The report titled Global Thin Film Encapsulation Equipment and Materials Market – Outlook (2018-22) showcases an in-depth analysis of the Thin Film Encapsulation market and is classified on the basis of deposition technology, geography and application. This report forecasts the growth numbers from 2018 to 2022 (on a YoY basis) and have estimated the Compound Annual Growth Rate (CAGR) for the period.
Asia Pacific to grow with highest growth rate in during the period 2018-2022
Asia Pacific region is expected to be the fastest growing market in thin film encapsulation equipment and materials during the forecast period followed by Europe and the US. This is as a result of the presence of highly concentrated consumer electronics manufacturing industry in this region. When it comes to TFE Equipment, companies in the APAC region import TFE equipment from the US and Europe. These companies are involved in their own R&D operations as well. South Korea and Japan are major players in the TFE equipment and materials market in APAC region. With the emerging market for flexible electronics, there is a great potential for flexible TVs, mobile phones and transparent displays in matured economies like North America and Europe. New emerging flexible electronics market in developed countries, increase in disposable income in developing countries, cost reduction and efficient manufacturing of OLED device process due to significant investment in R&D are some of the driving factors of growth in thin film encapsulation equipment and materials industry. As flexible electronic components (OLED lights, transparent displays) are being more used in vehicles to improve safety, infotainment, navigation, and demand for TFE equipment will increase in the automotive market.
Asia-Pacific is expected to remain fastest growing regional market during the period of study due to changing life style preference, expanding middle class and increasing trend of using smart devices which drives the demand for consumer electronics like TV display, wearable devices, smart phones, computers, laptops etc. The Global Thin film encapsulation equipment and materials market is expected to grow at a CAGR of over 7% during the forecast period of 2018-2022.
Market Segments and Forecasts Covered in the Report
The global thin film encapsulation equipment and materials market is segmented by:
1. Geography (North America, South America, Europe, APAC, RoW)
2. Deposition technology Type (Organic & Inorganic)
3. Application Based Classification (Displays, Lightings and Photovoltaics)
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Uniqueness of this Report
1. In-depth segmentation of the Global Thin film encapsulation equipment and materials market
2. Market drivers, constraints, opportunity and challenges analysed
3. Market Metrics, Market Share, Porter’s Five Forces Analysis
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