Thin-Film Encapsulation (TFE) Market by Application (OLED Display, OLED Lighting, and Thin-Film Photovoltaic), Deposition Type (Inorganic Layers (PECVD, ALD) and Organic Layers (Inkjet Printing and VTE), Vertical and Region - Global Forecast to 2027
The thin-film encapsulation (TFE) market is estimated to grow from USD 92 million in 2022 to reach
USD 223 million by 2027; it is expected to grow at a CAGR of 19.4% from 2022 to 2027. The growth of the thin-film encapsulation (TFE) market can be attributed to growing use of thin-film barriers in flexible and organic electronic devices and rising trend of TFE using inkjet printing technology.
“The flexible OLED display thin-film encapsulation (TFE) market for automobile displays is expected to grow at the highest CAGR from 2022 to 2027”
OLED displays are gradually emerging as the most preferred display technology among automobile companies such as General Motors, Audi, Toyota, Volkswagen, and Mercedes-Benz. With stabilized ASP and improvement in the reliability of OLED technology, the adoption of OLED displays in the automotive industry is likely to increase in the coming years. In November 2021, Continental earned its first major order for OLED displays in a production vehicle from a global vehicle manufacturer, with a total order value of around USD 1 billion. The multi-display stretches from the driver’s area to the center console and integrates two screens, which are optically bonded behind a curved glass surface.
“Thin-film encapsulation (TFE) market for consumer electronics vertical is expected to hold the largest share during the forecast period.”
The consumer electronics segment is expected to continue to account for the largest size of the TFE market during the forecast period. The consumer electronics vertical includes products such as smartphones, television sets, smart wearables, PC monitors and laptops, and tablets—all of which have significant shares in the global TFE market. The growth of OLED displays in the consumer vertical is expected to drive the TFE market growth.
“The thin-film encapsulation (TFE) market in Europe is expected to grow at the second highest CAGR during forecast period.”
Europe is an important region due to the presence of various developers and manufacturers of flexible OLED lighting panels, flexible solar cells, flexible batteries, and architectural materials across different European countries. The substantial growth of the automotive and manufacturing industries in the region is one of the key drivers for the growth of the TFE market in Europe. The rising demand for OLEDs by the automotive and advertising markets will contribute significantly to the growth of the TFE market in the region.
Breakdown of the profile of primary participants:
Research Coverage
Based on deposition type, the TFE market has been segmented into inorganic layer deposition and organic layer deposition. Based on application, the TFE market has been segmented into flexible OLED display, flexible OLED lighting, thin-film photovoltaics, and others. Based on vertical, the TFE market has been segmented into consumer electronics, automotive, sports and entertainment, transportation, retail, hospitality, and BFSI, industrial and enterprise, education, healthcare, aerospace and defense, and others. Based on region, the TFE market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).
Reasons to Buy Report
The report would help market leaders/new entrants in the following ways:
1. This report segments the TFE market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across deposition types, applications, verticals, and regions.
2. The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities.
3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape provides market share analysis and company evaluation quadrant for the key players operating in the TFE market.
USD 223 million by 2027; it is expected to grow at a CAGR of 19.4% from 2022 to 2027. The growth of the thin-film encapsulation (TFE) market can be attributed to growing use of thin-film barriers in flexible and organic electronic devices and rising trend of TFE using inkjet printing technology.
“The flexible OLED display thin-film encapsulation (TFE) market for automobile displays is expected to grow at the highest CAGR from 2022 to 2027”
OLED displays are gradually emerging as the most preferred display technology among automobile companies such as General Motors, Audi, Toyota, Volkswagen, and Mercedes-Benz. With stabilized ASP and improvement in the reliability of OLED technology, the adoption of OLED displays in the automotive industry is likely to increase in the coming years. In November 2021, Continental earned its first major order for OLED displays in a production vehicle from a global vehicle manufacturer, with a total order value of around USD 1 billion. The multi-display stretches from the driver’s area to the center console and integrates two screens, which are optically bonded behind a curved glass surface.
“Thin-film encapsulation (TFE) market for consumer electronics vertical is expected to hold the largest share during the forecast period.”
The consumer electronics segment is expected to continue to account for the largest size of the TFE market during the forecast period. The consumer electronics vertical includes products such as smartphones, television sets, smart wearables, PC monitors and laptops, and tablets—all of which have significant shares in the global TFE market. The growth of OLED displays in the consumer vertical is expected to drive the TFE market growth.
“The thin-film encapsulation (TFE) market in Europe is expected to grow at the second highest CAGR during forecast period.”
Europe is an important region due to the presence of various developers and manufacturers of flexible OLED lighting panels, flexible solar cells, flexible batteries, and architectural materials across different European countries. The substantial growth of the automotive and manufacturing industries in the region is one of the key drivers for the growth of the TFE market in Europe. The rising demand for OLEDs by the automotive and advertising markets will contribute significantly to the growth of the TFE market in the region.
Breakdown of the profile of primary participants:
- By Company Type: Tier 1 – 30%, Tier 2 – 50%, and Tier 3 – 20%
- By Designation: C-level Executives – 30%, Directors – 45%, Others - 25%
- By Region: North America – 20%, Europe – 30%, Asia Pacific – 45%, and RoW – 5%
Research Coverage
Based on deposition type, the TFE market has been segmented into inorganic layer deposition and organic layer deposition. Based on application, the TFE market has been segmented into flexible OLED display, flexible OLED lighting, thin-film photovoltaics, and others. Based on vertical, the TFE market has been segmented into consumer electronics, automotive, sports and entertainment, transportation, retail, hospitality, and BFSI, industrial and enterprise, education, healthcare, aerospace and defense, and others. Based on region, the TFE market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).
Reasons to Buy Report
The report would help market leaders/new entrants in the following ways:
1. This report segments the TFE market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across deposition types, applications, verticals, and regions.
