Anisotropic Conductive Film Market is Expected to Reach USD 4.15 Billion by 2030
As per the report published by Kings Research, the global Anisotropic Conductive Film Market was valued at USD 2.65 billion in 2022 and is projected to reach USD 4.15 billion by 2030, growing at a CAGR of 5.88% from 2023 to 2030.
The ACF market is evolving rapidly, driven by advances in electronic technology, environmental concerns, and the need for reliable and cost-effective interconnects. As electronic devices continue to become more complex and widespread, the demand for ACF is expected to continue growing, with new developments and innovations likely to emerge in the years to come. The growing awareness of environmental concerns and the need for sustainable solutions is a vital trend in the market. Researchers are exploring new materials for ACF particles, such as liquid crystal elastomers, which can be self-healable and recyclable. This helps reduce electronic waste and promote environmental sustainability.
- By product, the epoxy-based segment is anticipated to register a significant CAGR of 6.43% during the forecast period from 2023 to 2030
- On the basis of technology, the Chip-on-glass (COG) segment is anticipated to register a significant CAGR of 7.17% during the forecast period from 2023 to 2030
- Based on end-use, the displays segment is anticipated to register a significant CAGR of 6.59% during the forecast period from 2023 to 2030
- On the basis of region, North America is anticipated to emerge as the 2nd fastest-growing region with a CAGR of 5.61% during the forecast period
Action IR has Signed an Agreement with SunRay Scientific to Launch ZTACH ACE Z-Axis Pressure-less Anisotropic Conductive Adhesive
December 2022: Action IR, a leading manufacturer representative and co-developer of PLACE-N-BOND, has recently entered into an agreement to provide support for the implementation and design of SunRay Scientific materials. This includes ZTACH ACE, a pressure-less anisotropic conductive adhesive, which is set to revolutionize the industry.
Rising Applications in the Automotive Industry are Driving the Market Growth
The use of anisotropic conductive film (ACF) is increasing in automobile applications, particularly in advanced driver assistance systems (ADAS) and infotainment systems. ACF is used as an adhesive interconnect system in these systems, providing a reliable means of interconnecting components within a limited space. As the demand for more advanced and integrated systems in automobiles continues to grow, the use of ACF in automobile applications is likely to rise as well.
Rising Development of Smart Cities Will Create New Opportunities for Market Expansion
The use of anisotropic conductive film (ACF) is expected to play a key role in the development of smart cities, as it is a crucial component in the manufacturing of various electronic devices used to create smarter infrastructures. ACF is currently being developed with the aim of improving communication infrastructures and driver monitoring systems, among other things, and is expected to see significant growth as the demand for smarter technologies continues to increase.
North America is Anticipated to be the 2nd Fastest Growing Region with a CAGR of 5.61% over the Forecast Period
The increasing usage in a variety of industries such as aerospace, automotive, displays, and electronic components worldwide. Moreover, the increased number of electric cars and advances in electronic devices are in turn rising the usage of ACF is expected to grow globally.
Increasing Focus On Strategic Mergers and Acquisitions for Sustainable Growth
The global anisotropic conductive film study is fragmented with key players such as 3M, SunRay Scientific, BTECHCORP, PVA TePla America, DELO Industrial Adhesives LLC, Pixel Interconnect, Dexerials Corporation, Henkel AG & Co. KGaA, Showa Denko Materials Co. Ltd. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.