May 29, 2024
Silver Nanowires Market

Silver Nanowires Market are Transforming the Touchscreen Displays Growth Globally

Silver nanowires are finding increasing uses in touchscreen displays and transparent conductive films due to their properties like high electrical conductivity, flexibility, and optical properties. These nanomaterials are used as transparent electrodes in applications like touchscreens, LCD screens, OLED displays, solar panels etc. as an alternative to indium tin oxide. Silver nanowires form a highly conductive mesh when deposited on a surface as an ultra-thin film. This allows them to be integrated into touch-enabled devices without compromising on optical clarity. Their flexibility also makes them suitable for applications requiring bendable or curved surfaces. With the rapid growth of the consumer electronics industry and rising demand for larger, bendable and foldable touch-enabled devices, the need for superior transparent electrode materials like silver nanowires is increasing substantially.

The Global Silver Nanowires Market Size is estimated to be valued at US$ 170.57 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends driving growth in the silver nanowires market is their increasing usage in touchscreens of smartphones, tablets and other consumer electronic devices. With more sophisticated devices featuring bendable AMOLED displays entering the market, the requirement for flexible, high-performance transparent electrodes is growing. Silver nanowires are able to meet this need due to properties like flexibility, high conductivity and optical transparency. This is supporting increasing adoption of the material by major display and device manufacturers. Another major trend is the utilization of silver nanowires as transparent heaters and electrodes in applications like smart windows, mirrors and displays. Owing to their conductive and optical properties, silver nanowires can replace traditional wire grid polarizers and inorganic transparent conductive materials like ITO.

Porter’s Analysis

Threat of new entrants: Low barriers to entry as nanowire synthesis is relatively simple. However, established players dominate the market with strong R&D capabilities and brand value.

Bargaining power of buyers: Moderate bargaining power due to availability of substitutes like silver flakes, copper nanowires. However, superior properties of silver nanowires compared to other materials increase dependence of buyers.

Bargaining power of suppliers: High bargaining power of raw material suppliers like silver. High dependency of manufacturers on key raw material suppliers.

Threat of new substitutes: Moderate threat from emerging next-gen transparent conductive materials. However, silver nanowires have better conductivity, flexibility and cost benefits compared to alternatives.

Competitive rivalry: Intense competition among established players to gain higher market share. Focus on R&D, product quality and customer relationships.

Key Takeaways

The global silver nanowires market is expected to witness high growth over the forecast period. Factors such as rapid urbanization, infrastructure development and industrialization are driving demand in Asia Pacific region which remains the fastest growing regional market for silver nanowires. The global Silver Nanowires Market is estimated to be valued at US$ 170.57 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031.

Regional analysis: Asia Pacific region dominates the global silver nanowires market and is expected to grow at a highest CAGR during the forecast period. Countries such as China, India, Japan and South Korea are major contributors to regional market growth due to increasing industrial activities and infrastructure development in the region.

Key players: 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. and Litokol. Players are focusing on new product launches and capacity expansion to meet the growing demand for silver nanowires.

*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it