출판 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2022년11월
박막 봉지(TFE: Thin Film Encapsulation) 시장 : 용도(유기 EL 디스플레이, OLED 조명 및 박막 태양전지), 증착 유형(무기층(PECVD, ALD), 유기층(잉크젯 인쇄, VTE), 수직, 지역별 – 2027년까지의 세계 예측
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 – Global Forecast to 2027
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| 구성 | 영문조사보고서 |
| 가격 |
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.
박막 봉지(TFE) 시장은 2022년 9,200만 달러에서 2027년까지 미화 2억 2,300만 달러; 2022년부터 2027년까지 CAGR 19.4%로 성장할 것으로 예상됩니다.
박막 봉지(TFE) 시장의 성장은 유연한 유기 전자 장치에서 박막 장벽의 사용 증가와 잉크젯 인쇄 기술을 사용하는 TFE의 증가 추세에 기인할 수 있습니다.
“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.
Breakdown of the profile of primary participants:
• By Company Type: Tier 1 – 30%, Tier 2 – 50%, and Tier 3 – 20%
• By Designation: C-level Executives – 30%, Directors – 45%, Others – 25%
• By Region: North America – 20%, Europe – 30%, Asia Pacific – 45%, and RoW – 5%
Key players in the thin-film encapsulation (TFE) market are Samsung SDI Co., Ltd. (South Korea); LG Chem (South Korea); 3M (US); Toppan Inc. (Japan); Ergis Group (Poland); Veeco Instruments Inc. (US); Universal Display Corporation (US); Applied Materials, Inc. (US); Kateeva (US); Toray Industries, Inc. (Japan); tesa (Germany); Ajinomoto Fine-Techno Co., Inc. (Japan); Coat-X (Switzerland); and Borealis AG (Austria).
Research Coverage
Based on deposition type, the TFE market has been segmented into inorganic layer deposition and organic layer deposition. Based on application, the TFE market has been segmented into flexible OLED display, flexible OLED lighting, thin-film photovoltaics, and others. Based on vertical, the TFE market has been segmented into consumer electronics, automotive, sports and entertainment, transportation, retail, hospitality, and BFSI, industrial and enterprise, education, healthcare, aerospace and defense, and others. Based on region, the TFE market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).
Reasons to Buy Report
The report would help market leaders/new entrants in the following ways:
1. This report segments the TFE market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across deposition types, applications, verticals, and regions.
2. The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities.
3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape provides market share analysis and company evaluation quadrant for the key players operating in the TFE market.
목차
1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 INCLUSIONS AND EXCLUSIONS 25
1.4 STUDY SCOPE 26
1.4.1 MARKETS COVERED 26
FIGURE 1 TFE MARKET: SEGMENTATION 26
1.4.2 REGIONAL SCOPE 27
1.5 YEARS CONSIDERED 27
1.6 CURRENCY CONSIDERED 27
1.7 UNIT CONSIDERED 28
1.8 LIMITATIONS 28
1.9 STAKEHOLDERS 28
1.10 SUMMARY OF CHANGES 29
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
FIGURE 2 TFE MARKET SIZE ESTIMATION AND PROCESS FLOW 30
FIGURE 3 TFE MARKET: RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 32
2.1.1.1 Key data from secondary sources 32
