Silver Nanowires Market Will Leverage Demand from the Electrical & Electronics Industry

The Silver Nanowires Market size is estimated to reach US$1.6 billion by 2027, after growing at a CAGR of 6.3% during the forecast period 2022-2027. The use of Silver Nanowires in Electrical & Electronics has increased significantly. Silver nanowires combine high electrical conductivity with low visible light extinction and are used in a variety of applications ranging from transparent electrodes to temperature sensors and pressure sensors. Innovative digitalization technologies are expected to reshape the outlook of the silver nanowires market during the forecast period. The global demand for electronics products is expected to drive the growth of the silver nanowires market during the forecast period. For instance, according to India Brand Equity Foundation, domestic electronic production in India has increased from US$29 billion in 2014-15 to US$67 billion in 2020-21, and this growth will drive the silver nanowires market. 

Silver Nanowires Market: Leading Segment is the Electrical & Electronics Market

On the basis of the end-use industry, the Silver Nanowires market can be segmented into transportation, energy generation, electrical & electronics and others. During the forecast period 2022-2027, the electrical & electronics segment is expected to grow with a CAGR of 6.9%. Silver nanowires are widely used in touch screen displays, which are found in the majority of electronic devices such as laptops, tablets and others. As televisions and other electronic devices have become more rugged and flexible, the demand for low-cost materials such as silver nanowires increases significantly, propelling the silver nanowires industry. According to the Semiconductor Industry Association (SIA), global semiconductor sales totaled US$151.7 billion in the first quarter of 2020, a 23% increase over the first quarter of 2021.

Silver Nanowires Market: Leading Region is the Asia-Pacific

On the basis of geography, the Silver Nanowires market can be segmented into North America, South America, Europe, APAC, and ROW. According to IndustryARC’s analysis, Asia-Pacific has emerged as the most profitable region in the market. In 2022, the Asia-Pacific region held a 39.6% share of the total revenue earned by the market globally. Asia-Pacific countries including the India and China are ahead comparatively in terms of consuming electrical & electronics products. According to the India Brand Equity Foundation, in 2025, Electronics consumption will increase to US$400 billion by 2025, up from US$33 billion in FY20. The Silver Nanowires market will also gain demand from the North American region. The U.S. and Canada are emerging as competitive countries in the Silver Nanowires market.

Silver Nanowires Market: Competitive Landscape

Key companies holding major shares in the Silver Nanowires market are Cambrios Technologies, Hefei Vigon Material Technology, Nanopyxis, Showa Denko K.K., NanoTech Labs Inc, Conductive Compounds, Inc, C3Nano, BASF, Johnson Mathey Plc and RAS AG Material Technologies

R&D Investment:

In October 2021, Pune scientists developed a new technology for producing silver nanowires that reduce the cost to 10% of the market price.

In October 2020, NanoDirect Introduced the Direct Silver Line of Silver Nanowire Dispersions. NanoDirect's high purity nanowires are critical for use in products such as smart textiles, e-readers, display technology, photonics, biosensors and solar cells.

In February 2020, The CSIR-National Chemical Laboratory successfully developed a technology for producing precision silver nanowires at a fraction of the current market price.