Anisotropic Conductive Adhesives Market is forecasted to expand at the CAGR of nearly 11% over 2021-2031 - States Fact.MR

Rising demand for flat panel displays for smartphones, tablets, laptops, smart wearables, etc., is the key driver pushing demand for anisotropic conductive film (ACF).

Manufacturers are concentrating on improving the performance and production output of mobile information terminals, enhancing operability and image quality, and manufacturing lightweight and touch control systems.

To get in-depth information view the report - https://www.factmr.com/report/5315/anisotropic-conductive-film-acf-market

Also, changing demographics (ageing) across developed regions is also aiding demand growth for anisotropic conductive film, as the number of medical devices required at healthcare centres is rising.

Furthermore, growing trend of lightweight automotive is also leading to rising demand for ACF in OLEDs and vehicle dashboards.

At present, East Asia holds the largest revenue in the global anisotropic conductive film (ACF) market, owing to the well-established electronic manufacturing industry in the region since decades, especially in Japan.

Two of the top manufacturers of anisotropic conductive film, i.e. Showa Denko Materials and Dexerials Corp. are headquartered in the country.

As per the report published by Fact.MR, the global anisotropic conductive film market is anticipated to exceed a valuation of US$ 840 Mn by 2021, and is expected to expand at an impressive CAGR of around 11% over the forecast period of 2021 to 2031.

To Know the COVID-19 Impact on Europe Region, Request for Sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=5315

Key Takeaways from Market Study

Anisotropic conductive films are typically used for display devices; however, their usage in new non-display devices is also increasing.

Small width anisotropic conductive film (less than 1.25 mm) account for 34% of the sales, and is mostly manufactured and utilised in East Asian countries.

The Asia Pacific region, including East Asia, South Asia, and Oceania, accounts for more than 40% of global shipments. The market in Asia Pacific is expected to offer around US$ 668 Mn absolute dollar opportunity over the next ten years.

The market is largely dominated by key players (tier 1). These companies are Showa Denko Materials, Dexerials Corporation, and 3M, and hold around 85% of the global market share.
By end user, device OEMs hold around 90% of the overall market share.

Share Your Requirements & Get Customized Reports - https://www.factmr.com/connectus/sample?flag=RC&rep_id=5315

Application in smartphones and tablets amounts for over 40% overall demand.

The ACF market in China and Taiwan is projected to expand at a CAGR of around 10% through 2031, while that in Japan and South Korea at 12%.

“To tackle the dominance of Showa Denko Materials and to have a larger hold in the ACF market, other players need to create a strong network with distributors in more demanding nations.

With 5G communication around the corner, entering into contacts with major distributers across countries can prove to beneficial” says a Fact.MR analyst.

Winning Strategy

Key manufacturers in the anisotropic conductive film industry are continuously spending a lot on R&D to improve the functionality of their products. With increasing demand for narrower pitch connectors, manufacturers would be benefitted if they update their products according to the requirements of the electronics manufacturing industry.

Buy Now for Exclusive Analyst Support - https://www.factmr.com/checkout/5315/S

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global anisotropic conductive film market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.

The study reveals essential insights on the basis of film width (< 1.25 mm, 1.25 - 2.0 mm, and > 2.0), connection type (chip-on-glass, chip-on-flex, chip-on-board, and others), application (televisions & monitors, smartphones & tablets, PCs & laptops, smart wearables, vehicle displays, and others), and end user (device OEMs and repairers), across five major regions of the world (North America, EMEA, East Asia, South Asia & Oceania, and Latin America).

Visit Our Website - https://www.factmr.com/

Content Source – https://www.factmr.com/media-release/1869/global-anisotropic-conductive-film-acf-market

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.