Thermal Management in Consumer Electronics System Market Analysis

Global Thermal Management in Consumer Electronics System Market Overview

Thermal Management in Consumer Electronics System Market Size was valued at USD 3,496.9 Million in 2022. The Thermal Management in Consumer Electronics System market industry is projected to grow from USD 3,595.3 Million in 2023 to USD 7,992.9 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 9.3% during the forecast period (2023 – 2032). Thermal management in consumer electronics places importance on board-level, system-level, and component-level. 

Electronic devices are made from various components, such as chips, processors, and components. Miniaturization in consumer electronics, such as smartphones, smartwatches, computers, tablets, home appliances & other gadgets, aggravates thermal losses, and these gadgets need careful thermal management. Many electronic and electrical components, such as CPUs and batteries, produce heat. Thermal management is especially critical in consumer electronics, which include many powerful and sometimes highly miniaturized components. It guarantees that the gadgets perform properly despite heat generation and are not harmed. Several materials and concepts with distinct benefits and disadvantages are utilized to disperse heat loss. 

Modern consumer gadgets, such as smartphones, tablets, smartwatches, and smart home goods, are growing more powerful as the installed components become more miniaturized. The devices use processes with millions of semiconductor circuits, high-resolution and brightness screens, high-energy-density batteries, high-performance LEDs, and other components. These components generate thermal losses and must be dissipated. Components and equipment overheat without thermal management, putting functional stability and operational safety at risk.

Figure1: Thermal Management in Consumer Electronics System Market, 2019 - 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Thermal Management in Consumer Electronics System Market Driver

EXPONENTIAL GROWTH IN CONSUMER ELECTRONICS INDUSTRY

As the demand for consumer electronics continues to surge, manufacturers are producing increasingly powerful and feature-rich devices. This growth presents several challenges related to heat generation and dissipation, making effective thermal management a crucial consideration.

• Increased Processing Power: The consumer electronics industry is marked by the continuous pursuit of more processing power and performance. This results in higher energy consumption and heat generation, making efficient thermal management essential to prevent overheating and maintain reliable device operation.


• Diverse Product Range: The industry offers a wide range of consumer electronics, from smartphones and laptops to smart TVs and wearable devices. Each of these devices has unique thermal characteristics and requirements, necessitating tailored thermal management solutions for each product category.


• Proliferation of IoT Devices: The exponential growth of the Internet of Things (IoT) has led to an influx of connected devices in homes and workplaces. Many of these devices are compact and operate in various environments, making efficient thermal management vital to ensure their stable and safe operation.


• Shortened Product Lifecycles: The consumer electronics market is known for its rapid innovation cycles, with new models and features being introduced frequently. Shortened lifecycles mean that devices need to perform optimally and reliably within their operational timeframe, which requires effective thermal management to prevent premature failures.

Thermal Management in Consumer Electronics System Market Segment Insights:

Thermal Management in Consumer Electronics System Type Insights

Based on Type, the Thermal Management in Consumer Electronics System Market segmentation includes Type (Thermal Interface Materials (TIM) { Phase Change Materials, Greases, Gels, Thermal Adhesives, Thermal Tapes, Dielectric Pads, Heat Spreaders, Potting & Underfill Materials, Gap Filler Pads}, Heat Pipes { Loop Heat Pipes, Pulsating Heat Pipes (PIP), Vapor Chamber Heat Pipes, Thermosyphon, Others}, Advanced & Hybrid Systems {Cryogenic Cooling, Microchannel Cooling, Refrigerant Cooling, Cold Plates, Direct Immersion Cooling, Others}). The Thermal Interface Materials (TIM) segment held the majority share in 2022, contributing around ~47.5% to the market revenue. Thermal Interface Materials (TIMs) play a critical role in the thermal management of consumer electronics, ensuring efficient heat transfer between components and heat sinks to prevent overheating and maintain optimal device performance. Various types of TIMs are utilized to address different thermal challenges and requirements within the consumer electronics market.

Figure2: Thermal Management in Consumer Electronics System Market, by Type, 2022 VS 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Thermal Management in Consumer Electronics System Application Insights

Based on application, the Thermal Management in Consumer Electronics System Market segmentation includes (Home Appliances {TV Sets, Fridges, Washing Machines, Others}, Laptops & Computers, Smartphones & Tablets, Augmented Reality and Virtual Reality Headsets, Gaming Consoles, Others). The mobile and laptop segment held the majority share in 2022 contributing around ~31.4% to the market revenue. Thermal management plays a vital role in ensuring the optimal performance, energy efficiency, and safety of home appliances. From TV sets to refrigerators and washing machines, effective thermal solutions are essential to prevent overheating, extend the lifespan of components, and enhance user experience.

Thermal Management in Consumer Electronics System Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In terms of revenue, Asia-Pacific held the largest share of 45.5% in the Thermal Management in Consumer Electronics System market in 2022 and is expected to maintain its dominance during the forecast period. North America is the second largest market for Thermal Management in Consumer Electronics systems, followed by Europe and Asia-Pacific. The APAC thermal management in consumer electronics market is a dynamic landscape that reflects the region's robust electronics manufacturing industry and its position as a global technology hub. The market in this region has been segmented into key countries including South Korea, Japan, China, India, Taiwan and the rest of APAC. The consumer electronics market in the APAC region has witnessed remarkable growth over the years, driven by factors such as rapid urbanization, rising disposable incomes, and technological advancements.

