Global Thin-Film Encapsulation Market, By Deposition Technologies (Inorganic Layers, Organic Layers), Flexible OLED Design (Cathode and Anode), Application (Flexible OLED Display, Flexible OLED Lighting, Thin-Film Photovoltaics and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Thin-Film Encapsulation Market
The thin-film encapsulation market is expected to witness market growth at a rate of 20.45% in the forecast period of 2021 to 2028, and is estimated to reach the value of USD 256.82 billion by 2028. Data Bridge Market Research report on thin-film encapsulation market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications globally is escalating the growth of thin-film encapsulation market.
Thin-film encapsulation refer to the technology which ensures the protection of flexible devices from moisture, and water, among other contaminated element. It is generally deposited through an organic layer as well as through an inorganic layer. They are integrated, which means both the organic and inorganic layers are utilized. This results in the reduction of cost and provide more flexibility with enhanced capacity.
The increase in need for thin-film barrier in flexible and organic devices across the globe acts as one of the major factors driving the growth of thin-film encapsulation market. The surge in adoption of flexible OLED displays for smartphones and smart wearables, and rise in demand for high-efficiency, and thin-film solar cells because of the huge investment in roll-to-roll production of OLED lighting and building OLED business facilities accelerate the market growth. The use in various fields such as flexible lighting products, photovoltaic solar cells, OLED displays, thin film batteries, and other areas, and increase in trend of thin-film encapsulation using inkjet printing technology further influence the market. Additionally, presence of stringent passenger safety regulations, shift toward digitalized manufacturing, rapid urbanization and technological innovations positively affect the thin-film encapsulation market. Furthermore, high demand for high-efficiency and thin solar cells and heavy investments in OLED technology and manufacturing facilities extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost and development of flexible glass is expected to obstruct the market growth. The requirement for technical knowhow and protection of intellectual properties is projected to challenge the thin-film encapsulation market in the forecast period of 2021-2028.
This thin-film encapsulation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info thin-film encapsulation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Thin-Film Encapsulation Market Scope and Market Size
The thin-film encapsulation market is segmented on the basis of deposition technologies, flexible OLED design and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of deposition technologies, the thin-film encapsulation market is segmented into inorganic layers and organic layers.
- On the basis of flexible OLED design, the thin-film encapsulation market is segmented into cathode and anode.
- On the basis of Application, the thin-film encapsulation market is segmented into flexible OLED display, flexible OLED lighting, thin-film photovoltaics and others.
Thin-Film Encapsulation Market Country Level Analysis
The thin-film encapsulation market is analyzed and market size, volume information is provided by country, deposition technologies, flexible OLED design and application as referenced above.
The countries covered in the global thin-film encapsulation market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the thin-film encapsulation market due to the development and commercialization of OLED technology within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the presence of industry leaders in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Thin-Film Encapsulation Market Share Analysis
The thin-film encapsulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to thin-film encapsulation market.
The major players covered in the thin-film encapsulation market report are BYSTRONIC GLASS, Meyer Burger Technology AG, AMS Technologies AG, ROLIC technologies, SAES Getters S.p.A., Picosun Oy., Angstrom Engineering Inc., KANEKA CORPORATION, SNU Precision Co., Ltd., Kyoritsu Chemical & Co., Ltd., SAMSUNG SDI CO.,LTD., LG Chem, UNIVERSAL DISPLAY, 3M, Applied Materials, Inc., Kateeva and Areesys Corporation, Beneq, MBRAUN, and Veeco Instruments Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-