Silver Nanowires Market Share

APAC Market Statistics

Asia Pacific silver nanowires market is projected to hold the largest revenue share of 35% by the end of 2036. The regional growth can majorly be attributed to the increasing demand for consumer electronics. The Asia Pacific region is home to some of the largest consumer electronics markets in the world, including China, Japan, and South Korea. According to the China Academy of Information and Communications Technology, China's smartphone shipments reached 365 million units in the first quarter of 2021, a year-on-year increase of 66%.

The Asia Pacific region is also seeing increasing investment in renewable energy sources, propelling the market demand. Governments in the region are implementing favorable policies to encourage the development of new technologies and industries. Also, Asia Pacific being one of the largest and growing manufacturing industry is boosting the market expansion.

North American Market Forecast

North America region, amongst all the other regions, is projected to hold the second largest silver nanowires market share of about 24% by 2036. This is owing to increasing demand for touchscreen displays across the region. Silver nanowires are a key component of touchscreens, and their demand is expected to continue to grow as manufacturers look for high-performance and energy-efficient alternatives to traditional touchscreens.

The North American region is a leader in nanotechnology research and development. Researchers in the region are developing new synthesis methods and exploring new applications for silver nanowires, which is expected to create new opportunities for the market.