2. The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities.
3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape provides market share analysis and company evaluation quadrant for the key players operating in the TFE market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.4 STUDY SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 TFE MARKET: SEGMENTATION
1.4.2 REGIONAL SCOPE
1.5 YEARS CONSIDERED
1.6 CURRENCY CONSIDERED
1.7 UNIT CONSIDERED
1.8 LIMITATIONS
1.9 STAKEHOLDERS
1.10 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 TFE MARKET SIZE ESTIMATION AND PROCESS FLOW
FIGURE 3 TFE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Key data from primary sources
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primaries
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED FROM SALES OF TFE IN 2021
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE): ESTIMATION OF TFE MARKET SIZE, BY APPLICATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for deriving market size using bottom-up analysis
(demand side)
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for deriving market size using top-down analysis do
(supply side)
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.2.3 MARKET SHARE ESTIMATION
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY
2.4.1 GROWTH RATE ASSUMPTIONS/FORECASTS
2.5 LIMITATIONS
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 9 FLEXIBLE OLED DISPLAY TO BE LARGEST SEGMENT OF TFE MARKET DURING FORECAST PERIOD
FIGURE 10 ASIA PACIFIC TFE MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS OPERATING IN TFE MARKET
FIGURE 11 HIGH DEMAND FOR TFE IN CONSUMER ELECTRONICS VERTICAL
4.2 TFE MARKET, BY DEPOSITION TECHNOLOGY
FIGURE 12 ORGANIC LAYERS DEPOSITION SEGMENT TO HOLD LARGER SHARE OF TFE MARKET DURING FORECAST PERIOD
4.3 TFE MARKET, BY VERTICAL
FIGURE 13 CONSUMER ELECTRONICS SEGMENT TO HOLD MAJORITY OF MARKET SHARE IN 2027
4.4 TFE MARKET, BY FLEXIBLE OLED DISPLAY APPLICATION
FIGURE 14 SMARTPHONES SEGMENT TO HOLD LARGEST SHARE OF TFE MARKET FOR FLEXIBLE OLED DISPLAY DURING FORECAST PERIOD
4.5 ASIA PACIFIC TFE MARKET, BY COUNTRY AND VERTICAL
FIGURE 15 CONSUMER ELECTRONICS AND SOUTH KOREA TO HOLD MAJOR SHARES OF ASIA PACIFIC TFE MARKET IN 2022
4.6 TFE MARKET, BY COUNTRY
FIGURE 16 CHINA TO EXHIBIT HIGHEST CAGR IN TFE MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 TFE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
FIGURE 18 TFE MARKET: DRIVERS AND THEIR IMPACT
5.2.1.1 Growing use of thin-film barriers in flexible and organic electronic devices
5.2.1.2 Rising trend of TFE using inkjet printing technology
5.2.1.3 Integration of flexible OLED displays into smartphones and smart wearables
5.2.1.4 Rising investments in building new facilities to manufacture OLED panels
5.2.1.5 Increased application of OLED displays in AR/VR headsets
5.2.2 RESTRAINTS
FIGURE 19 TFE MARKET: RESTRAINTS AND THEIR IMPACT
5.2.2.1 High capital expenditure associated with TFE
5.2.3 OPPORTUNITIES
FIGURE 20 TFE MARKET: OPPORTUNITIES AND THEIR IMPACT
5.2.3.1 Rising demand for highly efficient thin solar cells
5.2.3.2 Increasing applications of smart mirrors in smart homes
5.2.4 CHALLENGES
FIGURE 21 TFE MARKET: CHALLENGES AND THEIR IMPACT
5.2.4.1 Complex value chain structure
5.3 VALUE CHAIN ANALYSIS
FIGURE 22 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS AND TFE SYSTEM INTEGRATORS
5.4 ECOSYSTEM ANALYSIS
FIGURE 23 TFE MARKET: ECOSYSTEM ANALYSIS
TABLE 2 TFE MARKET: ROLE IN ECOSYSTEM
5.5 TECHNOLOGY ANALYSIS
5.6 PATENT ANALYSIS
FIGURE 24 NUMBER OF PATENTS FILED PER YEAR, 2012–2021
FIGURE 25 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 3 LIST OF TOP PATENT OWNERS IN LAST 10 YEARS
5.6.1 TFE MARKET: LIST OF MAJOR PATENTS
TABLE 4 TFE MARKET: LIST OF MAJOR PATENTS
5.7 CASE STUDY ANALYSIS
5.7.1 BENEQ PROVIDES TFE FOR OLED LIGHTING
5.7.2 MEYER BURGER OFFERS INKJET + PECVD OLED ENCAPSULATION SYSTEM FOR FLEXIBLE OLEDS
5.7.3 AGORIA SOLAR TEAM USES BOREALIS’ QUENTYS-GRADE FILMS TO ENCAPSULATE AND PROTECT SOLAR CELLS MOUNTED ON RACING CARS
5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES IN TFE MARKET
5.9 TRADE ANALYSIS
FIGURE 27 IMPORT DATA FOR HS CODE 848620, BY COUNTRY, 2017–2021
FIGURE 28 EXPORT DATA FOR HS CODE 848620, BY COUNTRY, 2017–2021
5.10 PORTER’S FIVE FORCES ANALYSIS
TABLE 5 TFE MARKET: PORTER’S FIVE FORCES ANALYSIS
5.10.1 INTENSITY OF COMPETITIVE RIVALRY
5.10.2 BARGAINING POWER OF SUPPLIERS
5.10.3 BARGAINING POWER OF BUYERS
5.10.4 THREAT OF SUBSTITUTES
5.10.5 THREAT OF NEW ENTRANTS
5.11 TARIFF ANALYSIS
TABLE 6 TARIFF IMPOSED ON PRODUCTS UNDER HS CODE 848620 EXPORTED BY SOUTH KOREA
TABLE 7 TARIFF IMPOSED ON PRODUCTS UNDER HS CODE 848620 EXPORTED BY US
TABLE 8 TARIFF IMPOSED ON PRODUCTS UNDER HS CODE 848620 EXPORTED BY CHINA
5.12 STANDARDS AND REGULATORY LANDSCAPE
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12.2 STANDARDS
5.12.3 RESTRICTION OF HAZARDOUS SUBSTANCES (ROHS) AND WASTE ELECTRICAL AND ELECTRONIC EQUIPMENT (WEEE) DIRECTIVES
5.12.4 REGISTRATION, EVALUATION, AUTHORIZATION, AND RESTRICTION OF CHEMICALS (REACH)
5.12.5 GENERAL DATA PROTECTION REGULATION (GDPR)
5.12.6 IMPORT–EXPORT LAWS
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TOP 3 VERTICALS
TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TOP
VERTICALS (%)
5.13.2 BUYING CRITERIA
FIGURE 30 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
TABLE 14 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
5.14 PRICING ANALYSIS
5.14.1 AVERAGE SELLING PRICE OF TFE OFFERED BY MAJOR MARKET PLAYERS TO TOP THREE VERTICALS
FIGURE 31 AVERAGE SELLING PRICE OF TFE OFFERED BY MAJOR MARKET PLAYERS TO TOP THREE VERTICALS
TABLE 15 AVERAGE SELLING PRICE OF TFE OFFERED BY MAJOR MARKET PLAYERS TO TOP THREE VERTICALS
