Market Overview
The multilayer transparent conductors market 2020 is on track to reach an approximate valuation of USD 6.3 Billion by 2023-end, confirms Market Research Future (MRFR). MRFR also projects the market to attain a decent growth rate of 11% between 2017 and 2023 (review period).
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Growth Boosters and Main Deterrents
In the wake of the global pandemic of COVID-19, more and more companies in the semiconductor industry are coming up with contingency plans that can help them stay afloat. Several markets in the industry are assessing and planning to enhance their supply chain networks as well as operating models to help them mitigate all the points of failure. COVID-19 acts as a wake-up call for companies, who are reminded that supply chains are quite vulnerable and unexpected events can be significantly disruptive when it comes to growth. The outbreak is also being viewed as an opportunity to remodel the current paradigms, compelling manufacturers as well as suppliers in the semiconductor industry to build a more agile supply network that can be more resilient in the coming years.
One of the most prominent markets in the semiconductor industry is of Multilayer Transparent Conductors. Most of the established players are devising collaborations with their peers as well as microscopy groups and educational institutions to facilitate advancements in transparent conductors. They are also exploring materials that can act as conducting mediums on transparent substrate. In addition to this, an increasing number of companies are introducing superior quality multilayer conductors to the market, which can boost the performance as well as the appearance of the consumer electronic devices. The massive efforts in the form of collaborations and intensive R&D activities can not only induce growth for the players but also mean better prospects for the multilayer transparent conductors market.
Opportunities in the global market are expected to be the introduction of low-cost multilayer transparent conductors like carbon nanotube films. These conductors are fast replacing Indium tin oxide (ITO), since they are more affordable in comparison. Apart from this, the market benefits from the escalating demand for advanced displays combined with the rising demand for solar panels.
Market Segmentation
For better understanding, the multilayer transparent conductors industry has been categorized into three primary dynamics, namely, type, material and application.
The types of multilayer transparent conductors are Carbon Nanotubes Films, Indium Tin Oxide Thin Films (ITO), Metal Grids, Conductive Polymers and Nano Silver-Based Transparent Conductors, among others.
Material-dependent segments outlined in the report are Metal Mesh, Silver Nanowires, Carbon Nanotubes as well as ITO on Glass, among others.
The main applications of multiplayer transparent conductors include Photovoltaic, Solar Cells, Smart Windows, Flexible Electronics, Touchscreen Sensors, Optical Coatings, Organic Light Emitting Diodes (OLED), Flat Panel Displays & Liquid Crystal Displays (LCD), among others.
Regional Study
The regional study of the market for multiplayer transparent conductors covers Europe, APAC or Asia Pacific, North America, and RoW or the Rest-of-the-World.
The rampant growth of the consumer electronics industry and the subsequent increase in the demand for high quality multilayer transparent conductors has made North America the top market out of all the regions. The heightened need for multilayer transparent conductors in smartphones displays and the frequent technological innovations that take place in Canada and the US also favor the regional market. MRFR confirms that the region can retain its leading position throughout the review period.
The chief factors that encourage the market growth in APAC include the burgeoning population, rising urbanization as well as industrialization, and the rapid economic surge in India and China. The region also observes a high demand for the more affordable carbon nanotubes films instead of indium tin oxide films, which has led to a drop in the prices of electronic devices and better growth prospects for the multilayer transparent conductors market. The increasing awareness and deployment of solar energy across a variety of industries in the region also boosts the market growth.
Top Contenders
Top contenders highlighted in the report are Abrisa Technologies (US), 3M Company (US), Dontech Inc. (US), DuPont Teijin Films (Japan), Toyobo Co., Ltd. (Japan), Eastman Kodak (US), Canatu OY (Finland), Nitto Denko Corporation (Japan), Thin Film Devices Inc. (US), Fujifilm Holdings Corporation (Japan), to name a few.
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