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Thermal Interface Materials Market Growth to be Boosted by the Increasing Demand from Computer Segment | Technavio


The global thermal interface materials market size is poised to grow by USD 1.34 billion during 2020-2024, progressing at a CAGR of over 11% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

The global thermal materials market is driven by the increasing demand from the computers segment. Overheating is a critical issue in the electronics industry, and materials that aid in the efficient dissipation of heat are required to address the issue. Thermal interface materials are used for providing efficient thermal management in PCs, laptops, tablets, chipsets, graphic cards, and hard disk drives, owing to their advantages. Thermal interface materials are used to enhance thermal conductivity between the heat sink and the source in the CPU by replacing the air gaps or spaces between the components. In addition, thermal interface materials function as grease and adhesives that impart mechanical stability and durability by establishing a link between the two surfaces. The rising demand for cloud and supercomputing and the advent of sophisticated electronics will drive the demand for PCs, laptops, computers, and tablets, thereby driving the market growth.

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Report Highlights:

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Growing Adoption of Industrial Automation will be a Key Market Trend

Industrial automation is continuously growing, as it supports enterprises in industries such as manufacturing to carry out processes with minimal human intervention. The global industrial automation market is expected to grow by around USD 107 billion from 2019 to 2025. Industrial automation involves the application of different control systems, such as thermal interface materials, which enable operating machines to work on their own tasks that require endurance, speed, and precision. Thermal interface materials enable machines to perform tasks with the help of concise automation equipment using an interface instead of levers and switches. These materials consist of liquid crystal display (LCD) panels, usually with touchscreen feature, mounted on the control consoles of industrial automation equipment. Thus, the growing adoption of industrial automation is expected to drive the growth of the market.

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Thermal Interface Materials Market 2020-2024: Key Highlights

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Executive Summary

Market Landscape

Market Sizing

Market Sizing

Five Forces Analysis

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Application

Customer Landscape

Geographic Landscape

Customer Landscape

Geographic Landscape

Vendor Landscape

Vendor Landscape

Vendor Analysis

Vendor Analysis

Appendix

Appendix

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