Thick Film Devices Market Size, Share, Industry Trends and Forecast to 2030

Thick Film Devices Market Size & CAGR in 2021

The global thick film devices market is projected to have a growth rate of 4.28% CAGR from 2021 to 2028. As a result, the market is estimated to reach a value of USD 2.15 billion by the end of 2028.

COVID-19 Impact on the Thick Film Devices Market

The COVID-19 pandemic had a significant impact on the thick film devices market. The global supply chain disruptions and restrictions on manufacturing facilities led to a decrease in the production of thick film devices. However, the increased demand for thick film devices in the healthcare sector, particularly for medical imaging devices and diagnostic equipment, helped mitigate some of the negative impact on the market.

Thick Film Devices Dynamics

The thick film devices market is driven by factors such as increasing demand for consumer electronics, automotive applications, and healthcare devices. The adoption of thick film devices in the renewable energy sector for solar panels and energy storage systems is also contributing to market growth. Technological advancements in thick film printing techniques and materials are further propelling the market forward.

Segments and Related Analysis

The thick film devices market is segmented based on type, application, and end-user industry. By type, the market is classified into resistors, sensors, and others. In terms of application, the market is segmented into automotive, healthcare, consumer electronics, and others. The end-user industries for thick film devices include automotive, healthcare, aerospace, and defense, among others.

By Region Analysis

The thick film devices market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to hold the largest market share due to the presence of major players and technological advancements in the region. Asia Pacific is projected to witness significant growth, driven by the growing demand for consumer electronics and automotive applications.

Key Market Players and Competitive Landscape

Key players in the thick film devices market include DuPont, Heraeus Holding, Samsung Electro-Mechanics, Kyocera Corporation, and Yokowo Co., Ltd. These companies focus on product development, strategic partnerships, and acquisitions to strengthen their market position. The competitive landscape of the market is characterized by intense competition and technological advancements.

Recent Happenings in the Thick Film Devices Market

In recent developments, DuPont announced the launch of a new series of high-performance thick film materials for automotive applications. Samsung Electro-Mechanics introduced a new range of thick film resistors with improved accuracy and reliability. Kyocera Corporation partnered with a leading automotive manufacturer to supply thick film sensors for advanced driver assistance systems.