2.1.2 PRIMARY DATA 32
2.1.2.1 Primary interviews with experts 33
2.1.2.2 Key data from primary sources 33
2.1.2.3 Key industry insights 34
2.1.2.4 Breakdown of primaries 34
2.1.3 SECONDARY AND PRIMARY RESEARCH 35
2.2 MARKET SIZE ESTIMATION 35
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED FROM SALES OF TFE IN 2021 36
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE): ESTIMATION OF TFE MARKET SIZE, BY APPLICATION 36
2.2.1 BOTTOM-UP APPROACH 37
2.2.1.1 Approach for deriving market size using bottom-up analysis
(demand side) 37
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 37
2.2.2 TOP-DOWN APPROACH 37
2.2.2.1 Approach for deriving market size using top-down analysis do
(supply side) 38
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 38
2.2.3 MARKET SHARE ESTIMATION 38
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 39
FIGURE 8 MARKET BREAKDOWN AND DATA TRIANGULATION 39
2.4 RESEARCH ASSUMPTIONS 40
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY 40
2.4.1 GROWTH RATE ASSUMPTIONS/FORECASTS 40
2.5 LIMITATIONS 41
2.6 RISK ASSESSMENT 41
3 EXECUTIVE SUMMARY 42
FIGURE 9 FLEXIBLE OLED DISPLAY TO BE LARGEST SEGMENT OF TFE MARKET DURING FORECAST PERIOD 43
FIGURE 10 ASIA PACIFIC TFE MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 44
4 PREMIUM INSIGHTS 45
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS OPERATING IN TFE MARKET 45
FIGURE 11 HIGH DEMAND FOR TFE IN CONSUMER ELECTRONICS VERTICAL 45
4.2 TFE MARKET, BY DEPOSITION TECHNOLOGY 45
FIGURE 12 ORGANIC LAYERS DEPOSITION SEGMENT TO HOLD LARGER SHARE OF TFE MARKET DURING FORECAST PERIOD 45
4.3 TFE MARKET, BY VERTICAL 46
FIGURE 13 CONSUMER ELECTRONICS SEGMENT TO HOLD MAJORITY OF MARKET SHARE IN 2027 46
4.4 TFE MARKET, BY FLEXIBLE OLED DISPLAY APPLICATION 46
FIGURE 14 SMARTPHONES SEGMENT TO HOLD LARGEST SHARE OF TFE MARKET FOR FLEXIBLE OLED DISPLAY DURING FORECAST PERIOD 46
4.5 ASIA PACIFIC TFE MARKET, BY COUNTRY AND VERTICAL 47
FIGURE 15 CONSUMER ELECTRONICS AND SOUTH KOREA TO HOLD MAJOR SHARES OF ASIA PACIFIC TFE MARKET IN 2022 47
4.6 TFE MARKET, BY COUNTRY 47
FIGURE 16 CHINA TO EXHIBIT HIGHEST CAGR IN TFE MARKET DURING FORECAST PERIOD 47
5 MARKET OVERVIEW 48
5.1 INTRODUCTION 48
5.2 MARKET DYNAMICS 48
FIGURE 17 TFE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 48
5.2.1 DRIVERS 49
FIGURE 18 TFE MARKET: DRIVERS AND THEIR IMPACT 49
5.2.1.1 Growing use of thin-film barriers in flexible and organic electronic devices 49
5.2.1.2 Rising trend of TFE using inkjet printing technology 50
5.2.1.3 Integration of flexible OLED displays into smartphones and smart wearables 50
5.2.1.4 Rising investments in building new facilities to manufacture OLED panels 51
5.2.1.5 Increased application of OLED displays in AR/VR headsets 51
5.2.2 RESTRAINTS 52
FIGURE 19 TFE MARKET: RESTRAINTS AND THEIR IMPACT 52
5.2.2.1 High capital expenditure associated with TFE 52
5.2.3 OPPORTUNITIES 52
FIGURE 20 TFE MARKET: OPPORTUNITIES AND THEIR IMPACT 52
5.2.3.1 Rising demand for highly efficient thin solar cells 53
