Multilayer transparent conductors market is estimated to exhibit high growth potential during the forecast period owing to rapid adoption of digital technology and increasing popularity of mobile communication devices and growing demand for advanced display technologies. Major driving factor in the growth of multilayer transparent conductors market is the growing adoption of touch user interface devices. Growth of digitization is another major factor driving the growth of multilayer transparent conductors market. Growing demand for innovations and increasing technological advancements is another major factor responsible for the growth of multilayer transparent conductors market.
Companies like 3M Company and Canatu OY are investing into the multilayer transparent conductors market by gaining patents for the technology owing to its applications across various industry verticals. Multilayer conductors provide low transmission loss rates and hence are gaining immense popularity. Consumer electronics sector has the more number of applications of multilayer transparent conductors owing to the growing demand for LCD televisions and mobile devices. This has led to a considerate increase in the growth of multilayer transparent conductors market.
Multilayer transparent conductors market has been segmented on the basis of type, material and application. The type segment is bifurcated into carbon nanotubes films, indium tin oxide thin films (ITO), nano silver-based transparent conductors, metal grids and conductive polymers.
Increasing adoption of advanced display technologies is another major factor driving the growth of multilayer transparent conductors market. Owing to recent developments in thin film solar cells, there has been a tremendous increase in the applications of multilayer transparent conductors. This is one major factor driving the growth of multilayer transparent conductors market.
The major factor restraining the growth of multilayer transparent conductors market is the lack of awareness and high coast and fragile nature of the conductors. This could be a major factor that could cause hindrance in the growth of multilayer transparent conductors market. The inflexible nature and low conduciveness are other factors that could hamper the growth of multilayer transparent conductors market.
According to Market Research Future Analysis, multilayer transparent conductors market has been valued at approx. USD 6.3 Billion by the end of forecast period with 11% of CAGR during forecast period 2017 to 2023.
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Multilayer Transparent Conductors Market Segmentation:
The multilayer transparent conductors market has been segmented on the basis of type, material and application. The material segment is further bifurcated into metal mesh, silver nanowires, ITO on glass, carbon nanotubes and others. Out of which, ITO on glass material is used across various verticals like touchscreens, optical coatings, flat panel displays and others. ITO is processed at high temperatures and is expensive in nature.
Key Players :
The prominent players in the multilayer transparent conductors market are – 3M Company (U.S.), Canatu OY (Finland), Nitto Denko Corporation (Japan), DuPont Teijin Films (Japan), Toyobo Co., Ltd. (Japan), Fujifilm Holdings Corporation (Japan), Thin Film Devices Inc. (U.S.), Dontech Inc. (U.S.), Abrisa Technologies (U.S.), Eastman Kodak (U.S.) and others.
The regional analysis of multilayer transparent conductors market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in multilayer transparent conductors market in North America is attributed to technological advancements and increasing demand for multilayer transparent conductors in smartphones in that region.
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