Electronic Films Market Estimated to Experience a Hike in Growth By 2028
Electronic Films Market Expected to Reach $12.62 Billion by 2028
WILMINGTON, DELAWARE, UNITED STATES, June 3, 2024 /EINPresswire.com/ -- The global electronic films market share is expected to witness steady growth, owing to increased infrastructural development of smart buildings for commercial and residential sectors. Moreover, the rise in the adoption of IoT devices and the surge in digitalization further accelerate the market growth rapidly.
Allied Market Research, titled, โElectronic Films Market by Film Type, Thickness, Material, and Application: Global Opportunity Analysis and Industry Forecast, 2021โ2028,โ the electronic films industry size was valued at $7.75 billion in 2020, and is projected to reach at $12.62 billion by 2028, growing at a CAGR of 7.00% during the forecast period.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ & ๐๐๐: https://www.alliedmarketresearch.com/request-sample/A11602
Electronic film technology is intended for use in electric & electronic applications such as electric displays, printed circuit boards, semiconductors, and others. Electronics films are widely used across electronic display applications, owing to massive surface area m`eant for high utilization of electronic films. Further, electronic film applications are divided into thick and thin films. Besides, thick films are widely used across a printed circuit board, which is expected to offer immense opportunities for the electronic films market during the forecast period.
The rise in demand for electronic film technology in the consumer electronics sector, owing to surge in demand for smart phones, tablets, and electronic display applications coupled with an increase in trend toward digitalization across developing countries is anticipated to propel the electronic films market growth. However, the rise in manufacturing costs associated with indium tin oxide films acts as a major restraint for the market growth. Further, surge in technological advancement in electric film-based applications across electronic applications is expected to provide lucrative opportunities for the electric film industry during the forecast period.
The non-conductive segment was the highest contributor to the market in 2020. The polymer and metal mesh segments collectively accounted for around 75% market share in 2020.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎโ๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/A11602
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
The Electronic Films industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
๐๐จ๐ฆ๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐ ๐ข๐ฅ๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐,
3M
DuPont
Eastman Kodak Company
GUNZE LIMITED
NITTO DENKO CORPORATION
Panasonic Corporation
Saint-Gobain S.A.
TDK Corporation
TEIJIN LIMITED.
TOYOBO CO., LTD.
The COVID-19 outbreak has significantly impacted the electronic film market growth across the globe. Delays caused in production due to a lack of skilled workforce and raw material availability due to partial and permanent lockdowns have hindered the growth of the market in various regions. However, the surge in adoption of advanced electronic display and printed circuit board equipment in industrial and manufacturing sectors across the world has propelled the growth of the electronic films market revenue. Further, the emergence of COVID-19 led to a fall in demand for electronic-based applications. This subsequently affected the growth of the electronic film industry.
Region-wise, Asia-Pacific holds a significant share of the global electronic film market. Asia-Pacific holds the major market share in the electronics and semiconductor industry. Therefore, the demand and the revenue generated from Asia-Pacific dominate on the global level.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A11602
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ
- In 2020, the non-conductive segment accounted for maximum revenue and is projected to grow at a notable CAGR of 7.00% during the forecast period.
- The thick segment accounted for around 60% of the electronic films market share in 2020.
- The metal mesh segment of the electronic film market is projected to grow at a CAGR of 9.20% during the forecast period.
- Asia-Pacific contributed a major share of the electronic films market revenue, accounting for more than 34% share in 2020.
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports consider significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on analyzing high-tech and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
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Allied Market Research
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