DUBLIN--(BUSINESS WIRE)--The "Global 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 - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
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.
Market Dynamics
Drivers
- Growing Use of Thin-Film Barriers in Flexible and Organic Electronic Devices
- Rising Trend of TFE Using Inkjet Printing Technology
- Integration of Flexible Oled Displays into Smartphones and Smart Wearables
- Rising Investments in Building New Facilities to Manufacture Oled Panels
- Increased Application of Oled Displays in Ar/Vr Headsets
Restraints
- High Capital Expenditure Associated with Tfe
Opportunities
- Rising Demand for Highly Efficient Thin Solar Cells
- Increasing Applications of Smart Mirrors in Smart Homes
Challenges
- Complex Value Chain Structure
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 TFE Market, by Deposition Type
7 TFE Market, by Application
8 TFE Market, by Vertical
9 TFE Market, by Region
10 Competitive Landscape
11 Company Profiles
12 Appendix
Companies Mentioned
- 3M
- Tesa
- Coat-X
- Beneq
- Basf
- Mbraun
- Toppan Inc.
- Kateeva
- Lotus Applied Technology
- Holst Centre
- Ams Technologies
- Applied Materials, Inc.
- Snu Precision
- Saes Getters Spa
- Samsung Sdi Co., Ltd.
- Ergis Group
- Toray Industries, Inc.
- Veeco Instruments Inc.
- Borealis Ag
- Lg Chem Ltd.
- Angstrom Engineering
- Ajinomoto Fine-Techno Co., Inc.
- Universal Display Corp.
- Kyoritsu Chemical & Corporation Limited
- Encapsulix
For more information about this report visit https://www.researchandmarkets.com/r/b5u16l
