According to the new market research report “Transparent Conductive Films Market by Application (Smartphones, Tablets, Notebooks, LCDs, Wearable Devices), Material (ITO on Glass, ITO on PET, Metal Mesh, Silver Nanowires, Carbon Nanotubes), and Region – Global Forecast to 2026“, published by MarketsandMarkets™, The transparent conductive films market is projected to reach USD 8.46 billion by 2026, at a CAGR of 9.4% from 2016 to 2026.
Transparent Conductive Films Market: Browse 79 Market Data Tables and 68 Figures spread through 152 Pages
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Growth in this market can be attributed to the increasing demand for transparent conductive films for smartphones, tablets, LCDs, notebooks, and wearable devices, among others. Transparent conductive films, owing to their excellent properties such as high conductivity, low resistance, and high transparency are widely used in various electronic components.
Based on application, the transparent conductive films market has been segmented into smartphones, tablets, LCDs, notebooks, wearable devices, and others, which includes desktop PC and monitors. The LCDs segment is expected to grow at the highest rate during the forecast period. This growth can be attributed to the significant demand for large screen display units from Asia-Pacific and Europe regions, and use of transparent conductive films in smartphones, notebooks, and wearable devices.
The Asia-Pacific transparent conductive films market is expected to grow at the highest CAGR between 2016 and 2026. The transparent conductive films market in the Asia-Pacific region has been studied for China, Japan, and India. The market in the region is witnessing increased consumption of transparent conductive films for use in smartphones, notebooks, and LCDs. A transparent conductive film is used as a thin film in different applications such as smartphones and tablets. Increasing investments in the production of flat panel display units have led to rise in demand for LCDs. In wearable devices, transparent conductive films are used in smartwatches. Shifting of trends and health awareness are the main reasons for rise in use of wearable devices.
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Major market players covered in the report are Teijin Ltd (Japan), Toyobo Co., Ltd (Japan), Nitto Denko Corporation (Japan), TDK Corporation (Japan ), Canatu Oy (Finland), Cambrios Technologies Corporation (U.S.), C3Nano (U.S.), Gunze (Japan), Dontech Inc. (U.S.), and Blue Nano Inc. (U.S.).
Key manufacturers in the transparent conductive films market have their production units mainly in APAC, and sales offices in Europe, South America, and North America. The U.S. is the largest market for transparent conductive films in the North America region. Moreover, the transparent conductive films market in the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for transparent conductive films for various applications such as smartphones, tablets, and LCDs in this region. Major manufacturers and suppliers of transparent conductive films are expanding their capacities to reduce the turnaround time and enhance efficiency of product development.