5.2.3.2 Increasing applications of smart mirrors in smart homes 53
5.2.4 CHALLENGES 54
FIGURE 21 TFE MARKET: CHALLENGES AND THEIR IMPACT 54
5.2.4.1 Complex value chain structure 54
5.3 VALUE CHAIN ANALYSIS 55
FIGURE 22 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS AND TFE SYSTEM INTEGRATORS 55
5.4 ECOSYSTEM ANALYSIS 56
FIGURE 23 TFE MARKET: ECOSYSTEM ANALYSIS 56
TABLE 2 TFE MARKET: ROLE IN ECOSYSTEM 57
5.5 TECHNOLOGY ANALYSIS 58
5.6 PATENT ANALYSIS 58
FIGURE 24 NUMBER OF PATENTS FILED PER YEAR, 2012–2021 58
FIGURE 25 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 59
TABLE 3 LIST OF TOP PATENT OWNERS IN LAST 10 YEARS 59
5.6.1 TFE MARKET: LIST OF MAJOR PATENTS 59
TABLE 4 TFE MARKET: LIST OF MAJOR PATENTS 59
5.7 CASE STUDY ANALYSIS 62
5.7.1 BENEQ PROVIDES TFE FOR OLED LIGHTING 62
5.7.2 MEYER BURGER OFFERS INKJET + PECVD OLED ENCAPSULATION SYSTEM FOR FLEXIBLE OLEDS 62
5.7.3 AGORIA SOLAR TEAM USES BOREALIS’ QUENTYS-GRADE FILMS TO ENCAPSULATE AND PROTECT SOLAR CELLS MOUNTED ON RACING CARS 63
5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 63
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES IN TFE MARKET 63
5.9 TRADE ANALYSIS 64
FIGURE 27 IMPORT DATA FOR HS CODE 848620, BY COUNTRY, 2017–2021 64
FIGURE 28 EXPORT DATA FOR HS CODE 848620, BY COUNTRY, 2017–2021 65
5.10 PORTER’S FIVE FORCES ANALYSIS 65
TABLE 5 TFE MARKET: PORTER’S FIVE FORCES ANALYSIS 65
5.10.1 INTENSITY OF COMPETITIVE RIVALRY 66
5.10.2 BARGAINING POWER OF SUPPLIERS 66
5.10.3 BARGAINING POWER OF BUYERS 66
5.10.4 THREAT OF SUBSTITUTES 66
5.10.5 THREAT OF NEW ENTRANTS 66
5.11 TARIFF ANALYSIS 67
TABLE 6 TARIFF IMPOSED ON PRODUCTS UNDER HS CODE 848620 EXPORTED BY SOUTH KOREA 67
TABLE 7 TARIFF IMPOSED ON PRODUCTS UNDER HS CODE 848620 EXPORTED BY US 67
TABLE 8 TARIFF IMPOSED ON PRODUCTS UNDER HS CODE 848620 EXPORTED BY CHINA 67
5.12 STANDARDS AND REGULATORY LANDSCAPE 68
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 69
TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 69
TABLE 12 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70
5.12.2 STANDARDS 71
5.12.3 RESTRICTION OF HAZARDOUS SUBSTANCES (ROHS) AND WASTE ELECTRICAL AND ELECTRONIC EQUIPMENT (WEEE) DIRECTIVES 71
5.12.4 REGISTRATION, EVALUATION, AUTHORIZATION, AND RESTRICTION OF CHEMICALS (REACH) 72
5.12.5 GENERAL DATA PROTECTION REGULATION (GDPR) 72
5.12.6 IMPORT–EXPORT LAWS 72
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 73
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 73
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TOP 3 VERTICALS 73
TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TOP 3
VERTICALS (%) 73
5.13.2 BUYING CRITERIA 74
FIGURE 30 KEY BUYING CRITERIA FOR TOP 3 VERTICALS 74
TABLE 14 KEY BUYING CRITERIA FOR TOP 3 VERTICALS 74
5.14 PRICING ANALYSIS 75
5.14.1 AVERAGE SELLING PRICE OF TFE OFFERED BY MAJOR MARKET PLAYERS TO TOP THREE VERTICALS 75
FIGURE 31 AVERAGE SELLING PRICE OF TFE OFFERED BY MAJOR MARKET PLAYERS TO TOP THREE VERTICALS 75
