Global Anisotropic Conductive Adhesive Film (ACF) Market Report 2023-2029. (Internet Services - Other Internet Services)
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Global Anisotropic Conductive Adhesive Film (ACF) Market Report 2023-2029. | |
Anisotropic Conductive Adhesive Film (ACF) Market Summary According to our (Global Info Research) latest study, the global Anisotropic Conductive Adhesive Film (ACF) market size was valued at US$ 484.78 million in 2022 and is forecast to a readjusted size of USD 683.93 million by 2029 with a CAGR of 4.99% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. Market Drivers: Miniaturization and increased density of electronic devices: With the ongoing trend of miniaturization and the demand for smaller and thinner electronic devices, ACF found its applications in connecting delicate components where traditional soldering techniques were impractical. Growing demand for flexible electronics: ACF played a crucial role in the assembly and connection of flexible electronic components, such as bendable displays and wearable devices. Advancements in display technology: ACF was commonly used in the manufacturing of flat-panel displays, such as LCD and OLED screens. As the display technology improved and the demand for high-resolution Restraint: Use of conducting materials such as gold, nickel and others plays a huge role in the cost of manufacturing ACF. Currently, many manufacturers are focusing on using soldering material in place of expensive metals. However, inside the resin, these metals have better probability of leading to a short circuit. Other than this, manufacturers are spending heavily on ACF R&D to develop more advanced films. Manufacturers perform a lot of tests to certify the product before dispatching ACF from the warehouse. This further adds to the cost of production. Storing and transportation at a particular temperature is another additional cost borne by supplier/distributors. ACFs consist of resin binder, conductive particle and additives. Higher resolution display electronic devices increasingly needs ultra-fine pitch assemblies. On that account, display driver interconnection technology has become a major challenge for upscaling display electronics. Researchers have moved to one step closer to realizing ultra-fine resolution for displays with a novel thermoplastic anchoring polymer layer structure. This new structure can significantly improve the ultra-fine pitch interconnection by effectively suppressing the movement of conductive particles. This film is expected to be applied to various mobile devices, large-sized OLED panels, and VR, among others. Opportunity: Growing Adoption in Electronics Assembly: Anisotropic Conductive Films found extensive use in the electronics industry for assembling various electronic components. They are used for connecting flexible printed circuit boards (FPCBs) to other components like display panels, touchscreens, and small electronic devices. Rise of Smart Devices: The proliferation of smartphones, tablets, wearables, and other smart devices contributed to the increased demand for ACFs. These devices required reliable and compact interconnections, which ACFs offered. Growing Asian Market: Asia, particularly China, Japan, South Korea, and Taiwan, dominated the ACF market due to their significant electronics manufacturing base. The region's expanding electronics industry contributed to the overall growth of the ACF market. Industry Consolidation: The ACF market saw some degree of consolidation as companies merged or acquired competitors to expand their product offerings and market presence. In 2022, the global top five Anisotropic Conductive Adhesive Film (ACF) players account for 93.7% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Anisotropic Conductive Adhesive Film (ACF). In terms of product type, Chip on Glass is the largest segment, hold a share of 18.4%, In terms of product application, Displays is the largest application, hold a share of 79.3%,  | |
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2024-04-27 (0.394 sec)