A recent report by Allied Market Research, titled “Electronic Films Market by Film Type, Thickness, Material, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2028,” reveals that the global electronic films market is on a strong growth trajectory. The market, valued at 7.75 billion in 2020, 12.62 billion by 2028, growing at a compound annual growth rate (CAGR) of 7.00% during the forecast period.
Electronic films are specialized materials used in various electrical and electronic applications, including electronic displays, printed circuit boards, and semiconductors. These films are particularly popular in electronic display applications due to their large surface area, which allows for high utilization. The technology is categorized into thick and thin films, with thick films being widely used in printed circuit boards. This trend is expected to create significant opportunities for the electronic films market in the coming years.
The growing demand for electronic film technology in the consumer electronics sector is a key driver of market growth. This demand is fueled by the increasing popularity of smartphones, tablets, and electronic display applications, as well as the ongoing trend of digitalization in developing countries. However, the market faces challenges, such as rising manufacturing costs associated with indium tin oxide films, which could hinder growth.
Despite these challenges, advancements in electronic film-based applications are expected to open up lucrative opportunities for the industry. Innovations in electronic applications are likely to drive further adoption of electronic films, supporting the market’s expansion through 2028.
In summary, the electronic films market is poised for remarkable growth, driven by rising demand in consumer electronics and technological advancements, even as cost-related challenges persist.
