Global Transparent Conductive Films Market
Material Types (Indium Tin Oxide (ITO) on Glass, Indium Tin Oxide (ITO) on PET, Silver Nanowire, Carbon Nanotubes, Conductive Polymers, Other Material Types)
The indium tin oxide (ITO) on glass segment dominates the transparent conductive films market with a considerable revenue share of 28.3% in 2024 due to its well-established presence and reliability in various applications. However, the high production cost of Indium and its limited availability are making it difficult for this segment to grow at the same rate as other alternative materials. To cater to this issue, market players are focused on performance enhancement and making ITO films sustainable. This is expected to open new avenues in the market going ahead.
For example, in October 2023, Dai Nippon Printing Co., Ltd. and Microwave Chemical Co., Ltd. announced their new development related to a transparent conductive film using the microwave irradiation process for generating silver nanowires with a nanometer level that showed a good balance in high transparency and conductivity
Application (Smartphones, Tablets, Laptops and Notebooks, LCD and LED Monitors and TVs, Wearable Devices, OLED Lighting, Wearable Solar Photovoltaic, Other Applications)
The smartphones segment is expected to maintain its dominance, capturing a 23.3% revenue share in 2024 due to rising sales of different types of smartphones and the widespread use of TCFs in touchscreens and displays. In September 2023, a report by Azo Materials underpinned the advantages of thin film electronics and increasing its rising demand in smartphone manufacturing. These include flexibility and lightweight with cost-effective features, which are ideal for applications ranging from wearable health monitors to foldable displays. Examples include smart bandages for wound monitoring and drug delivery and flexible OLED displays developed by Samsung for foldable smartphones and tablets.
Our in-depth analysis of the global market includes the following segments:
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Author Credits: Rajrani Baghel
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