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Thin Film Material Market size is set to grow by USD 2.84 billion from 2024-2028, Increasing demand for consumer electronics boost the market, Technavio

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NEW YORK, July 18, 2024 /PRNewswire/ — The global thin film material market size is estimated to grow by USD 2.84 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  4.33%  during the forecast period. Increasing demand for consumer electronics is driving market growth, with a trend towards increased production efficiency. However, cost competitiveness  poses a challenge. Key market players include Ascent Solar Technologies Inc., AVANCIS GmbH, Cicor, Delta Optical Thin film AS, Hanergy Thin Film Power EME BV, Johanson Technology Inc., Kaneka Corp., Laird Performance Materials, Masdar, Moser Baer, Murata Manufacturing Co. Ltd., Samsung SDI Co. Ltd., Solar Frontier Europe GmbH, TDK Corp., Token Electronics Industry Co. Ltd., Trony Solar Holdings Co. Ltd., Viking Tech Corp., Vishay Intertechnology Inc., Wurth Elektronik GmbH and Co. KG, and Wuxi Suntech Power Co. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Thin Film Material Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Decelerate at a CAGR of 4.33%

Market growth 2024-2028

USD 2842.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.08

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 35%

Key countries

China, US, Germany, Japan, and UK

Key companies profiled

Ascent Solar Technologies Inc., AVANCIS GmbH, Cicor, Delta Optical Thin film AS, Hanergy Thin Film Power EME BV, Johanson Technology Inc., Kaneka Corp., Laird Performance Materials, Masdar, Moser Baer, Murata Manufacturing Co. Ltd., Samsung SDI Co. Ltd., Solar Frontier Europe GmbH, TDK Corp., Token Electronics Industry Co. Ltd., Trony Solar Holdings Co. Ltd., Viking Tech Corp., Vishay Intertechnology Inc., Wurth Elektronik GmbH and Co. KG, and Wuxi Suntech Power Co. Ltd.

Market Driver

The thin film material industry is focused on enhancing production efficiency to stay competitive and cater to the escalating demand for thin film materials. Automation through robotic systems is a significant approach to boost production consistency and reduce costs. Process optimization using advanced deposition technologies like molecular beam epitaxy (MBE) and atomic layer deposition (ALD) improves efficiency and scalability. Material optimization involves developing new, cost-effective thin film materials and optimizing existing ones for better production efficiency. Equipment improvement, including deposition and post-deposition processing systems, is crucial for streamlined production and cost reduction. Thus, the thin film material market thrives on the continuous pursuit of production efficiency enhancements and cost reductions. 

The thin film material market is experiencing significant growth, particularly in the renewable energy sector. Optical coatings for PV solar cells are in high demand due to their role in increasing the conversion efficiency rate of photovoltaic cells. Nanotechnology plays a crucial part in this trend, with nanocomposite materials and magnetron sputtering used to create thin films with improved oxidation resistance, low thermal conductivity, and high adherence properties. Raw materials and manufacturing operations are undergoing transformations, with a shift towards sustainable practices and the use of nanotechnology. Single crystal systems are being replaced by monocrystalline, polycrystalline, and amorphous silicon in the production of PV solar cells. The market for thin film coatings is expanding beyond the solar industry, with applications in 5G mobile communications, semiconductors, and various industries such as steel, automotive, and electronics. Thin films offer benefits like decreased weight, improved lifespan, and enhanced film density and morphology. Environmental sustainability is a key driver, with a focus on reducing greenhouse gas emissions and minimizing waste. Thin films are also being used to enhance the performance and durability of various products, including machine equipment, motors, sensors, and image sensors, through properties like corrosion resistance, scratch resistance, and fingerprint resistance. The thin film material market is expected to continue growing, driven by the increasing demand for renewable energy and the need for efficient, sustainable technologies in various industries. Additionally, advancements in AI and automation systems are expected to streamline manufacturing processes and improve overall efficiency. 

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Market Challenges

•         The thin film material market faces intense competition from traditional materials, making cost competitiveness a significant challenge. To remain competitive, the industry must continuously reduce costs and enhance material properties. Three primary strategies can improve the cost competitiveness of thin film materials: process optimization, material innovation, and increased production efficiency. Process optimization involves enhancing thin film material production processes through the adoption of advanced deposition technologies like molecular beam epitaxy (MBE) and atomic layer deposition (ALD). These methods improve efficiency and scalability, resulting in lower costs and superior material properties. Material innovation is another crucial strategy. Developing new thin film materials with improved properties and reduced costs is essential for the industry’s growth. For instance, the emergence of perovskites as a promising alternative for solar cells could lead to cost-effective, high-performing solar cells. Lastly, increasing production efficiency is vital for reducing costs. Implementing automation and optimizing processes can lead to higher material yield and lower production costs, making thin film materials more competitive in the market. In summary, the cost competitiveness of thin film materials is a significant challenge for the industry, but it also presents opportunities for innovation and growth. By focusing on process optimization, material innovation, and increased production efficiency, the thin film material industry can remain competitive and thrive in the future.