TABLE 15 AVERAGE SELLING PRICE OF TFE OFFERED BY MAJOR MARKET PLAYERS TO TOP THREE VERTICALS 75
5.15 KEY CONFERENCES AND EVENTS, 2022–2023 76
TABLE 16 TFE MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 76
6 TFE MARKET, BY DEPOSITION TYPE 77
6.1 INTRODUCTION 78
FIGURE 32 TFE MARKET FOR INORGANIC LAYER DEPOSITION SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 78
TABLE 17 TFE MARKET, BY DEPOSITION TYPE, 2018–2021 (USD MILLION) 78
TABLE 18 TFE MARKET, BY DEPOSITION TYPE, 2022–2027 (USD MILLION) 79
6.2 INORGANIC LAYER DEPOSITION 79
TABLE 19 INORGANIC LAYER DEPOSITION: TFE MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION) 79
TABLE 20 INORGANIC LAYER DEPOSITION: TFE MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION) 79
6.2.1 PECVD 80
6.2.1.1 Deposits substrates at a lower temperature 80
6.2.2 ALD 80
6.2.2.1 Demand for ALD-based equipment to deposit barrier films on thermally fragile or flexible substrates 80
6.2.3 SPUTTERING 80
6.2.3.1 Provides improved sputter protection of organic materials used in flexible electronic devices 80
6.3 ORGANIC LAYER DEPOSITION 81
TABLE 21 ORGANIC LAYER DEPOSITION: TFE MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION) 81
TABLE 22 ORGANIC LAYER DEPOSITION: TFE MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION) 81
6.3.1 INKJET PRINTING 82
6.3.1.1 Helps in high-volume production of organic electronic devices with TFE 82
6.3.2 VACUUM THERMAL EVAPORATION (VTE) 82
6.3.2.1 Used to deposit metals on OLEDs, solar cells, and thin-film transistors 82
7 TFE MARKET, BY APPLICATION 83
7.1 INTRODUCTION 84
FIGURE 33 FLEXIBLE OLED LIGHTING SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 84
TABLE 23 TFE MARKET, BY APPLICATION, 2018–2021 (USD MILLION) 84
TABLE 24 TFE MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 85
7.2 FLEXIBLE OLED DISPLAY 85
7.2.1 GROWING POPULARITY OF OLEDS IN SMARTPHONES, SMART WEARABLE DEVICES, AND LARGE DISPLAY PANELS 85
TABLE 25 FLEXIBLE OLED DISPLAY: TFE MARKET, BY APPLICATION, 2018–2021 (THOUSAND SQUARE METERS) 86
TABLE 26 FLEXIBLE OLED DISPLAY: TFE MARKET, BY APPLICATION, 2022–2027 (THOUSAND SQUARE METERS) 86
TABLE 27 FLEXIBLE OLED DISPLAY: TFE MARKET, BY APPLICATION, 2018–2021 (USD THOUSAND) 87
TABLE 28 FLEXIBLE OLED DISPLAY: TFE MARKET, BY APPLICATION, 2022–2027 (USD THOUSAND) 87
TABLE 29 FLEXIBLE OLED DISPLAY: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND) 87
TABLE 30 FLEXIBLE OLED DISPLAY: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND) 88
TABLE 31 ASIA PACIFIC: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2018–2021 (USD THOUSAND) 88
TABLE 32 ASIA PACIFIC: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2022–2027 (USD THOUSAND) 89
TABLE 33 EUROPE: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2018–2021 (USD THOUSAND) 89
TABLE 34 EUROPE: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2022–2027 (USD THOUSAND) 89
TABLE 35 NORTH AMERICA: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2018–2021 (USD THOUSAND) 90
