Market Highlights
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).
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 market. 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.
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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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