September 30, 2014
Wellesley, Mass., October 01, 2014 –BCC Research (www.bccresearch.com) reveals in its new report, GLOBAL MARKETS FOR CONFORMAL COATINGS IN ELECTRONICS, the value of the worldwide market for conformal coating materials, equipment and spares is expected to reach $12.2 billion in 2019, with a compound annual growth rate (CAGR) of 6.3% between 2014 and 2019. The consumption of conformal coating materials in electronics is anticipated to exceed $1 billion by 2019.
The application of conformal coatings in electronics applications historically has dominated the marketplace and will continue to do so through 2019. The growth of the electronics market will be driven by increased conformal coating use in integrated circuit and device fabrication; replacement of housing and other hermetic packaging systems; and use in new device packaging systems, and high frequency, wireless, and portable consumer electronic products. Asia-Pacific holds the largest market in conformal coating equipment and spares. It accounts for about 32% of global sales between 2013 and 2019. The Asia-Pacific equipment and spares market is followed in order of importance by North America (26% of global sales in 2013, declining slightly to 24% in 2019) and Europe (22% across the entire period covered by this report).
“Because device failure could have serious consequences, the quality of coating material application is critical,” says BCC Research analyst Srinivasa Rajaram. “New equipment and processes are in place to accommodate the conformal coating requirements of emerging technologies.”
GLOBAL MARKETS FOR CONFORMAL COATINGS IN ELECTRONICS studies and highlights the role of conformal coatings in providing protection to electronic products, and explains the technology, development, production, and methods of application of these coatings. It also covers the equipment involved, and gives a market overview, analyzing major market trends both in terms of region and the application sector.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.
Global Markets for Conformal Coatings in Electronics( IFT009F )
Publish Date: Aug 2014
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