5.15 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 16 TFE MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
6 TFE MARKET, BY DEPOSITION TYPE
6.1 INTRODUCTION
FIGURE 32 TFE MARKET FOR INORGANIC LAYER DEPOSITION SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
TABLE 17 TFE MARKET, BY DEPOSITION TYPE, 2018–2021 (USD MILLION)
TABLE 18 TFE MARKET, BY DEPOSITION TYPE, 2022–2027 (USD MILLION)
6.2 INORGANIC LAYER DEPOSITION
TABLE 19 INORGANIC LAYER DEPOSITION: TFE MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 20 INORGANIC LAYER DEPOSITION: TFE MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
6.2.1 PECVD
6.2.1.1 Deposits substrates at a lower temperature
6.2.2 ALD
6.2.2.1 Demand for ALD-based equipment to deposit barrier films on thermally fragile or flexible substrates
6.2.3 SPUTTERING
6.2.3.1 Provides improved sputter protection of organic materials used in flexible electronic devices
6.3 ORGANIC LAYER DEPOSITION
TABLE 21 ORGANIC LAYER DEPOSITION: TFE MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 22 ORGANIC LAYER DEPOSITION: TFE MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
6.3.1 INKJET PRINTING
6.3.1.1 Helps in high-volume production of organic electronic devices with TFE
6.3.2 VACUUM THERMAL EVAPORATION (VTE)
6.3.2.1 Used to deposit metals on OLEDs, solar cells, and thin-film transistors
7 TFE MARKET, BY APPLICATION
7.1 INTRODUCTION
FIGURE 33 FLEXIBLE OLED LIGHTING SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 23 TFE MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 24 TFE MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
7.2 FLEXIBLE OLED DISPLAY
7.2.1 GROWING POPULARITY OF OLEDS IN SMARTPHONES, SMART WEARABLE DEVICES, AND LARGE DISPLAY PANELS
TABLE 25 FLEXIBLE OLED DISPLAY: TFE MARKET, BY APPLICATION, 2018–2021 (THOUSAND SQUARE METERS)
TABLE 26 FLEXIBLE OLED DISPLAY: TFE MARKET, BY APPLICATION, 2022–2027 (THOUSAND SQUARE METERS)
TABLE 27 FLEXIBLE OLED DISPLAY: TFE MARKET, BY APPLICATION, 2018–2021 (USD THOUSAND)
TABLE 28 FLEXIBLE OLED DISPLAY: TFE MARKET, BY APPLICATION, 2022–2027 (USD THOUSAND)
TABLE 29 FLEXIBLE OLED DISPLAY: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 30 FLEXIBLE OLED DISPLAY: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
TABLE 31 ASIA PACIFIC: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2018–2021 (USD THOUSAND)
TABLE 32 ASIA PACIFIC: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2022–2027 (USD THOUSAND)
TABLE 33 EUROPE: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2018–2021 (USD THOUSAND)
TABLE 34 EUROPE: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2022–2027 (USD THOUSAND)
TABLE 35 NORTH AMERICA: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2018–2021 (USD THOUSAND)
TABLE 36 NORTH AMERICA: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2022–2027 (USD THOUSAND)
TABLE 37 ROW: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 38 ROW: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.2.2 SMARTPHONES
7.2.2.1 Rising use of TFE materials in smartphone manufacturing
TABLE 39 SMARTPHONES: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 40 SMARTPHONES: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.2.3 TABLETS
7.2.3.1 Growing use of OLED screens in Samsung Galaxy tablets
TABLE 41 TABLETS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 42 TABLETS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.2.4 TELEVISIONS (TVS) AND SIGNAGE
7.2.4.1 High demand for large format displays in retail, BFSI, sports, and education verticals
TABLE 43 TVS AND SIGNAGE: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 44 TVS AND SIGNAGE: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.2.5 PC MONITORS AND LAPTOPS
7.2.5.1 High use of OLED displays in PC monitors and laptops
TABLE 45 PC MONITORS AND LAPTOPS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 46 PC MONITORS AND LAPTOPS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.2.6 SMART WEARABLES
7.2.6.1 Increasing integration of OLED technology into smartwatches and AR/VR headsets
TABLE 47 SMART WEARABLES: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 48 SMART WEARABLES: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.2.7 AUTOMOBILE DISPLAYS
7.2.7.1 Growing integration of OLED technology into instrument clusters, dashboard displays, and center stack displays
TABLE 49 AUTOMOBILE DISPLAYS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 50 AUTOMOBILE DISPLAYS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.2.8 OTHERS
TABLE 51 OTHERS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 52 OTHERS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.3 FLEXIBLE OLED LIGHTING
7.3.1 INCREASING DEMAND FOR OLED LIGHTING PANELS IN AUTOMOTIVE INDUSTRY
TABLE 53 FLEXIBLE OLED LIGHTING: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 54 FLEXIBLE OLED LIGHTING: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
7.4 THIN-FILM PHOTOVOLTAICS
7.4.1 RISING USE OF OLED TECHNOLOGY TO MANUFACTURE INSTRUMENT CLUSTERS, DASHBOARD DISPLAYS, AND CENTER STACK DISPLAYS
TABLE 55 THIN-FILM PHOTOVOLTAICS: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 56 THIN-FILM PHOTOVOLTAICS: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
7.5 OTHERS
TABLE 57 OTHERS: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 58 OTHERS: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8 TFE MARKET, BY VERTICAL
8.1 INTRODUCTION
FIGURE 34 TFE MARKET FOR CONSUMER ELECTRONICS SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD
TABLE 59 TFE MARKET, BY VERTICAL, 2018–2021 (USD THOUSAND)
TABLE 60 TFE MARKET, BY VERTICAL, 2022–2027 (USD THOUSAND)
8.2 CONSUMER ELECTRONICS
8.2.1 CONSUMER ELECTRONICS SEGMENT TO CAPTURE LARGEST MARKET SIZE
TABLE 61 CONSUMER ELECTRONICS: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 62 CONSUMER ELECTRONICS: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.3 AUTOMOTIVE
