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The Global Electronic Films Market size is forecast to reach USD 11.66 billion from USD 7.72 billion in 2019, delivering a CAGR of 5.2% through 2027. The growth of the electronic films market is driven by demand for smartphones, tablets, and other electronic devices integrated with electronic displays, the massive popularity of the touchscreen technology, along with the emergence of 5G.
Electronic films are used in circuit materials of a variety of consumer electronics products like smartphones, computers, tablets and play a crucial role in the design and manufacturing of the modern era’s high technology electronic displays. The extensive application of the product in consumer electronics is a result of its excellent properties such as high-temperature tolerance, chemical resistance, low coefficient of friction, exceptional conductivity, optical transparency, UV & weather resistance, high insulation, moisture resistance, low dielectric constant, and low surface energy.
The growing popularity of flexible display films and wearable displays among consumers will significantly contribute to the electronic films market revenue share over the forecast period. The rapid proliferation of IoT (Internet of Things) across industries, government institutes, and academic institutes is fuelling the demand for display devices. Huge investments by governments across the globe for infrastructure development projects such as intelligent transportation systems and smart cities and will foster electronic films market share over the analysis period.
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The report is an engaging document that provides vital statistical information about the market in terms of dales, revenue, market share, and market size with regards to product types, application spectrum, regional bifurcation, leading players, and technological advancements.
Further key findings from the report suggest
Based on type, the conductive film segment is estimated to witness a notable growth rate of 5.9% over the projected timeframe. The robust growth can be attributed to the excellent properties offered by the product, such as high optical clarity, maximum light transmission, and high electrical resistance for optimum efficiency.
On the basis of material, the ITO on PET segment is likely to account for a major chunk of the electronic films market share, exhibiting a growth rate of 7.1% through 2027. ITO coated PET films are transparent, electrically conductive, and flexible electronic films, and are experiencing high demand from a wide range of flexible display applications.
Based on application, the semiconductors segment is likely to account for major revenue generation in the global electronic films market, delivering a CAGR of 6.7% through 2027. The robust growth can be attributed to the growing demand for semiconductor devices in various sectors, including IT & telecommunications, automotive, medical industry, and consumer electronics.
In the regional landscape, Europe accounted for 23% of the electronic films market share in 2019 and is set to witness substantial growth over the forecast period on account of the rapid proliferation of 5G along with the presence of a large number of OEMs in the region.
The Asia Pacific accounted for 31% of the electronic films market share in 2019 and is expected to witness the fastest growth rate of 6.5% over the forecast period. The robust growth can be attributed due to the expansion of the consumer electronics industry along with growing investments in the emerging technologies by the regional government.
Key players operating in the global electronic films market are Gunze, Saint-Gobain S.A., Toray Industries Inc, Nitto Denko Corporation, The Chemours Company, DowDuPont, Teijin Ltd., 3M Corporation, Toyobo Co, Ltd, TDK Corporation, Oike & Co. Ltd., O-film Tech Co Ltd, and Mitsubishi Chemical Holding, among others. These industry players are adopting several strategies such as acquisitions, mergers, collaborations, new product development, and capacity expansion, thereby supporting the overall growth of the electronic films market. Moreover, rising investments by the key industry players for the R&D activities will further bolster the growth of the electronic films market over the analysis period.
The Global Electronic Films Market is segmented as follows:
Material Outlook (Revenue, USD Billion; 2017-2027)
Polymer
ITO on Glass
ITO on PET
Metal Mesh
Copper Films
Others
Film type Outlook (Revenue, USD Billion; 2017-2027)
Non-conductive
Conductive
End Use Outlook (Revenue, USD Billion; 2017-2027)
Electronic Display
Printed Circuit Boards
Semiconductors
Electric Wires & Cables
Others
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The report provides an explicit analysis of the market with regards to growth driving factors, restraining factors, regulatory framework, threats and opportunities, financial hurdles to offer a thorough outlook of the market. The report also covers value chain analysis, market share, market size, CAGR, sales and revenue, import/export, the scope of the market, growth prospects,and other key factors.The report offers a regional analysis that covers key geographies such as North America, Europe, AsiaPacific, Latin America, and Middle East & Africa.
The report applies advanced analytical tools such as SWOT analysis, Porter’s Five Forces analysis, along with feasibility analysis and investment return analysis. It also offers strategic recommendations to new entrants as well as established companies about market barriers. It also offers insights into futuristic business opportunities, market scope, threats, and obstacles, to enable fruitful business decision-making process.
Furthermore, the report renders a complete analysis of the Electronic Films market that allows readers to formulate profitable and lucrative business strategies by offering insights into the competitive landscape, crucial market details, growth prospects, regional rules and regulations, and other key factors.
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