TABLE 36 NORTH AMERICA: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY COUNTRY, 2022–2027 (USD THOUSAND) 90
TABLE 37 ROW: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND) 90
TABLE 38 ROW: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND) 90
7.2.2 SMARTPHONES 91
7.2.2.1 Rising use of TFE materials in smartphone manufacturing 91
TABLE 39 SMARTPHONES: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND) 91
TABLE 40 SMARTPHONES: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND) 91
7.2.3 TABLETS 92
7.2.3.1 Growing use of OLED screens in Samsung Galaxy tablets 92
TABLE 41 TABLETS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND) 92
TABLE 42 TABLETS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND) 92
7.2.4 TELEVISIONS (TVS) AND SIGNAGE 93
7.2.4.1 High demand for large format displays in retail, BFSI, sports, and education verticals 93
TABLE 43 TVS AND SIGNAGE: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND) 93
TABLE 44 TVS AND SIGNAGE: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND) 93
7.2.5 PC MONITORS AND LAPTOPS 94
7.2.5.1 High use of OLED displays in PC monitors and laptops 94
TABLE 45 PC MONITORS AND LAPTOPS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND) 94
TABLE 46 PC MONITORS AND LAPTOPS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND) 94
7.2.6 SMART WEARABLES 95
7.2.6.1 Increasing integration of OLED technology into smartwatches and AR/VR headsets 95
TABLE 47 SMART WEARABLES: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND) 96
TABLE 48 SMART WEARABLES: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND) 96
7.2.7 AUTOMOBILE DISPLAYS 96
7.2.7.1 Growing integration of OLED technology into instrument clusters, dashboard displays, and center stack displays 96
TABLE 49 AUTOMOBILE DISPLAYS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND) 97
TABLE 50 AUTOMOBILE DISPLAYS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND) 97
7.2.8 OTHERS 98
TABLE 51 OTHERS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2018–2021 (USD THOUSAND) 98
TABLE 52 OTHERS: TFE MARKET FOR FLEXIBLE OLED DISPLAY, BY REGION, 2022–2027 (USD THOUSAND) 98
7.3 FLEXIBLE OLED LIGHTING 99
7.3.1 INCREASING DEMAND FOR OLED LIGHTING PANELS IN AUTOMOTIVE INDUSTRY 99
TABLE 53 FLEXIBLE OLED LIGHTING: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND) 99
TABLE 54 FLEXIBLE OLED LIGHTING: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND) 100
7.4 THIN-FILM PHOTOVOLTAICS 100
7.4.1 RISING USE OF OLED TECHNOLOGY TO MANUFACTURE INSTRUMENT CLUSTERS, DASHBOARD DISPLAYS, AND CENTER STACK DISPLAYS 100
TABLE 55 THIN-FILM PHOTOVOLTAICS: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND) 100
TABLE 56 THIN-FILM PHOTOVOLTAICS: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND) 101
7.5 OTHERS 101
TABLE 57 OTHERS: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND) 101
TABLE 58 OTHERS: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND) 101
8 TFE MARKET, BY VERTICAL 102
8.1 INTRODUCTION 103
FIGURE 34 TFE MARKET FOR CONSUMER ELECTRONICS SEGMENT TO HOLD LARGEST SHARE DURING FORECAST PERIOD 103