8.3.1 GROWING REPLACEMENT OF ANALOG COMPONENTS WITH DIGITAL ONES IN VEHICLES
TABLE 63 AUTOMOTIVE: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 64 AUTOMOTIVE: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.4 HEALTHCARE
8.4.1 DIGITALIZATION OF HEALTHCARE SYSTEMS
TABLE 65 HEALTHCARE: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 66 HEALTHCARE: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.5 INDUSTRIAL AND ENTERPRISE
8.5.1 INCREASING ADOPTION OF AR/VR HMDS
TABLE 67 INDUSTRIAL AND ENTERPRISE: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 68 INDUSTRIAL AND ENTERPRISE: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.6 AEROSPACE & DEFENSE
8.6.1 RISING ADOPTION OF AR AND VR HMDS IN AEROSPACE & DEFENSE VERTICAL
TABLE 69 AEROSPACE AND DEFENSE: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 70 AEROSPACE AND DEFENSE: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.7 RETAIL, HOSPITALITY, AND BFSI
8.7.1 HIGH ADOPTION OF OLED DIGITAL SIGNAGE DISPLAYS
TABLE 71 RETAIL, HOSPITALITY, AND BFSI: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 72 RETAIL, HOSPITALITY, AND BFSI: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.8 EDUCATION
8.8.1 TRANSITION TO ONLINE LEARNING
TABLE 73 EDUCATION: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 74 EDUCATION: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.9 TRANSPORTATION
8.9.1 HIGH DEMAND FOR TFE FOR LARGE FORMAT DISPLAYS
TABLE 75 TRANSPORTATION: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 76 TRANSPORTATION: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.10 SPORTS & ENTERTAINMENT
8.10.1 RAPID PENETRATION OF AR/VR HMDS INTO SPORTS & ENTERTAINMENT VERTICAL
TABLE 77 SPORTS AND ENTERTAINMENT: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 78 SPORTS AND ENTERTAINMENT: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.11 OTHERS
TABLE 79 OTHERS: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 80 OTHERS: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
9 TFE MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 35 ASIA PACIFIC TO BE LARGEST TFE MARKET DURING FORECAST PERIOD
TABLE 81 TFE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 82 TFE MARKET, BY REGION, 2022–2027 (USD MILLION)
9.2 ASIA PACIFIC
FIGURE 36 ASIA PACIFIC: TFE MARKET SNAPSHOT
TABLE 83 ASIA PACIFIC: TFE MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 84 ASIA PACIFIC: TFE MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 85 ASIA PACIFIC: TFE MARKET, BY VERTICAL, 2018–2021 (USD THOUSAND)
TABLE 86 ASIA PACIFIC: TFE MARKET, BY VERTICAL, 2022–2027 (USD THOUSAND)
9.2.1 SOUTH KOREA
9.2.1.1 Rising developments by Samsung and LG Display in OLED lighting
9.2.2 CHINA
9.2.2.1 Increasing demand and production of solar cells
9.2.3 JAPAN
9.2.3.1 Large presence of OLED lighting players and OLED display manufacturers
9.2.4 TAIWAN
9.2.4.1 Increasing demand for TFE in AMOLED panel display manufacturing
9.2.5 REST OF ASIA PACIFIC
9.3 EUROPE
FIGURE 37 EUROPE: TFE MARKET SNAPSHOT
TABLE 87 EUROPE: TFE MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 88 EUROPE: TFE MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 89 EUROPE: TFE MARKET, BY VERTICAL, 2018–2021 (USD THOUSAND)
TABLE 90 EUROPE: TFE MARKET, BY VERTICAL, 2022–2027 (USD THOUSAND)
9.3.1 GERMANY
9.3.1.1 High demand for flexible OLED lighting panels in automotive industry
9.3.2 UK
9.3.2.1 High demand from smartphone and AR/VR technology developers
9.3.3 FRANCE
9.3.3.1 Rising government-led investments in consumer electronics vertical
9.3.4 REST OF EUROPE
9.4 NORTH AMERICA
FIGURE 38 NORTH AMERICA: TFE MARKET SNAPSHOT
TABLE 91 NORTH AMERICA: TFE MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 92 NORTH AMERICA: TFE MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 93 NORTH AMERICA: TFE MARKET, BY VERTICAL, 2018–2021 (USD THOUSAND)
TABLE 94 NORTH AMERICA: TFE MARKET, BY VERTICAL, 2022–2027 (USD THOUSAND)
9.4.1 US
9.4.1.1 Large presence of OLED display consumer base
9.4.2 CANADA
9.4.2.1 High demand in food service industry
9.4.3 MEXICO
9.4.3.1 Expanding automotive, retail, medical, and industrial sectors
9.5 ROW
TABLE 95 ROW: TFE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 96 ROW: TFE MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 97 ROW: TFE MARKET, BY VERTICAL, 2018–2021 (USD THOUSAND)
TABLE 98 ROW: TFE MARKET, BY VERTICAL, 2022–2027 (USD THOUSAND)
9.5.1 MIDDLE EAST & AFRICA
9.5.1.1 Increasing use of video walls, digital signage, and interactive kiosks in shopping malls and museums
9.5.2 SOUTH AMERICA
9.5.2.1 Growing outdoor advertising events
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN
TABLE 99 OVERVIEW OF STRATEGIES ADOPTED BY KEY COMPANIES IN TFE MARKET
10.3 FIVE-YEAR COMPANY REVENUE ANALYSIS
FIGURE 39 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN TFE MARKET
10.4 MARKET SHARE ANALYSIS, 2021
TABLE 100 TFE MARKET: DEGREE OF COMPETITION
10.5 COMPANY EVALUATION QUADRANT
10.5.1 STARS
10.5.2 EMERGING LEADERS
10.5.3 PERVASIVE PLAYERS
10.5.4 PARTICIPANTS
FIGURE 40 TFE MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
10.6 STARTUP/SME EVALUATION QUADRANT, 2021
10.6.1 PROGRESSIVE COMPANIES
10.6.2 RESPONSIVE COMPANIES
10.6.3 DYNAMIC COMPANIES
10.6.4 STARTING BLOCKS
FIGURE 41 TFE MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
10.7 TFE MARKET: COMPANY PRODUCT FOOTPRINT
TABLE 101 PRODUCT FOOTPRINT OF COMPANIES
TABLE 102 VERTICAL FOOTPRINT OF COMPANIES
TABLE 103 APPLICATION FOOTPRINT OF COMPANIES
TABLE 104 REGIONAL FOOTPRINT OF COMPANIES
10.8 TFE MARKET: COMPETITIVE BENCHMARKING
TABLE 105 TFE MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 106 TFE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY VERTICAL
