Transparent conductive films (TCFs) are used in touch screen modules and display TVs owing to being a conductor for electricity, transparency, and flexibility. Technological advances in consumer electronics with respect to flexibility, robustness, and minimal reflection can raise the potential for TCFs. The global transparent conductive film for display market report by Market Research Future (MRFR) covers drivers, trends, challenges, and opportunities for the industry for the forecast period (2023-2027). It also covers regional analysis, competitive intelligence, and the impact of the COVID-19 pandemic for the forecast period.
The global transparent conductive film for display market can expand at 8.8% CAGR over the forecast period. This is attributed to use of touch screen modules by customers and ability of displays to reveal information by use of electricity. Huge demand for indium tin oxide (ITO) and manufacture of smartphones, smart TVs, smart weighing scales, and other devices can drive the market demand significantly. The large market for LEDs and OLEDs coupled with preference for large displays can bode well for the market.
The COVID-19 pandemic has hurt the transparent conductive film for display market owing to low investments by manufacturers in terms of production, supply chain, and distribution. Loss of workforce and deficits in supply chains can deter the market from expansion. But improvements in manufacturing technology such as integration of bilayer structures and modification of thickness of films can have a noticeable impact on the market.
But high costs of products and demand for foldable and ultra-thin displays can impair the market growth.
Asia Pacific (APAC), Europe, North America, and Rest-of-the-World (RoW) are regions considered in the global transparent conductive film for display market.
North America and APAC are pegged to lead the market over the forecast period. Huge demand from electronic device manufacturers in China and Japan and rising purchase of consumer electronic devices by customers can drive the market demand. Rising demand for electronic components such as LCDs, smartphones, and wearables can drive the regional market revenues.
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Blue Nano Inc., TDK Corporation, Dontech Inc., Cambrios Technologies Corporation, Toyobo Co., Ltd, C3Nano, Nitto Denko Corporation, Canatu Oy, Gunze Ltd., and Teijin Ltd are key players of the global transparent conductive film market. Development of hybrid conductive films on new substrates and customization of transparency and sheet resistance of these films are primary strategies of players.
According to material, the global transparent conductive film for display market is segmented into silver nanowires, metal mesh, ITO on glass, ITO on PET, carbon nanotubes, and others. Carbon nanotubes are likely to exhibit a strong market demand over the forecast period owing to high costs of ITO and demand for flexibility and optoelectronic performance. On the other hand, segments such as ITO on glass and ITO on PET can fetch huge market demand due to its use in manufacture of LED displays, crystal displays, touch panels, and electronic ink applications.
On the basis of device, the transparent conductive film for display market is segmented into wearable devices, notebooks, tablets, smartphones, LCDs, and others. LCDs are expected to capture a large market share over the forecast period owing to LCD displays and preference of luxury products. On the flip side, the smartphones segment is likely to occupy a larger market share in the coming years owing to a large consumption rate and changing viewing preferences of customers.
According to end-users, the transparent conductive film for display market has various end-users such as government and defense, consumer electronics, automotive and aerospace, IT and telecommunication, healthcare, media and entertainment, enterprise and industrial applications, and others. The consumer electronics sector is expected to be the biggest end-user of the market owing to mechanical properties of transparent conductive films and excellent electrical conductivity.
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