IMARC Group, a leading market research company, has recently releases report titled “Thick Film Devices Market Report by Type (Capacitors, Resistors, Photovoltaic cells, Heaters, and Others), End-user (Automotive, Healthcare, Consumer Electronics, Infrastructure, and Others), and Region 2023-2028” The study provides a detailed analysis of the industry, including the global thick film devices market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the thick film devices market?
The global thick film devices market size reached US$ 119.61 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 249.52 Billion by 2028, exhibiting a growth rate (CAGR) of 12.95% during 2023-2028.
What is thick film devices?
Thick film devices are designed with specialized thick film materials that enable them to perform essential functions in various electronic circuits. Their significance lies in their ability to provide robust and reliable solutions for a wide range of applications, from consumer electronics to industrial equipment. These devices typically include resistors, capacitors, and inductors, each serving a unique purpose in electronic circuitry. Presently, with their compact size and cost-effectiveness, thick film devices have become integral components in modern electronic systems, driving innovation and efficiency across industries.
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What are the growth prospects and trends in the thick film devices industry?
The global thick film devices market is experiencing a significant upswing, driven by the proliferation of consumer electronics continues to fuel demand for compact and high-performance electronic components. These devices fit the bill perfectly, offering miniaturized solutions without compromising on functionality. Additionally, the automotive sector is witnessing a surge in electronic content within vehicles, ranging from advanced infotainment systems to safety features. Moreover, the industrial automation sector is embracing thick film devices for their reliability and resistance to harsh environmental conditions. Furthermore, the market is also benefiting from technological advancements. Innovations in thick film materials and manufacturing processes are enhancing the performance and durability of these components, making them even more attractive to businesses seeking cutting-edge solutions. Moreover, the trend towards sustainability is influencing the market, with manufacturers increasingly focusing on eco-friendly materials and production practices in line with environmental regulations.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Capacitors
- Resistors
- Photovoltaic cells
- Heaters
- Others
End-user Insights:
- Automotive
- Healthcare
- Consumer Electronics
- Infrastructure
- Others
Breakup by Region:
- North America (U.S. Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Bourns Inc.
- Ferro Techniek BV
- KOA Speer Electronics Inc. (KOA Corporation)
- Panasonic Corporation
- Rohm Semiconductor GmbH
- Samsung Electronics Co. Ltd.
- TE Connectivity Ltd
- Thermo Heating Elements LLC
- Vishay Intertechnology Inc.
- Watlow Electric Manufacturing Co.
- Würth Elektronik GmbH & Co. KG.
- YAGEO Corp
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