Thin-Film Encapsulation Market Size, Share and Global Trend By Deposition Technology (Inorganic Layer, Organic Layer), By Application (Flexible OLED Display, Flexible OLED Lightning, Thin-Film Photovoltaic, Others) and Regional Forecast, 2024-2032

Thin-Film Encapsulation (TFE) is the innovation utilized in Organic Light-Emitting Diodes (OLED). TFE can supplant front glass in OLED gadgets with a thin film barrier. With the ascent in wearable gadgets, OLEDs are considered as new generation display technology. So as to secure these adaptable devices, Thin-Film Encapsulation (TFE) has developed as the most promising technology.

Thin-Film Encapsulation is totally depending on the multi-layer film, made of modifying organic and inorganic layers. In addition, every single part in thin-film encapsulation is physically and chemically improved so as to guarantee the long existence of the OLED gadget and dodge any harms.

Regarding material structure, Thin-Film Encapsulation is exceptionally challenging; subsequently, numbers of continuous research are still going with a plan to optimize both organic and inorganic materials. Thin-Film Encapsulation also reduces the cost of electronic devices by replacing glass substrate material, which resulted in light and thin display.

On the basis of deposition technology, the global thin-film encapsulation market is segmented into the inorganic layer and organic layer. The inorganic layer is sub-segmented into PECVD, ALD, and others. Similarly, the organic layer is sub-segmented into inkjet printing and vacuums thermal printing.

The organic layer segment is expected to dominate the market in the above segmentation owing to the wide use of thin-film encapsulation in inkjet printing and an increase in demand for inkjet printing from various sectors like commercial, education, etc.

On the basis of the application, the global thin-film encapsulation market can be segmented into a flexible OLED display, flexible OLED lighting, and thin-film photovoltaic. The flexible OLED display is expected to dominate the market in the above segmentation owing to a wide application in the automobile sector helps to increase in thin-film encapsulation market. The flexible OLED display is more effective as compared to incandescent lighting.

Most of the automobile company worked together with the lighting manufacturer to create OLED lighting solution for vehicles. Also, owing to the wide use of OLED display in the consumer electronics sector escalates the thin-film encapsulation market.

The factor that is expected to drive the growth of the global thin-film encapsulation market is thin-film encapsulation utilizing inkjet printing technology and quick reception of flexible OLED display for cell phones and smart wearables altogether drive the market development.

The increasing investment in the OLED manufacturing facilities and for research activities and increasing use of thin-film solar cells are probably going to give worthwhile chances to the market players. Increasing adoption of OLED lighting solution for vehicles which leads to more investment from the automobile sector in thin-film encapsulation technology.

The factor that is expected to restrain the growth of the global thin-film encapsulation market there is continuous development in flexible glass technology, which leads to hampering the thin-film encapsulation market.

Key Players Covered

Some of the major companies in the global thin-film encapsulation market is Samsung SDI, LG Chem, Universal Display Corporation, Applied Materials, 3M, Veeco, Kateeva, Toray Industries, Inc., BASF, Meyer Burger Technology Ltd., Aixtron SE, Bystronic Glass, AMS Technologies AG, Beneq, JOLED and Angstrom Engineering Inc.

SEGMENTATION

Regional Analysis

The global thin-film encapsulation market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In the Asia Pacific holds the largest share in the thin-film encapsulation market in the above segmentation. Countries like China, Japan, South Korea are manufacturing hub for electronics appliances. Increase investment by various companies like CSOT and BOE technology for the construction of manufacturing plants in China for the manufacturing of OLED panels. In Europe countries like Russia and Germany is the major manufacturer of the automotive sector. Owing to increasing investment for OLED lighting solution for an automotive vehicle. Most of the automobile company worked together with the lighting manufacturer to create OLED lighting solution for vehicles. In North America, thin-film encapsulation is highly dominated by the presence of solar cell developers.

Key Industry Developments

• In Mar 2019, Beneq has propelled new ALD coatings anti-erosion application as traditional metal oxide isn't thin enough to ensure against fluorine. The organization is putting forth a single layer or a multilayer or blended material explicitly for improving anti-corrosive properties. 
• In Aug 2018, JOLED has announced that to sign an agreement with Screen Fintech Solutions and Panasonic Production Engineering to co-develop, manufacture and sell printing equipment for large area OLED.
• In Feb 2017, BASF acquires the private firm Rolic AG in Allschwil, Switzerland. This acquisition will help both the company to create new opportunities for co-developing next-generation LCD and OLED displays featuring higher resolution