NEW
YORK, July 18, 2024 /PRNewswire/ -- The
global thin film material market size is estimated to
grow by USD 2.84 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 4.33% during the forecast period.
Increasing demand for consumer electronics is driving market
growth, with a trend towards increased production
efficiency. However, cost competitiveness poses a
challenge. Key market players include Ascent Solar Technologies
Inc., AVANCIS GmbH, Cicor, Delta Optical Thin film AS, Hanergy Thin
Film Power EME BV, Johanson Technology Inc., Kaneka
Corp., Laird Performance Materials, Masdar, Moser Baer, Murata Manufacturing Co. Ltd.,
Samsung SDI Co. Ltd., Solar Frontier Europe GmbH, TDK Corp., Token
Electronics Industry Co. Ltd., Trony Solar Holdings Co. Ltd.,
Viking Tech Corp., Vishay Intertechnology Inc., Wurth Elektronik
GmbH and Co. KG, and Wuxi Suntech Power Co. Ltd..
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Thin Film Material
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Decelerate at a CAGR of
4.33%
|
Market growth
2024-2028
|
USD 2842.6
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.08
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 35%
|
Key
countries
|
China, US, Germany,
Japan, and UK
|
Key companies
profiled
|
Ascent Solar
Technologies Inc., AVANCIS GmbH, Cicor, Delta Optical Thin film AS,
Hanergy Thin Film Power EME BV, Johanson Technology Inc.,
Kaneka Corp., Laird Performance Materials, Masdar, Moser Baer,
Murata Manufacturing Co. Ltd., Samsung SDI Co. Ltd., Solar Frontier
Europe GmbH, TDK Corp., Token Electronics Industry Co. Ltd., Trony
Solar Holdings Co. Ltd., Viking Tech Corp., Vishay Intertechnology
Inc., Wurth Elektronik GmbH and Co. KG, and Wuxi Suntech Power Co.
Ltd.
|
Market Driver
The thin film material industry is focused on enhancing
production efficiency to stay competitive and cater to the
escalating demand for thin film materials. Automation through
robotic systems is a significant approach to boost production
consistency and reduce costs. Process optimization using advanced
deposition technologies like molecular beam epitaxy (MBE) and
atomic layer deposition (ALD) improves efficiency and scalability.
Material optimization involves developing new, cost-effective thin
film materials and optimizing existing ones for better production
efficiency. Equipment improvement, including deposition and
post-deposition processing systems, is crucial for streamlined
production and cost reduction. Thus, the thin film material market
thrives on the continuous pursuit of production efficiency
enhancements and cost reductions.
The thin film material market is experiencing significant
growth, particularly in the renewable energy sector. Optical
coatings for PV solar cells are in high demand due to their role in
increasing the conversion efficiency rate of photovoltaic cells.
Nanotechnology plays a crucial part in this trend, with
nanocomposite materials and magnetron sputtering used to create
thin films with improved oxidation resistance, low thermal
conductivity, and high adherence properties. Raw materials and
manufacturing operations are undergoing transformations, with a
shift towards sustainable practices and the use of nanotechnology.
Single crystal systems are being replaced by monocrystalline,
polycrystalline, and amorphous silicon in the production of PV
solar cells. The market for thin film coatings is expanding beyond
the solar industry, with applications in 5G mobile communications,
semiconductors, and various industries such as steel, automotive,
and electronics. Thin films offer benefits like decreased weight,
improved lifespan, and enhanced film density and morphology.
Environmental sustainability is a key driver, with a focus on
reducing greenhouse gas emissions and minimizing waste. Thin films
are also being used to enhance the performance and durability of
various products, including machine equipment, motors, sensors, and
image sensors, through properties like corrosion resistance,
scratch resistance, and fingerprint resistance. The thin film
material market is expected to continue growing, driven by the
increasing demand for renewable energy and the need for efficient,
sustainable technologies in various industries. Additionally,
advancements in AI and automation systems are expected to
streamline manufacturing processes and improve overall
efficiency.
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Market Challenges
• The thin film
material market faces intense competition from traditional
materials, making cost competitiveness a significant challenge. To
remain competitive, the industry must continuously reduce costs and
enhance material properties. Three primary strategies can improve
the cost competitiveness of thin film materials: process
optimization, material innovation, and increased production
efficiency. Process optimization involves enhancing thin film
material production processes through the adoption of advanced
deposition technologies like molecular beam epitaxy (MBE) and
atomic layer deposition (ALD). These methods improve efficiency and
scalability, resulting in lower costs and superior material
properties. Material innovation is another crucial strategy.
Developing new thin film materials with improved properties and
reduced costs is essential for the industry's growth. For instance,
the emergence of perovskites as a promising alternative for solar
cells could lead to cost-effective, high-performing solar cells.
Lastly, increasing production efficiency is vital for reducing
costs. Implementing automation and optimizing processes can lead to
higher material yield and lower production costs, making thin film
materials more competitive in the market. In summary, the cost
competitiveness of thin film materials is a significant challenge
for the industry, but it also presents opportunities for innovation
and growth. By focusing on process optimization, material
innovation, and increased production efficiency, the thin film
material industry can remain competitive and thrive in the
future.
