Thin Film Encapsulation Market: By Application, By End-User, By Technology, and Region Forecast 2019-2030

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Thin Film Encapsulation Market Size, Share, Growth, Trends, and Global Industry Analysis: By Application (Printed Circuit Board, Sensors, and Microsystems), By End-User (Medical Device Manufacturers, Aerospace, Electrical Cars, and Others), By Technology (PECVD, ALD, Inkjet Printing, VTE, and Others), and Region Forecast 2019-2030

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Thin Film Encapsulation Market size was valued at US$ 218.8 million in 2023, growing at a significant CAGR of 18.7% from 2024-2030. Demand for microelectronics and consumer electronics products drives the market. The evolution of microelectronics technology, a wide range of applications for various products in the electronics industry, and applications to other sectors are expected to fuel the market. The major changes include a higher level of product integration, better product performance, reliability, and reduced costs expected to drive microelectronics demand.

The encapsulation enables the expansion of the lifetime considerably. Good encapsulation relies on good-quality thin films. Widely used deposition methods are PECVD, atomic layer deposition (ALD), and parylene deposition. During the projection period, demand for semiconductor ICs is likely to be fueled by an increase in microelectronics and consumer electronics sales. The rising need for semiconductor integrated circuits is expected to boost semiconductor device manufacturers' production capacity, which could boost market demand. In 2022, the microsystems segment accounted for a larger revenue share and was projected to grow with a CAGR of 19.2% from 2023 to 2029 to reach US$ 254.3 mn by 2029.

Thin Film Encapsulation Market Key Developments

  • In Mar 2019, Beneq has propelled new ALD coatings anti-erosion application as traditional metal oxide isn't thin enough to ensure against fluorine. The organization is putting forth a single layer or a multilayer or blended material explicitly for improving anti-corrosive properties.
  • In December 2021, Beneq broadens its product portfolio further with launch of two new distinct solutions: the Transform® 300 and ProdigyTM.
  • In April 2022, Applied Materials, Inc. introduced innovations that help customers continue 2D scaling with EUV and detailed the industrys broadest portfolio of technologies for manufacturing next-generation 3D Gate-All-Around transistors.

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Thin Film Encapsulation Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

18.7%

Largest Market

Asia Pacific

Fastest Growing Market

North America

Thin Film Encapsulation Market Dynamics

The global thin film encapsulation market has been propelled by an increase in the need for thin-film barriers in various flexible devices, a surge in the adoption rate of flexible OLED displays for smart devices, and increased capital investments in OLED technology. On the other side, a lack of technological understanding and the spread of flexible glass technology could hinder the global industry.

Thin Film Encapsulation Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 218.8 million

Market CAGR

18.7%

By Application

  • Printed Circuit Board
  • Sensors
  • Microsystems

By Technology

  • PECVD
  • ALD
  • Inkjet Printing
  • VTE
  • Others

By End User

  • Medical Device Manufacturers
  • Aerospace
  • Electrical Cars
  • Others

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The thin film encapsulation market report provides granular level information about the market size, regional market share and forecast.
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startups details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis

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Frequently Asked Questions

The global thin film encapsulation market size was valued at US$ 218.8 million in 2023 and is expected to grow at a 18.7% CAGR from 2024 to 2030.

The key player of the market are Samsung SDI, LG Chem, Universal Display Corp., Applied Materials, Veeco Instruments

North America is the fastest-growing region for the market.

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1.Executive Summary
2.Global Thin Film Encapsulation Market Introduction 
2.1.Global Thin Film Encapsulation Market  - Taxonomy
2.2.Global Thin Film Encapsulation Market  - Definitions
2.2.1.Application 
2.2.2.Technology
2.2.3.End User
2.2.4.Region
3.Global Thin Film Encapsulation Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Thin Film Encapsulation Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Thin Film Encapsulation Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Printed Circuit Board
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Sensors
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Microsystems
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Thin Film Encapsulation Market  By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. PECVD
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. ALD
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Inkjet Printing
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. VTE
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Others
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
7.Global Thin Film Encapsulation Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Medical Device Manufacturers
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Aerospace
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Electrical Cars
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Others
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8.Global Thin Film Encapsulation Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Thin Film Encapsulation Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Application  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Printed Circuit Board
9.1.2.Sensors
9.1.3.Microsystems
9.2.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.PECVD
9.2.2.ALD
9.2.3.Inkjet Printing
9.2.4.VTE
9.2.5.Others
9.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Medical Device Manufacturers
9.3.2.Aerospace
9.3.3.Electrical Cars
9.3.4.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Thin Film Encapsulation Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Application  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Printed Circuit Board
10.1.2.Sensors
10.1.3.Microsystems
10.2.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.PECVD
10.2.2.ALD
10.2.3.Inkjet Printing
10.2.4.VTE
10.2.5.Others
10.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Medical Device Manufacturers
10.3.2.Aerospace
10.3.3.Electrical Cars
10.3.4.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
 
11.Asia Pacific (APAC) Thin Film Encapsulation Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Application  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Printed Circuit Board
11.1.2.Sensors
11.1.3.Microsystems
11.2.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.PECVD
11.2.2.ALD
11.2.3.Inkjet Printing
11.2.4.VTE
11.2.5.Others
11.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Medical Device Manufacturers
11.3.2.Aerospace
11.3.3.Electrical Cars
11.3.4.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Thin Film Encapsulation Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Application  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Printed Circuit Board
12.1.2.Sensors
12.1.3.Microsystems
12.2.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.PECVD
12.2.2.ALD
12.2.3.Inkjet Printing
12.2.4.VTE
12.2.5.Others
12.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Medical Device Manufacturers
12.3.2.Aerospace
12.3.3.Electrical Cars
12.3.4.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Thin Film Encapsulation Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Application  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Printed Circuit Board
13.1.2.Sensors
13.1.3.Microsystems
13.2.  Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.PECVD
13.2.2.ALD
13.2.3.Inkjet Printing
13.2.4.VTE
13.2.5.Others
13.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Medical Device Manufacturers
13.3.2.Aerospace
13.3.3.Electrical Cars
13.3.4.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Samsung SDI.
14.2.2.LG Chem.
14.2.3.Universal Display Corp. (UDC).
14.2.4.Applied Materials.
14.2.5.3M
14.2.6.Veeco Instruments.
14.2.7.Kateeva
14.2.8.Angstrom Engineering
14.2.9.Toray Industries, Inc.
14.2.10.Meyer Burger Technology Ltd.
14.2.11.AMS Technologies AG
14.2.12.Beneq
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • Samsung SDI.
  • LG Chem.
  • Universal Display Corp. (UDC).
  • Applied Materials.
  • 3M
  • Veeco Instruments.
  • Kateeva
  • Angstrom Engineering
  • Toray Industries, Inc.
  • Meyer Burger Technology Ltd.
  • AMS Technologies AG
  • Beneq

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