Thin Film Semiconductor Deposition Market to Reach $22 Billion, Globally, by 2022
According to a new report published by Allied Market Research, titled, Thin Film Semiconductor Deposition Market- Global Opportunity Analysis and Industry Forecast, 2014 - 2022", the global thin film semiconductor deposition market is expected to garner $22 billion by 2022, growing at a CAGR of 14% from 2016 to 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%. 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.
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