• The Thin Film
Material Market is experiencing significant growth due to the
increasing demand for improved lifespan, density, strength, and
efficiency in various industries. In the renewable energy sector,
thin film technologies are crucial for enhancing conversion
efficiency rates and reducing greenhouse gas emissions. Thin film
coatings are essential for 5G mobile communications,
semiconductors, and automation systems in the steel industry,
machine equipment, motors, sensors, motion detectors, and image
sensors. Challenges in the market include ensuring corrosion
resistance, scratch resistance, and fingerprint resistance. Thin
film materials like Titanium dioxide, PVC substrates, and PVDF thin
films are popular choices due to their environmental
sustainability. The market is expanding in off-grid areas, with a
focus on creating a green environment for the global population.
Thin film materials are also essential for smart workplaces, smart
TVs, smart air conditioners, and smart homes. Thin film
technologies are also vital in the production of monocrystalline,
polycrystalline, and amorphous silicon for computer chips and
optical coating. The market for thin film materials is expected to
grow further in the coming years, with a particular focus on
nanometers and micrometers in substrate materials for PV technology
and Cadmium telluride.
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challenges - Request a sample report!
Segment Overview
This thin film material market report extensively covers market
segmentation by
- Type
- 1.1 Physical vapor deposition
- 1.2 Chemical vapor deposition
- Application
- 2.1 Photovoltaic solar cell
- 2.2 MEMS
- 2.3 Semiconductor and electrical
- 2.4 Optical coating
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Physical vapor deposition- Thin film
deposition via Physical Vapor Deposition (PVD) is a process where
materials are vaporized in a vacuum environment and deposited onto
a substrate to form thin films. PVD utilizes physical means to
transfer material from a source to a substrate, resulting in
uniform, thin films. Applications include coatings for cutting
tools, optics, decorative coatings, and electronic devices.
Advancements in PVD technology include the development of advanced
coatings with enhanced properties like high hardness, wear
resistance, and low friction. Automation through robotics, advanced
control systems, and process monitoring is increasing.
High-throughput systems cater to industry demands. Environmentally
friendly processes using non-toxic materials, reduced energy
consumption, and minimal waste are being adopted. Multi-layer
coatings with specific properties for various applications are
trending. Large-area coatings via PVD systems are also gaining
popularity. Cost reduction through efficient processes and advanced
materials integration is a key focus. These factors will fuel the
growth of the PVD market during the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global film capacitor market is experiencing steady growth,
driven by increased demand in automotive and consumer electronics
sectors. Major players include TDK, Murata, and KEMET. The global
stretch and shrink film market is expanding due to rising
applications in packaging, logistics, and food industries, with
companies like Berry Global and Amcor leading the way. The global
thin-film batteries market is surging, fueled by advancements in
IoT and wearable devices. Key players such as Samsung SDI,
STMicroelectronics, and Blue Spark Technologies are at the
forefront of this innovation.
Research Analysis
The Thin Film Material market encompasses a diverse range of
materials used in various industries, including optics and
photovoltaics. In optics, thin films are utilized for optical
coatings that enhance reflection, transmission, and absorption
properties. In photovoltaics, thin films are integral to the
production of PV solar cells, where they facilitate electrical
conduction. These films can be based on a single crystal system or
nanocomposite materials. Raw materials for thin films include
Titanium dioxide, PVC substrates, and various metals. Manufacturing
operations involve deposition techniques such as sputtering,
chemical vapor deposition, and electroplating. Market demand is
driven by advancements in PV technology and the need for efficient,
cost-effective energy solutions. Nanotechnology plays a significant
role in the development of new thin film materials, with nanometers
and micrometers being key dimensions. Substrate materials, such as
glass or PVDF films, also influence the properties of the final
thin film product.
Market Research Overview
Thin film materials are essential components in various
industries, including optics, renewable energy, electronics, and
manufacturing. These materials are applied as thin coatings on
substrate materials, such as glass, metal, or polymers, using
techniques like magnetron sputtering and chemical vapor deposition.
In the optics sector, thin films are used for optical coatings to
enhance properties like oxidation resistance, low thermal
conductivity, high adherence, and improved lifespan. In the
renewable energy sector, thin films play a crucial role in
photovoltaic solar cells, particularly in PV technology based on
amorphous silicon, cadmium telluride, and other materials. Thin
films help increase conversion efficiency rates, decrease weight,
and improve durability, making them ideal for off-grid areas and
contributing to environmental sustainability by reducing greenhouse
gas emissions. Beyond renewable energy, thin films are also used in
various industries, such as the steel industry for corrosion
resistance, in 5G mobile communications for high-frequency
components, and in the manufacturing of machine equipment, motors,
sensors, and motion detectors for improved efficiency and
durability. Nanotechnology and nanocomposite materials are driving
innovation in thin film technologies, leading to advancements in
areas like scratch resistance, fingerprint resistance, and
strength. Thin films are also used in various applications like
smart workplaces, smart TVs, smart air conditioners, and smart
homes, where they contribute to efficiency, improved performance,
and enhanced functionality. Some common thin film materials include
titanium dioxide, PVC substrates, and PVDF thin films, which come
in nanometers and micrometers in thickness. The market demand for
thin film materials continues to grow as technology advances and
industries seek to improve efficiency, reduce weight, and enhance
sustainability.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Physical Vapor Deposition
- Chemical Vapor Deposition
- Application
-
- Photovoltaic Solar Cell
- MEMS
- Semiconductor And Electrical
- Optical Coating
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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