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Insights on the Global Conformal Coating in Electronics Market 2020-2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats | Technavio


The global conformal coating in the electronics market size is expected to grow by USD 978.13 million during 2020-2024, progressing at a CAGR of almost 8% during the forecast period.

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The increasing demand for smart wearable is one of the major factors propelling market growth. However, factors such as regulations on high emissions of VOC will hamper market growth.

Consumer electronics and communication devices constitute a major application area for conformal coating in electronics. The sales of smartphones, smart wearables, and IoT devices will have a direct impact on the demand for conformal coatings. Therefore, the demand for conformal coating in consumer electronics will grow with the growing demand for smartphones. However, with the introduction of wireless communication standards, such as 3G, 4G, WiMax, and near-field communication (NFC), the number of bands has become fragmented, requiring multiple modules for different standards. Additionally, the demand for conformal coating in electronics is also expected to witness growth due to the increasing adoption of smart wearables and IoT devices, such as smartwatches, fitness trackers, virtual reality (VR) headsets, wireless sensors, and monitoring devices.

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Global Conformal Coating in Electronics Market: Type Landscape

The acrylic conformal coating segment will account for the largest market share. Some of the major factors fueling the market segment's growth is the prevention of possible damage to heat-sensitive components and its low cost in comparison with other coating materials. Market growth in this segment will be slower than the growth of the market in the silicone, urethane, and epoxy segment.

Global Conformal Coating in Electronics Market: Geographic Landscape

APAC was the largest conformal coating in the electronics market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as rapid growth in automotive, aerospace and defense, and consumer electronics segments and increased government spending in these segments will significantly drive conformal coating in electronics market growth in this region over the forecast period. 40% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for conformal coating in electronics in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Global Pipe Coating Market: The pipe coating market size has the potential to grow by $ 2.86 bn during 2020-2024, and the market's growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get a FREE Sample Report in Minutes!

Global Scratch-resistant Glass and Coating Market: The scratch-resistant glass and coating market size for consumer electronics has the potential to grow by USD 4.49 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get a FREE Sample Report in Minutes!

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Conformal Coating in Electronics Market 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Type

Customer Landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

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