•         The Thin Film Material Market is experiencing significant growth due to the increasing demand for improved lifespan, density, strength, and efficiency in various industries. In the renewable energy sector, thin film technologies are crucial for enhancing conversion efficiency rates and reducing greenhouse gas emissions. Thin film coatings are essential for 5G mobile communications, semiconductors, and automation systems in the steel industry, machine equipment, motors, sensors, motion detectors, and image sensors. Challenges in the market include ensuring corrosion resistance, scratch resistance, and fingerprint resistance. Thin film materials like Titanium dioxide, PVC substrates, and PVDF thin films are popular choices due to their environmental sustainability. The market is expanding in off-grid areas, with a focus on creating a green environment for the global population. Thin film materials are also essential for smart workplaces, smart TVs, smart air conditioners, and smart homes. Thin film technologies are also vital in the production of monocrystalline, polycrystalline, and amorphous silicon for computer chips and optical coating. The market for thin film materials is expected to grow further in the coming years, with a particular focus on nanometers and micrometers in substrate materials for PV technology and Cadmium telluride.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This thin film material market report extensively covers market segmentation by  

Type 1.1 Physical vapor deposition1.2 Chemical vapor depositionApplication 2.1 Photovoltaic solar cell2.2 MEMS2.3 Semiconductor and electrical2.4 Optical coatingGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Physical vapor deposition-  Thin film deposition via Physical Vapor Deposition (PVD) is a process where materials are vaporized in a vacuum environment and deposited onto a substrate to form thin films. PVD utilizes physical means to transfer material from a source to a substrate, resulting in uniform, thin films. Applications include coatings for cutting tools, optics, decorative coatings, and electronic devices. Advancements in PVD technology include the development of advanced coatings with enhanced properties like high hardness, wear resistance, and low friction. Automation through robotics, advanced control systems, and process monitoring is increasing. High-throughput systems cater to industry demands. Environmentally friendly processes using non-toxic materials, reduced energy consumption, and minimal waste are being adopted. Multi-layer coatings with specific properties for various applications are trending. Large-area coatings via PVD systems are also gaining popularity. Cost reduction through efficient processes and advanced materials integration is a key focus. These factors will fuel the growth of the PVD market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global film capacitor market is experiencing steady growth, driven by increased demand in automotive and consumer electronics sectors. Major players include TDK, Murata, and KEMET. The global stretch and shrink film market is expanding due to rising applications in packaging, logistics, and food industries, with companies like Berry Global and Amcor leading the way. The global thin-film batteries market is surging, fueled by advancements in IoT and wearable devices. Key players such as Samsung SDI, STMicroelectronics, and Blue Spark Technologies are at the forefront of this innovation.

Research Analysis

The Thin Film Material market encompasses a diverse range of materials used in various industries, including optics and photovoltaics. In optics, thin films are utilized for optical coatings that enhance reflection, transmission, and absorption properties. In photovoltaics, thin films are integral to the production of PV solar cells, where they facilitate electrical conduction. These films can be based on a single crystal system or nanocomposite materials. Raw materials for thin films include Titanium dioxide, PVC substrates, and various metals. Manufacturing operations involve deposition techniques such as sputtering, chemical vapor deposition, and electroplating. Market demand is driven by advancements in PV technology and the need for efficient, cost-effective energy solutions. Nanotechnology plays a significant role in the development of new thin film materials, with nanometers and micrometers being key dimensions. Substrate materials, such as glass or PVDF films, also influence the properties of the final thin film product.

