Silver Nanowires Market Is Estimated To Witness High Growth Owing To Increasing Demand In Touch Screens And Emerging Opportunities In Flexible Electronics
Market Overview:
Silver nanowires are highly conductive nanostructures which possess properties such as excellent electrical and thermal conductivity. They are majorly used in manufacturing of touch screens and transparent conductive films. Several consumer electronics companies are increasingly incorporating touchscreen technology in smartphones, tablets, laptops, POS machines and other devices driving demand for silver nanowires.
Market Dynamics:
Rising adoption of touchscreen technology in consumer electronics is one of the major factors propelling growth of the global silver nanowires market. According to reports, over 95% of smartphones sold globally are equipped with touchscreen interfaces. In addition, emerging applications of silver nanowires in flexible electronics, wearables and smart textiles are expected to provide lucrative opportunities over the forecast period. Silver nanowires offer advantages over other conventional materials such as indium tin oxide (ITO) including flexibility, low-cost and solution processability which is further propelling their use in manufacturing of flexible displays.
SWOT Analysis
Strength: Silver nanowires have high electrical and thermal conductivity. They provide high flexibility, stretchability and transparency for various applications. Silver nanowires' manufacturing process allows affordable mass production.
Weakness: Silver nanowires have shortcomings like poor coverage of junctions between nanowires which can cause conductivity/functional issues. There are concerns regarding the environmental and health impact of nanomaterials which requires further research.
Opportunity: Growing demand for transparent flexible electronics and wearable devices presents a major opportunity for silver nanowires. Increasing solar PV installations also drives the need for optically clear conductive materials.
Threats: Stagnating demand for existing applications and environmental regulations restricting use of silver nanowires can impact growth. Strong competition from alternatives like graphene, carbon nanotubes poses a threat.
The global Silver Nanowires Market Demand is estimated to be valued at US$ 148.1 Million in 2023 and is expected to exhibit a CAGR of 34.6% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights.
Key Takeaways
The global silver nanowires market is expected to witness high growth, exhibiting CAGR of 34.6% over the forecast period, due to increasing demand for transparent conductive films in touch panels, OLED lighting and wearables. The market size is projected to reach US$ 148.1 million in 2023.
Regional analysis
Asia Pacific dominates the global silver nanowires market currently due to high production and consumption in countries like China, South Korea and Japan. China alone accounts for over 50% of worldwide demand due to strong electronics manufacturing base. North America and Europe are other major markets driven by high penetration of consumer electronics and solar PV installation.
Key players
Key players operating in the silver nanowires market are Cambrios, Blue Nano, C3Nano, Nanopyxis, Hefei Vigon Material Technology, Gu’s New Material, ACS Material, Zhejiang Kechuang Advanced Materials, BASF, PlasmaChem, Suzhou ColdStones Technology, Nanopix, Novarials, Abrisa Technologies, ACS Material LLC, Blue Nano Inc., Cambrios Technologies Corporation, Hefei Vigon Material Technology Co., Novarials Corporation, Seashell Technology LLC.
Read More: https://blogger-veritas.blogspot.com/2023/11/silver-nanowires-market-segment.html
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