Transparent Conductive Film Market Valued at $12.10 Billion

Transparent Conductive Film Market Valued at $12.10 Billion

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New York, USA, September 15, 2022 (GLOBE NEWSWIRE) — Transparent Conductive Films Market Overview

According to a comprehensive research report from Market Research Future (MRFR), “Transparent Conductive Film Market Information by material, product, end user industry and region – Forecast until 2030”, the market is estimated to grow at a CAGR of 10.7% to reach USD 12.1 billion in 2030.

Market scope:

A range of optoelectronic devices, such as touch screens, LCDs and OLEDs, electrochromic glass, solar panels, and more, use transparent conductive films, thin films composed of optically transparent and electrically conductive materials. Most of these films are produced using Indium Tin Oxide (ITO). Additional components used to create transparent conductive films include oxides, metallic thin films, carbon nanotubes, silver nanowires, and conductive polymers.

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Scope of the report:

report attribute Details
Market size in 2030 $12.10 billion
CAGR 10.7% (2022-2030)
base year 2021
forecast period 2022-2030
Historic information 2020
Forecast Units Value (billions of USD)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors and Trends
Covered segments By material, product, end user industry and region
Covered Geographies North America, Europe, Asia-Pacific and Rest of the World (RoW)
Key Market Drivers Falling cost of smartphones, increased acceptance of touch UI interface devices
Increased demand for tablets and laptops

Competitive Dynamics:

Some of the Prominent Players in the Global Transparent Conductive Films Market are

  • Nitto Denko Corporation (Japan)
  • Teijin Ltd (Japan)
  • TDK Corporation (Japan)
  • Toyobo Co., Ltd (Japan)
  • Gunze (Japan)
  • Cambrios Technologies Corporation (USA)
  • Canatu OY (Finland)
  • C3 nano (China)
  • Dontech Inc (United States)
  • Chasm Technologies, Inc (USA)
  • ILJIN display Co., Ltd (South Korea)
  • Hitachi Chemical Company, Ltd. (Japan)
  • Evaporated Coatings, Inc (USA)
  • Eikos Inc (USA)
  • Max Film, Inc (India)

Market USP:

market indicators

The market is being driven by the increasing use of transparent conductive films for touch panels in wearable technology. Transparent conductive films are ideal for organic photovoltaic and light control windows due to their reduced strength and flexibility. Transparent conductive films on prototype boards are anticipated to grow in popularity as demand for entertainment systems and human-machine interfaces in automobiles increases. The market is anticipated to grow as transparent conductive coatings are used more frequently in steering wheels, seat backs, automobile control panels, and entertainment panels. Rapid technical advancement and increasing end-user demand, particularly in the area of ​​consumer electronics, have forced OEMs to bring new products to market frequently.

The main factors driving this market are declining costs of smartphones, increasing adoption of touch UI devices by users, low power consumption, reduced reflections, slimness, flexibility and resilience. The lack of a universal app solution and the abundance of options for a single app are the two key factors restraining the growth of the market. Displays and photovoltaic applications hold great promise for TCF applications in the years to come. Also, the growing demand for laptops and tablets will drive the market during the projection period.

market limitations

However, the numerous challenges related to the production of transparent conductive films and the high operating costs related to the production of conductive films may significantly restrict the rate of market expansion. On the other hand, changes in the price of raw materials during the forecast period may hinder the market for transparent conductive films.

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COVID-19 analysis

The electronics and semiconductor industries have suffered severely as a result of the COVID-19 epidemic. Due to an increase in COVID-19 cases in 2021, businesses and production facilities around the world have been forced to close, and are expected to remain closed until the second quarter of 2022. In addition, a partial or total has damaged the world supply. chain, making it difficult for manufacturers to reach their customers.

The COVID-19 epidemic is having an effect on society and the global economy. The effects of this outbreak are rippling daily, affecting both the global economy and business in general. The problem is causing a decline in corporate confidence, a significant slowdown in the supply chain and growing consumer concern, as well as causing uncertainty in the stock market.

Due to the closure of manufacturing facilities, countries in Asia and Europe that are on lockdown have experienced significant losses in revenue and business. The COVID-19 disease epidemic has had a significant impact on production and manufacturing operations, which has further hampered the growth of the transparent conductive film market.

The COVID-19 epidemic has also had an effect on the electronics industry, as production facilities have come to a halt. The market opportunity for transparent conductive films is hampered by the major production halt in Europe and the suspension of Chinese parts exports. It is anticipated that once the economy begins to recover, the demand for cutting edge and novelty items could increase. Companies are eager to invest in cutting-edge items that use new technology because they anticipate that doing so will increase their goodwill after customer demand soars.

marketing division

by materials

Due to its high mechanical strength, conductivity, and temperature resistant qualities, the wire mesh segment is expected to experience a large CAGR.

Depending on the application

Consumers’ increased reliance on smart devices for entertainment, information, healthcare and fitness is expected to drive the CAGR for the wearables market.

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Geographic Analysis:

Asia-Pacific dominated the transparent conductive film market in 2020 and is anticipated to show a high growth rate during the forecast period, owing to the expansion in the automotive segment. By the end of the forecast period, significant growth is also anticipated in LAMEA, followed by Asia-Pacific. The transparent conductive film market is dominated by the Asia-Pacific region due to increased demand for consumer electronics in China for a variety of uses. Due to the high production rate of touch devices, particularly in China and Japan, the Asia-Pacific region is anticipated to grow at the highest growth rate during the forecast period of 2021 to 2028. Due to its simple manufacturing and sophisticated range of transparent conductive films made from the highest quality materials, China is currently driving the growth of the Asia-Pacific market.

The US is the market leader in North America as a result of the increasing use of transparent conductive films for photovoltaic applications in the region, while Germany is the market leader in Europe as a result of the low power consumption of these materials, which increases the demand there. .

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About the future of market research:

Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis regarding various markets and consumers around the world. Market Research Future has the distinguished goal of providing top quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, helping to answer your most important questions. questions.

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