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Explore the opportunities and industry forecast for the Thin Film Semiconductor Deposition Market with a focus on market trends and technologies. Discover the key drivers, industry verticals, and regional insights shaping the market growth.
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Thin Film Semiconductor Deposition Market Global Opportunity Analysis and Industry Forecast, 2014 - 2022 No of Pages: 117 Published date: Aug - 2016
Introductionto Thin Film Semiconductor Deposition Market • Thin Film Semiconductor Deposition Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $22 billion by 2022, registering a CAGR of 14% during the forecast period 2016 - 2022. • Thin films are extensively used in applications such as DRAM, solar panels, and flexible OLED & AMOLED displays. Moreover, increase in demand for efficiency and circuit miniaturization has supplemented the growth of TFS deposition market. • Thin film deposition technology is bifurcated into three types that include, chemical vapor deposition (CVD), physical vapor deposition (PVD), and others. • Among all, CVD technology holds a significant revenue share in the world TFS deposition market, owing to its low manufacturing cost, comparatively easier manufacturing process, and extensive use in fastest growing photovoltaic technology. • In addition, CVD technology is expected to witness the fastest growth during the forecast period, with a CAGR of 14.7%.
Introduction to Thin Film Semiconductor Deposition Market • The growth would be driven by increase in demand of microelectronic components, electronic devices, and its expanding usage in sensors for smartphones which are growing rapidly across the globe. • Among all industry verticals, electronics accounted the largest market share in overall TFS deposition market. • This is mainly due to increase in demand of thin film semiconductors in PCs, smartphones, and OLED displays. • Moreover, increase in demand for personal computers, electronic gadgets, and home appliances has supplemented the growth of TFS in electronics industry. • However, energy & power, is anticipated to witness the highest growth rate among others owing to increase in investment by various countries and replacement of conventional silicon by thin film semiconductors on the panels. • Asia-Pacific is the largest revenue-generating region in this market owing to the presence of largest electronic equipment producers and consumers in the region followed by North America and Europe.
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