The global report on the transparent conductive film market revealed that it had a market worth of USD 3.65 billion in 2016 and it has the potential to grow with a CAGR of 9.52% between 2017 to 2023. Market Research Future (MRFR) included the time frame as the forecast period in the report. These films are getting significant traction in the automotive industry as a sunlight protection sheet that can be used in various panels. Growing inclusion of Internet of Things (IoT) technology in wearable devices is influencing the application of transparent conductive coatings. The manufacturing of various gadgets like wearable devices, tablets, and smartphones would make sure that the market gets good traction. In the automobile sector, the production of the vehicle steering wheel, car control panels, seatbacks, and entertainment panels can also make sure that the market for transparent conductive films receives good thrust.
The global market report covering the transparent conductive film market has been segmented in the report on the basis of material and application. The insights gained from these market reviews can be used to profit more by developing better strategies in the coming years.
By material, the global report consisting of a review of the transparent conductive film market includes indium tin oxide on glass, silver nanowire, indium tin oxide on PET, carbon nanotubes, metal mesh, and others. The metal mesh segment is set to register the highest CAGR over the review period as its features like conductivity, high mechanical strength, and temperature resistance is getting acknowledged across several industries.
By application, the global market report on transparent conductive films comprises wearable devices, tablets, smartphones, LCD, notebooks, and others. The wearable devices segment has a better chance to evolve as the fastest growing market as the market is getting blessed by the proliferating smart devices made for healthcare, information, entertainment, and fitness purposes.
The report has the transparent conductive films market segmented into North America, Asia Pacific, and Europe as major contributors. Whereas, the Middle East Africa and South America can display moderate growth. These two regions are getting affected by the poor economies where the market performance is not up to the mark.
In the Asia Pacific region, the global market for transparent conductive films is set to benefit from the semiconductor and the consumer appliances industries. Japan, China, South Korea, and others are going to significantly boost the market demand for the same. In the automobiles sector, several market players are showing interest, which can trigger better growth. This can be also beneficial for the regional market. In North America, the market would get attention from both the automotive and electrical electronics industries. This is due to the increased intake of these devices and hike in investment for researches that can produce innovations. In addition, the market is experiencing top-class marketing strategies that can simplify its market percolation across industries. In Europe, the market for the same has a chance to grow in the automotive industry particularly as major players in the vehicle manufacturing field are from this region. It will witness a hike in the production of luxury vehicles and in sync, the global transparent conductive film market will grow.
Prominent players making their presence felt in the global transparent conductive films market are Teijin Ltd (Japan), Nitto Denko Corporation (Japan), Toyobo Co., Ltd (Japan), TDK Corporation (Japan), Cambrios Technologies Corporation (US), Gunze (Japan), Dontech Inc (US), Canatu OY (Finland), C3nano (China), ILJIN Display Co., Ltd (South Korea), Chasm Technologies, Inc (US), Evaporated Coatings, Inc (US), Eikos Inc (US), Hitachi Chemical Company, Ltd. (Japan), and Max Film, Inc (India). MRFR registered these names and kept a track of their recent market advancements to get an idea about market proceedings.
In November 2019, researchers from the MIT University came up with an improved version of PEDOT-based transparent conductive coating material and this would be at par with ITO, in terms of flexibility.
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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