TABLE 107 TFE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY APPLICATION
TABLE 108 TFE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY REGION
10.9 COMPETITIVE SCENARIOS AND TRENDS
TABLE 109 TFE MARKET: PRODUCT LAUNCHES, JANUARY 2020–AUGUST 2022
TABLE 110 TFE MARKET: DEALS, JANUARY 2020–AUGUST 2022
11 COMPANY PROFILES
11.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
11.1.1 SAMSUNG SDI CO., LTD.
TABLE 111 SAMSUNG SDI: COMPANY OVERVIEW
FIGURE 42 SAMSUNG SDI: COMPANY SNAPSHOT
11.1.2 LG CHEM LTD.
TABLE 112 LG CHEM: COMPANY OVERVIEW
FIGURE 43 LG CHEM: COMPANY SNAPSHOT
11.1.3 3M
TABLE 113 3M: COMPANY OVERVIEW
FIGURE 44 3M: COMPANY SNAPSHOT
11.1.4 TOPPAN INC.
TABLE 114 TOPPAN INC.: COMPANY OVERVIEW
FIGURE 45 TOPPAN INC.: COMPANY SNAPSHOT
11.1.5 TORAY INDUSTRIES, INC.
TABLE 115 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW
FIGURE 46 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT
11.1.6 ERGIS GROUP
TABLE 116 ERGIS GROUP: COMPANY OVERVIEW
11.1.7 VEECO INSTRUMENTS INC.
TABLE 117 VEECO INSTRUMENTS: COMPANY OVERVIEW
FIGURE 47 VEECO INSTRUMENTS: COMPANY SNAPSHOT
11.1.8 UNIVERSAL DISPLAY CORP.
TABLE 118 UNIVERSAL DISPLAY CORP.: COMPANY OVERVIEW
FIGURE 48 UNIVERSAL DISPLAY CORP.: COMPANY SNAPSHOT
11.1.9 APPLIED MATERIALS, INC.
TABLE 119 APPLIED MATERIALS, INC.: COMPANY OVERVIEW
FIGURE 49 APPLIED MATERIALS, INC.: COMPANY SNAPSHOT
11.1.10 KATEEVA
TABLE 120 KATEEVA: COMPANY OVERVIEW
11.2 OTHER PLAYERS
11.2.1 TESA
11.2.2 AJINOMOTO FINE-TECHNO CO., INC.
11.2.3 COAT-X
11.2.4 BOREALIS AG
11.2.5 AMS TECHNOLOGIES
11.2.6 ANGSTROM ENGINEERING
11.2.7 BENEQ
11.2.8 ENCAPSULIX
11.2.9 LOTUS APPLIED TECHNOLOGY
11.2.10 BASF
11.2.11 HOLST CENTRE
11.2.12 SNU PRECISION
11.2.13 KYORITSU CHEMICAL & CORPORATION LIMITED
11.2.14 SAES GETTERS SPA
11.2.15 MBRAUN
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12 APPENDIX
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 CUSTOMIZATION OPTIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
1.4 STUDY SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 TFE MARKET: SEGMENTATION
1.4.2 REGIONAL SCOPE
1.5 YEARS CONSIDERED
1.6 CURRENCY CONSIDERED
1.7 UNIT CONSIDERED
1.8 LIMITATIONS
1.9 STAKEHOLDERS
1.10 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 TFE MARKET SIZE ESTIMATION AND PROCESS FLOW
FIGURE 3 TFE MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Key data from primary sources
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primaries
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED FROM SALES OF TFE IN 2021
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE): ESTIMATION OF TFE MARKET SIZE, BY APPLICATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for deriving market size using bottom-up analysis
(demand side)
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for deriving market size using top-down analysis do
(supply side)
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.2.3 MARKET SHARE ESTIMATION
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY
2.4.1 GROWTH RATE ASSUMPTIONS/FORECASTS
2.5 LIMITATIONS
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 9 FLEXIBLE OLED DISPLAY TO BE LARGEST SEGMENT OF TFE MARKET DURING FORECAST PERIOD
FIGURE 10 ASIA PACIFIC TFE MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS OPERATING IN TFE MARKET
FIGURE 11 HIGH DEMAND FOR TFE IN CONSUMER ELECTRONICS VERTICAL
4.2 TFE MARKET, BY DEPOSITION TECHNOLOGY
FIGURE 12 ORGANIC LAYERS DEPOSITION SEGMENT TO HOLD LARGER SHARE OF TFE MARKET DURING FORECAST PERIOD
4.3 TFE MARKET, BY VERTICAL
FIGURE 13 CONSUMER ELECTRONICS SEGMENT TO HOLD MAJORITY OF MARKET SHARE IN 2027
4.4 TFE MARKET, BY FLEXIBLE OLED DISPLAY APPLICATION
FIGURE 14 SMARTPHONES SEGMENT TO HOLD LARGEST SHARE OF TFE MARKET FOR FLEXIBLE OLED DISPLAY DURING FORECAST PERIOD
4.5 ASIA PACIFIC TFE MARKET, BY COUNTRY AND VERTICAL
FIGURE 15 CONSUMER ELECTRONICS AND SOUTH KOREA TO HOLD MAJOR SHARES OF ASIA PACIFIC TFE MARKET IN 2022
4.6 TFE MARKET, BY COUNTRY
FIGURE 16 CHINA TO EXHIBIT HIGHEST CAGR IN TFE MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 TFE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
FIGURE 18 TFE MARKET: DRIVERS AND THEIR IMPACT
5.2.1.1 Growing use of thin-film barriers in flexible and organic electronic devices
5.2.1.2 Rising trend of TFE using inkjet printing technology
5.2.1.3 Integration of flexible OLED displays into smartphones and smart wearables
5.2.1.4 Rising investments in building new facilities to manufacture OLED panels
5.2.1.5 Increased application of OLED displays in AR/VR headsets
5.2.2 RESTRAINTS
FIGURE 19 TFE MARKET: RESTRAINTS AND THEIR IMPACT
5.2.2.1 High capital expenditure associated with TFE
5.2.3 OPPORTUNITIES
FIGURE 20 TFE MARKET: OPPORTUNITIES AND THEIR IMPACT
5.2.3.1 Rising demand for highly efficient thin solar cells
5.2.3.2 Increasing applications of smart mirrors in smart homes
5.2.4 CHALLENGES
FIGURE 21 TFE MARKET: CHALLENGES AND THEIR IMPACT
5.2.4.1 Complex value chain structure
5.3 VALUE CHAIN ANALYSIS
FIGURE 22 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS AND TFE SYSTEM INTEGRATORS
5.4 ECOSYSTEM ANALYSIS
FIGURE 23 TFE MARKET: ECOSYSTEM ANALYSIS
TABLE 2 TFE MARKET: ROLE IN ECOSYSTEM
5.5 TECHNOLOGY ANALYSIS
5.6 PATENT ANALYSIS
FIGURE 24 NUMBER OF PATENTS FILED PER YEAR, 2012–2021
FIGURE 25 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 3 LIST OF TOP PATENT OWNERS IN LAST 10 YEARS
5.6.1 TFE MARKET: LIST OF MAJOR PATENTS
TABLE 4 TFE MARKET: LIST OF MAJOR PATENTS
5.7 CASE STUDY ANALYSIS
5.7.1 BENEQ PROVIDES TFE FOR OLED LIGHTING
5.7.2 MEYER BURGER OFFERS INKJET + PECVD OLED ENCAPSULATION SYSTEM FOR FLEXIBLE OLEDS
5.7.3 AGORIA SOLAR TEAM USES BOREALIS’ QUENTYS-GRADE FILMS TO ENCAPSULATE AND PROTECT SOLAR CELLS MOUNTED ON RACING CARS
5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES IN TFE MARKET
5.9 TRADE ANALYSIS
FIGURE 27 IMPORT DATA FOR HS CODE 848620, BY COUNTRY, 2017–2021
FIGURE 28 EXPORT DATA FOR HS CODE 848620, BY COUNTRY, 2017–2021
5.10 PORTER’S FIVE FORCES ANALYSIS
TABLE 5 TFE MARKET: PORTER’S FIVE FORCES ANALYSIS
5.10.1 INTENSITY OF COMPETITIVE RIVALRY
5.10.2 BARGAINING POWER OF SUPPLIERS
5.10.3 BARGAINING POWER OF BUYERS
5.10.4 THREAT OF SUBSTITUTES
5.10.5 THREAT OF NEW ENTRANTS
5.11 TARIFF ANALYSIS
TABLE 6 TARIFF IMPOSED ON PRODUCTS UNDER HS CODE 848620 EXPORTED BY SOUTH KOREA
