticipated to drive the TFE market development.
The thin-film encapsulation (TFE) market in Europe is anticipated to develop on the second highest CAGR throughout forecast interval
Europe is a vital area because of the presence of assorted builders and producers of versatile OLED lighting panels, versatile solar cells, versatile batteries, and architectural supplies throughout completely different European nations. The substantial development of the automotive and manufacturing industries within the area is without doubt one of the key drivers for the expansion of the TFE market in Europe. The rising demand for OLEDs by the automotive and promoting markets will contribute considerably to the expansion of the TFE market within the area.
Market Dynamics
Drivers
- Growing Use of Thin-Film Barriers in Flexible and Organic Electronic Devices
- Rising Trend of TFE Using Inkjet Printing Technology
- Integration of Flexible Oled Displays into Smartphones and Smart Wearables
- Rising Investments in Building New Facilities to Manufacture Oled Panels
- Increased Application of Oled Displays in Ar/Vr Headsets
Restraints
- High Capital Expenditure Associated with Tfe
Opportunities
- Rising Demand for Highly Efficient Thin Solar Cells
- Increasing Applications of Smart Mirrors in Smart Homes
Challenges
- Complex Value Chain Structure
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 TFE Market, by Deposition Type
7 TFE Market, by Application
8 TFE Market, by Vertical
9 TFE Market, by Region
10 Competitive Landscape
11 Company Profiles
12 Appendix
Companies Mentioned
- 3M
- Tesa
- Coat-X
- Beneq
- Basf
- Mbraun
- Toppan Inc.
- Kateeva
- Lotus Applied Technology
- Holst Centre
- Ams Technologies
- Applied Materials, Inc.
- Snu Precision
- Saes Getters Spa
- Samsung Sdi Co., Ltd.
- Ergis Group
- Toray Industries, Inc.
- Veeco Instruments Inc.
- Borealis Ag
- Lg Chem Ltd.
- Angstrom Engineering
- Ajinomoto Fine-Techno Co., Inc.
- Universal Display Corp.
- Kyoritsu Chemical & Corporation Limited
- Encapsulix
For extra details about this report go to https://www.researchandmarkets.com/r/b5u16l
