Market Size – The thick film hybrid integrated circuits market size has grown strongly in recent years. It will grow from $3.45 billion in 2023 to $3.68 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to growing electronics, rising demand for miniaturization, increasing adoption in the automotive industry, growth in the telecommunications sector, expanding medical device applications, government regulations and standards, and high initial investment costs.
The thick film hybrid integrated circuits market size is expected to see strong growth in the next few years. It will grow to $4.75 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to the growth of IoT devices, advancements in 5G technology, increasing demand for wearable devices, rising investments in smart infrastructure, the expansion of the renewable energy sector, increasing need for efficient power management, and the and the growing automotive electronics. Major trends in the forecast period include miniaturization and integration of electronics, rapid prototyping and customization, the emergence of advanced materials, and integration with emerging technologies.
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Scope Of Thick Film Hybrid Integrated Circuits MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Thick Film Hybrid Integrated Circuits Market Overview
Market Drivers -The growing demand for consumer electronics is expected to propel the growth of the thick-film hybrid integrated circuits market going forward. Consumer electronics encompasses devices designed for personal and daily use, including smartphones, tablets, laptops, and home entertainment systems. Technological progress, expanding connectivity, and the need for convenience and entertainment in everyday activities propel the rising demand for consumer electronics. Thick-film hybrid integrated circuits are used in consumer electronics to combine the advantages of thick-film and integrated circuit technologies, offering compactness, reliability, and cost-effectiveness. For instance, in February 2024, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade organization, consumer electronic equipment production reached $201.91 million (¥31,685 million), up from $149.27 million (¥ 23,425 million) in January 2023. Therefore, growing demand for consumer electronics will drive the growth of the thick-film hybrid integrated circuits market.
Market Trends – Major companies operating in thick-film hybrid integrated circuits are focused on developing high-frequency and high-speed components, such as thick-film shunt resistors, to meet the increasing demand for high-performance electronic devices in various industries. Thick-film shunt resistors are essential components in electronic circuits, providing accurate, current sensing and voltage regulation in a compact and reliable package. For instance, in November 2021, ROHM Co. Ltd., a Japan-based electronic parts manufacturer, launched the LTR100L thick-film shunt resistors, tailored for industrial and consumer applications, notably battery protection and motor drive circuits, where precise current detection is paramount for enhancing reliability and operational efficiency. The LTR100L series achieves the industry’s highest rated power of 4W in the 3264 size (3.2mm × 6.4mm) or 1225 size (0.12 inch × 0.25 inch) by revising resistor materials and applying terminal temperature derating. This makes them ideal for current detection in motor control and overcurrent protection circuits in industrial and consumer applications advancing toward higher power. The optimized element structure also delivers best-in-class TCR (temperature coefficient of resistance) characteristics among thick-film shunt resistors. This ensures high accuracy and reliability in current detection despite temperature variations.
The thick film hybrid integrated circuits market covered in this report is segmented –
1) By Type: 96% Al2O3 Ceramic Substrate, Beryllium Oxide (BeO) Ceramic Substrate, Aluminum Nitride (AIN) Based, Other Substrates
2) By Product Type: Active, Passive, Electromechanical Components
3) By Application: Avionics And Defense, Automotive, Telecoms And Computer Industry, Consumer Electronics, Other Applications
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Regional Insights – North America was the largest region in the thick film hybrid integrated circuits market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the thick film hybrid integrated circuits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the thick film hybrid integrated circuits market are Panasonic Corporation , GE Aerospace, Infineon Technologies AG, ROHM CO. LTD, Vishay Intertechnology, KEMET Corporation, Fenghua Advanced Technology Holding CO.LTD, Semtech Corporation, TT Electronics, Anritsu Corporation, Beijing Sevenstar Electronics Co. Ltd., KYOCERA AVX, Ohmite Manufacturing Company, Electro Technik Industries Inc., Delphi Technologies, Zhejiang Huzhou Xinjingchang Electronics Co. Ltd., Corintech Ltd, VPT Inc., AUREL s.p.a., Custom Interconnect Limited, Japan Resistor Mfg. Co. Ltd., Micro Hybrid Electronic GmbH, Advance Circuit Technology Inc., Cermetek Microelectronics, Hybrionic Pte, Bergh Hybrid Circuits, Integrated Technology Lab, Midas Microelectronics, Weiking Electronics Manufacturing, Globec Limited
Table of Contents 1. Executive Summary2. Thick Film Hybrid Integrated Circuits Market Report Structure3. Thick Film Hybrid Integrated Circuits Market Trends And Strategies4. Thick Film Hybrid Integrated Circuits Market – Macro Economic Scenario5. Thick Film Hybrid Integrated Circuits Market Size And Growth…..27. Thick Film Hybrid Integrated Circuits Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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