TABLE 7 TARIFF IMPOSED ON PRODUCTS UNDER HS CODE 848620 EXPORTED BY US
TABLE 8 TARIFF IMPOSED ON PRODUCTS UNDER HS CODE 848620 EXPORTED BY CHINA
5.12 STANDARDS AND REGULATORY LANDSCAPE
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12.2 STANDARDS
5.12.3 RESTRICTION OF HAZARDOUS SUBSTANCES (ROHS) AND WASTE ELECTRICAL AND ELECTRONIC EQUIPMENT (WEEE) DIRECTIVES
5.12.4 REGISTRATION, EVALUATION, AUTHORIZATION, AND RESTRICTION OF CHEMICALS (REACH)
5.12.5 GENERAL DATA PROTECTION REGULATION (GDPR)
5.12.6 IMPORT–EXPORT LAWS
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TOP 3 VERTICALS
TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TOP
VERTICALS (%)
5.13.2 BUYING CRITERIA
FIGURE 30 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
TABLE 14 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
5.14 PRICING ANALYSIS
5.14.1 AVERAGE SELLING PRICE OF TFE OFFERED BY MAJOR MARKET PLAYERS TO TOP THREE VERTICALS
FIGURE 31 AVERAGE SELLING PRICE OF TFE OFFERED BY MAJOR MARKET PLAYERS TO TOP THREE VERTICALS
TABLE 15 AVERAGE SELLING PRICE OF TFE OFFERED BY MAJOR MARKET PLAYERS TO TOP THREE VERTICALS
5.15 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 16 TFE MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
6 TFE MARKET, BY DEPOSITION TYPE
6.1 INTRODUCTION
FIGURE 32 TFE MARKET FOR INORGANIC LAYER DEPOSITION SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
TABLE 17 TFE MARKET, BY DEPOSITION TYPE, 2018–2021 (USD MILLION)
TABLE 18 TFE MARKET, BY DEPOSITION TYPE, 2022–2027 (USD MILLION)
6.2 INORGANIC LAYER DEPOSITION
TABLE 19 INORGANIC LAYER DEPOSITION: TFE MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 20 INORGANIC LAYER DEPOSITION: TFE MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
6.2.1 PECVD
6.2.1.1 Deposits substrates at a lower temperature
6.2.2 ALD
6.2.2.1 Demand for ALD-based equipment to deposit barrier films on thermally fragile or flexible substrates
6.2.3 SPUTTERING
6.2.3.1 Provides improved sputter protection of organic materials used in flexible electronic devices
6.3 ORGANIC LAYER DEPOSITION
TABLE 21 ORGANIC LAYER DEPOSITION: TFE MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 22 ORGANIC LAYER DEPOSITION: TFE MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
6.3.1 INKJET PRINTING
6.3.1.1 Helps in high-volume production of organic electronic devices with TFE
6.3.2 VACUUM THERMAL EVAPORATION (VTE)
6.3.2.1 Used to deposit metals on OLEDs, solar cells, and thin-film transistors
7 TFE MARKET, BY APPLICATION
7.1 INTRODUCTION
FIGURE 33 FLEXIBLE OLED LIGHTING SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 23 TFE MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 24 TFE MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
7.2 FLEXIBLE OLED DISPLAY
7.2.1 GROWING POPULARITY OF OLEDS IN SMARTPHONES, SMART WEARABLE DEVICES, AND LARGE DISPLAY PANELS
TABLE 25 FLEXIBLE OLED DISPLAY: TFE MARKET, BY APPLICATION, 2018–2021 (THOUSAND SQUARE METERS)
TABLE 26 FLEXIBLE OLED DISPLAY: TFE MARKET, BY APPLICATION, 2022–2027 (THOUSAND SQUARE METERS)
TABLE 27 FLEXIBLE OLED DISPLAY: TFE MARKET, BY APPLICATION, 2018–2021 (USD THOUSAND)
TABLE 28 FLEXIBLE OLED DISPLAY: TFE MARKET, BY APPLICATION, 2022–2027 (USD THOUSAND)
TABLE 29 FLEXIBLE OLED DISPLAY: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 30 FLEXIBLE OLED DISPLAY: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
TABLE 31 ASIA PACIFIC: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2018–2021 (USD THOUSAND)
TABLE 32 ASIA PACIFIC: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2022–2027 (USD THOUSAND)
TABLE 33 EUROPE: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2018–2021 (USD THOUSAND)
TABLE 34 EUROPE: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2022–2027 (USD THOUSAND)
TABLE 35 NORTH AMERICA: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2018–2021 (USD THOUSAND)
TABLE 36 NORTH AMERICA: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2022–2027 (USD THOUSAND)
TABLE 37 ROW: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 38 ROW: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.2.2 SMARTPHONES
7.2.2.1 Rising use of TFE materials in smartphone manufacturing
TABLE 39 SMARTPHONES: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 40 SMARTPHONES: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.2.3 TABLETS
7.2.3.1 Growing use of OLED screens in Samsung Galaxy tablets
TABLE 41 TABLETS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 42 TABLETS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.2.4 TELEVISIONS (TVS) AND SIGNAGE
7.2.4.1 High demand for large format displays in retail, BFSI, sports, and education verticals
TABLE 43 TVS AND SIGNAGE: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 44 TVS AND SIGNAGE: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.2.5 PC MONITORS AND LAPTOPS
7.2.5.1 High use of OLED displays in PC monitors and laptops
TABLE 45 PC MONITORS AND LAPTOPS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 46 PC MONITORS AND LAPTOPS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.2.6 SMART WEARABLES
7.2.6.1 Increasing integration of OLED technology into smartwatches and AR/VR headsets
TABLE 47 SMART WEARABLES: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 48 SMART WEARABLES: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.2.7 AUTOMOBILE DISPLAYS
7.2.7.1 Growing integration of OLED technology into instrument clusters, dashboard displays, and center stack displays
TABLE 49 AUTOMOBILE DISPLAYS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 50 AUTOMOBILE DISPLAYS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.2.8 OTHERS
TABLE 51 OTHERS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 52 OTHERS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND)
7.3 FLEXIBLE OLED LIGHTING
7.3.1 INCREASING DEMAND FOR OLED LIGHTING PANELS IN AUTOMOTIVE INDUSTRY
TABLE 53 FLEXIBLE OLED LIGHTING: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 54 FLEXIBLE OLED LIGHTING: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
7.4 THIN-FILM PHOTOVOLTAICS
7.4.1 RISING USE OF OLED TECHNOLOGY TO MANUFACTURE INSTRUMENT CLUSTERS, DASHBOARD DISPLAYS, AND CENTER STACK DISPLAYS
TABLE 55 THIN-FILM PHOTOVOLTAICS: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 56 THIN-FILM PHOTOVOLTAICS: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
7.5 OTHERS
