The transparent conductive film for display market 2020 can touch a valuation of USD 5.74 Billion by 2023, says Market Research Future (MRFR). MRFR also believes that the global market has the potential to achieve a decent growth rate of 8.8% from 2017 to 2023, considered to be the forecast period.
TCF for displays as a market has been studied thoroughly, with respect to segments like Material, Device and end-users.
Material-wise segments are Metal Mesh, Carbon Nanotubes, ITO on Glass, ITO on PET, Silver Nanowires, and others.
The devices that make use of transparent conductive film for display technology are LCDs, Wearable Devices, Smartphones, Tablets, Notebooks, and others.
The end-users in the market are Automotive and aerospace, Media and Entertainment, IT and Telecommunication, Government and Defense, Consumer Electronics, Healthcare, Enterprise, and Industrial Applications among others.
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Primary Drivers and Key Barriers
Transparent conductive films (TCFs) are widely used to manufacture a number of consumer electronic devices such as tablets, LCDs, smartphones, LEDs, laptops, as well as other display devices. TCFs are used in these devices given their characteristics such as high transparency, surface resistivity, superior durability, and electrical conductivity. Because of these properties, TCFs are used to manufacture consumer electronic devices such as tablets, LCDs, smartphones, LEDs, laptops, among others.
The consumer electronics sector is expanding significantly, thanks to the continuous emergence of technologically advanced devices, increasing internet usage, mounting expendable income the people, and the declining cost of consumer electronic devices, including smartphones. To illustrate, the consumer electronics and appliances manufacturers association (CEAMA) says that in India, the consumer electronics market is projected to achieve a growth rate of close to 9% in the near future. Thus, the rapid expansion of the consumer electronics market all over the world is touted to boost the consumption rate of transparent conductive films in the following years.
Flexibility, minimal reflection, robustness and slenderness coupled with the lower power consumption properties induce the market growth. Displays as well as photovoltaic applications hold a lot of potential and can play a significant role in TCF Display Market growth. Additionally, soaring demand for tablets, notebooks and PCs can offer the required momentum to the market in the years to come.
The geographic analysis of the TCF market has been conducted with respect to Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW).
APAC and North America are the most lucrative markets for Transparent Conductive film for display. North America, however, led the global market in 2016, with Europe coming in second. The thriving consumer electronics sector, combined with the amplified demand for smartphones, has led to the region’s dominance in the global market.
In APAC, Japan is one of the prominent consumers of transparent conductive films for display. The rising use of transparent conductive films for display in applications like smartphones and LCDs, along with other electronic display units is stimulating the market growth in the region. Also, the surging disposal income has led to an increasing preference for luxurious goods among consumers, which is another factor promoting the market growth in APAC.
Italy, France, and Germany are the significant consumers of transparent conductive film for display in Europe, owing to the increasing number of manufacturing hubs, surge in mergers & acquisitions among renowned electronic companies, and the elevation in import activities.
Some of the top companies in the worldwide market for Transparent Conductive film for display include TDK Corporation (Japan), C3Nano (U.S.), Teijin Ltd (Japan), Canatu Oy (Finland), Nitto Denko Corporation (Japan), Cambrios Technologies Corporation (U.S.), Gunze Ltd. (Japan), Toyobo Co., Ltd (Japan), Dontech Inc. (U.S.), Blue Nano Inc. (U.S.), to name a few.
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