Thick Film Devices Market 2021 Size, Status and Global Outlook -Panasonic Corporation, Samsung Electronics Co. Ltd, Vishay Intertechnology Inc

Thick Film Devices Market by Component, Application, Services, and Region- Forecast to 2026

The Global Thick Film Devices Market Research Report 2021-2026 published by Market Insights Reports is a significant source of keen information for business specialists. It furnishes the Thick Film Devices business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Thick Film Devices worth chain and its wholesaler examination. Thick Film Devices Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The thick film devices market has registered a CAGR of 14.04% over the forecast period 2021 to 2026 to reach USD 177.13 billion by 2025.

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Top Leading Companies of 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., Other Companies Analyzed, Murata Manufacturing Co. Ltd, YAGEO Corp., Viking Tech Corporation, Walsin Technology Corporation, Bourns Inc., Chromalox Inc., Ferro Techniek BV, Watlow Electric Manufacturing Co., Midas Microelectronics Corp. and others.

-Thick Film Devices Market Analysis

-Industry News And Updates on 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.

-Key Market Trends Thick Film Devices Market-

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 Transportations 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 vendors 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.

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