TABLE 59 TFE MARKET, BY VERTICAL, 2018–2021 (USD THOUSAND) 103
TABLE 60 TFE MARKET, BY VERTICAL, 2022–2027 (USD THOUSAND) 104
8.2 CONSUMER ELECTRONICS 104
8.2.1 CONSUMER ELECTRONICS SEGMENT TO CAPTURE LARGEST MARKET SIZE 104
TABLE 61 CONSUMER ELECTRONICS: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND) 105
TABLE 62 CONSUMER ELECTRONICS: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND) 105
8.3 AUTOMOTIVE 105
8.3.1 GROWING REPLACEMENT OF ANALOG COMPONENTS WITH DIGITAL ONES IN VEHICLES 105
TABLE 63 AUTOMOTIVE: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND) 106
TABLE 64 AUTOMOTIVE: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND) 106
8.4 HEALTHCARE 106
8.4.1 DIGITALIZATION OF HEALTHCARE SYSTEMS 106
TABLE 65 HEALTHCARE: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND) 107
TABLE 66 HEALTHCARE: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND) 107
8.5 INDUSTRIAL AND ENTERPRISE 107
8.5.1 INCREASING ADOPTION OF AR/VR HMDS 107
TABLE 67 INDUSTRIAL AND ENTERPRISE: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND) 108
TABLE 68 INDUSTRIAL AND ENTERPRISE: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND) 108
8.6 AEROSPACE & DEFENSE 108
8.6.1 RISING ADOPTION OF AR AND VR HMDS IN AEROSPACE & DEFENSE VERTICAL 108
TABLE 69 AEROSPACE AND DEFENSE: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND) 109
TABLE 70 AEROSPACE AND DEFENSE: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND) 109
8.7 RETAIL, HOSPITALITY, AND BFSI 109
8.7.1 HIGH ADOPTION OF OLED DIGITAL SIGNAGE DISPLAYS 109
TABLE 71 RETAIL, HOSPITALITY, AND BFSI: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND) 110
TABLE 72 RETAIL, HOSPITALITY, AND BFSI: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND) 110
8.8 EDUCATION 110
8.8.1 TRANSITION TO ONLINE LEARNING 110
TABLE 73 EDUCATION: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND) 111
TABLE 74 EDUCATION: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND) 111
8.9 TRANSPORTATION 111
8.9.1 HIGH DEMAND FOR TFE FOR LARGE FORMAT DISPLAYS 111
TABLE 75 TRANSPORTATION: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND) 112
TABLE 76 TRANSPORTATION: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND) 112
8.10 SPORTS & ENTERTAINMENT 112
8.10.1 RAPID PENETRATION OF AR/VR HMDS INTO SPORTS & ENTERTAINMENT VERTICAL 112
TABLE 77 SPORTS AND ENTERTAINMENT: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND) 113
TABLE 78 SPORTS AND ENTERTAINMENT: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND) 113
8.11 OTHERS 113
TABLE 79 OTHERS: TFE MARKET, BY REGION, 2018–2021 (USD THOUSAND) 114
TABLE 80 OTHERS: TFE MARKET, BY REGION, 2022–2027 (USD THOUSAND) 114
9 TFE MARKET, BY REGION 115
9.1 INTRODUCTION 116
FIGURE 35 ASIA PACIFIC TO BE LARGEST TFE MARKET DURING FORECAST PERIOD 116
TABLE 81 TFE MARKET, BY REGION, 2018–2021 (USD MILLION) 116
TABLE 82 TFE MARKET, BY REGION, 2022–2027 (USD MILLION) 117
9.2 ASIA PACIFIC 117
FIGURE 36 ASIA PACIFIC: TFE MARKET SNAPSHOT 118
