TechNavio has announced the publication of a new market research report on the Global Thick Film Devices Market, which is expected to grow at a CAGR of 12.2 percent from 2014-2019.
"Some renowned semiconductor manufacturers like Samsung and Hynx have announced aggressive plans for production capacity expansion in the coming years, which will boost market growth significantly"
The latest report from TechNavio highlights the increased use of thick films in semiconductors, which is expected to fuel the growth of the Global Thick Film Devices Market. With heightened production and sale of electronic devices, semiconductor manufacturers have also started expanding their manufacturing capacity, which is resulting in the increased use of thick film devices.
"Some renowned semiconductor manufacturers like Samsung and Hynx have announced aggressive plans for production capacity expansion in the coming years, which will boost market growth significantly," says Faisal Ghaus, Vice President of TechNavio.
In addition, the new report emphasizes rapid advances in technology that will impact the market in coming years. Manufacturers have started improving the performance and reliability of their offerings due to high market volatility, in terms of demand fluctuation.
"The regular introduction of electronic devices by OEMs in end-user markets is creating more demand for components that are needed to enhance the functionalities of the offerings, which will ultimately affect the overall market growth," says Ghaus.
