by Market Overview:
Silver nanowires find widespread application in industries such as touch screens, OLEDs, flexible displays, solar cells, and electro-optic devices due to their high electrical conductivity, optical properties, and flexibility.
Market Dynamics:
Rising demand for electrically conductive materials from the touch screen industry is a major factor driving the growth of the silver nanowires market. Silver nanowires are increasingly being used in the manufacturing of touch screens for consumer electronics such as smartphones, tablets, and laptops due to properties such as high electrical conductivity and flexibility. Additionally, growing demand for transparent conductive films from the photovoltaic industry is also fueling market growth. Silver nanowires help improve power conversion efficiency and mechanical durability of flexible solar cells.
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.
Market Key Trends:
One of the key trends in the silver nanowires market is the increasing adoption of silver nanowires in touch panels. Silver nanowires are widely used as transparent electrodes in touchscreens of devices such as smartphones, tablets, and laptops due to their high electrical conductivity and optical transparency. They provide better performance compared to traditional electrodes such as ITO. The use of silver nanowires improves the touch sensitivity and durability of the touch panels. It allows manufacturers to develop thinner, lighter, and flexible touchscreen devices.
SWOT Analysis:
Strength: The high electrical conductivity and optical transparency of silver nanowires make them a suitable alternative to ITO.
Weakness: Large-scale production of silver nanowires with controlled size and shape uniformity remains a challenge.
Opportunity: Growing demand for touchscreens from the consumer electronics industry as well as flexible/wearable devices is driving opportunities.
Threats: Volatility in silver prices can increase production costs. Also, the threat from other emerging transparent conductive materials.
Key Takeaways:
The global silver nanowires market size is expected to reach US$ 148.1 million in 2023, expanding at a CAGR of 34.6% during the forecast period of 2023 to 2030. The demand is driven by the increasing adoption of silver nanowires in touch panels that are widely used in smartphones, tablets, laptops, and other consumer electronics.
On the basis of region, North America dominated the global market in 2023 and is expected to maintain its lead through 2030. This can be attributed to rapid technological advancements and the strong presence of electronics manufacturers in the region.
The major players operating in the silver nanowires market include 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. Key players are focused on improving the yield rate and throughput of the silver nanowire production process.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