TABLE 83 ASIA PACIFIC: TFE MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 118
TABLE 84 ASIA PACIFIC: TFE MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 119
TABLE 85 ASIA PACIFIC: TFE MARKET, BY VERTICAL, 2018–2021 (USD THOUSAND) 119
TABLE 86 ASIA PACIFIC: TFE MARKET, BY VERTICAL, 2022–2027 (USD THOUSAND) 120
9.2.1 SOUTH KOREA 120
9.2.1.1 Rising developments by Samsung and LG Display in OLED lighting 120
9.2.2 CHINA 121
9.2.2.1 Increasing demand and production of solar cells 121
9.2.3 JAPAN 121
9.2.3.1 Large presence of OLED lighting players and OLED display manufacturers 121
9.2.4 TAIWAN 122
9.2.4.1 Increasing demand for TFE in AMOLED panel display manufacturing 122
9.2.5 REST OF ASIA PACIFIC 122
9.3 EUROPE 123
FIGURE 37 EUROPE: TFE MARKET SNAPSHOT 124
TABLE 87 EUROPE: TFE MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 124
TABLE 88 EUROPE: TFE MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 125
TABLE 89 EUROPE: TFE MARKET, BY VERTICAL, 2018–2021 (USD THOUSAND) 125
TABLE 90 EUROPE: TFE MARKET, BY VERTICAL, 2022–2027 (USD THOUSAND) 126
9.3.1 GERMANY 126
9.3.1.1 High demand for flexible OLED lighting panels in automotive industry 126
9.3.2 UK 127
9.3.2.1 High demand from smartphone and AR/VR technology developers 127
9.3.3 FRANCE 127
9.3.3.1 Rising government-led investments in consumer electronics vertical 127
9.3.4 REST OF EUROPE 127
9.4 NORTH AMERICA 128
FIGURE 38 NORTH AMERICA: TFE MARKET SNAPSHOT 129
TABLE 91 NORTH AMERICA: TFE MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 129
TABLE 92 NORTH AMERICA: TFE MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 130
TABLE 93 NORTH AMERICA: TFE MARKET, BY VERTICAL, 2018–2021 (USD THOUSAND) 130
TABLE 94 NORTH AMERICA: TFE MARKET, BY VERTICAL, 2022–2027 (USD THOUSAND) 131
9.4.1 US 131
9.4.1.1 Large presence of OLED display consumer base 131
9.4.2 CANADA 132
9.4.2.1 High demand in food service industry 132
9.4.3 MEXICO 132
9.4.3.1 Expanding automotive, retail, medical, and industrial sectors 132
9.5 ROW 132
TABLE 95 ROW: TFE MARKET, BY REGION, 2018–2021 (USD MILLION) 133
TABLE 96 ROW: TFE MARKET, BY REGION, 2022–2027 (USD MILLION) 133
TABLE 97 ROW: TFE MARKET, BY VERTICAL, 2018–2021 (USD THOUSAND) 133
TABLE 98 ROW: TFE MARKET, BY VERTICAL, 2022–2027 (USD THOUSAND) 134
9.5.1 MIDDLE EAST & AFRICA 134
9.5.1.1 Increasing use of video walls, digital signage, and interactive kiosks in shopping malls and museums 134
9.5.2 SOUTH AMERICA 135
9.5.2.1 Growing outdoor advertising events 135
10 COMPETITIVE LANDSCAPE 136
10.1 OVERVIEW 136
10.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN 136
TABLE 99 OVERVIEW OF STRATEGIES ADOPTED BY KEY COMPANIES IN TFE MARKET 136
10.3 FIVE-YEAR COMPANY REVENUE ANALYSIS 138
FIGURE 39 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN TFE MARKET 138
10.4 MARKET SHARE ANALYSIS, 2021 138
TABLE 100 TFE MARKET: DEGREE OF COMPETITION 138
10.5 COMPANY EVALUATION QUADRANT 140
10.5.1 STARS 140
10.5.2 EMERGING LEADERS 140
10.5.3 PERVASIVE PLAYERS 140