Market Research Overview

Thin film materials are essential components in various industries, including optics, renewable energy, electronics, and manufacturing. These materials are applied as thin coatings on substrate materials, such as glass, metal, or polymers, using techniques like magnetron sputtering and chemical vapor deposition. In the optics sector, thin films are used for optical coatings to enhance properties like oxidation resistance, low thermal conductivity, high adherence, and improved lifespan. In the renewable energy sector, thin films play a crucial role in photovoltaic solar cells, particularly in PV technology based on amorphous silicon, cadmium telluride, and other materials. Thin films help increase conversion efficiency rates, decrease weight, and improve durability, making them ideal for off-grid areas and contributing to environmental sustainability by reducing greenhouse gas emissions. Beyond renewable energy, thin films are also used in various industries, such as the steel industry for corrosion resistance, in 5G mobile communications for high-frequency components, and in the manufacturing of machine equipment, motors, sensors, and motion detectors for improved efficiency and durability. Nanotechnology and nanocomposite materials are driving innovation in thin film technologies, leading to advancements in areas like scratch resistance, fingerprint resistance, and strength. Thin films are also used in various applications like smart workplaces, smart TVs, smart air conditioners, and smart homes, where they contribute to efficiency, improved performance, and enhanced functionality. Some common thin film materials include titanium dioxide, PVC substrates, and PVDF thin films, which come in nanometers and micrometers in thickness. The market demand for thin film materials continues to grow as technology advances and industries seek to improve efficiency, reduce weight, and enhance sustainability.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypePhysical Vapor DepositionChemical Vapor DepositionApplicationPhotovoltaic Solar CellMEMSSemiconductor And ElectricalOptical CoatingGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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TELUS transforms legacy telecommunications site into 195 new homes for Nanaimo

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Across Canada, demand for rental housing continues to outpace supply. TELUS Living is helping address this challenge by transforming existing TELUS properties into smart, sustainable homes in communities where new housing is needed most.

NANAIMO, BC, July 23, 2026 /CNW/ — TELUS Living today opened a new 195-home purpose-built rental community in downtown Nanaimo, transforming a former telecommunications property into smart, sustainable housing that helps address one of Canada’s most pressing challenges: increasing rental supply in growing communities. Located at 235 Wallace St, the multi-storey, mixed-use build features 195 purpose-built rental units, providing much-needed housing supply to downtown Nanaimo, while thoughtfully honouring the city’s unique coastal identity and heritage.

The Nanaimo development is part of TELUS’ long-term strategy to repurpose legacy telecommunications infrastructure into purpose-built rental housing as the company modernizes its network and completes the transition from copper to PureFibre technology. The Nanaimo community joins TELUS Living’s growing portfolio of developments that are transforming underutilized TELUS properties into housing across Canada.

“The Nanaimo development represents exactly what TELUS Living stands for by providing purpose-built rental housing tailored to the specific needs of the community it serves. We’ve designed 235 Wallace St with Nanaimo’s unique character in mind, offering a curated lifestyle that blends a climate-conscious, Zero Carbon Design approach with top-tier wellness and smart-tech amenities,” said Manasweeta Bhatia, Vice President of Corporate Real Estate at TELUS. “We shape every TELUS Living project by listening to the community, understanding its unique identity and design needs, and building accordingly. Its central downtown location and proximity to both Vancouver Island University and Nanaimo Regional General Hospital also position it as an ideal home for students, educators, and healthcare workers seeking modern, connected living.”

“More housing and good jobs are a win-win for downtown Nanaimo,” said Sheila Malcolmson, MLA for Nanaimo-Gabriola Island. “Adding to the approximately 1,500 affordable homes our B.C. government has completed and underway in Nanaimo, it’s great to see TELUS stepping up with 195 new units. It’s been great to see hundreds of construction and indirect jobs in town, and I can’t wait to see folks move into their new homes.”

“I’m thrilled to see a new rental option in downtown Nanaimo, and especially excited that this conversion was made with sustainability and active transportation in mind,” said George Anderson, MLA for Nanaimo-Lantzville. “Ensuring everyone can find homes they can afford in the communities they love requires creative approaches, and I hope to see more creativity like this in the future.”

“I’m delighted to celebrate the opening of TELUS Living Nanaimo, a landmark project that strengthens our downtown as a vibrant, inclusive place to live,” said Leonard Krog, Mayor of Nanaimo. “This partnership between the City of Nanaimo, our community, and TELUS demonstrates what’s possible when we work together toward shared goals. The addition of nearly 200 diverse housing options is exactly what our city needs, and we’re excited about the positive impact this will have on our community. TELUS’ commitment to our city and investment in our future will contribute to Nanaimo’s economic and social vitality.”

Situated within walking distance of downtown’s vibrant cafes, eclectic Old City Quarter, the iconic Harbourfront Walkway, and a short transit ride from Vancouver Island University and Nanaimo Regional General Hospital, the development is architecturally designed to blend classic and contemporary exterior elements. Curated for modern living, the community offers an expansive suite of indoor and outdoor social amenities alongside street-level retail and public art contributions.

