Description :
Thin film semiconductors are the foils fabricated from artificial semiconductor materials with thickness ranging from nanometers to few hundred millimeters . The demand for thin film semiconductors has increased in the recent years due to their advantages such as higher efficiency , light weight , less space consumption , and flexibility in shape as compared to conventional silicon ( c-Si ). They are widely used in various applications such as solar photovoltaic panels , DRAMs , microprocessors , and wearable technologies among others . Moreover , emerging technologies such as AMOLED displays , flexible OLED displays , and MEMS among others make use of thin film semiconductors . Flexible displays are mostly used in smartphones and televisions .
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Renowned players in the market have heavily invested to upgrade their technology and strengthen their customer base for enhanced market presence across the globe . For instance , in 2016 , Samsung announced to invest $ 3 billion for manufacturing AMOLED displays in Vietnam . Moreover , organic LED displays that use thin film semiconductor materials are in high demand in the electronics market . LG Electronics , one of the leading display manufacturing companies , intends to manufacture flexible organic LED displays to sustain the global competition . In 2016 , LG announced to invest $ 1.75 billion to manufacture flexible OLED displays . LG expects to ramp up their mass production by the second half of 2018 , as Apple Inc . would be using these flexible displays in their upcoming models of smartphones . The other companies in the market are expected to adopt flexible organic LED displays in their smartphones , tablets , and PCs to compete with Apple Inc . Therefore , the demand for thin film semiconductors is expected to eventually increase in the near future .
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The key factors driving the thin film semiconductor deposition market are impending need of circuit miniaturization , high investment by various governments in solar power plants , and technological developments in organic LED displays . However , high capital requirement for setting up a thin film fabrication facility is a major threat to the market growth .
The thin film semiconductor market is segmented based on type of deposition technology , industry vertical , and geography . Based on deposition technology , the market is segmented into chemical vapor deposition ( CVD ), physical vapor deposition ( PVD ), and others ( epitaxy , and electro hydrodynamic deposition ). Furthermore , industry vertical segment is divided into IT and telecom , electronics , energy and power , automotive , aerospace & defense , and others ( healthcare and industrial ). The market is analyzed on the basis of four regions , namely , North America , Europe , Asia-Pacific , and LAMEA .
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