USD 1.30 billion
Silver Nanowires Market Size, Share, Growth Analysis, By Fabrication(Air-Spraying Coating Method, Liquid Polyol Method, Self-Assembly Method, Template Method), By End-User(Transportation, Energy Generation, Electrical & Electronics and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20D2175 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
70
Silver Nanowires Market Insights
Global Silver Nanowires Market size was valued at USD 1.30 billion in 2022 and is poised to grow from USD 1.52 billion in 2023 to USD 5.29 billion by 2031, growing at a CAGR of 16.9% during the forecast period (2024-2031).
The silver nanowires market is a dynamic sector that revolves around the utilization of nanoscale silver structures to enable a wide range of technological applications. Silver nanowires possess exceptional electrical conductivity, optical transparency, and flexibility, making them a vital component in various industries.
The market's growth is propelled by the increasing demand for advanced electronic devices and the growing adoption of wearable technology. Silver nanowires' unique properties also find applications in the medical field, where they are used in biosensors, antimicrobial coatings, and drug delivery systems.
The continuous research and development activities aimed at improving the synthesis methods and properties of silver nanowires are fueling technological advancements.
Additionally, the emphasis on sustainable and environmentally friendly materials further drives the interest in these nanowires as they can replace traditional indium tin oxide (ITO) materials in electronic devices, which are less environmentally friendly.
However, certain factors affecting the industry can obstruct the growth of the overall market. Those challenges include sustainability concerns, high investment costs, and scalability issues. Nevertheless, the market is seeing significant growth over the globe, especially in the Asia-Pacific region, which holds the largest market share.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
liquid polyol method
Fastest Growth
liquid polyol method
Growth Rate
16.9% CAGR
Global Silver Nanowires Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Silver Nanowires Market Segmental Analysis
The silver nanowires market is segmented by fabrication method, end-user, application, and region. Based on fabrication method the market is segmented as, air-spraying coating method, liquid polyol method, self-assembly method, template method, ultrasonic reduction method, vacuum filtration method and others. Based on location the market is segmented as, transportation, energy generation, electrical & electronics and others. Based on region the market is segmented as, North America, Europe, APAC, LATAM
Analysis By Fabrication
The liquid polyol method segment held the predominant market share in the silver nanowires market in 2021 and is anticipated to exhibit a notable CAGR of 6.5% during the forecast period from 2021 to 2030. The utilization of liquid polyol method stands as a prominent approach for large-scale production of silver nanowires. This method gains popularity due to its attributes like homogeneous reaction conditions, versatile solvent choices, ease of monitoring, and cost-effectiveness. Among various synthesis techniques, liquid phase processes, particularly the liquid polyol method, have gained extensive adoption owing to their efficiency. The liquid polyol method offers a cost-efficient production route that can be readily scaled up for industrial-grade silver nanowires production.
The segment's revenue growth is propelled by the increasing incorporation of silver nanowires in diverse applications such as transparent electrodes, pressure sensors, and temperature sensors. The escalating demand for this method stems from its applicability across key industries, thus creating promising growth prospects for the silver nanowires market in the projected period.
Analysis By End-User
The electrical & electronics segment commanded the largest market share in the silver nanowires market in 2021 and is anticipated to experience a substantial CAGR of 6.9% during the forecast period. This growth is primarily attributed to the significant demand emanating from the electrical & electronics sector. Silver nanowires exhibit remarkable traits such as high conductivity, flexibility, lightweight, and rapid responsiveness. These attributes make them particularly valuable for integration into touch screen displays, which are integral components of a myriad of electronic devices spanning laptops, tablets, watches, self-service kiosks, smartphones, advertising boards, automotive displays, and smart televisions.
The surging demand for electronics has been vividly exemplified. The flourishing growth in electronics manufacturing and semiconductor production has concurrently elevated the requirement for silver nanowires to cater to diverse applications encompassing optical, conductive, and other functionalities. The robust expansion of the electrical and electronics sector emerges as a pivotal driving force, presenting substantial growth avenues within the silver nanowires industry.
Global Silver Nanowires Market By fabrication method
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Silver Nanowires Market Regional Insights
As of 2022, the Asia-Pacific region led the silver nanowires market, capturing a significant share of up to 39.6%. This dominance is propelled by robust demand from key industries like electrical & electronics and automotive, coupled with thriving manufacturing activities across the APAC region. The proliferation of original equipment manufacturers (OEMs) contributes to the substantial growth anticipated in the Asian-Pacific electronics manufacturing sector in the forthcoming years. A case in point is the electronics industry in China, which witnessed a remarkable 15.7% growth in 2021, marking an impressive 8-percentage-point increase from the previous year, as reported by the People’s Republic of China.
