In March, 2021, NITTO DENKO CORPORATION Strengthened Oligonucleotide Therapeutic Manufacturing Business in Japan

Transparent conductive films in prototype dashboards are anticipated to grow as the demand for entertainment systems and human-machine interfaces in automobiles increases. The market is anticipated to grow as transparent conductive coatings are used more frequently on steering wheels, seatbacks, car control panels, and entertainment panels.  ​

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Global transparent conductive films market is expected to reach USD 24,952,078.56 thousand by 2028 from USD 11,358,245.89  thousand in 2020, growing with a CAGR of 10.4% in the forecast period of 2021 to 2028. The increasing use of touch UI interface devices and the decreasing price of smartphones are two reasons that are expected to fuel the growth of the transparent conductive films market globally. The market is further helped by low power consumption, little reflection, thinness, flexibility, and resilience of transparent conductive films. Increasing demand for notebooks and tablet PCs is also anticipated to propel the expansion of the transparent conductive films market over the course of the projected year.    

Increasing usage of transparent conductive films in the photovoltaic sector will drive the market's growth rate

The growing use of solar panels in almost all industries also increases the demand for conductive films and hence contributing to the growth of the global transparent conductive films market. Transparent photovoltaic (POS) combines the transparency of visible light and solar energy conversion and is being developed for applications where traditional opaque solar cells are unlikely to be feasible, such as windows in buildings or vehicles. There have been the latest developments in POS and strategies to make traditional photovoltaic power generation transparent, including thin-film technology, selective light transmission technology, and luminous solar concentrator technology. This is driving the growth of the market. Increased expenditure by public and private players on infrastructure development will also promote the market growth rate. Continuous research and development pertaining to deploying advanced technologies will widen the growth scope.  

Report Scope and Market Segmentation

Segment Analysis:

The global transparent conductive films market is segmented into two notable segments which are based on the material and application.

• On the basis of material, the global transparent conductive films market is segmented into ITO on glass, ITO on pet, silver nanowires, metal mesh, graphene, carbon nanotubes, PEDOT and others. In 2021, ITO on glass segment is expected to dominate the global transparent conductive films market as ITO on glass is very strong and has high resistance power, which increases its demand globally. In Asia-Pacific, the ITO on glass is projected to dominate the region since ITO on glass has superior physical and technological properties compared to other materials, increasing its demand in the region. In North America, the ITO on glass is projected to dominate the market as ITO on glass has a low melting temperature that helps maintain the softness of any product, thus raising its demand in the region.

The ITO on glass segment will dominate the material segment of the transparent conductive films market

The ITO on glass segment will emerge as the dominating segment under material segment in 2021. This is because of the growing awareness about the abundant availability of ITO on glass as a raw material. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

• On the basis of application, the global transparent conductive films market is segmented into smartphones, tablets, notebooks, pcs, TV displays, OLED lighting, OPV, DSSCS, wearable devices, and others. In 2021, the transportation segment is expected to dominate the global transparent conductive films market with a 25.16% market share as they are mostly used in all the commercial and residential places, which increases its demand globally. In Asia-Pacific, smartphones are projected to dominate the market since they are mainly produced in China and Japan, increasing its demand in the region. In North America, smartphones are projected to dominate the market as they provide greater accessibility to the outside world, thus raising its demand in the region.

The transportation segment will dominate the application segment of the transparent conductive films market

The transportation segment will emerge as the dominating segment under application in 2021 with approximately 25% market share. This is because of the growing number of distribution channels and players in the market especially in the developing economies. Further, growth and expansion of the transportation industry all around the globe will further bolster the growth of this segment.

Major Players              

Data Bridge Market Research recognizes the following companies as the market players in transparent conductive films market: CAMBRIOS (U.S.), GUNZE LTD. (Japan), C3Nano (U.S.), CANATU, (Finland), DONTECH, INC. (U.S.), TOYOBO CO., LTD. (Japan),  TDK Corporation (Japan), TEIJIN LIMITED (Japan),  NITTO DENKO CORPORATION (Japan),  & XTPL  (Poland).

Market Development 

• In March, 2021, NITTO DENKO CORPORATION strengthened Japan's oligonucleotide therapeutic manufacturing business. The investment significantly increased the manufacturing capacity of its oligonucleotide therapeutic business.
• In May, 2021, Toyobo Co., Ltd. joined the JMTC Chemical and Materials Investment Limited Partnership, an investment fund to accelerate start-ups engaged in developing new materials, as a first-close investor. This partnership has increased the output of the firm which in turn increased the profit of the company.
• In July, 2021, TEIJIN LIMITED started operating commercially to manufacture carbon fibre products including prepreg, a fiber sheet pre-impregnated with matrix resin as an intermediate material for composites in Vietnam. This has increased the firm's production capacity, leading to the company's growth.  

Regional Analysis

Geographically, the countries covered in the transparent conductive films market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in transparent conductive films market during the forecast period 2021 - 2028

The rise in car ownership and demand for recreational vehicles in developing nations such as India, South Korea, Brazil, Indonesia, and Mexico are credited with driving the expansion of the market. Customers in Asia-Pacific are demanding infotainment systems in cars that provide a better driving experience, making the cars smart and secure. Furthermore, the need for infotainment systems for real-time monitoring is anticipated to increase due to the rising number of traffic jams and automobiles on the road in Asia-Pacific, which is predicted to favor the market for transparent conductive films.

North America is estimated to be the fastest-growing region in transparent conductive films market the forecast period 2021 - 2028

The transparent conductive films market in North America is anticipated to rise as a result of the region's expanding automotive sector, rising luxury automobile demand, and rising costs associated with implementing cutting-edge technologies. The U.S. is the market leader in North America as a result of the region's expanding use of transparent conductive films in the solar industry.

COVID-19 Impact

The COVID-19 epidemic is having an effect on society and the global economy. The effects of this outbreak are spreading daily and are impacting both the global economy and business in general. The issue is leading to decreased corporate confidence, a significant slowdown in the supply chain, and escalating consumer concern in addition to causing uncertainty in the stock market. Due to the closure of manufacturing facilities, countries in Asia and Europe that are under lockdown have seen significant losses in revenue and business. The COVID-19 disease epidemic has significantly impacted production and manufacturing operations, which has further hampered market growth for transparent conductive films. The COVID-19 epidemic has also had an effect on the electronics industry, as production facilities have been halted. The market opportunity for transparent conductive films is hampered by the significant production disruption across Europe and the suspension of Chinese part exports. It is anticipated that demand for novel and cutting-edge items could increase once the economy starts to recover. Companies are eager to invest in cutting-edge items that use new technology because they anticipate increasing their goodwill after customer demand soars.

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