Thick film technology is widely used in the manufacturing process of the devices, such as electronic and electrical devices. However, the technical aspect of both the technologies over devices is radiantly different. The tolerance and temperature coefficient of thick film devices are higher than that of a thin film, which is likely to boost the market growth over the forecast period. Furthermore, thick films are relatively more resistant to the moisture owing to their glass-like structure which is expected to bolster the market growth over the projected period.
Growing Demand for Electronic and Electrical Components
Adoption of electrical and electronic devices are booming across the globe wherein the utilization of thick film devices is vital owing to which it is expected to witness high demand. Moreover, the rising demand for solar cells and flexible devices such as sensors are expected to propel the thick film devices market growth over the next six years. Additionally, the government across the globe is highly focused on investment in infrastructure and communication projects which will certainly fuel the demand for thick film devices thereby fostering the market growth.
Asia Pacific to Witness the Highest Growth
Asia Pacific countries such as India and China are rigorously investing in their public and private infrastructure and communication system, which is expected to have a positive impact on the market growth over the forecast period. Additionally, the emerging economies of these countries along with Singapore and Thailand is projected to impact the market growth positively. India is promoting “Make in India” campaign encouraging 100% foreign direct investment, which can be an opportunity to penetrate into the thick film devices market.
Key Developments in the Market
- January 2018 - Ferro Techniek launched FTH XL, a flow through heater based on thick film technology, which has a max capacity of 3400W at 230V. This is expected to attract wide range of consumers and bring high influx of revenue
Reasons to Purchase this Report
- The future prospect of the thick film devices market and opportunities
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Regional analysis of the market
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate Sheet (in Excel)
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1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Industry Value Chain
4.3 Factors Driving the Market
4.3.1 Growing Demand for Electronic and Electrical Components
4.4 Factors Restraining the Market
4.4.1 Stringent Government Regulations and High Investment Cost
4.5 Industry Attractiveness – Porter's Five Industry Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products or Services
4.5.5 Competitive Rivalry among Existing Competitors
5. Global Thick Film Devices Market Segmentation
5.1 By Application
5.1.3 Photovoltaic cells
5.1.5 Circuit devices
5.1.6 Others (Rigid displays, Flexible displays, Piezoelectric devices)
5.2 By End-user Vertical
5.2.2 Consumer Electronics
5.2.5 Others (Computers and Peripherals)
5.3 By Geography
5.3.1 North America
5.3.4 Rest of the World
6. Competitive Intelligence – Company Profiles
6.1 Thick Film Technologies
6.2 Corintech Ltd
6.3 Micro-Precision Technologies
6.4 NORITAKE CO.,LIMITED
6.6 Ferro Techniek BV
6.7 ELCERAM a.s.
6.8 CMS Circuit Solutions, Inc.
6.9 Applied Technologies, Inc.
6.10 PICONICS, INC.
*List Not Exhaustive
7. Investment Analysis
8. Opportunities in Global Thick Film Devices Market