Micro Transfer Printing Market - Forecast(2024 - 2030)

Micro Transfer Printing Market Overview

The global Micro Transfer Printing Market size is forecasted to reach $1.28 billion by 2027, growing at a CAGR of 8.95% during the forecast period from 2022-2027. Globally, growing demand of micro transfer printing technology for making Micro LED Display is set to drive the Micro Transfer Printing Market. Micro Transfer Printing is used as a cost-effective and scalable manufacturing platform for integrating micro-scale devices such as lasers, LEDs or integrated circuits onto non-native substrates. Moreover, Micro Transfer Printing Technology based solar cells are also used to produce very low weight, flexible, efficient and weatherized high concentration photovoltaic (CPV) module for generation of electricity can be another factor boosting the growth of the market. Presently, PDMS has been the most widely used micro transfer printing seal material for applications of soft lithography owing to its useful properties such as low cost, biocompatibility, low toxicity, chemical inertness, versatile surface chemistry as well as mechanical flexibility and durability which also contributes to the growth of the market. However there is a adhere need for more high performance materials as micro transfer printing seals which can hamper the market growth. Such factors are vital for the growth of the market. 

Micro Transfer Printing Market Report Coverage

The report based on: “Micro Transfer Printing Market-Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of Micro Transfer Printing Market Industry Outlook.

Key Takeaways

• Silicon Photonics & Optoelectronics dominated the global Micro Transfer Printing Market with a share of 30.15% in 2021, owing to its usage in valuable source materials such as lasers, modulators, and detectors.
• Semiconductor industry dominated the global Micro Transfer Printing Market with a share of 20.82% in 2021 due to increasing usage of portable devices.
• APAC Micro Transfer Printing Market held the largest share in 2021, owing to factor such as rising semiconductor industry.

Micro Transfer Printing Market Segment Analysis-By Applications

Based on applications, Silicon Photonics & Optoelectronics dominated the global Micro Transfer Printing Market with a share of 30.15% in 2021 and is also anticipated to witness significant growth during 2022-2027, owing to its wide use in telecommunication. Micro-Transfer Printing can be used to make Photonic Integrated Circuits (PICs) with very efficient usage of valuable source materials, such as lasers, modulators, and detectors. PICs allows complex optical and opto-electronic functions on a very compact footprint with high reliability and also its cost are significantly lower than with conventional technologies (relying on bulk optical or other assembly platforms) for the same function. Micro Transfer Printing technology provides benefits such as efficient assembly of multiple heterogeneous material, precision alignment at each step, mass transfer and minimized device sizes. Owing to its benefits, Micro Transfer Printing is no doubt a better solution for Silicon Photonics & Optoelectronics, thus raising its adoptability. Furthermore, increasing use of silicon photonics in hyper scale data center and high-performance computing applications also contributes to the growth of the market indirectly. Additionally, high investment in cloud services by large enterprises increases during the pandemic period accelerates the adoption of silicon photonics among hyper scale data centers. For instance, according to a report from Nutanix Inc, a leader in private cloud, hybrid, and multi-cloud computing, 63% of India’s enterprises increased its investments in hybrid cloud data services in 2020 to mitigate the impact of Covid19 on business operations. Such investments can increase the implementation of silicon photonics in data centers which in turn will further influence the market growth of micro transfer printing technology in the long run. Such factors are further set to drive its market growth in the long run.

Micro Transfer Printing Market Segment Analysis-By End-User

Based on End-user, Semiconductor industry dominated the global Micro Transfer Printing Market with a share of 20.82% in 2021 and is also anticipated to witness significant growth during 2022-2027. The growing adoption of portable devices is the major volume driver for the rise of semiconductor industry during the forecast period. Portable devices such as smart phones, tablets and laptops are anticipated to drive the adoption of 3D ICs, thus creating opportunities for the adoption of micro transfer technology. Micro Transfer Printing technology allows heterogeneous integration, thus providing cost-effective production of 3D ICs that incorporate a wide range of passive and discrete components. With the incorporation of micro transfer printing technology based 3D ICs, power & space savings can improve battery life and form factor. Furthermore, government investment in expansion of semiconductor industry will create opportunities for the growth of the market. For instance, in 2021, the government of India decide to fund $10 billion to boost semiconductor and display manufacturing in the country, in order to attract large chip makers and make India as hi-tech production hub globally. Such investments can increase the implementation of micro transfer printing technology for the production of 3D IC, which can influence the market growth of in the long run.

