Transparent Conductive Films Market, By Material (ITO, Metal Mesh, Silver Nanowires, Carbon Nanotubes, and Others), By Application (Smartphones, Tablets, Notebooks, LCDs, Wearable Devices, and Others), By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting to 2028

The Global Transparent Conductive Films Market has been estimated at USD 4,867.2 million in 2021 and is projected to register a CAGR of 12.2%. Transparent conductive films (TCF) are considered to be significant element in electronics devices as they are both electrically conductive and optically transparent. The transparent conductive films industry is concerned with the manufacturing and application of TCF panels on glass or films. Both glass and film-based transparent conductors are included in the transparent conductive films market. This business is highly fragmented and dynamic. There are many players in the market, which creates an ideal competitive environment.

The market for transparent conductive films is expanding due to the growing demand for touch-enabled devices and increased market penetration of tablets and tablet PCs. The main drivers for this market are rising demand for high-end displays, smartphones, tablets, smart watches, and other smart electronic devices, increasing growth of the photovoltaics (PV) industry, and low power consumption, minimal reflection, thinness, versatility, and robustness of TCF.

The demand for transparent conductive films (TCF) is nearing the end of its life cycle. Although the majority of TCF manufacturers are located in Asia, they are adequate to meet the global demand. Furthermore, technological advancements have accelerated the preference for touch-enabled LCD panels, which is another factor that is contributing to market growth. The growing adoption of photovoltaic displays is also contributing to the growth of the transparent conductive films market. These factors are thus driving the overall market growth during the forecast period. However, the lack of a one-size-fits-all approach and an excess of solutions for a particular application are two major barriers for business expansion in transparent conductive films market.

Impact of COVID-19 on Global Transparent Conductive Films Market

The COVID-19 pandemic has directly impacted the automotive and electronics industries, resulting in a significant shrinkage in demand, primarily for passive components. China was the first country to get impacted by COVID-19 and its consequent lockdowns. China is considered a hub for the electronics industry, specifically for products such as smartphones, laptops, television, and others. The COVID-19 pandemic has reduced the demand for electronics in China, and this trend is projected to persist even after the pandemic during the forecast period. As a result, this industry's demand for transparent conductive films is projected to reduce over the forecast period.

TABLE 1: GLOBAL TRANSPARENT CONDUCTIVE FILMS MARKET OVERALL SNAPSHOT

table 1

Market Segmentation

The transparent conductive films market has been segmented by material type, application, and region.

 FIGURE 1: GLOBAL TRANSPARENT CONDUCTIVE FILMS MARKET SEGMENTATION

fig 1

Global Transparent conductive films Market, by Material Type

Based on the material type, the market is segmented into indium tin oxide (ITO), metal mesh, silver nanowires, carbon nanotubes, and others. The indium tin oxide segment is expected to have largest share in the market during the forecast period.

Indium tin oxide on glass is both highly transparent and electrically conductive. It has excellent light transmittance from visible to near-infrared wavelengths. Low microroughness, excellent homogeneity of electrical surface resistance, reflective for infrared wavelengths, excellent coating adhesion and abrasion resistance, and high uniformity of optical transmittance make indium tin oxide on glass ideal for thermal conductive films. These advantages are expected to drive the segment growth during the forecast period.

Global Transparent Conductive Films Market, by Application

On the basis of application, the market is segmented into smartphones, tablets, notebooks, liquid crystal display (LCDs), wearables devices, and others. The smartphone segment is projected to hold the major share in the market during the forecast period.

Due to the growing demand for touch-enabled devices and market penetration of portable computing devices, the demand for TCF is increasing across various application sectors. Furthermore, TCF consumption per unit is much higher in smartphones than in laptops and notebook PCs. Therefore, in the current transparent conductive film market, smartphones are expected to generate the most demand, followed by tablets and notebook PCs, which in result is driving the overall market growth during the forecast period.

Global Transparent Conductive Films Market, by Region

Based on regions, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America. The Asia Pacific is estimated to hold largest market share during the forecast period.

Due to the concentration of electronic device manufacturing, especially in China and Japan, the Asia Pacific market is expected to develop rapidly for the transparent conductive films market. Asia Pacific is experiencing rapid growth as a result of an increase in the number of electronic device manufacturers in China and Japan, as well as an increase in demand for electronic devices in India and ASEAN. This, in turn, is playing a major role in the growth of the Asia Pacific transparent conductive films market.