10.5.4 PARTICIPANTS 140
FIGURE 40 TFE MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021 141
10.6 STARTUP/SME EVALUATION QUADRANT, 2021 142
10.6.1 PROGRESSIVE COMPANIES 142
10.6.2 RESPONSIVE COMPANIES 142
10.6.3 DYNAMIC COMPANIES 142
10.6.4 STARTING BLOCKS 142
FIGURE 41 TFE MARKET: STARTUP/SME EVALUATION QUADRANT, 2021 143
10.7 TFE MARKET: COMPANY PRODUCT FOOTPRINT 144
TABLE 101 PRODUCT FOOTPRINT OF COMPANIES 144
TABLE 102 VERTICAL FOOTPRINT OF COMPANIES 145
TABLE 103 APPLICATION FOOTPRINT OF COMPANIES 146
TABLE 104 REGIONAL FOOTPRINT OF COMPANIES 147
10.8 TFE MARKET: COMPETITIVE BENCHMARKING 148
TABLE 105 TFE MARKET: DETAILED LIST OF KEY STARTUPS/SMES 148
TABLE 106 TFE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES,
BY VERTICAL 148
TABLE 107 TFE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES,
BY APPLICATION 149
TABLE 108 TFE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES,
BY REGION 149
10.9 COMPETITIVE SCENARIOS AND TRENDS 150
TABLE 109 TFE MARKET: PRODUCT LAUNCHES, JANUARY 2020–AUGUST 2022 150
TABLE 110 TFE MARKET: DEALS, JANUARY 2020–AUGUST 2022 150
11 COMPANY PROFILES 152
11.1 KEY PLAYERS 152
(Business overview, Products offered, Recent Developments, MNM view)*
11.1.1 SAMSUNG SDI CO., LTD. 152
TABLE 111 SAMSUNG SDI: COMPANY OVERVIEW 152
FIGURE 42 SAMSUNG SDI: COMPANY SNAPSHOT 153
11.1.2 LG CHEM LTD. 155
TABLE 112 LG CHEM: COMPANY OVERVIEW 155
FIGURE 43 LG CHEM: COMPANY SNAPSHOT 156
11.1.3 3M 158
TABLE 113 3M: COMPANY OVERVIEW 158
FIGURE 44 3M: COMPANY SNAPSHOT 159
11.1.4 TOPPAN INC. 162
TABLE 114 TOPPAN INC.: COMPANY OVERVIEW 162
FIGURE 45 TOPPAN INC.: COMPANY SNAPSHOT 163
11.1.5 TORAY INDUSTRIES, INC. 165
TABLE 115 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW 165
FIGURE 46 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT 166
11.1.6 ERGIS GROUP 169
TABLE 116 ERGIS GROUP: COMPANY OVERVIEW 169
11.1.7 VEECO INSTRUMENTS INC. 170
TABLE 117 VEECO INSTRUMENTS: COMPANY OVERVIEW 170
FIGURE 47 VEECO INSTRUMENTS: COMPANY SNAPSHOT 171
11.1.8 UNIVERSAL DISPLAY CORP. 173
TABLE 118 UNIVERSAL DISPLAY CORP.: COMPANY OVERVIEW 173
FIGURE 48 UNIVERSAL DISPLAY CORP.: COMPANY SNAPSHOT 174
11.1.9 APPLIED MATERIALS, INC. 176
TABLE 119 APPLIED MATERIALS, INC.: COMPANY OVERVIEW 176
FIGURE 49 APPLIED MATERIALS, INC.: COMPANY SNAPSHOT 177
11.1.10 KATEEVA 179
TABLE 120 KATEEVA: COMPANY OVERVIEW 179
11.2 OTHER PLAYERS 180
11.2.1 TESA 180
11.2.2 AJINOMOTO FINE-TECHNO CO., INC. 180
11.2.3 COAT-X 181
11.2.4 BOREALIS AG 181
11.2.5 AMS TECHNOLOGIES 182
11.2.6 ANGSTROM ENGINEERING 182
11.2.7 BENEQ 183
11.2.8 ENCAPSULIX 183
11.2.9 LOTUS APPLIED TECHNOLOGY 184
11.2.10 BASF 184
11.2.11 HOLST CENTRE 185
11.2.12 SNU PRECISION 185
11.2.13 KYORITSU CHEMICAL & CORPORATION LIMITED 186
11.2.14 SAES GETTERS SPA 186
11.2.15 MBRAUN 187
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12 APPENDIX 188
12.1 DISCUSSION GUIDE 188
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 191
12.3 CUSTOMIZATION OPTIONS 193
12.4 RELATED REPORTS 193
12.5 AUTHOR DETAILS 194
