Global Thin-Film Encapsulation (TFE) Market is expected to reach USD 66.61 billion in 2024 from USD 10.4 billion in 2016 at a CAGR 26.13%. 
Thin film encapsulation (TFE) is an enabling technology for Organic Light Emitting diodes (OLED). TFE has the potential to replace the front glass in an OLED device with a thin-film barrier. The nature of OLED material is that it is very susceptible to degradation when exposed to environmental factors such as water and air. OLED lighting segment is expected to have the highest growth rate in the Global Thin-Film Encapsulation (TFE) Market for materials during the forecast period. The demand for OLED lightings is expected to grow at the highest CAGR as the adoption of OLED lightings in automotive applications is likely to increase rapidly during the forecast period. In the recent past years, several automotive companies have collaborated with lighting manufacturers to develop OLED lighting solutions for cars. OLED lighting solutions are more efficient than conventional incandescent lighting, they also provide opportunities to put a light in new and sometimes startling places and modes that are only starting to emerge in the rapidly changing field. Rising demand for flexible OLED displays and flexible OLED lighting solutions is driving the growth of Global Thin-Film Encapsulation (TFE) Market for materials. Asia Pacific is expected to register the highest demand for thin-film encapsulation materials during the forecast period.
Major display panel and brand product manufacturers are based in China, Japan, Taiwan, South Korea, and Hong Kong. South Korea saw the highest demand for thin-film encapsulation materials in 2017 owing to presence of industry leaders such as Samsung and LG Display in the country. Further, the demand for thin-film encapsulation materials from China are expected to increase rapidly during the forecast period as various Chinese players, such as BOE Technology and CSOT, are planning to construct facilities to manufacture flexible OLED panels.
The leading suppliers of thin-film encapsulation equipment and materials in the Global Thin-Film Encapsulation (TFE) Market are Samsung SDI (Novaled) (South Korea), LG Chem (South Korea), Universal Display Corp. (UDC) (US), Applied Materials (US), 3M (US), Veeco Instruments (US), Kateeva (US), Toray Industries (Japan), BASF (Rolic) (Germany), Meyer Burger (Switzerland), Aixtron (Germany), Bystronic Glass (Germany), AMS Technologies (Germany), and Angstrom Engineering (Canada).
KEY HIGHLIGHTS
• Global Thin-Film Encapsulation (TFE) Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of Global Thin-Film Encapsulation (TFE) Market.
• Global Thin-Film Encapsulation (TFE) Market segmentation on the basis of application, deposition technology, end-user and region (country-wise) has been provided. • Global Thin-Film Encapsulation (TFE) Market strategic analysis with respect to individual growth trends, future prospects along with contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Thin-Film Encapsulation (TFE) Market analysis and forecast for global market.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in Global Thin-Film Encapsulation (TFE) Market are also profiled.
Research Methodology The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get unbiased idea of the market. This exercise was done at country level to get fair idea of the market in countries considered for this study. Later this country specific data was accumulated to come up with regional numbers and then arrive at global market value for Global Inspection Machines Market.
For more information visit : https://www.maximizemarketresearch.com/market-report/global-thin-film-encapsulation-tfe-market/7181/
