Global Thick Film Devices Market to Reach $304 Billion by 2030
The global market for Thick Film Devices estimated at US$135.2 Billion in the year 2023, is expected to reach US$304 Billion by 2030, growing at a CAGR of 12.3% over the analysis period 2023-2030. Capacitors, one of the segments analyzed in the report, is expected to record a 12.2% CAGR and reach US$151.8 Billion by the end of the analysis period. Growth in the Resistors segment is estimated at 12.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $36 Billion, While China is Forecast to Grow at 16.4% CAGR
The Thick Film Devices market in the U.S. is estimated at US$36 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$70.4 Billion by the year 2030 trailing a CAGR of 16.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.1% and 9.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$46.7 Billion by the year 2030.
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