Project Highlights:

Smart-Enabled Living: Powered by the TELUS PureFibre network, the custom TELUS Living App provides keyless entry, smart climate control, leak detection, parcel notifications, visitor management, and amenity bookings.Social & Wellness Amenities: Features a rooftop deck with an outdoor kitchen, BBQs, and panoramic views, alongside a state-of-the-art fitness centre and resident lounge.Pet & Active Lifestyle Ready: Equipped with a dedicated children’s outdoor play area, outdoor bark park and pet care station, secure underground parking, bike storage and maintenance facilities.Premium Functional Interiors: Studio to three-bedroom layouts include private balconies, individual A/C with Energy Recovery Ventilators (ERVs) for optimal air quality, Samsung SmartThings appliances, and in-suite laundry.Gold-Standard Sustainability: Sets a Vancouver Island benchmark aligned with Zero Carbon Design standards and Salmon-Safe development guidelines that actively protects local ecosystems.

This opening marks a significant milestone in TELUS Living’s mission to transform existing real estate holdings into purpose-built rentals that bridge the housing gap with smart, sustainable, and community-focused developments. As TELUS completes its transition from legacy copper to advanced fibre networks, the company is transforming its historic central offices–which once served as the backbone of B.C.’s phone system–into vibrant, smart, purpose-built rental communities. TELUS Living is breathing new life into these properties to help address Canada’s housing crisis. For more details on TELUS Living Nanaimo or to view available floor plans, please visit telusliving.com/nanaimo.

About TELUS

TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 17 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. TELUS Health is enhancing approximately 170 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. TELUS Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by our enduring ‘give where we live’ philosophy, TELUS continues to invest in initiatives that support education, health and community well-being. In 2023, we launched the TELUS Student Bursary, which strives to ensure that every young person in Canada who wants a postsecondary education has the opportunity to pursue one. To date, the program has distributed over $6 million in bursaries to 2,000 students and counting. Since 2000, TELUS, our team members and retirees have contributed $1.85 billion in cash, in-kind contributions, time and programs, including 2.5 million days of service–earning TELUS the distinction of the world’s most giving company.

For more information, visit telus.com.

For more information, please contact:
Brandi Rees
TELUS Public Relations
brandi.rees@telus.com 

SOURCE TELUS Communications Inc.

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Award-Winning Author Euran Daniels to Deliver Opening Keynote at International Nevus Outreach Conference, Unveiling New $100,000 Global Initiative to Advance CMN Research and Awareness

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ORLANDO, Fla., July 24, 2026 /PRNewswire/ — Award-winning author, entrepreneur, and Congenital Melanocytic Nevus (CMN) advocate Euran S. Daniels will deliver the opening keynote address at the 2026 Nevus Outreach International Conference on Sunday, July 26, 2026, at 1:00 p.m. at the Renaissance Orlando at SeaWorld®.

Launching the conference under this year’s theme, “Amplify,” Daniels will share his personal journey of living with CMN for more than 50 years and challenge attendees to transform awareness into meaningful action through hope, advocacy, and research.

During his keynote, Daniels will unveil a new global initiative aimed at expanding awareness and inspiring greater support for CMN research. The initiative will encourage individuals, healthcare organizations, corporations, and philanthropists to join a collaborative effort to improve the lives of those affected by this rare skin condition.

“For more than fifty years, I’ve lived with a visible mark that became my purpose,” said Daniels. “My hope is that every person leaves this conference believing they can make a difference by amplifying hope, supporting research, and leaving a positive impact on the lives of others.”

CMN is a rare skin condition present at birth that, in its larger forms, affects approximately 1 in every 20,000 births. Individuals living with CMN may face complex medical challenges, including an increased risk of melanoma, multiple surgeries, and the emotional impact of living with a visible difference.

Daniels’ keynote will focus on three powerful messages: You’re Not Alone. Live Your Life. Leave Your Mark.Through his story of resilience and leadership, he hopes to inspire families, advocates, researchers, and community leaders to work together to create greater awareness and opportunity for those living with CMN.

Media are invited to attend the keynote address to learn more about this initiative. 

For more information, visit www.EuranDaniels.com or to support CMN research, visit www.nevus.org/joineuran.

Media Contact:
Media Relations – Fanisha Love (910) 262-3439
Email: info@danielscompany.com
Website: www.EuranDaniels.com

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SOURCE Daniels Company

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Immigration Desk Shares Guidance for Entrepreneurs and Foreign Businesses Planning US Expansion in 2026

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NEWTON, Mass., July 24, 2026 /PRNewswire/ — Immigration Desk is highlighting key immigration considerations for entrepreneurs, investors, and foreign-owned companies looking to establish or expand a presence in the United States, as interest in cross-border growth continues alongside evolving visa procedures and compliance expectations. The firm noted that many business owners plan with a general goal of opening a US office,  only to be met by a system that favors careful planning and documentation. 

