North America Anisotropic Conductive Film Market Outlook

the north america anisotropic conductive film (acf) market is expected to witness significant shift in demand as well as product portfolio in the period 2018-2032. this shift is attributed to the growing demand for advanced electronic wiring technologies, wearable electronics, and touch screen display applications. there has been a steady growth in demand for acf in the past couple of years due to its use in various consumer electronics segments such as cellular phones, home appliance, automotive, tablets, and others. this growth has promoted the need for cost-effective and reliable bonding techniques, which acf is able to deliver. with the increasing demand for sophisticated electronics, acf is expected to witness greater market traction over the next decade. furthermore, the north american market has seen healthy growth in the adoption of printed circuit boards (pcb) and connectors in consumer electronics, signaling potential opportunities for the acf market participants. the increasing penetration of advanced display technologies, such as oled and micro-led, is likely to further propel the growth of the acf market in the coming years. apart from the printed circuit boards, there is a strong demand for acf from computing and storage segment, particularly for component interconnection in the motherboards of laptops and servers. growing proliferation of networking devices and the ever-increasing complexity of them have also led to the growth of acf. the north america acf market is projected to benefit from the use of acf as an interface for high speed memory chips, graphic processors, and various other components hosted in emerging consumer electronics devices. the advent of iot is seen as a major factor driving acf demand in the near future. additionally, increasing investments by the companies into r&d activities is expected to drive the growth of the acf market in the coming years.