TABLE 57 OTHERS: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 58 OTHERS: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8 TFE MARKET, BY VERTICAL
8.1 INTRODUCTION
FIGURE 34 TFE MARKET FOR CONSUMER ELECTRONICS SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD
TABLE 59 TFE MARKET, BY VERTICAL, 2018–2021 (USD THOUSAND)
TABLE 60 TFE MARKET, BY VERTICAL, 2022–2027 (USD THOUSAND)
8.2 CONSUMER ELECTRONICS
8.2.1 CONSUMER ELECTRONICS SEGMENT TO CAPTURE LARGEST MARKET SIZE
TABLE 61 CONSUMER ELECTRONICS: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 62 CONSUMER ELECTRONICS: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.3 AUTOMOTIVE
8.3.1 GROWING REPLACEMENT OF ANALOG COMPONENTS WITH DIGITAL ONES IN VEHICLES
TABLE 63 AUTOMOTIVE: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 64 AUTOMOTIVE: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.4 HEALTHCARE
8.4.1 DIGITALIZATION OF HEALTHCARE SYSTEMS
TABLE 65 HEALTHCARE: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 66 HEALTHCARE: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.5 INDUSTRIAL AND ENTERPRISE
8.5.1 INCREASING ADOPTION OF AR/VR HMDS
TABLE 67 INDUSTRIAL AND ENTERPRISE: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 68 INDUSTRIAL AND ENTERPRISE: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.6 AEROSPACE & DEFENSE
8.6.1 RISING ADOPTION OF AR AND VR HMDS IN AEROSPACE & DEFENSE VERTICAL
TABLE 69 AEROSPACE AND DEFENSE: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 70 AEROSPACE AND DEFENSE: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.7 RETAIL, HOSPITALITY, AND BFSI
8.7.1 HIGH ADOPTION OF OLED DIGITAL SIGNAGE DISPLAYS
TABLE 71 RETAIL, HOSPITALITY, AND BFSI: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 72 RETAIL, HOSPITALITY, AND BFSI: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.8 EDUCATION
8.8.1 TRANSITION TO ONLINE LEARNING
TABLE 73 EDUCATION: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 74 EDUCATION: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.9 TRANSPORTATION
8.9.1 HIGH DEMAND FOR TFE FOR LARGE FORMAT DISPLAYS
TABLE 75 TRANSPORTATION: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 76 TRANSPORTATION: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.10 SPORTS & ENTERTAINMENT
8.10.1 RAPID PENETRATION OF AR/VR HMDS INTO SPORTS & ENTERTAINMENT VERTICAL
TABLE 77 SPORTS AND ENTERTAINMENT: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 78 SPORTS AND ENTERTAINMENT: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
8.11 OTHERS
TABLE 79 OTHERS: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND)
TABLE 80 OTHERS: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND)
9 TFE MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 35 ASIA PACIFIC TO BE LARGEST TFE MARKET DURING FORECAST PERIOD
TABLE 81 TFE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 82 TFE MARKET, BY REGION, 2022–2027 (USD MILLION)
9.2 ASIA PACIFIC
FIGURE 36 ASIA PACIFIC: TFE MARKET SNAPSHOT
TABLE 83 ASIA PACIFIC: TFE MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 84 ASIA PACIFIC: TFE MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 85 ASIA PACIFIC: TFE MARKET, BY VERTICAL, 2018–2021 (USD THOUSAND)
TABLE 86 ASIA PACIFIC: TFE MARKET, BY VERTICAL, 2022–2027 (USD THOUSAND)
9.2.1 SOUTH KOREA
9.2.1.1 Rising developments by Samsung and LG Display in OLED lighting
9.2.2 CHINA
9.2.2.1 Increasing demand and production of solar cells
9.2.3 JAPAN
9.2.3.1 Large presence of OLED lighting players and OLED display manufacturers
9.2.4 TAIWAN
9.2.4.1 Increasing demand for TFE in AMOLED panel display manufacturing
9.2.5 REST OF ASIA PACIFIC
9.3 EUROPE
FIGURE 37 EUROPE: TFE MARKET SNAPSHOT
TABLE 87 EUROPE: TFE MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 88 EUROPE: TFE MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 89 EUROPE: TFE MARKET, BY VERTICAL, 2018–2021 (USD THOUSAND)
TABLE 90 EUROPE: TFE MARKET, BY VERTICAL, 2022–2027 (USD THOUSAND)
9.3.1 GERMANY
9.3.1.1 High demand for flexible OLED lighting panels in automotive industry
9.3.2 UK
9.3.2.1 High demand from smartphone and AR/VR technology developers
9.3.3 FRANCE
9.3.3.1 Rising government-led investments in consumer electronics vertical
9.3.4 REST OF EUROPE
9.4 NORTH AMERICA
FIGURE 38 NORTH AMERICA: TFE MARKET SNAPSHOT
TABLE 91 NORTH AMERICA: TFE MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 92 NORTH AMERICA: TFE MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 93 NORTH AMERICA: TFE MARKET, BY VERTICAL, 2018–2021 (USD THOUSAND)
TABLE 94 NORTH AMERICA: TFE MARKET, BY VERTICAL, 2022–2027 (USD THOUSAND)
9.4.1 US
9.4.1.1 Large presence of OLED display consumer base
9.4.2 CANADA
9.4.2.1 High demand in food service industry
9.4.3 MEXICO
9.4.3.1 Expanding automotive, retail, medical, and industrial sectors
9.5 ROW
TABLE 95 ROW: TFE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 96 ROW: TFE MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 97 ROW: TFE MARKET, BY VERTICAL, 2018–2021 (USD THOUSAND)
TABLE 98 ROW: TFE MARKET, BY VERTICAL, 2022–2027 (USD THOUSAND)
9.5.1 MIDDLE EAST & AFRICA
9.5.1.1 Increasing use of video walls, digital signage, and interactive kiosks in shopping malls and museums
9.5.2 SOUTH AMERICA
9.5.2.1 Growing outdoor advertising events
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN
TABLE 99 OVERVIEW OF STRATEGIES ADOPTED BY KEY COMPANIES IN TFE MARKET
10.3 FIVE-YEAR COMPANY REVENUE ANALYSIS
FIGURE 39 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN TFE MARKET
10.4 MARKET SHARE ANALYSIS, 2021
TABLE 100 TFE MARKET: DEGREE OF COMPETITION
10.5 COMPANY EVALUATION QUADRANT
10.5.1 STARS
10.5.2 EMERGING LEADERS
10.5.3 PERVASIVE PLAYERS
10.5.4 PARTICIPANTS
FIGURE 40 TFE MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
10.6 STARTUP/SME EVALUATION QUADRANT, 2021
10.6.1 PROGRESSIVE COMPANIES
10.6.2 RESPONSIVE COMPANIES
10.6.3 DYNAMIC COMPANIES
10.6.4 STARTING BLOCKS
FIGURE 41 TFE MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
10.7 TFE MARKET: COMPANY PRODUCT FOOTPRINT
TABLE 101 PRODUCT FOOTPRINT OF COMPANIES
TABLE 102 VERTICAL FOOTPRINT OF COMPANIES
TABLE 103 APPLICATION FOOTPRINT OF COMPANIES
TABLE 104 REGIONAL FOOTPRINT OF COMPANIES
10.8 TFE MARKET: COMPETITIVE BENCHMARKING
TABLE 105 TFE MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 106 TFE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY VERTICAL
