Global Thin Film Semiconductor Deposition Market is Estimated to Reach $36 Billion by 2025, Says Accurize Market Research
Global Thin Film Semiconductor Deposition Market report published by Accurize 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 North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Huge demand for high efficiency as well as miniaturization to drive 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.
MarketSegmentation
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).
North America, Europe, Asia-Pacific and rest of the world (RoW) are the geographical segments of the market. North America is further bifurcated into countries namely; U.S., Canada and Mexico. Europe covers countries like Russia, U.K., Germany, France, Italy and Rest of Europe. Asia-Pacific countries include China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Africa and Middle East.
"Chemical vapor deposition (CVD) accounted for the largest market share in the product technology segment", says Accurize
In the technology segment, chemical vapor deposition (CVD) accounted for the largest market share in 2017.It is 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. 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 the highest market share over the forecast period", says Accurize
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.
Top players in the market
Major companies operating in the market include OerlikonBalzers, Hitachi Kokusai Electric Inc., Tokyo Electron Limited, Applied Materials, Inc., CVD Equipment Corporation, Lam Research Corporation, AIXTRON SE, IhiHauzer Techno Coating B.V, Sumco Corporation, and Shin-Etsu Chemical Co., Ltd, among others.
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