Silver nanowires find widespread adoption in touch screens and transparent conductors owing to their high electrical conductivity and optical transparency. Silver nanowires serve as an alternative to indium tin oxide and help enable the development of flexible and bendable electronic devices. They are increasingly being used in applications such as touch panels, OLED and LCD displays, smart devices and transparent electrodes.
The global Silver Nanowires Market is estimated to be valued at US$ 148.06 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: The rising adoption of silver nanowires in touch screens and transparent conductors has been a major factor propelling the market growth. Silver nanowires allow the production of thinner, lighter and more energy efficient devices. They conduct electricity and transfer signals effectively while occupying very less space. Moreover, silver nanowires can replace ITO as the transparent electrode in bendable displays of next generation devices. Their elasticity and flexibility enables new form factors in consumer electronics. The advanced properties of silver nanowires are expected to drive their increasing demand from the touch screen and display industries.
Segment Analysis
The global silver nanowires market is segmented by type into under 30 nm, 30-50 nm, 50-70 nm, 70-80 nm, and 80-100 nm. The 30-50 nm segment currently dominates the market due to rising demand for solar applications that require transparent conductive films with optical and electrical properties offered by silver nanowires within this size range.
Key Takeaways
The global Silver Nanowires Market Share is expected to witness high growth over the forecast period of 2023 to 2030. The global Silver Nanowires Market is estimated to be valued at US$ 148.06 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.
Asia Pacific currently holds the largest share of the silver nanowires market owing to high presence of key players such as Quantum Profile Systems Ltd. and Amstep Products in countries like China and India. North America is projected to be the fastest growing regional market due to increasing research & development activities focused on developing new applications of silver nanowires in sectors such as touch panels, flexible displays, and smart textiles.
Key players operating in the silver nanowires market are Quantum Profile Systems Ltd., Amstep Products, Novaproducts Global, Optimum Technologies, Inc., Tarkett S.A., MEISHUO Building Materials Co. Ltd., Kinesik Engineered Products, Spectrum Floors, C.A.T. LTD.
For more insights, read- https://www.newsanalyticspro.com/silver-nanowires-market-trends-size-and-share-analysis/
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