TABLE 107 TFE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY APPLICATION
TABLE 108 TFE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY REGION
10.9 COMPETITIVE SCENARIOS AND TRENDS
TABLE 109 TFE MARKET: PRODUCT LAUNCHES, JANUARY 2020–AUGUST 2022
TABLE 110 TFE MARKET: DEALS, JANUARY 2020–AUGUST 2022
11 COMPANY PROFILES
11.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
11.1.1 SAMSUNG SDI CO., LTD.
TABLE 111 SAMSUNG SDI: COMPANY OVERVIEW
FIGURE 42 SAMSUNG SDI: COMPANY SNAPSHOT
11.1.2 LG CHEM LTD.
TABLE 112 LG CHEM: COMPANY OVERVIEW
FIGURE 43 LG CHEM: COMPANY SNAPSHOT
11.1.3 3M
TABLE 113 3M: COMPANY OVERVIEW
FIGURE 44 3M: COMPANY SNAPSHOT
11.1.4 TOPPAN INC.
TABLE 114 TOPPAN INC.: COMPANY OVERVIEW
FIGURE 45 TOPPAN INC.: COMPANY SNAPSHOT
11.1.5 TORAY INDUSTRIES, INC.
TABLE 115 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW
FIGURE 46 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT
11.1.6 ERGIS GROUP
TABLE 116 ERGIS GROUP: COMPANY OVERVIEW
11.1.7 VEECO INSTRUMENTS INC.
TABLE 117 VEECO INSTRUMENTS: COMPANY OVERVIEW
FIGURE 47 VEECO INSTRUMENTS: COMPANY SNAPSHOT
11.1.8 UNIVERSAL DISPLAY CORP.
TABLE 118 UNIVERSAL DISPLAY CORP.: COMPANY OVERVIEW
FIGURE 48 UNIVERSAL DISPLAY CORP.: COMPANY SNAPSHOT
11.1.9 APPLIED MATERIALS, INC.
TABLE 119 APPLIED MATERIALS, INC.: COMPANY OVERVIEW
FIGURE 49 APPLIED MATERIALS, INC.: COMPANY SNAPSHOT
11.1.10 KATEEVA
TABLE 120 KATEEVA: COMPANY OVERVIEW
11.2 OTHER PLAYERS
11.2.1 TESA
11.2.2 AJINOMOTO FINE-TECHNO CO., INC.
11.2.3 COAT-X
11.2.4 BOREALIS AG
11.2.5 AMS TECHNOLOGIES
11.2.6 ANGSTROM ENGINEERING
11.2.7 BENEQ
11.2.8 ENCAPSULIX
11.2.9 LOTUS APPLIED TECHNOLOGY
11.2.10 BASF
11.2.11 HOLST CENTRE
11.2.12 SNU PRECISION
11.2.13 KYORITSU CHEMICAL & CORPORATION LIMITED
11.2.14 SAES GETTERS SPA
11.2.15 MBRAUN
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12 APPENDIX
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 CUSTOMIZATION OPTIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
According to the new market research report "Thin-Film Encapsulation (TFE) Market by Application (OLED Display, Lighting, Thin-Film Photovoltaics), Deposition Technology (Inorganic Layers (PECVD, ALD) and Organic Layers (Inkjet Printing and VTE)), and Geography - Global Forecast to 2023", The thin-film encapsulation market for materialsis expected to grow from USD 31.7 Million in 2018 to USD 101.1 Million by 2023, at a CAGR of 26.1% between 2018 and 2023.
The leading suppliers of thin-film encapsulation equipment and materials in the market are:
- Samsung SDI (Novaled) (South Korea),
- LG Chem (South Korea),
- Universal Display Corp. (UDC) (US),
- Applied Materials (US),
- 3M (US),
- Veeco Instruments (US),
- Kateeva (US),
- Toray Industries (Japan),
- BASF (Rolic) (Germany),
- Meyer Burger (Switzerland),
- Aixtron (Germany),
- Bystronic Glass (Germany),
- AMS Technologies (Germany), and
- Angstrom Engineering (Canada).
Key innovators profiled in this report include Beneq (Finland), Encapsulix (France), Lotus Applied Technology (US), Vitriflex (US), an Picdodeon (Finland).
The thin-film encapsulation market for materialscovers the thin-film organic and inorganic barriers used at the manufacturing level of flexible OLED displays, flexible OLED lighting, thin-film photovoltaics, and other products. The need for thin-film barriers in flexible and organic devices, trend of thin-film encapsulation using inkjet printing technology, and rapid adoption of flexible OLED displays for smartphones and smart wearables significantly drive the market growth. The growing investments in the OLED technology and manufacturing facilities and rising adoption of thin-film solar cells are likely to provide lucrative opportunities for the market players in the near future.
Rising demand for flexible OLED displays and flexible OLED lighting solutions is driving the growth of thin-film encapsulation market for materials
OLED displays accounted for the largest share of the thin-film encapsulation market for materials, in terms of value, in 2017. Samsung SDI and LG Chem develop thin-film encapsulation materials for flexible OLED displays. These companies are also working with thin-film encapsulation equipment suppliers, such as Kateeva and Applied Materials. The thin-film encapsulation market for materials in OLED lighting applications is expected to grow at the highest CAGR of 31.8% during the forecast period.
APAC is expected to hold the largest market share between 2018 and 2023
APAC accounted for the largest share of the thin-film encapsulation market for materials in 2017. Major display panel and brand product manufacturers are based in China, Japan, Taiwan, South Korea, and Hong Kong. South Korea witnessed the highest demand for thin-film encapsulation materials in 2017 owing to presence of industry leaders such as Samsung and LG Display in the country. Further, the demand for thin-film encapsulation materials from China is expected to increase rapidly during 2018-2023 as various Chinese players, such as BOE Technology and CSOT, are planning to construct facilities to manufacture flexible OLED panels.