TABLE 2: GLOBAL TRANSPARENT CONDUCTIVE FILMS MARKET OVERVIEW

Table 2 

FIGURE 2: GLOBAL TRANSPARENT CONDUCTIVE FILMS MARKET (USD MILLION), 2021–2030

figs 2

Recent Developments in the Global Transparent conductive films Market

  • January 2021- Cambrios (U.S.) and Winsky Industries (China) declared a strategic partnership. Both collaborated to develop optimal solutions for electronics material applications in modern technology markets.
  • February 2021 - Toyobo Co., Ltd (Japan) launched new biaxially oriented polypropylene (BOPP) film with high gas barrier function, which will permit mono-material packaging. Toyobo has developed DP065, an OPP film that will assist in developing mono-material products.
  • May 2020 - C3Nano (U.S.) received an equity investment from lead investor Nitto Denko, as the initial investment in a planned USD 15 million funding round. The funding will be used in increasing manufacturing operations in China and South Korea.

What Does This Report Provide?

This report provides a detailed understanding of the global transparent conductive films market from qualitative and quantitative perspectives during the forecast period. The major market drivers, challenges, and opportunities for the global transparent conductive films market have been covered in the report. This report additionally comprises the market shares of the important companies operating in the global market, along with their production volumes and the development strategies adopted by them.

Market Segmentation:

By Material Type:

  • Indium Tin Oxide (ITO)
  • Silver Nanowires
  • Carbon Nanotubes
  • Metal Mesh
  • Others

By Application:

  • Smartphones
  • LCDs
  • Notebooks
  • Tablets
  • Wearable Devices
  • Others

By Region:

North America Transparent Conductive Films Market

  • North America, by Country
    • U.S.
    • Canada
    • Mexico
  • North America, by Material type
  • North America, by Application

Europe Transparent Conductive Films Market

  • Europe, by Country
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe 
  • Europe, by Material type
  • Europe, by Application

Asia Pacific Transparent conductive films Market

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific 
  • Asia Pacific, by Material type
  • Asia Pacific, by Application

Middle East and Africa Transparent Conductive Films Market

  • Middle East and Africa, by Country 
    • UAE
    • Saudi Arabia
    • Qatar
    • Iran
    • South Africa
    • Rest of Middle East and Africa
  • Middle East and Africa, by Material type
  • Middle East and Africa, by Application

South America Transparent Conductive Films Market

  • South America, by Country 
    • Brazil
    • Argentina
    • Rest of South America
  • South America, by Material type
  • South America, by Application

Major Companies: In this report, the major companies studied are: TDK Corporation (Japan), Gunze Limited (Japan), Toyobo Co., Ltd (Japan), Teijin Limited (Japan), Nitto Denko Corporation (Japan), Cambrios Technologies Corporation (U.S.), Blue Nano Inc (U.S.), Canatu Oy (Finland), Dontech Inc (U.S.), C3Nano (U.S.)

Objectives of this Report:

  • To estimate the market size for the transparent conductive films market on a regional and global basis
  • To identify major segments in the transparent conductive films market and evaluate their market shares and demand
  • To provide a competitive scenario for the transparent conductive films market with major developments observed by the key companies in the historic years
  • To evaluate key factors governing the dynamics of transparent conductive films market with their potential growth during the forecast period
  • To evaluate the leading company-wise pricing analysis for the mentioned applications

Key Questioned Answered in the Report:

  • What are major growth drivers and market trends that impacting on the global transparent conductive films market?
  • What the market size both in terms of value and volume for global transparent conductive films market?
  • Who are leading market players and who are the new market players that operate in the global transparent conductive films market with an estimated market share?
  • What are the future investment pockets and opportunity in the global transparent conductive films market?
  • Major list of customers and potential futuristic customer list along with an estimated buying volume
  • Impact of COVID-19 on global transparent conductive films market

Customization:

This study is customized to meet your specific requirements:

  • By sub-segment
  • By client-specific country, type, and application market analysis
  • Pricing analysis along with the potential list of customers
  • Product-specific competitive analysis

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