”, the market is driven by the growth of flexible electronics applications, automotive, medical industries etc.
Americas dominates the Silver Nanowire Market
Americas is expected to dominate the Silver Naowire Market during the forecast period. It will reach revenue of $199.37 million by 2023 at a CAGR of 5.97%. American manufacturers have been investing a lot in silver nanowires to improve the performance of the existing systems and to develop new applications. In the US, R&D is focusing on miniature sensors, high speed processing, improved virtual reality training, and unmanned combat aerial vehicles. US is the major market for silver nanowires in North America, followed by Canada and Mexico. In Europe, Germany, Russia, and the UK are the key regions.
Selected Analysis done in the full Report:
The Displays segment in 2017 had reached a value of $158.51 million. It is expected to reach $229.96 million by 2023 at a CAGR of 5.46%. This sector will dominate the Silver Nanowire Market during the forecast period. Smartphones, cash dispensers, and touchscreens need transparent electrodes to recognize finger pressure. The glass surfaces of these devices have nanowires, which have a great potential as transparent electrodes in display. Silver nanowires are used as charge carriers in OLEDs, which results in higher power efficiency. AgNWs are used in touch screen applications as they give a faster response and due to their weightlessness. ITO panels which are used in touchscreen panels are replaced by AgNWs. The increasing demand for flexible displays in smartphones and tablets will spur the growth of the Silver Nanowire Market.
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Excerpts on Market Growth Factors:
Silver Nanowires are being used as substitutes in place of Indium Tin Oxide in applications such as touchscreens, since they provide cost effectiveness and transparency.
The growth of the consumer electronics market in countries such as China and India will drive the demand for silver nanowires in the coming years.
The use of OLED in the HUD displays of automobiles will drive the demand for AgNWs, as they can be incorporated in the present OLED display panels.
The growth of the organic semiconductor devices segment will spur the growth of the Silver Nanowire Market.
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Key players of the Silver Nanowire Market:
Cambrios Technologies Corp., Novarials Corporation, Hitachi Chemical Company, and American Elements are the key players which enhance the growth of the Silver Nanowire Market during the forecast period. Cambrios Technologies Corp manufactures ClearOhm Silver Nanowire Coating Material that is used to make transparent conducting layers on different substrates to enable applications such as touch screens and liquid crystal displays. Novarials Corporation produces silver nanowires that can be used to make high optical quality transparent conductive layers. Hitachi Chemical Co.Ltd and C3Nano have partnered to develop transparent conducting transfer films using the silver nanowire based solutions from C3Nano. American Elements is involved in business segments such as Nanotechnology, green technology, rare earths, fuel cells, and alternative energy materials.
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