Immigration planning often intersects with business planning, with company structure, ownership percentage, funding sources, job roles, and operational timelines influencing the pathways available and evidence required. A viable business plan alone often isn’t enough, and applicants must also meet specific legal definitions tied to visa categories. Those definitions, however, can differ significantly depending on the route pursued.

“Business immigration is not a single form or a single standard,” said Anu Gupta, attorney at Immigration Desk. “Entrepreneurs and foreign businesses often come to the process thinking in terms of growth goals like opening a location, hiring, and launching a product. However, the immigration system asks for detailed proof of role, eligibility, and structure. Planning early helps align those two realities and avoids last-minute surprises.”

Immigration Desk notes that entrepreneurs and foreign businesses typically evaluate options based on the nature of the US activity and the individual’s role. For some, the relevant question is whether a company can transfer an executive, manager, or specialized employee to a US office under an intracompany framework, particularly when the business can document a qualifying relationship between entities.

For others, the analysis may focus on investment-based categories where the applicant is actively directing and developing a US enterprise. In still other cases, founders may explore categories that emphasize extraordinary ability, research-based work, or employer sponsorship, depending on the individual’s background and the company’s needs.

L-1 and E-2 Visas: Pathways for Multinational Companies and Investors

For companies evaluating intracompany transfers, the L-1 visa provides a structured pathway for multinational businesses to bring executives, managers, or employees with specialized knowledge to a U.S. office — including newly established entities. Immigration Desk notes that L-1 cases require careful documentation of the qualifying relationship between the foreign and U.S. companies, as well as a clear demonstration of the applicant’s role and seniority. For new U.S. offices in particular, USCIS applies additional scrutiny to whether the operation is sufficiently established to support the position being petitioned.

The E-2 treaty investor visa offers a separate route for entrepreneurs from qualifying treaty countries who are making a substantial investment in and actively directing a U.S. enterprise. While the E-2 does not require a minimum investment threshold, Immigration Desk emphasizes that the investment must be proportional to the nature of the business and at risk in a commercial sense — factors that require careful structuring and documentation from the outset. Unlike some other business visa categories, the E-2 does not provide a direct path to permanent residency, which means founders relying on it should also plan for long-term status options early in the process.

The firm also points to a recurring challenge for growth-stage companies: staffing. Employer-sponsored visas can involve strict timing, evolving agency practices, and in some categories, annual numerical limits. In recent years, many employers have sought clarity on how to plan around the H-1B cap and lottery cycle, particularly when hiring needs don’t align neatly with government filing windows.

While the H-1B category remains widely used for specialized professional roles, Immigration Desk emphasizes that businesses should treat it as one part of a broader hiring and compliance plan rather than a single solution, especially when role definitions, worksite compliance, and documentation requirements are central to adjudication.

“People often focus on the name of a visa category, but the practical work is in the documentation and the operational reality behind the petition,” Gupta added. “For businesses, that means understanding what the government expects in terms of job duties, business activity, and the evidence that supports eligibility. For entrepreneurs, it can mean clarifying ownership, funding, and what day-to-day leadership looks like in a way that is consistent and well documented.”

Immigration Desk also notes that immigration planning frequently involves risk management. Businesses may need to consider how quickly a US operation must become functional, what happens if timelines shift, and how to maintain continuity if a petition is delayed or requires additional review. For founders, the concerns often include whether a pathway supports both business operations and personal stability, including travel, family planning, and long-term status options.

The firm cautions that immigration outcomes depend on individualized facts and that what works for one company may not apply to another. However, the most consistent problems, like incomplete timelines, inconsistent documentation, unclear roles, and last-minute filings, are completely avoidable. In response to those issues, Immigration Desk encourages business owners to approach US immigration as a phased process that begins with strategy and thorough preparation, with an operational plan for compliance after arrival.

For more information, please refer to the company’s website.

Immigration Desk
704 Walnut Street Newton, MA 02459
1-800-688-7892
https://immigrationdesk.com/
clients@ImmigrationDesk.com 

At Immigration Desk, attorney Anu Gupta and her team have helped thousands of entrepreneurs, investors, and multinational companies navigate complex immigration matters. With more than 40 years of combined experience and over 10,000 immigration cases handled, the firm has developed a reputation for careful preparation and strategic case planning. Whether you are a startup founder, a multinational executive, or an investor seeking to establish a presence in the United States, Immigration Desk can help you determine the most effective immigration strategy for your situation.

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SOURCE Immigration Desk

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