South Korea Anisotropic Conductive Film Market Outlook

south korea anisotropic conductive film market is anticipated to witness significant growth over the forecast period, 2018 to 2032, driven by the increasing demand for mobile devices such as smartphones, tablets, and other electronics. the anisotropic conductive film (acf) market in south korea is primarily driven by the need for integrated touching system for electronic devices. the adoption of acf is mainly driven by the flexibility of the films in transporting an electrical signal in comparison to wire-bonding. it offers enhanced and faster bonding of small components and therefore, is witnessing increased demand in apac countries. rising penetration of smart electronic appliances is anticipated to fuel the acf market during the forecast period. the rising r&d activities for development of highly efficient acfs for latest technology electronic devices is further expected to fuel market growth in the country. various government bodies are taking initiatives in expanding the technology use, influencing the market spread and product advancements. for instance, the korean ministry of knowledge economy provides subsidies to the companies of any size having direct manufacture of materials, parts, and devices used in micro-electro-mechanical systems, nano-electronics, and ultra-precision machining. moreover, numerous key players operating are also indulged in product developments to meet the needs of the new technologically advanced consumer electronic products. for example, wisechip semiconductor inc. manufactured the world’s first reverse mounted lcd in 2018 with the help of acf as a part of its product offering. moreover, introduction of 5g in south korea is likely to increase the demand for acf in the country. the panel makers dealing with prominent smartphone players are increasingly adopting acf for providing faster and efficient performance. the growing demand for acf in smart watch and gaming console applications is expected to further boost the market demand and thereby bolster the market growth. furthermore, various preference programs include tax reliefs in investments for supporting the acf manufacturers by south korean government. this is expected to further propel the market growth potential during the forecast period. however, cost issues associated with the acf processing, along with ease of product tears, are anticipated to create hindrances to the market growth in the coming years.