Micro Transfer Printing Market Segment Analysis-By Geography

Asia-Pacific region held the largest share 36% in the global Micro Transfer Printing Market in 2021, owing to the growing semiconductor industry in this region. China’s semiconductor industry is to become one of the largest in the world which creates opportunities for the growth of the market in this region. According to the Semiconductor Industry Association (SIA), the Chinese semiconductor industry is estimated to invest $12.3 billion in 2021 and $15.3 billion in 2022, on CAPEX contributing about 15% of the global total. Similarly according to wall street journal 2021, presently Taiwan is producing the most number of chips in the whole world. Taiwan Semiconductor Manufacturing Company (TSMC) holds 53% of the Global Semiconductor Foundry market in 2021. Furthermore, growing investments in the semiconductor industry will create opportunities for the adoption of micro transfer printing technology for the production of 3D ICs. In November 2021, Japanese government decided to invest US$6.8 billion on cutting-edge chip manufacturing production capacity, legacy production such as analog chips and power management parts and research and development of next-generation silicon to make Japan a major global provider of essential integrated chips. Such investments can increase the implementation of micro transfer printing technology for the production of IC, which can influence the market growth of in the long run.

Micro Transfer Printing Market Drivers

Growing demand of Micro transfer printing technology for making Micro LED Display positively impacts the market growth

Growing demand of micro transfer printing technology for making Micro LED Display positively impacts the market growth, owing to rising number of smartphones, tablets, and other hand-held devices. Micro Transfer Printing technology provides high accuracy, scales to large format target substrates, supporting massively parallel high-throughput assembly and manipulating objects that are too small and/or numerous to handle by other means. Such advantages of Micro Transfer Printing technology raises the demand of implementation of this technology in display panels, thus helps in transforming display industry. Micro Transfer Printing based micro-LED promises excellent environmental robustness, brightness, spatial resolution and efficiency. In January 2021, X Display Company (XDC), a leader in Micro-LED displays, announced the installation of the world’s first 300mm Elastomer Stamp based Micro Transfer Printing (MTP) equipment. The equipment is designed to produce tabletop, 200mm, 300mm and custom panel tools of Micro-LED displays to provide reliable, cost effective and support a number of applications and different phases of development from lab to mass production. Such developments will positively impact the growth of the market.

Rise in use of micro transfer printing technology for RF Communication can drive the market forward

Rising use of micro transfer printing technology for RF Communication is set to be one of the factors that can drive the market forward during the forecast period 2022-2027. Increasing data traffic and emergence of the carrier aggregation is a major driver for the RF communication. Micro-Transfer Printing enabled RF 3D ICs can tightly integrate III-V HEMTs and passives on CMOS to provide ultra-high RF communication. Micro transfer printing based RF 3Ds provide benefits such as increase in performance and power density and reduce cost of IC chips. Such benefits will increase the implementation of this technology in RF communication. Portable devices such as smart phones, tablets and laptops are anticipated to drive the adoption of RF 3D ICs, thus creating opportunities for the adoption of micro transfer technology. With the incorporation of micro transfer printing technology based 3D ICs, power & space savings can improve battery life and form factor. Such benefits will positively impact the market growth.

Micro Transfer Printing Market Challenges

Issues related to micro transfer printing technology can hamper the market growth.

Though Micro Transfer Printing Technology have lot of advantages but issues associated with this technology can act as a major challenge restraining the growth of Micro Transfer Printing Market. Common issues associated with this technology are the achievable resolution of the transferred structures and that employed nano materials i.e. CNTs are degraded due to incomplete removal of solvents present in the ink that decelerate its adoption. Moreover, influence of the size design of the seal surface microstructure on the transfer printing is often neglected. Presently, seal materials such as PDMS and SMP are used but there is a need for more superior performance materials as micro transfer printing seals. Owing to the above mentioned factors, implementation of Micro Transfer Printing will be significantly impacted, thus hampering its market growth. Furthermore, micro transfer printing technology is mostly limited to scientific experimental research and cannot be applied to industrial production, therefore electronics companies are still reluctant to adopt this technology. Such factors have been creating an adverse impact on its market growth.

Micro Transfer Printing Market Landscape

Partnership, Acquisitions, Collaboration, technology launches and R&D activities are key strategies adopted by players in the Micro Transfer Printing Market. The Micro Transfer Printing Market top 10 companies include:

• X-Celeprint

Recent Developments

• In September 2021, X-FAB Silicon Foundries, the leading foundry for analog/mixed-signal and specialty semiconductor solutions, collaborated with X-Celeprint to become the first foundry to provide customers with MTP-based heterogeneous integration. This collaboration will help to integrate diverse range of semiconductor technologies for particular functional requirements. Such collaborations will boost the demand for micro transfer printing resulting to market growth.

Relevant Report Titles:

Micro-printing Market – Forecast (2022 - 2027)

Report Code: ESR 0005

Laser Induced Forward Transfer Market – Forecast (2022 - 2027)

Report Code: ESR 0666

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