03.08.19
According to MarketsandMarkets’ new 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 market is projected to reach $8.46 billion by 2026, at a CAGR of 9.4% from 2016 to 2026.
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.
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.
The indium tin oxide (ITO) segment is projected to grow at the highest CAGR in terms of value during the forecast period, owing to its excellent properties such as optical transparency, electrical conductivity, and the ease to be deposited as films. ITO on glass is used in varied application areas including transparent ITO-electrode, displays, heatable ITO slides and cover slips, transparent shielding glass, and flat antennas, among others.
Asia-Pacific accounted for the largest share of the transparent conductive films market 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 LCDs, 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.
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.
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.
The indium tin oxide (ITO) segment is projected to grow at the highest CAGR in terms of value during the forecast period, owing to its excellent properties such as optical transparency, electrical conductivity, and the ease to be deposited as films. ITO on glass is used in varied application areas including transparent ITO-electrode, displays, heatable ITO slides and cover slips, transparent shielding glass, and flat antennas, among others.
Asia-Pacific accounted for the largest share of the transparent conductive films market 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 LCDs, 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.
