The 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", The transparent conductive films industry is projected to reach USD 8.46 billion by 2026, at a CAGR of 9.4% from 2016 to 2026. The growing usage of transparent thin films as an important component in various electronic devices are fueling the growth of transparent conductive films market. This growth is mainly attributed to the increasing demand for transparent conductive films in smartphones tablets, notebooks, LCD’s, wearable devices and other application.
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Transparent Conductive Films Market
The smartphone application segment is projected to lead the market during the forecast period.
The smartphones application segment of transparent conductive films market, accounted for a major share of the transparent conductive films in 2016, followed by tablets, and notebooks application. The demand for smartphone is rapidly increasing due to its advance computing capabilities, connectivity, and advance multimedia features. Various Operating Systems developer (OS) has also played a pivotal role in the advancement of technology of smartphones. Android, iOS, Windows Phone, BlackBerry, Symbian, and others are some of the major OS. Connectivity has also played a major role in the growth of smartphones application. 3G telecommunications and Wi-Fi configuration are the major connectivity components behind the growth of smartphones.
The indium tin oxide segment is projected to grow at the highest CAGR, in terms of value during the forecast period.
Indium tin oxide, owing to its excellent properties such as optical transparency, electrical conductivity, and the ease to be deposited as films, is widely used as transparent conducting oxide.. ITO on glass is used in varied application areas including transparent ITO-electrode, displays, heatable ITO slides & cover slips, transparent shielding glass, and flat antennas, among others.
Asia Pacific is expected to lead the transparent conductive films market during the forecast period.
By region, the transparent conductive films market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia-Pacific accounted for the largest share of the transparent conductive filmsmarket in 2016, followed by North America and Europe. Japan is one of the major consumers of transparent conductive films in the Asia-Pacific region. Growing usage of transparent conductive films in application areas such as smartphones, and LCD’s, growing economies and increasing domestic consumption, increase in disposable income, and shifting trend of consumer towards luxurious goods are some of the major factor that are anticipated to drive the demand for transparent conductive films.
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Key players in the transparent conductive films market 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.)., among others.
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