Global Thin Film Semiconductor Deposition Market Report, published by Variant Market Research, forecast that the global market is expected to reach $36 billion by 2025 from $12 billion in 2017; growing at a CAGR of 14.1% from 2017 to 2025. By geography, Asia-Pacific, and RoW are expected to grow at a CAGR of 15.0% and 14.6%, respectively, during the forecast period. Thin film semiconductors provide various benefits such as lightweight, high efficiency, low space consumption, & shape flexibility compared to traditional silicon (c-Si). It is widely used in several industry verticals including energy & power, IT & telecom, electronics, automotive, and aerospace & defense, among others.
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Thin Film Semiconductor Deposition Market (By Technology: Chemical Vapor Deposition (CVD), Physical Vapor Deposition (PVD), and Other Technologies; By Industry Vertical: IT & Telecom, Electronics, Energy & Power, Automotive, Aerospace & Defense, and Other Industry Verticals; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025
Huge demand for high efficiency as well as miniaturization to drive the growth of the global market
The factors supporting growth of the global thin film semiconductor deposition market are technological benefit of thin film compared to conventional silicon, huge demand for high efficiency as well as miniaturization, and increase in investment in solar power plants. However, huge investment cost may act as a restraint for the growth of the market. Moreover, rising need about sensors in smartphone industry would provide several growth opportunities for the market in the future years.
Technology, industry vertical, and geography are the major segments considered in the global thin film semiconductor deposition market. By technology, the market is bifurcated into chemical vapor deposition (CVD), physical vapor deposition (PVD), & others (epitaxy, and electro hydrodynamic deposition). Moreover, industry vertical includes large enterprises, medium enterprises, and small enterprises. By industry vertical, the market is further classified as IT & telecom, electronics, energy & power, automotive, aerospace & defense, and others (healthcare and industrial). By geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America covers the U.S., Canada, and Mexico. Germany, France, Italy, and Rest of Europe are analyzed under the European market. China, Japan, South Korea, Taiwan, India, and Rest of Asia-Pacific are included under the Asia-Pacific Market While RoW is bifurcated into South America, Middle East, and Africa.
Chemical vapor deposition (CVD) accounted for the largest market share in the technology segment
Global Thin Film Semiconductor Deposition Market, by Technology
Chemical vapor deposition (CVD) accounted for the largest market share in 2017, in the technology segment, and are expected to continue its dominance during the forecast period 2017 – 2025, driven by its advantages like low manufacturing cost, easier process, as well as improved quality.
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IT & Telecom accounted for the largest market share in the industry vertical segment
Global Thin Film Semiconductor Deposition Market, by Industry Vertical
IT & Telecom accounted for the largest market share in 2017, in the industry vertical segment, owing to high requirement of thin film semiconductor in this segment.
Asia-Pacific dominated the global market with highest market share over the forecast period
GLOBAL THIN FILM SEMICONDUCTOR DEPOSITION MARKET SHARE BY GEOGRAPHY,2017 (%)
Asia-Pacific dominated the global market with largest market share of 54.6% in 2017 and expected to continue its dominance during the forecasted period. The growth is attributed to the heavy investments on the technologies related to it in this region.
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The major players operating in the market are Oerlikon Balzers, Hitachi Kokusai Electric Inc., Tokyo Electron Limited, Applied Materials, Inc., CVD Equipment Corporation, Lam Research Corporation, AIXTRON SE, Ihi Hauzer Techno Coating B.V, Sumco Corporation, and Shin-Etsu Chemical Co., Ltd, among others.