Silver nanowires are finding increasing application in various electronics components such as touch screens, OLED/LED displays, printed circuits and sensors due to their superior electrical and thermal conductivity properties. They are widely used as a replacement for conventional transparent conductors such as Indium Tin Oxide (ITO) in display applications owing to their flexibility, conductivity and cost-effectiveness. With rising demand for flexible and form factor electronic devices, the need for advanced transparent conductors like silver nanowires is growing substantially. They enable development of shape-shifting or foldable displays and facilitate seamless integration of touch-sensitivity in flexible or curved surfaces. Moreover, silver nanowire composites resemble the properties of transparent metal films however with improved flexibility, rendering them suitable for production of next-gen electronics.
The global silver nanowires market is estimated to be valued at US$ 148.06 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
Increasing penetration of touch screens in consumer electronics: Touch screens have become ubiquitous in devices ranging from smartphones to tablets to household appliances. This wide adoption is propelling demand for silver nanowires as the material enables manufacturing of cost-effective and high-performance touch screens. Their flexibility also allows easy integration of touch functionality in curved surfaces.
Growing demand for transparent heaters: Silver nanowire films are gaining traction as transparent heaters due to their exceptional optoelectronic properties. They help maintain transparency while effectively conducting heat. This makes them suitable for de-icing and de-misting application in vehicles. Many automotive manufacturers are investing in R&D of silver nanowire based heaters.
Emergence of flexible and printed electronics: Advancements in materials science have facilitated development of flexible and printed electronic devices such as wearables, foldable smartphones and e-textiles. Silver nanowires via their flexibility enable manufacturing of such innovative forms of consumer electronics. Their printability also allows mass production using printing techniques like inkjet printing and roll-to-roll manufacturing.
Threat of new entrants: Low-medium. Considerable investment is required to enter this market and establish production facilities for silver nanowires.
Bargaining power of buyers: Medium. A few large buyers in end-use industries can negotiate prices to some extent.
Bargaining power of suppliers: Low. Network of suppliers for raw materials limits their influence over prices.
Threat of new substitutes: Low. Silver nanowires have superior electrical, thermal, and optical properties that are difficult to replace.
Competitive rivalry: High. Major players compete on performance, cost, and technical support.
The global Silver Nanowires Market Share expected to witness high growth. The global silver nanowires market is estimated to be valued at US$ 148.06 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.
The Asia Pacific region currently dominates the market owing to presence of key players and higher production facilities in countries like China, Japan, and South Korea. Rapid industrialization and growing electronics industry in the region drives the demand for silver nanowires. North America is another major market for silver nanowires. Presence of leading players and major electronics manufacturers contribute to regional growth. Europe, Middle East & Africa, and Latin America are high growth emerging markets and offer significant opportunities over the forecast period.
Key players operating in the silver nanowires market are Quantum Profile Systems Ltd., Amstep Products, Novaproducts Global, Optimum Technologies, Inc., Tarkett S.A., MEISHUO Building Materials Co. Ltd., Kinesik Engineered Products, Spectrum Floors, C.A.T. LTD. and Litokol. Key players focus on product launches, expansion, and partnerships for business growth and market share gains.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it