Rapidly increasing demand for electronics gadgets is set to drive the Global Silver Nanowire Market to $408.14 Million by 2021.
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Nanotechnology refers to a wide range of technologies conducted on functional systems (physical, chemical and biological systems) at the nanometer scale (atomic, molecular, and macromolecular scale). Silver nanowires have been considered as the next generation transparent conductive electrodes (TCEs) in semiconductor devices owing to their properties such as higher optical transmittance, reduced sheet resistance, flexibility and low processing cost.
Silver nanowires find their applications in various industries such as automotive, electronics, medical and many more. Moreover, major application of silver nanowires are in electronics and photovoltaic due to their increased transparency and conductivity.
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A silver nanowire generated revenue of $299.04m in 2016 and is projected to grow at a CAGR of 6.23% during the forecast period to reach $408.14m by 2021. Display applications are occupying highest share among all remaining applications followed by sensors and solar cells.
The major driver of silver nanowire market is persistent drive towards using silver nanowires (AgNWs) as a viable substitute for Indium Tin Oxide (ITO) in applications such as touchscreens. The global silver nanowire market is dominated by North America region and Asia-Pacific region is poised to exhibit the fastest growth.
The Global silver nanowire market report is a comprehensive study of the market for different types of ingredients, applications and geography.
The Silver Nanowire market is analyzed by the following Applications:
Printed Circuit Boards
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Following key players of Silver Nanowire market were also covered as part of the market landscape analysis:
American Elements Corporation (US)
Cambrios Technologies Corp. (US)
Novarials Corporation (US)
Showa Denko K.K (Japan)
Plasmachem GMBH (Germany)
The global entrance matting market has also been analyzed for four geographic regions which include North America, APAC, Europe and Rest of the World.
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