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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.

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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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As ADA Anniversary Approaches, University of Phoenix Survey Highlights AI’s Potential to Advance Accessibility in Work and Learning

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32 minutes ago

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July 24, 2026

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Survey conducted by The Harris Poll on behalf of University of Phoenix finds among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.

PHOENIX, July 24, 2026 /PRNewswire/ — As artificial intelligence becomes part of how people work, learn and solve problems, a new University of Phoenix survey conducted by The Harris Poll finds that recent working learners see meaningful opportunities for AI to support accessibility. The survey was designed to understand the impact of AI in the workplace and learning environments on accessibility, defined as ensuring digital content, tools and resources, including AI tools and output, are usable by people with different abilities through inclusive design, use of assistive technology or conformance with accessibility standards, such as the Web Content Accessibility Guidelines (WCAG). The findings are being released ahead of the 36th anniversary of the Americans with Disabilities Act (ADA) on July 26.

The survey, conducted among 1,019 U.S. employed adults who completed a professionally presented training or school course in the past 12 months (“recent working learners”), found that, among workers already using AI in the workplace, 3 in 5 (60%) say AI has improved their knowledge of and ability to use accessibility standards and guidelines, including nearly 1 in 5 (19%) who report significant improvement. 

While the findings point to optimism about AI’s accessibility potential, they also reveal an opportunity for clearer organizational guidance: 45% of respondents say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.

“The reality is that accessibility benefits everyone,” shares Kelly Hermann, Vice President of Accessibility and Student Affairs at University of Phoenix. “If accessibility is built in from the beginning, organizations are more likely to create AI-enabled environments that are universally usable. Clearer content, better summaries, accurate captions, and multiple formats can help workers and learners with disabilities, but they also help busy adults, multilingual learners, mobile users, and anyone trying to absorb information quickly.”

Key findings from the survey include:

Workers see AI’s accessibility potential: 89% of recent working learners identify workflows that could benefit from AI and accessibility tools, especially creating accessible documents, presentations, websites or learning materials (38%), presenting information in different formats such as plain language, audio, summaries or translations (33%), and training employees or learners on accessibility practices (30%).AI may help build accessibility awareness: Among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.Accessibility is not always clear in workplace AI policies: 45% of recent working learners say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.AI tools may not yet fully support different access needs: Among those who use workplace AI tools, only about a quarter of survey respondents (27%) say AI tools available through their workplace or professional learning environment support people with disabilities very well.Human oversight remains important: 36% of recent working learners say human review for important decisions or high-impact work should be part of responsible AI use at work or school.Workers also recognize how AI and accessibility can have an impact on their own career journey: 90% of recent working learners identify AI and accessibility skills that would be valuable in their current or desired career field, including 45% who see value in understanding when AI-generated content needs human review.

Why accessibility is essential to responsible AI adoption

As AI tools are used to draft documents, summarize information, generate captions and transcripts, create image descriptions, support learning and assist with workplace tasks, accessibility becomes central to responsible use. Poorly implemented AI can also create or amplify barriers, including inaccessible content, inaccurate summaries, biased outputs and tools that do not work effectively with assistive technologies.

“Responsible AI is not only about productivity,” Hermann said. “It is about whether the technology works for the people who need to use it. AI can help create more accessible materials and more flexible ways to engage with information, but it still requires clear policies, practical training and human judgment to make sure the outputs are accurate, applicable and usable.”

What the findings mean for employers and educators

The survey suggests that organizations have an opportunity to align AI adoption with supportive design, accessibility practices and workforce training. Employers and educators can take immediate steps by:

Naming accessibility directly in AI policies and guidance.Choosing AI tools with accessibility and assistive technology compatibility in mind.Training workers and learners to create, check and improve accessible AI-generated content.Making support pathways clear for people who experience barriers using AI tools.Keeping human review in place for important decisions, high-impact work and accessibility-sensitive outputs.

The survey also found workers want practical AI training. The most helpful resources identified by recent working learners include real-world examples from their field or industry (36%), hands-on practice using realistic workplace scenarios (34%) and step-by-step demonstrations of common tasks (33%).

Accessibility insights from University of Phoenix

Hermann shared the survey findings ahead of the ADA anniversary in recent media interviews. Hermann oversees the University’s accessibility initiative, including evaluation and remediation of curricular resources, the Center for Access, Resources, Engagement and Support Services (CARES), and the Office of Collaborative Learning and Educational Engagement. Her work focuses on fostering accessible and welcoming educational environments for students, faculty and staff.

Hermann’s office at University of Phoenix also convenes accessibility conversations through initiatives such as Access Amplified™, a free, annual virtual event focused on advancing digital accessibility in web development. The event brings together engineers, developers, designers, content authors and digital strategists for practical strategies and human-centered conversations that address the gap between coding practices and how users with assistive technology experience the web.

About the survey

The survey was conducted online within the United States by The Harris Poll on behalf of University of Phoenix from June 22–29, 2026, among 1,019 employed adults ages 18 and older who have taken a professionally presented training or a school course in the past 12 months, referred to as “recent working learners.” Data were weighted where necessary by age, gender, race/ethnicity, region, education, employment, marital status, household size, household income and smoking status to bring them in line with their actual proportions in the population.

Respondents for this survey were selected from among those who have agreed to participate in surveys. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 3.8 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest.

Review the complete survey at phoenix.edu/aiaccessibility.

About University of Phoenix

University of Phoenix is Built for Real Life. 50 Years Strong. The University innovates to help working adults enhance their careers and develop skills in a rapidly changing world through flexible online learning, relevant courses, academic AI pillars, and skills-mapped curriculum for associate, bachelor’s and master’s degree programs. Active students and alumni have access to Career Services for Life® resources including career guidance and tools. For more information, visit phoenix.edu. 

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Mastech Digital to Announce Second Quarter 2026 Financial Results; Participate in Upcoming Investor Conference

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July 24, 2026

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PITTSBURGH, July 24, 2026 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH) (“Mastech Digital”), a leading provider of Digital Transformation IT Services, today announced the date for the release of its financial results for the second quarter ended June 30, 2026, and its participation in an upcoming investor conference.

Second Quarter 2026 Earnings:

Mastech Digital will report its financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a live conference call and webcast at 9:00 a.m. Eastern Time on that day to discuss the Company’s financial performance and operating results.  The conference call will be hosted by Nirav Patel, President and CEO, and Kannan Sugantharaman, Chief Financial and Operations Officer.

Those wishing to participate via webcast should access the call through Mastech Digital’s Investor Relations website at https://investors.mastechdigital.com. Those wishing to participate via telephone may dial in at 1-800-715-9871 (USA) or 1-646-307-1963 (International) with the passcode 7506988. The replay will be available via webcast through Mastech Digital’s Investor Relations website.

Upcoming Investor Conference:

Mr. Sugantharaman will host a fireside chat at the Sidoti Micro-Cap Investor Conference on Wednesday, August 19, 2026, at 9:15 a.m. Eastern Time.

Mastech Digital management is scheduled to host virtual one-on-one and small group meetings with investors during the conference on August 19-20, 2026. Investors interested in arranging a meeting should contact their Sidoti representative or reach out to the Mastech Digital investor relations team at investors@mastechdigital.com.

About Mastech Digital, Inc.

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management, Analytics & AI Solutions, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Visit us at www.mastechdigital.com.

Investor Relations Contact:
investors@mastechdigital.com 

 

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SOLAI Limited Announces Extraordinary General Meeting

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July 24, 2026

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AKRON, Ohio, July 24, 2026 /PRNewswire/ — SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com. 

About SOLAI Limited

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 

 

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