PUBLISHER: The Business Research Company | PRODUCT CODE: 1707062
PUBLISHER: The Business Research Company | PRODUCT CODE: 1707062
Thick-film hybrid integrated circuits (HICs) are sophisticated electronic circuits that integrate multiple electrical components into a single unit. The "thick-film" aspect refers to the process of depositing conductive, resistive, and insulating materials onto a substrate, accomplished through techniques such as screen printing and firing layers of paste materials to form the desired circuit patterns. These circuits are designed to be compact, reliable, and high-performing, suitable for operation in challenging environments.
The primary substrates used in thick-film hybrid integrated circuits include 96% Al2O3 ceramic substrates, beryllium oxide (BeO) ceramic substrates, aluminum nitride (AIN)-based substrates, among others. The 96% Al2O3 ceramic substrate, made predominantly of aluminum oxide, is valued for its excellent electrical insulation, thermal conductivity, and stability, making it an ideal platform for circuit components in thick-film HICs. These circuits encompass various product types such as active, passive, and electromechanical components, serving diverse applications such as avionics and defense, automotive systems, telecommunications, computer technology, consumer electronics, and more.
The thick film hybrid integrated circuits market research report is one of a series of new reports from The Business Research Company that provides thick film hybrid integrated circuits market statistics, including thick film hybrid integrated circuits industry global market size, regional shares, competitors with an thick film hybrid integrated circuits market share, detailed thick film hybrid integrated circuits market segments, market trends and opportunities, and any further data you may need to thrive in the thick film hybrid integrated circuits industry. This thick film hybrid integrated circuits market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The thick film hybrid integrated circuits market size has grown strongly in recent years. It will grow from $3.68 billion in 2024 to $3.93 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to growing electronics, rising demand for miniaturization, increasing adoption in the automotive industry, growth in the telecommunications sector, expanding medical device applications, government regulations and standards, and high initial investment costs.
The thick film hybrid integrated circuits market size is expected to see strong growth in the next few years. It will grow to $5.06 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to the growth of IoT devices, advancements in 5G technology, increasing demand for wearable devices, rising investments in smart infrastructure, the expansion of the renewable energy sector, increasing need for efficient power management, and the and the growing automotive electronics. Major trends in the forecast period include miniaturization and integration of electronics, rapid prototyping and customization, the emergence of advanced materials, and integration with emerging technologies.
The increasing demand for consumer electronics is expected to drive the growth of the thick-film hybrid integrated circuits market. Consumer electronics include devices designed for personal and daily use, such as smartphones, tablets, laptops, and home entertainment systems. Advancements in technology, expanding connectivity, and the increasing desire for convenience and entertainment are fueling the rising demand for consumer electronics. Thick-film hybrid integrated circuits are utilized in these devices to combine the benefits of thick-film and integrated circuit technologies, providing compactness, reliability, and cost-effectiveness. For example, in February 2024, the Japan Electronics and Information Technology Industries Association, a Japan-based trade organization, reported that consumer electronic equipment production reached $201.91 million (¥31,685 million), an increase from $149.27 million (¥23,425 million) in January 2023. As a result, the growing demand for consumer electronics will drive the expansion of the thick-film hybrid integrated circuits market.
Leading companies in the thick-film hybrid integrated circuits market are concentrating on developing innovative hybrid bonding reference flows to improve performance, enhance thermal management, and minimize interconnect resistance. These efforts aim to create higher-density, high-reliability solutions for applications across industries such as automotive, aerospace, telecommunications, and medical devices. Hybrid bonding reference flow refers to a standardized or recommended process in semiconductor manufacturing, particularly in advanced packaging and 3D integration. For example, in February 2023, United Microelectronics Corporation (UMC), a Taiwan-based semiconductor company, partnered with Cadence Design Systems, an India-based software firm, to develop a 3D-IC Hybrid Bonding Reference Flow. This collaboration is intended to improve the efficiency and effectiveness of 3D integrated circuit (IC) design, with a focus on advanced semiconductor applications in areas such as edge AI, image processing, and wireless communication.
In January 2023, HEICO Corporation acquired Exxelia International, a France-based manufacturer of passive components and precision subsystems, including thick-film surface mount resistor circuits. This acquisition enhances HEICO's portfolio, expanding its range of components for aerospace, defense, space, and upscale markets, while also strengthening its presence in the European market.
Major companies operating in the thick film hybrid integrated circuits market are Panasonic Corporation, GE Aerospace, Infineon Technologies AG, ROHM CO. LTD, Vishay Intertechnology, KEMET Corporation, Fenghua Advanced Technology Holding CO.LTD, Semtech Corporation, TT Electronics, Anritsu Corporation, Beijing Sevenstar Electronics Co. Ltd., KYOCERA AVX, Ohmite Manufacturing Company, Electro Technik Industries Inc., Delphi Technologies, Zhejiang Huzhou Xinjingchang Electronics Co. Ltd., Corintech Ltd, VPT Inc., AUREL s.p.a., Custom Interconnect Limited, Japan Resistor Mfg. Co. Ltd., Micro Hybrid Electronic GmbH, Advance Circuit Technology Inc., Cermetek Microelectronics, Hybrionic Pte, Bergh Hybrid Circuits, Integrated Technology Lab, Midas Microelectronics, Weiking Electronics Manufacturing, Globec Limited
North America was the largest region in the thick film hybrid integrated circuits market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the thick film hybrid integrated circuits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the thick film hybrid integrated circuits market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The thick-film hybrid integrated circuits market consist of sales resistors, capacitors, inductors, diodes, transistors, ICs, sensors, and power modules. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Thick Film Hybrid Integrated Circuits Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on thick film hybrid integrated circuits market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for thick film hybrid integrated circuits ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The thick film hybrid integrated circuits market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.