An approximately US$5 Bn global market for transparent conductive films (2021) is foreseen to demonstrate around 10.5% growth between 2022 and 2029. An upcoming study of Fairfield Market Research intends to provide a deep-dive analysis of the market to reveal the most significant growth influencers, trends, remunerative opportunity, and competition. Widespread application in a broad range of optoelectronic devices such as LEDs, LCDs, OLEDs, solar panels, and electrochromic glass will drive the transparent conductive films market ahead. The photovoltaic industry has been recently registering soaring consumption of transparent conductive films as one of the key materials. Consistently dropping smartphone prices, frequent entry of energy-efficient devices, and advent of touch-based user interfaces are expected to collectively work in favour of the market in long run.
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Superior Alternatives Remain Key Growth Challenges for Transparent Conductive Films Market
Transparent conductive films continue to find extensive application in manufacturing of electronic devices like smartphones, laptops, tablets, and smart wearable devices. The flourishing import-export scenario in smartphone space, and favourable government initiatives in form of funds and incentivization will play out as a vital factor elevating growth prospects of transparent conductive films market. However, the report highlights the fact that there is a wealth of functionally superior alternatives available on the market that also deliver additional advantages when compared with transparent conductive films. This according to the report will remain the major impediments facing transparent conductive films market. It also suggests that the market for transparent conductive films will continue to surge ahead on account of the perceived higher environmental stability, and cost efficiency.
ITO Remains Dominant Material, Smartphones Key Application Area in Transparent Conductive Films Market
Market analysis by material reveals that indium tin oxide (ITO) on PET will continue to dominate the other segments, including ITO on glass, carbon nanotubes, and silver nanowire. In terms of application, smartphones recorded to be the largest revenue contributing category in 2021. The other segments include tablets, notebooks, wearable devices, computers, and laptops. Increasing ubiquity of smartphones worldwide will continue to drive the highest demand for transparent conductive films in global market.
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Asia Pacific’s Lead Intact in Transparent Conductive Films Market, Automotive Industry Key Catalyst
Growth of automotive industry has been predominantly driving the transparent conductive films market for Asia Pacific. Climbing luxury vehicle sales, and rapid expanse of solar industry across the region collective provide an impetus to the growth of market here. Preliminary findings of the study also suggest that the market across North America will reap the benefit from the thriving electric vehicle sales, and unprecedentedly growing smartphone market. Increasing RD effort and investments around transparent conductive films will also bode well for the growth of the market across North America, especially in the US.
Leaders in Global Transparent Conductive Films Market
Toyobo Co., Ltd., Teijin Ltd., TDK Corporation, C3Nano, Gunze (Japan), Blue Nano Inc., Dontech Inc., Canatu Oy, Cambrios Technologies Corporation, and Nitto Denko Corporation constitute some of the leading companies in global transparent conductive films market. The report would shed light on the detailed strategic profiling and analysis of the prominent companies in global transparent conductive films market space. The competition analysis section of the report intends to uncover the most significant insights for potential participants in the global transparent conductive glass landscape.
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