The North America Electronic Films Market would witness market growth of 6.6% CAGR during the forecast period (2021-2027).
There is a rise in trend towards digitalization across developing countries is expected to drive the electronic films market. Due to increase in demand for smartphones, electronic display applications and tablets is resulting in an increase in demand for the electronic film market in the consumer electronics sector. The major disadvantage affecting the market growth is the high production cost due to indium tin oxide film. There have been various improvements in technologies in electric film-based applications over electronic applications which would expect to provide lucrative opportunities in the electric film industry during the forecast period.
There has been an increase in the adoption of smartphones, laptops, tablets, and industrial touch panel displays among vehicle displays which would eventually result in driving the demand for the electronic film market. There is a visible improvement in the technologies of growth for superconductive and protective films, which led to the growth of the market during the forecast period. The factor driving the growth of the electronic film market is the continuously rising demand for LED touch panels in consumer electronics. The prices of ITO material and high processing cost have hampered the electronic film market to some extent.
The market in North America would showcase promising growth rate during the forecast period. This is owing to the increasingly tech-savvy population, which is expected to stimulate demand for innovative electronic goods. Other factors such as changing lifestyles and growing spending power on luxury electronic products are expected to create new growth avenues for the regional electronic films market in the next few years.
There are many technically advanced nations, which have a high demand for consumer electronics like smartphones, computers, and many more. Electronic films are widely used in such consumer electronics and thus bolster the growth of the regional electronic films market. The increasing spending of the customers on technologically advanced gadgets is among the key factors augmenting the demand for electronic films in this region.
The US market dominated the North America Electronic Films Conductive Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $801.5 million by 2027. The Canada market is experiencing a CAGR of 11.1% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 10.1% during (2021 - 2027).
Based on Film Type, the market is segmented into Non-Conductive and Conductive. Based on Material, the market is segmented into Polymer, ITO on Glass, Metal Mesh and Others. Based on Thickness, the market is segmented into Thick (More than 1μm) and Thin (Up to 1 μm). Based on Application, the market is segmented into Electronic Display, PCB, Wire & Cable, Smart Buildings and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Electronic Films Market is Estimated to Reach USD 11.9 Billion by 2027 at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Saint-Gobain Group, TDK Corporation, 3M Company, Daikin Industries, Ltd., Mitsubishi Chemical Holdings Corporation, Toray Industries, Inc., Eastman Chemical Company, Nitto Denko Corporation, Dontech, Inc., and Canatu Oy
By Film Type
By Material
By Thickness
By Application
By Country
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