The APAC thermal management market in consumer electronics, particularly in China, holds significant growth potential due to China's dominant position in electronics manufacturing, making it a central player in the APAC region for thermal management in consumer electronics. The country's vast consumer electronics production, including smartphones, tablets, and other gadgets, drives the demand for efficient thermal management solutions. As consumers increasingly demand high-performance devices, the need for effective cooling technologies becomes imperative to maintain performance and reliability.

Japan's reputation for technological innovation and precision engineering extends to the thermal management sector. The country's electronics giants, such as Sony and Panasonic, have a global presence, driving demand for cutting-edge cooling solutions. The emphasis on miniaturization and high-quality manufacturing creates opportunities for advanced thermal management technologies that align with Japan's commitment to quality and innovation.

Figure3: THERMAL MANAGEMENT IN CONSUMER ELECTRONICS SYSTEM MARKET SIZE BY REGION 2022 VS 2032

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, Taiwan and Brazil.

The thermal management in consumer electronics market in North America is undergoing a transformative phase due to the increasing complexity and heat generation of modern electronic devices. Manufacturers are continuously innovating to develop cutting-edge thermal management solutions that ensure optimal performance, extended device lifespans, and enhanced energy efficiency.

The US is a leading market in North America, accounting for a significant market share. The US thermal management in consumer electronics market is driven by innovation and a strong tech industry. Rising demand for effective thermal solutions in compact and powerful devices is evident, particularly in smartphones, tablets, and laptops. Manufacturers are integrating advanced cooling techniques such as liquid systems and phase change materials to counter high processor heat. Gaming's importance has led to innovative cooling for intensive gaming sessions. The market's eco-consciousness is boosting eco-friendly thermal solutions, aligning with consumer preferences for energy-efficient products. Overall, the US market showcases advancements in thermal management driven by device performance, gaming needs, and environmental concerns.

Thermal Management in Consumer Electronics System Key Market Players & Competitive Insights

Modern consumer electronics are becoming increasingly powerful, which means that they generate more heat. This is especially true for devices with high-performance processors, such as smartphones, laptops, and gaming consoles. As a result of these factors, thermal management is becoming increasingly important for ensuring the reliable operation and longevity of consumer electronics. Without proper thermal management, devices can overheat and malfunction, or even be damaged. MRFR has analyzed some of the major players in the global thermal management in consumer electronics market who have contributed to the market growth. These include Parker Hannifin Corporation, Boyd, Laird Technologies, Inc., 3M, DOW, Inc., Honeywell International, AI Technology, Inc., Jaro Thermal, European Thermodynamics Limited, Delta Electronics, Inc., Advanced Cooling Technologies, Inc. (ACT), Inspiraz Technology, Shin-Etsu Chemical Co., Ltd.

Among these, Honeywell International Inc., Henkel AG & Co KGaA, Parker Hannifin Corporation, Boyd Corporation, Laird Technologies Inc. (DuPont)are among the top 5 players in global thermal management in consumer electronics market. These players focus on expanding and enhancing their product portfolio and services to remain competitive and increase their customer base. Additionally, these players are focusing on partnerships & collaborations to expand their business and customer base to enhance their market position.

Key Companies in the Thermal Management in Consumer Electronics System market include

• Parker Hannifin Corporation


• Boyd


• Laird Technologies, Inc.


• 3M


• Dow Inc. (Dow)


• Henkel AG & Co KGaA


• Honeywell International Inc.


• AI Technology, Inc.


• JARO Thermal, Inc.


• Delta Electronics, Inc


• European Thermodynamics Ltd.


• Advanced Cooling Technologies, Inc.


• Inspiraz Technology


• Shin-Etsu Chemical Co., Ltd.

Thermal Management in Consumer Electronics System Industry Developments

• In July 2022, Honeywell and British aerospace company Reaction Engines Limited signed a memorandum of understanding to collaborate on developing thermal management technologies as a key enabler to reduce aircraft emissions, regardless of the fuel type used in the aircraft.

Thermal Management in Consumer Electronics System Market Segmentation

Thermal Management in Consumer Electronics System Type Outlook

• Thermal Interface Materials (TIM)
  
  
  
  • Phase Change Materials
  
  
  • Greases
  
  
  • Gels
  
  
  • Thermal Adhesives
  
  
  • Thermal Tapes
  
  
  • Dielectric Pads
  
  
  • Heat Spreaders
  
  
  • Potting & Underfill Materials
  
  
  • Gap Filler Pads
  
  
  
  


• Heat Pipes
  
  
  
  • Loop Heat Pipes
  
  
  • Pulsating Heat Pipes (PIP)
  
  
  • Vapor Chamber Heat Pipes
  
  
  • Thermosyphon
  
  
  • Others
  
  
  
  


• Advanced & Hybrid Systems
  
  
  
  • Cryogenic Cooling
  
  
  • Microchannel Cooling
  
  
  • Refrigerant Cooling
  
  
  • Cold Plates
  
  
  • Direct Immersion Cooling
  
  
  • Others
  
  
  
  

Thermal Management in Consumer Electronics System Application Outlook

• Home Appliances
  
  
  
  • TV Sets
  
  
  • Fridges
  
  
  • Washing Machines
  
  
  • Others
  
  
  
  


• Laptops & Computers


• Smartphones & Tablets


• Augmented Reality and Virtual Reality Headsets


• Gaming Consoles


• Others

Thermal Management in Consumer Electronics System Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • UK
  
  
  • Germany
  
  
  • France
  
  
  • Italy
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Taiwan
  
  
  • South Korea
  
  
  • Rest of Asia Pacific
  
  
  
  


• Middle East & Africa


• South America