Global Transparent Conductive Films Market 2017-2021
About Transparent Conductive Films
Transparent conductive films are prerequisites for manufacturing display and touchscreen panels for consumer electronics. Consecutively, the growth of the global transparent conductive films market is directly proportional to the growth in unit shipments of TVs, smartphones, monitors, laptops, tablets, and smartwatches. The advent of IoT and increasing penetration of touchscreen interface also boost the sales of aftermarket automotive displays. Automobile manufacturers are focusing on implementing touchscreen navigation and infotainment systems, which are the standard fitments in passenger vehicles. This, in turn, is driving the demand for transparent conductive films globally. Technavio’s analysts forecast the global transparent conductive films market to grow at a CAGR of 4.22% (decelerating) during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global transparent conductive films market for 2017-2021. To calculate the market size, the report considers the revenue generated from sales of transparent conductive films used in the following applications:
Technavio Announces the Publication of its Research Report – Global Transparent Conductive Films Market 2017-2021
Technavio recognizes the following companies as the key players in the global transparent conductive films market: 3M, Cambrios Technologies, Canatu, DuPont, Kodak, Nitto Denko, and TOYOBO.
Other Prominent Vendors in the market are: C3Nano, DONTECH, Fujifilm, GUNZE, Metamaterial Technologies, TDK, and TEIJIN.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Discovery of new materials for transparent conductive films. With the demand for ITO alternatives rising worldwide, many research organizations have seized the opportunity to discover and develop new materials that can be used for manufacturing transparent conductive films. For instance, a team of researchers from the University of Minnesota, US, have discovered a new material that seems to be suitable for use in manufacturing transparent conductive films. The material is a thin-film, nanoscale material, possessing exceptional electrical conductivity. The high electrical conductivity makes the material suitable for use in transparent conductive films used in consumer electronics such as TVs, smartphones, and tablets.”
According to the report, one of the major drivers for this market is High penetration of smartphones and tablets. Smartphones and tablets together contributed 35.66% of the revenue in the global transparent conductive films market as of 2016. Transparent conductive films are an integral component of smartphone and tablet display units. Consecutively, the growth in the global smartphone and tablet market directly contributes to the growth of the global transparent conductive films market.
Further, the report states that one of the major factors hindering the growth of this market is Declining unit shipments of monitors and laptops. Technological advances in computing and communication devices and a rise in the demand for compact devices considerably increased the market penetration of smartphones and tablets during 2010-2014. Therefore, consumer interests worldwide are now shifting toward tablets and stick PCs from laptops and PCs. Consecutively, the unit shipments of laptops and PC monitors have been witnessing steady decline since 2014 and are likely to witness a further decline during the forecast period. A total of 190.18 million laptops were sold in 2016, which is likely to go down to 166.53 million units by 2021. Similarly, 304.24 million monitors were sold in 2016, which is likely to decrease to 251.32 million units by 2021.
3M, Cambrios Technologies, Canatu, DuPont, Kodak, Nitto Denko, TOYOBO, C3Nano, DONTECH, Fujifilm, GUNZE, Metamaterial Technologies, TDK, and TEIJIN.