Silver Nanowires Market size was valued at USD 10.87 Billion in 2023 and is set to cross USD 32.15 Billion by 2036, registering more than 8.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of silver nanowires is evaluated at USD 11.74 Billion. Silver nanowires are used in the production of high-quality touchscreens, which are essential components of modern smartphones. The market growth can be credited to the increasing adoption of smartphones, tablets, and other mobile devices, which require high-quality touchscreens.
Additionally, silver nanowires are also used in other components of smartphones, such as flexible displays and batteries. Flexible displays allow smartphones to be more durable and versatile, while silver nanowire-based batteries can provide longer-lasting and more efficient power.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
8.7% |
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Base Year Market Size (2023) |
USD 10.87 Billion |
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Forecast Year Market Size (2036) |
USD 32.15 Billion |
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Regional Scope |
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Application (Optical, Anti-Microbial, Chemical, Thermal)
The chemical application segment is estimated to account for 35% silver nanowires market share by the year 2036. The use of silver nanowires in the production of solar cells is driving the growth of the chemical segment in the market, as the demand for renewable energy sources continues to increase globally.
The increasing investments in research and development (R&D) activities are driving the growth of the chemical segment of the market. Researchers are exploring the potential use of silver nanowires in various fields, including biomedicine and energy storage.
Fabrication Techniques (Transfer Printing onto Poly Substrates, Drop Casting, Vacuum Filtration)
The vacuum filtration segment in the silver nanowires market is expected to garner a significant revenue share of around 30% by 2036. The demand for electronic devices, such as smartphones, tablets, and laptops, is increasing globally. Vacuum filtration is a key step in their manufacturing process of electronic components of these devices like, touchscreens and flexible displays.
Advancements in vacuum filtration technology are driving the growth of the vacuum filtration segment of the market. For example, the development of new filter materials and equipment is improving the efficiency and effectiveness of the vacuum filtration process, reducing production costs and increasing production yields.
Our in-depth analysis of the global market includes the following segments:
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Application |
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Fabrication techniques |
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APAC Market Statistics
Asia Pacific silver nanowires market is projected to hold the largest revenue share of 35% by the end of 2036. The regional growth can majorly be attributed to the increasing demand for consumer electronics. The Asia Pacific region is home to some of the largest consumer electronics markets in the world, including China, Japan, and South Korea. According to the China Academy of Information and Communications Technology, China's smartphone shipments reached 365 million units in the first quarter of 2021, a year-on-year increase of 66%.
The Asia Pacific region is also seeing increasing investment in renewable energy sources, propelling the market demand. Governments in the region are implementing favorable policies to encourage the development of new technologies and industries. Also, Asia Pacific being one of the largest and growing manufacturing industry is boosting the market expansion.
North American Market Forecast
North America region, amongst all the other regions, is projected to hold the second largest silver nanowires market share of about 24% by 2036. This is owing to increasing demand for touchscreen displays across the region. Silver nanowires are a key component of touchscreens, and their demand is expected to continue to grow as manufacturers look for high-performance and energy-efficient alternatives to traditional touchscreens.
The North American region is a leader in nanotechnology research and development. Researchers in the region are developing new synthesis methods and exploring new applications for silver nanowires, which is expected to create new opportunities for the market.
Author Credits: Rajrani Baghel
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