The global thin film semiconductor deposition market is projected to grow at a CAGR of 15.48% to reach US$43.756 billion by 2026, from US$15.977 billion in 2019.
Thin film deposition is the technology of creating and depositing thin film coating- between a few nanometers to about 100 micrometers, or the thickness of a few atoms onto a substrate material or onto a previously deposited coating to form layers.
This thin-film semiconductor deposition can be used in many sectors of the industry such as the manufacturing and production of optoelectronics, solid-state, and medical devices and products, which includes medical implants, microanalysis and microscopy sample slides, precision optics, compound semiconductors, optical filters, LED displays, fiber lasers, semiconductor lasers, and consumer electronics.
The growing use of thin-film semiconductor deposition in various sectors of the industry and the development in thin-film deposition technology will drive its growth in the forecast period. The application of thin film deposition has surged with the rise in the demand for flexible electronics and thin-film solar panels. Moreover, the application of thin-film semiconductors is vast as they are used in solar panels, DRAMs, microprocessors. Also, with the growing demand for sensors in the smartphone industry, household appliances, aircraft, and the automotive are expected to create numerous growth opportunities for thin film deposition in the upcoming years.
Recently, First Solar, a leading global provider of comprehensive PV solar solutions have signed up for making “Make in India” with 3.3 GW manufacturing facilities in India which will lead to an increase in the supply of thin-film semiconductors as they are known for not using a crystalline silicon (c-Si) semiconductor. This project will enhance the use of thin-film semiconductor deposition and will lead to the overall growth of this market in the upcoming years.
The global thin film semiconductor deposition market by end-use industry is segmented into communication and technology, consumer electronics, energy and power, aerospace and defense, automotive, and others. The thin-film semiconductor deposition market is anticipated to grow due to its large demand and application in the electronic industry, increasing demand for thin-film semiconductors in PCs, smartphones, and OLED displays. Also, the growing demand for electronic gadgets and home appliances are some of the prime reasons for the growth in this industry.
By technology, the global thin-film semiconductor deposition market is segmented into chemical vapor deposition (CVD), physical vapor deposition (PVD), and others. Chemical vapor deposition (CVD) is highly used owing to its low manufacturing cost, easier manufacturing process, and extensive use in the fastest growing photovoltaic technology. The growth is driven by the increasing demand for microelectronic components, electronic devices, and the expanding usage of sensors for smartphones.
By application, the global thin-film semiconductor deposition market is segmented into DRAMs, Solar Panels, Microprocessors, wearable technologies, and many others. However, the energy and power industry is anticipated to grow among others owing to the replacement of conventional silicon with thin-film semiconductors on the panels.
Geographical, the Asia Pacific region will be the fastest-growing region owing to the presence of the largest electronic equipment producers’ industry and consumers in the region. Also, this region has invested in solar power and electronic giants setting up manufacturing factories which leads to the growth in the thin film semiconductor deposition market.
One of the major reasons for the growth of this industry is the use of thin films over conventional silicon, as conventional silicon has been lower in price and has high efficiency but certain studies have shown thin film having a greater efficiency over traditional silicon. Also, thin-film has a flexible structure, less space requirement, and is light in weight which gives an edge over conventional silicon. The impending need for circuit miniaturization and low power consumption are two major factors leading to the growth in major sectors of the industry.
The initial investment required for setting up a manufacturing facility of thin-film semiconductor deposition is high due to which it restricts new entrants entering the industry and also hampers the growth of this industry. The cost-driving factors of components used in thin film deposition are sputtering systems, evaporation systems, and pulse laser deposition (PLD) systems Also, the increasing cost of raw materials has acted as a barrier to the growth of this industry.
The COVID-19 pandemic has had a great impact on the world as a whole and has led to economic breakdown and loss of life. The impact of COVID-19 on the global thin-film semiconductor deposition market has been negative as due to the lockdown and travel and trade restrictions imposed by the governments, worldwide the manufacturing unit was forced to be shut due to which the production of thin-film semiconductor depositors saw a sharp decline. The pandemic has disrupted the supply chain and decreased sales of thin-film semiconductor depositors accounting for a negative impact on the industry. Furthermore, the end-user industries were forced to limit their production capacity, which impacted the demand for these thin film depositors which overall impacted this industry. The huge impact on the consumer electronic market, being one of the major contributors to the growth of the industry will lead to a negative impact on the thin film semiconductor deposition market.
Thin film deposition is the technology of creating and depositing thin film coating- between a few nanometers to about 100 micrometers, or the thickness of a few atoms onto a substrate material or onto a previously deposited coating to form layers.
This thin-film semiconductor deposition can be used in many sectors of the industry such as the manufacturing and production of optoelectronics, solid-state, and medical devices and products, which includes medical implants, microanalysis and microscopy sample slides, precision optics, compound semiconductors, optical filters, LED displays, fiber lasers, semiconductor lasers, and consumer electronics.
Driving Factors
The growing use of thin-film semiconductor deposition in various sectors of the industry and the development in thin-film deposition technology will drive its growth in the forecast period. The application of thin film deposition has surged with the rise in the demand for flexible electronics and thin-film solar panels. Moreover, the application of thin-film semiconductors is vast as they are used in solar panels, DRAMs, microprocessors. Also, with the growing demand for sensors in the smartphone industry, household appliances, aircraft, and the automotive are expected to create numerous growth opportunities for thin film deposition in the upcoming years.
