Published on : Dec 27, 2019
ResearchMoz.us has announced the addition of a report, titled “Global OLED ACF Market Insights, Forecast to 2025.” The global OLED ACF market is witnessing an increasing demand by major manufacturers like Samsung which is expected to create new opportunities and perhaps lead to major shifts in manufacturing dynamics. The OLED ACF market is driven by increasing innovation as competition for ACF technology heats up amidst rising demand for the same in smartphones, TVs, and other display monitors. The market report thoroughly discusses robust growth prospects and prominent strategies implicated by several key players operating in the global OLED ACFmarket. The report is aimed at understanding the key drivers to market growth and help players in their quest to gain leading position in terms of revenues. The report is available on the website ResearchMoz.us as well.
Rising Demand for Wearables Promises New Opportunities
The OLED ACF technology is widely used in displays of smartphones, TVs, and increasingly becoming the go-to option in wearables. The wearable technology is on the verge of finding its feat as medical applications continue to promise new opportunities for players. Additionally, companies like Google are expected to enter the wearable technologies with talks of acquisition of FitBit looming large on the tech scene. Moreover, companies like Xioami and Huawei are driving intense competition in the wearable sector with cost-effective devices. The rising demand for wearable technology, potential access to healthcare information of consumers and new applications, and rising growth of cost-effective wearable technology is expected to create new opportunities for players in the OLED ACF market.
On the region, the OLED ACF market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Of these, North America is expected to dominate the global market followed by Asia Pacific.Furthermore,the rising demand for electronic displays in Asia Pacific, and rising disposable income are expected to lead to register the fastest CAGR growth in the near future. The contributing factors are expected to drive robust growth in the OLED ACF market during the forecast period of 2018-2026. Latin America is also expected to witness promising growth led by increased demand from Mexico, Brazil, and Chile.
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Samsung to Open Up New Opportunities for Growth
According to industry sources, Samsung is planning to diversify its ACF suppliers in the coming months. The company is one of the largest manufacturer of LCDs and recently decided to move away from a steady long term supplier, Kukdo Chemical. The news also announced a major dynamic manufacturing shift in the global OLED ACF market. in early 2000, several Japanese companies like Sony led the growth of the global OLED ACF market. However, today new players from Taiwan, China, and Korean continue to lap new opportunities in the market. Moreover, according to industry sources, Samsung is looking to cut costs even further making OLED ACF technology even more price-sensitive in the near future.
Some of the key players in the global OLED ACF market are CHEIL, Dexerials, Samsung, UPAK, Hitachi, TeamChem, LS mtron, and Shenzheng Fisher among others.