Electronic Films market is projected to grow at a considerable CAGR of 5.8% during the forecast period (2021-2027). Various pivotal factors such as growth in IoT (Internet of Things) market, technological advancement in electronics market, cohesive government initiatives, among others create significant demand for the electronics devices which in turn is anticipated to drive the electronic films market. These modern-day electronics includes LED television, smartphones, RFID (radio-frequency identification) tags, instrument panels, lighting, among others. In the last decade, the internet connectivity has increased significantly. Globally, as per the International Telecommunication, the percentage of individuals using the internet was increased to 51.0% in 2018 as compared to 29.0% in 2010. In the emerging economies, the percentage increased from 20.0% in 2010 to 45.0% in 2018.

The rising demand for the flexible devices in consumer electronics is estimated to be the major factor that is driving the electronic films market growth. The smartphone segment is one of the major application areas for thin films as thin films are generally used to make ICs in the smartphones. The use of thin electronic film enables smartphones makers to take shatterproof, thinner, and slimmer design. Thus, the demand for electronics films has increased substantially due to evolution of smartphone into compact and energy efficient devices.

 Segmental Outlook  

The Electronic Films market is segmented on the basis of film type, material type, and application. Based on the film type, the electronic films market is segmented into conductive films and non-conductive films. Based on material type, the electronic films market is segmented into polymer, information technology outsourcing (ITO) on glass, metal information technology outsourcing (ITO) on pet, and others (metal mesh). Based on material, metal information technology outsourcing (ITO) on petis anticipated to exhibit considerable CAGR during the forecast period. Flexibility, transparency, and electrical conductance of metal IOT on pet electronic films is anticipated to promote their adoption which in turn will drive the growth of this market segment. Based on application, the electronic films market is segmented into electronic display, semiconductors, printed circuit boards (PCBs), others (wires & cables, photovoltaic)

Electronic Display to be considerable segment based on Application

Electronic films are highly used in the manufacturing of electronic display. The rapid penetration of LED and OLED displays over the last few years are driving the demand for electronic films. Moreover, the flourishing e-commerce and gaming markets have resulted in a growing demand for high quality electronic display which is further contributing towards the high share of this market segment.

Global Electronic Films Market Share by Application, 2020 (%)

Regional Outlook 

The global electronic films market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America is estimated to hold a significant share in the global market. The major factor that is augmenting the demand for electronic film market in the region includes the high penetration of premium smartphone brands with flagship offerings and other consumer electronic devices. According to the Centre for Digital Information (CDI) North America is the home of approximately 11.0% of smartphone users across the globe. The total number of smartphone users in North America is estimated to be 229 million in 2016, up from 189 million in 2014. It is further estimated to reach 272 million by 2020 as per CDI. The US is estimated to be the major market of smartphones in North America. Therefore, the increasing smartphone users coupled with advancement in smartphone charging technologies such as wireless charging further provides substantial growth to the market.

Global Electronic Films Market Growth, by Region 2021-2027

Asia-Pacific will augment with the significant growth rate in the Electronic Films market

The major countries which will have a significant market share during the forecast period are India, China, and Japan. The presence of major smartphone and other consumer electronics manufacturers operating in the region include LG Electronics (South Korea), Samsung Electronics Co. Ltd. (South Korea), and Panasonic Corp. (Japan), and a very few flagship models of these companies supports growth of the market in Asia-Pacific. The sales of Apple and Samsung (high price variant) are comparatively lower in the region due to which the region holds a small market share in 2018.According to India Brand Equity Foundation (IBEF), Indian appliance and consumer electronics (ACE) market reached $ 10.9 billion in 2019 and is expected to $ 21.18 billion by 2025. The growing consumer electronics industry in India is further anticipated to drive the growth of electronics films market across the region.

Market Players Outlook

3M Co., Coveris Management GmbH, DowDuPont, Inc., Eastman Chemical Company, Gunze Ltd., Mitsubishi Chemical Holding, Mitsubishi Chemical Holdings, Nitto Denko Corp., O-film Tech Co Ltd., Oike & Co. Ltd., SABIC, and Saint-Gobain S.A. among others, are the major manufacturers of electronic films across the globe. These manufacturers are adopting different growth strategies including capacity expansion, mergers and acquisitions, new product launch, and product innovation to remain competitive in the marketplace. 

Report Covers:

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global electronic films market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.