Recently, First Solar, a leading global provider of comprehensive PV solar solutions have signed up for making “Make in India” with 3.3 GW manufacturing facilities in India which will lead to an increase in the supply of thin-film semiconductors as they are known for not using a crystalline silicon (c-Si) semiconductor. This project will enhance the use of thin-film semiconductor deposition and will lead to the overall growth of this market in the upcoming years.
Market Segmentation
The global thin film semiconductor deposition market by end-use industry is segmented into communication and technology, consumer electronics, energy and power, aerospace and defense, automotive, and others. The thin-film semiconductor deposition market is anticipated to grow due to its large demand and application in the electronic industry, increasing demand for thin-film semiconductors in PCs, smartphones, and OLED displays. Also, the growing demand for electronic gadgets and home appliances are some of the prime reasons for the growth in this industry.
By technology, the global thin-film semiconductor deposition market is segmented into chemical vapor deposition (CVD), physical vapor deposition (PVD), and others. Chemical vapor deposition (CVD) is highly used owing to its low manufacturing cost, easier manufacturing process, and extensive use in the fastest growing photovoltaic technology. The growth is driven by the increasing demand for microelectronic components, electronic devices, and the expanding usage of sensors for smartphones.
By application, the global thin-film semiconductor deposition market is segmented into DRAMs, Solar Panels, Microprocessors, wearable technologies, and many others. However, the energy and power industry is anticipated to grow among others owing to the replacement of conventional silicon with thin-film semiconductors on the panels.
Geographical, the Asia Pacific region will be the fastest-growing region owing to the presence of the largest electronic equipment producers’ industry and consumers in the region. Also, this region has invested in solar power and electronic giants setting up manufacturing factories which leads to the growth in the thin film semiconductor deposition market.
Growth Factors
The superiority of thin film over traditional silicon
One of the major reasons for the growth of this industry is the use of thin films over conventional silicon, as conventional silicon has been lower in price and has high efficiency but certain studies have shown thin film having a greater efficiency over traditional silicon. Also, thin-film has a flexible structure, less space requirement, and is light in weight which gives an edge over conventional silicon. The impending need for circuit miniaturization and low power consumption are two major factors leading to the growth in major sectors of the industry.
Restraints
Huge Initial investment and increasing cost of raw materials
The initial investment required for setting up a manufacturing facility of thin-film semiconductor deposition is high due to which it restricts new entrants entering the industry and also hampers the growth of this industry. The cost-driving factors of components used in thin film deposition are sputtering systems, evaporation systems, and pulse laser deposition (PLD) systems Also, the increasing cost of raw materials has acted as a barrier to the growth of this industry.
Impact of COVID-19 on the thin film semiconductor deposition market
The COVID-19 pandemic has had a great impact on the world as a whole and has led to economic breakdown and loss of life. The impact of COVID-19 on the global thin-film semiconductor deposition market has been negative as due to the lockdown and travel and trade restrictions imposed by the governments, worldwide the manufacturing unit was forced to be shut due to which the production of thin-film semiconductor depositors saw a sharp decline. The pandemic has disrupted the supply chain and decreased sales of thin-film semiconductor depositors accounting for a negative impact on the industry. Furthermore, the end-user industries were forced to limit their production capacity, which impacted the demand for these thin film depositors which overall impacted this industry. The huge impact on the consumer electronic market, being one of the major contributors to the growth of the industry will lead to a negative impact on the thin film semiconductor deposition market.
Segmentation:
By Technology
- Chemical Vapor Deposition (CVD)
- Physical Vapor Deposition (PVD)
- Others
By Applications
- DRAMs
- Solar Panels
- Microprocessors
- Wearable Technologies
- Others
By Industry
- Communication and Technology
- Consumer Electronics
- Energy and Power
- Aerospace and Defense
- Automotive
- Others
By Geography
- North America
- USA
- Canadá
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- UK
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- India
- South Korea
- Thailand
- Taiwan
- Indonesia
- Japan
- Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. GLOBAL THIN FILM SEMICONDUCTOR MARKET, BY TECHNOLOGY
6. GLOBAL THIN FILM SEMICONDUCTOR MARKET, BY APPLICATION
7. GLOBAL THIN FILM SEMICONDUCTOR MARKET, BY INDUSTRY
8. GLOBAL THIN FILM SEMICONDUCTOR MARKET, BY GEOGRAPHY
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
10. COMPANY PROFILES
Companies Mentioned
- Hitachi Kokusai Electric Inc.
- Sumco Corporation
- Tokyo Electron
- Oerikon Solar
- Shin-Etsu Chemica Co.
- Applied Materials Inc.
- Lam Research
- Aixtron
- CVD Equipment Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 118 |
| Published | November 2021 |
| Forecast Period | 2019 - 2026 |
| Estimated Market Value ( USD | $ 15.98 billion |
| Forecasted Market Value ( USD | $ 43.76 billion |
| Compound Annual Growth Rate | 15.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
