The transparent conductive films market is expected to grow at a Compound Annual Growth Rate ( CAGR ) of 10.4 % over the forecast period (2021-2028). The global market value is anticipated to be worth USD 24.9 billion by the end of the forecast period.
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Transparent conductive films are optically transparent and electrically conducting thin films widely used in electronic devices. These films find extensive use in making the touch screens, LCD, solar cell cover electrodes, LEDs, etc. TC films are made up of a very thin layer of conductive material placed on a transparent polymer-based substrate. The common conductive layers are made up of metal oxides, silver nanofibers, metal meshes, graphene, conductive polymers, carbon nanotubes, etc. These films are essential in developing modern human-machine interaction surfaces like touch screens in every machine.
The growth in the demand for smart consumer electronics is driving the growth of the global Transparent Conductive film for display Market. With the rise in disposable income of people the standard of living is also improving, so is the demand for touch-enabled devices. The increasing literacy rate and development of portable computing devices are also fuelling the market growth. Moreover, increasing penetration of the internet and the decreasing price of infotainment devices are helping in the adoption of these devices among the masses. Moreover, the rapid technological advancements and integration of mechanical devices with interactive screens are likely to boost the growth of the global transparent conductive films market further.
Covid-19 pandemic had a mixed impact on the global transparent conducting films market. The rise in work from home-based concepts led to a surge in sales of electronics involving the use of TCFs. This Pandemic helped in growing the dependence of people on smart devices for performing many activities. However, the restrictions on the functioning of production units affected the market demand and supply chain badly.
Market Segmentation, by Material
- Carbon Nanotubes
- Metal Mesh
- Silver Nanowire
- Indium Tin Oxide on PET,
- Indium Tin Oxide on Glass
Market segmentation, by Application
- Wearable Devices
The Global transparent conductive films market is segmented into five major regions namely: Asia-Pacific, North America, Europe, Latin America, and the Rest of the World including the Middle East & Africa. Among these different regions, North America holds the major market share while the Asia Pacific is the fastest-growing market segment. The high use of consumer electronics in North America with better living standards and technological advancements is driving the market growth there. Asia-Pacific is witnessing rapid economic development which has, in turn, raised the demand for smart screen devices. The market in Latin America and the Middle East is also expanding rapidly with the rise in demand for electronics, smart automobiles, and lighting systems.
The transparent conductive films market is witnessing rapid technological advancements. The key players are focusing on increasing the durability and enhancing the functional aspects of these films. Moreover, considerable emphasis is being given to lower the production cost to lower the overall cost of smart electronic devices.
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