The increasing R&D investment in the OLED manufacturing facilities is expected to boost the global Thin-Film Encapsulation market, says Fortune Business Insights in a report, titled “Thin-Film Encapsulation Market Size, Share and Global Trend By Deposition Technology (Inorganic Layer, Organic Layer), By Application (Flexible OLED Display, Flexible OLED Lighting, Thin-Film Photovoltaic, Others) and Geography Forecast till 2027.” The growing utilization of inkjet printing technology is expected to propel the growth of the market.
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1. By Deposition Technology
- Inorganic Layer
- Organic Layer
- Inkjet Printing
- Vacuum Thermal Printing
2. By Application
- Flexible OLED Display
- Smart Wearable
- Television and Large Format Display
- Flexible OLED Lightning
- Thin-Film Photovoltaic
3. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
As per the report, the organic layer segment is expected to witness high growth during the forecast period owing to the wide use of Thin-Film Encapsulation in inkjet printing. The increasing demand for inkjet printing from various sectors like commercial, education, and others is expected to boost the growth of the segment. The flexible OLED display is expected to account for a maximum share during the forecast period owing to its extensive application in the automobile sector. The flexible OLED display is more effective as compared to incandescent lighting. This factor will further aid the segment and boost the market during the forecast period.
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Below Listed Are the Recent Development In Thin-Film Encapsulation Market
- August 2018: JOLED has announced that to sign an agreement with Screen Fintech Solutions and Panasonic Production Engineering to co-develop, manufacture and sell printing equipment for large area OLED.
- February 2017: BASF acquires the private firm Rolic AG in Allschwil, Switzerland. This acquisition will help both the company to create new opportunities for co-developing next-generation LCD and OLED displays featuring higher resolution
The report provides detailed information regarding projected, current, and historical the market size from the viewpoint of both capacity and rate. It offers data regarding the developing niche segments and the condition of regional markets. It further mentions all the noteworthy changes occurring in the market.
Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Market.
Some of the Major Companies in the Global Thin-Film Encapsulation Market are:
- Samsung SDI
- LG Chem
- Universal Display Corporation
- Applied Materials
- Toray Industries, Inc.
- Meyer Burger Technology Ltd.
- Aixtron SE
- Bystronic Glass
- AMS Technologies AG
- JOLED and
- Angstrom Engineering Inc.
Presence of Manufacturing Hubs for Electronics Appliances Will Stimulate Growth in the Asia Pacific
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific holds the largest share in the Thin-Film Encapsulation market owing to the manufacturing hub for electronics appliances in countries such as China, Japan, South Korea. The growing investment by various companies such as CSOT and BOE technology for the construction of manufacturing plants in China for the manufacturing of OLED panels. In Europe, countries such as Russia and Germany are major manufacturers of the automotive sector. This factor will enable growth in Europe. The increasing investment for OLED lighting solutions will create growth opportunities in the region. In North America, Thin-Film Encapsulation is highly dominated by the presence of solar cell developers. Most of the automobile companies worked together with the lighting manufacturer to create OLED lighting solutions for vehicles in the region. These factors together will aid growth in North America.
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Major Table of Content For Thin-Film Encapsulation Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Thin-Film Encapsulation Market Analysis, Insights and Forecast, 2027
- North America Thin-Film Encapsulation Market Analysis, Insights and Forecast, 2027
- Europe Thin-Film Encapsulation Market Analysis, Insights and Forecast, 2027
- Asia Pacific Thin-Film Encapsulation Market Analysis, Insights and Forecast, 2027
- The Middle East and Africa Thin-Film Encapsulation Market Analysis, Insights and Forecast, 2027
- Latin America Thin-Film Encapsulation Market Analysis, Insights and Forecast, 2027
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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