India, another prominent player in the region, is forecasted to experience exponential growth in electronics consumption, set to escalate from USD 33 billion in FY20 to an anticipated USD 400 billion by 2025, as projected by the India Brand Equity Foundation. By 2025, India is poised to establish itself as the fifth-largest consumer electronics and appliances market globally. The escalating electrical & electronics industry growth is expected to catalyze a corresponding rise in the demand for the silver nanowires market across the APAC region. Consequently, the ascendancy of the electrical & electronics sector in Asia-Pacific is a key catalyst driving the expansion of the silver nanowires market in the region, substantiating its dominant position in the Asia-Pacific market landscape.
Global Silver Nanowires Market By Region
- Largest
- Fastest
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Silver Nanowires Market Dynamics
Drivers
Growing Electronics Industry
- The proliferation of electronic devices, ranging from smartphones and wearables to automotive displays, drives the demand for silver nanowires as a versatile and conductive material for touch screens, sensors, and flexible electronics.
High Conductivity and Transparency
- Silver nanowires are optically transparent and have great electrical conductivity. As a result of their special mix, they are perfect for uses where transparent and conductive materials are needed, including transparent electrodes in solar panels and displays.
Restraints
Cost and Scalability
- Although silver nanowires have special qualities, producing them can be more expensive than producing other materials. The difficulty of developing scalable and affordable production techniques may limit their general acceptance.
Environmental Concerns
- Because silver mining and extraction may alter ecosystems and deplete resources, these activities may cause environmental issues. Achieving equilibrium between sustainability and demand is essential.
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Silver Nanowires Market Competitive Landscape
The silver nanowires market is highly competitive, with both well-established firms and creative startups vying for customers by utilizing the special qualities of silver nanowires in a variety of ways. Prominent firms like Blue Nano, C3Nano, and Cambrios Technologies Corporation have led the way in creating transparent conductive materials for touchscreens, solar cells, and electronics using silver nanowire-based solutions. These seasoned professionals offer their knowledge in application development, market penetration, and nanomaterial fabrication.
Furthermore, newcomers such as Nanopyxis, Nanogap, and NanoComposix are presenting innovative methods to improve the scalability and performance of silver nanowires for a range of uses. Advances in surface modification, integration, and nanowire synthesis processes are being facilitated by partnerships between academic institutions and industrial stakeholders. Patent portfolios and intellectual property rights that safeguard novel technology and techniques also have an impact on the competitive environment.
Top Player’s Company Profiles
- Cambrios Technologies Corporation
- Blue Nano
- Nanopyxis
- ClearJet
- Carestream Advanced Materials
- RAS Materials
- Sun Innovations
- Nanocs
- Novarials Corporation
- Nanostructured & Amorphous Materials, Inc. (NanoAmor)
- PlasmaChem GmbH
- Advanced Nano Products Co., Ltd.
Recent Developments
- In January 2023, 3M announced the commercialization of its new silver nanowire transparent electrode technology for use in electronic displays.
- In February 2023, Cambrios Technologies Corporation announced that it had received a USD 2 million grant from the US Department of Energy to develop new silver nanowire-based solar cells.
- In March 2023, Seashell Technology announced that it had received a USD 1 million investment from the National Science Foundation to develop new silver nanowire-based sensors for use in healthcare applications.
Silver Nanowires Key Market Trends
- The increasing use of electronic devices, such as smartphones, tablets, wearables, and automotive displays, is driving the demand for silver nanowires. Their exceptional combination of electrical conductivity and optical transparency makes them a preferred choice for touchscreens and flexible electronics.
Silver Nanowires Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global silver nanowires market analysis, the silver nanowires market is witnessing robust growth driven by the escalating demand for electronic devices and advancements in nanotechnology. The Asia-Pacific region holds a substantial share, propelled by the electronics industry's expansion in countries like China and India. The market is segmented based on application, finding extensive use in electronics, energy, healthcare, and automotive sectors. The trend toward flexible and foldable devices, coupled with the push for sustainable materials, is boosting silver nanowire adoption. High electrical conductivity and optical transparency make them ideal for touchscreens, solar panels, sensors, and more. The electronics industry's growth, along with research and development efforts to enhance synthesis methods and scalability, acts as a primary driver for the market's upward trajectory.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.30 billion |
| Market size value in 2031 | USD 5.29 billion |
| Growth Rate | 16.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Silver Nanowires Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Silver Nanowires Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Silver Nanowires Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Silver Nanowires Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Silver Nanowires Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Silver Nanowires Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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