Thick Film Devices Market 2021 Analysis by Top Manufacturers - Panasonic Corporation, Samsung Electronics Co. Ltd, Vishay Intertechnology Inc., Rohm Semiconductor GmbH

Global Thick Film Devices Market Size, Status and Forecast 2021-2025

The Thick Film Devices market report is the most important research for who looks for complete information on the Thick Film Devices market. The report covers all information on the global and regional markets including historic and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Thick Film Devices market scenario, and feasibility study are the vital aspects analyzed in this report.

The thick film devices market has been valued at USD 83.21 billion in 2019 and is expected to register a CAGR of 14.04% over the forecast period 2020 to 2025 to reach USD 177.13 billion by 2025.

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Top Leading Companies of Global Thick Film Devices Market are Panasonic Corporation, Samsung Electronics Co. Ltd, Vishay Intertechnology Inc., Rohm Semiconductor GmbH, TE Connectivity Ltd, KOA Speer Electronics Inc., AVX Corporation, Aragonesa de Componentes Pasivos SA, Wurth Electronics Inc., Murata Manufacturing Co. Ltd, YAGEO Corp., Viking Tech Corporation, Walsin TechnologyÊCorporation, Bourns Inc., Chromalox Inc., Ferro Techniek BV, Watlow Electric Manufacturing Co., Midas Microelectronics Corp., Tempco Electric Heater Corporation, Thermo Heating Elements LLC, Datec Coating Corporation and others.

The leading players of the Thick Film Devices industry, their market share, product portfolio, company profiles are covered in this report. The leading market players are analyzed based on production volume, gross margin, market value, and price structure. The competitive market scenario among Thick Film Devices players will help the industry aspirants in planning their strategies. The statistics offered in this report will be a precise and useful guide to shape business growth.

Latest Developments:

- April 2020 - Panasonic Corporation introduced NEW ERJ-UP3 Series Anti-Sulfurated Thick Film Chip Resistors, Anti-Surge Type in 0603-inch case size. It is designed to be extremely durable in challenging or unclean, harsh environments. It provides anti-sulfurization characteristics that avoid an open circuit caused by a sulfide disconnection.
- February 2020 - Vishay Intertechnology, Inc. introduced the first high power resistors on the market to be offered with its AEC-Q200 qualified thick film high power resistors. It is designed for direct mounting on a heatsink. The company's Sfernice LPSA range of products delivers high power dissipation and pulse handling capabilities, which in turn helps the designers to reduce component counts and lower costs in automotive applications.

Automotive to Expected to Hold Significant Share

- Over the last two decades, the growing production of automobiles is a significant factor in driving market growth due to the high adoption of electrical and electronic devices in automotive manufacturing. In the United States, all heavy trucks must be installed with electronic logging devices (ELD) from the US Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) by the end of 2019.
- These government regulations would increase the demand for thick film devices, and hence, may expand the studied market vendor’s growth scope further. For instance, Canada-based thick film heating element manufacturer, Datec Coating Corporation, was awarded a USD 1.3 million contract by the Innovation, Science and Economic Development Canada (ISED), a government organization that works toward improving investment scenario for several industries in Canada, for Automotive Supplier Innovation Program. In October 2018, the firm also received a significant investment by Germany-based E.G.O.- Group mainly for its manufacturing expansion.
- A new technology called thick-film-on-steel promises to yield a new class of resistors for a wide range of applications. Resistors made using the technology can operate at temperatures up to 400 C and target various automotive applications. The devices are produced by combining a thick ceramic dielectric glaze with stainless steel to form a three-layer product that can be created, molded, welded, and holes to be added for mounting.
- With the outbreak of COVID-19, automotive and consumer electronics are two of the most negatively affected end-users, which heavily use thick film devices. For instance, Fiat Chrysler’s first-quarter sales in the US have dropped by 10%, and General Motors sales for the same period has fallen by 7%. After initial supply and manufacturing disruptions, the automotive industry is experiencing a demand shock with uncertain recovery timeline due to shelter -in -place regulations. With limited room to cut fixed costs, some OEMs have low liquidity to power through a long period of missing revenues, which could affect the thick film devices market.

Asia-Pacific to Witness the Highest Growth

- Asia-Pacific is one of the most significant regions for the thick film devices market, mainly due to government policies favoring the growth of semiconductor manufacturing. Also, the region is the largest producer of consumer electronics. Also, the Chinese government raised around USD 23-30 billion to pay for the second phase of its National IC Investment Fund. Moreover, the growth of the food processing industry in China and India is further expected to fuel the demand for the thick film devices market.
- The expansion of the semiconductor industry throughout the region and the rising adoption of MEMS among various industries are bolstering the demand for thick film devices in the region. For instance, the consumption of semiconductors is rapidly increasing in China, compared to other countries, owing to the continuing transfer of global, diverse electronic equipment to China, wherein the product is a necessary component. China is home to three of the top five largest smartphone companies worldwide, posing tremendous opportunities for the thick film device market.
- According to India Electronics and Semiconductor Association, the semiconductor component market in the country is expected to be worth USD 32.35 billion by 2025, while displaying a CAGR of 10.1% (2018-2025). The report states that the country is a lucrative destination for global R&D centers. Thus, the government's ongoing Make in India initiative is expected to result in investments in the semiconductor industry in the country, further providing ample opportunities for the market.
- However, the spread of novel coronavirus has impacted the operations of vendors operating in these regions. For instance, Murata Manufacturing, Samsung, and Panasonic all have reported a drop in net sales in Q1 2020 due to the slowdown of manufacturing facilities. The anticipated trend is expected to continue until the pandemic ends.

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Crucial Elements from the Table of Contents of Global Thick Film Devices Market:

- Thick Film Devices Market Overview
- Global Thick Film Devices Market Competition, Profiles/Analysis, Strategies
- Global Thick Film Devices Capacity, Production, Revenue (Value) by Region (2016-2021)
- Global Thick Film Devices Supply (Production), Consumption, Export, Import by Region (2016-2021)
- Global Thick Film Devices Market Regional Highlights
- Industrial Chain, Sourcing Strategy, and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Market Decisions for the present scenario
- Global Thick Film Devices Market Forecast (2021-2025)
- Case Studies
- Research Findings and Conclusion

The research includes historic data from 2016 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Thick Film Devices Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. The Thick Film Devices industry report additionally presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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