Thin Film Sensor Market - Snapshot

Thin film sensors are defined as sensors that comprise one or more thin layers manufactured by implementing various technologies. In thin film technology, a very thin film of material from fractions of nanometer to several micrometers, or even the thickness of a few atoms is applied on a substrate surface that is to be coated. The electronics and semiconductors sector is predicted to provide decent momentum to the global thin films market by boosting the level of adoption on account of their several characteristics - stability, reliability, small size, quick response, and accuracy. The key purpose of thin film sensors is to augment surface evenness and lessen the extent of absorbed light. Presently, being a niche market, few prominent players and a large number of local vendors operate in the thin film sensor market. The global thin film sensor market is projected to expand at a CAGR of 3.1% in terms of revenue during the forecast period and reach US$ 3,093.3 Mn by 2026.

Stringent government regulations to ensure worker safety and good health is promoting the adoption of sensors. Different types of combustible and toxic gases are used in industrial processes such as H2S (Hydrogen Sulfide), NO2 (Nitrogen Dioxide), etc. which pose high risks to workers working in the nearby areas. Hence, it is important to continuously monitor concentration of these gases in industrial environments to avoid any mishaps, thus supporting the demand for sensors. Since, thin film sensors are more compact, they are convenient to deploy in several detection devices. For example, through thin film gas sensors, different gas types are identified by using dielectric properties of thin polymer film. Since the guidelines for occupational safety is getting tougher, particularly in North America and Europe, the adoption of sensors in hazardous work environments is also increasing. This factor is expected to drive the thin film sensors market during the forecast period.

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Since thin film sensors possess features such as repeatability, accuracy, better adhesion, flexible designing, and are capable of surviving rough handling, they perform effectively in several industrial and commercial applications. Also, their thermal responsiveness is better than conventional film sensors. They are more beneficial in terms of miniaturization and integration in electronic circuits. Furthermore, they offer better performance under low-irradiation condition and make ultra large area process practicable with less material requirement and quick response time. Another significant use of this sensor is to incorporate it into a portable handheld measurement system. Thus, superior features of thin film sensors over conventional sensors is an important factor anticipated to facilitate the market growth throughout the forecast period.

However, the insufficient conversion efficiency level of thin film technology could be one of the major limitations to market growth. The complicated structure due to very small size could refrain users from investing in thin films. In addition, flexible thin films may not be practical in some end uses, considering the unattainability of sophisticated installation expertise needed. Also, it is difficult to repair thin film sensors compared to conventional sensors. Despite these factors, the thin film sensor market is expected to gain momentum in the coming years due to growing popularity of portable & wearable electronic devices and the ongoing trend of miniaturization.

Attracted by this expanding market and principal latent demand, several players are expanding their business while maintaining quality standards in order to adhere to the stringent government regulations that are set for different end-use industries in different countries across the world. Some of the prominent players identified in the thin film sensor market includes Gems Sensors & Controls, Inc., Heraeus Sensor Technology GmbH, Honeywell International Inc., Innovative Sensor Technology IST AG, Sensing Devices, Inc., Temperature Specialists, Inc., United Electric Controls Company, Vishay Intertechnology, Inc., AMETEK, Inc., and Baumer Group.

Thin Film Sensor Market: Overview

This comprehensive report by Transparency Market Research analyzes and forecasts the thin film sensor market at the global and regional level. The report provides analysis over the period 2016–2026, wherein 2018 to 2026 is the forecast period and the base year is 2017. An unbiased market assessment has been made to offer readers in-depth and accurate analysis. The report emphasizes on all the major trends and services playing a key role in the growth of the thin film sensor market during 2018 - 2026. It also focuses on market drivers, restraining factors, and opportunities of the thin film sensor market during the said period. The study provides a complete perspective about the thin film sensor market’s growth throughout the research study in terms of value (in US$ Mn) and volume (in Thousand Units) across various geographies, including Asia Pacific, South America, North America, Middle East & Africa (MEA), and Europe.

The report includes a detailed value chain analysis, which is focused on providing an extensive view of the global thin film sensor market. Porter’s Five Forces analysis is also provided to understand the competitive scenario in the market. The study incorporates market attractiveness analysis, wherein the segments for sensor type, material, and end-user are benchmarked based on their market size, growth rate, and attractiveness in terms of opportunity. In order to give a complete analysis of the overall competitive scenario in the thin film sensor market, every geographic region mentioned in the report is provided with attractiveness analysis.

A market overview chapter in the thin film sensor market report explains the trends and dynamics that include the drivers, restraining factors, and opportunities for the current and future thin film sensor market. A market outlook analysis has also been provided globally in the report. Additionally, the report also provides analysis of different business strategies being adopted by market leaders of the thin film sensor market. Market introduction chapter assists in gaining an idea of different trends and services related to thin film sensors along with their materials and applications.

Global Thin Film Sensor Market: Scope of the Report

The study provides a decisive view on the global thin film sensor market, by segmenting the market on the basis of sensor type into temperature sensor, pressure sensor, and others. By material, the market has been classified into platinum, nickel & nickel/iron alloy, copper, and others. By end-user, the market has been classified into aerospace & defense, automotive, consumer electronics, healthcare, industrial automation, and others. The report provides detailed breakdown of the thin film sensor market region-wise and categorizes it at various levels, thus providing valuable insights at micro and macro levels.

The report further highlights the competitive scenario within the thin film sensor market, thus positioning all the major players according to the key recent developments and their geographic presence. The insights for the thin film sensor market are the result of our extensive primary interviews, secondary research, and in-house expert panel reviews. These market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.

Based on country, the North America market is bifurcated into Canada, the U.S., and Rest of North America. Furthermore, the Europe market is analyzed across the U.K., France, Germany, and Rest of Europe. APAC thin film sensor market is also segmented at the country level which includes China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa region covers the GCC, South Africa, and Rest of Middle East & Africa. Similarly, South America region includes Brazil and Rest of South America. This report provides all the strategic information required to understand the thin film sensor market along with its material and application. Also, the report provides insights related to the components and different applications according to the various geographical regions mentioned above.

Global Thin Film Sensor Market: Research Methodology

The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, etc. are also referred.

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed & unbiased reviews on the thin film sensor market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights to validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.

Global Thin Film Sensor Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global thin film sensor market. Market players have been profiled in terms of attributes such as company overview, financial overview, SWOT analysis, business strategies, and recent developments. Key players in the thin film sensor market are Gems Sensors & Controls, Inc., Heraeus Sensor Technology GmbH, Honeywell International Inc., Innovative Sensor Technology IST AG, Sensing Devices, Inc., Temperature Specialists, Inc., United Electric Controls Company, Vishay Intertechnology, Inc., AMETEK, Inc., and Baumer Group.

The thin film sensor market has been segmented as follows:

Global Thin Film Sensor Market

Thin Film Sensor Market, by Sensor Type

  • Temperature Sensor
  • Pressure Sensor
  • Others

Thin Film Sensor Market, by Material

  • Platinum
  • Nickel & Nickel/Iron Alloy
  • Copper
  • Others

Thin Film Sensor Market, by End-user

  • Aerospace & Defense
  • Automotive
  • Consumer Electronics
  • Healthcare
  • Industrial Automation
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Australia
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America
.