Global Electronic Films Market Forecast to 2023
December 10, 2018 | Globe NewswireEstimated reading time: 1 minute
The electronic films market size is estimated to be $7.6 billion in 2018 and is projected to reach $10.2 billion by 2023, at a CAGR of 6% between 2018 and 2023.
Electronic films offer various benefits such as chemical resistance, high-temperature tolerance, low coefficient of friction, optical transparency, conductivity, UV & weather resistance, fouling resistance, moisture resistance, high insulation, non-flammable properties, low surface energy, and low dielectric constant. Owing to these properties, electronic films are used in various applications such as electronic display, PCBs, and semiconductors.
The increasing demand for smartphones, tablets, and other similar consumer electronic devices is a major factor driving this market. However, the high manufacturing cost of electronic films is restraining the growth of this market.
On the basis of film type, the electronic films market is segmented into non-conductive and conductive films. The conductive films segment is projected to register highest CAGR. Conductive films are mainly used as optical films in the display of electronic devices such as smartphones, displays, wearable devices, tablets, notebooks and others, including monitors and desktop PCs.
They are used to provide low resistance, high transparency, and excellent conductivity. Conductive films require a layered technology, which enhances their properties. ITO on glass, ITO on polyethylene terephthalate (PET), silver nanowire, carbon nanotubes, metal mesh, and others, including poly(3,4-ethylenedioxythiophene) or PEDOT and micro-fine wire, are the key materials used to produce conductive films.
Semiconductors is a major application of electronic films. The market in this segment is projected to register the highest CAGR, in terms of value and volume, during the forecast period. Electronic films are used in semiconductors for surface protection and encapsulation purposes.
The high heat resistance, non-stick properties, and good flexibility at molding temperature make these films suitable for use in semiconductors. Electronic films are widely used in semiconductor manufacturing for high-purity and chemical-resistant moldings.
The electronic films market in APAC is projected to register the highest CAGR during the forecast period, in terms of both value and volume. This growth is attributed to the high demand for consumer electronics in China, South Korea, Japan, and Taiwan which are the leading producers of electronics globally.
Also, the APAC countries such as Japan, Korea, Taiwan, and Singapore are regarded as important global sources of high-end semiconductors and other key parts and components.
Suggested Items
IDTechEx Discusses Low-Loss Materials: The Enabler of Future Connected Vehicles?
05/06/2024 | IDTechExFuture connected vehicles will offer future drivers a safer, smoother, and more convenient driving experience. Not only will drivers get access to more navigation and entertainment options, but they will also gain access to safety technologies that will potentially reduce accidents, improve congestion, and reduce emissions globally by allowing vehicle safety systems to communicate with each other and with city traffic infrastructure.
HBM Prices to Increase by 5–10% in 2025, Accounting for Over 30% of Total DRAM Value
05/06/2024 | TrendForceAvril Wu, TrendForce Senior Research Vice President, reports that the HBM market is poised for robust growth, driven by significant pricing premiums and increased capacity needs for AI chips.
Tablet Shipments Show Signs of Recovery in Q1 2024
05/06/2024 | IDCAfter more than two years of decline, worldwide tablet shipments posted modest year-over-year growth of 0.5% in the first quarter of 2024 (1Q24), totaling 30.8 million units, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.
Industrial PC Market Size to Record $1.75 Billion Growth from 2023-2027
05/03/2024 | PRNewswireThe global industrial pc market size is estimated to grow by USD 1.75 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of almost 6.29% during the forecast period.
Real Time with… IPC APEX EXPO 2024: Direct Imaging Equipment and Quad-wave DLP Light Engine Technology
05/03/2024 | Real Time with...IPC APEX EXPOGuest Editor Kelly Dack and MivaTek's Brendan Hogan delve into the company's innovative technologies, including direct imaging equipment and quad-wave DLP light engine technology. They highlight the benefits of direct imaging, compensation, and DART technology.