Silver Nanowires Market to Register 18.7 % CAGR and Hit USD 1,754 MN till 2027
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The global Silver Nanowires market generated revenue of around USD 304 million in 2020 and is anticipated to grow at a CAGR of over 18.7% during the forecast period from 2021 to 2027 to reach around USD 1,754 million in 2027.
Silver Nanowires are silver nanostructures having a diameter of 10 nanometers. Silver nanowires have unique electrical, thermal and optical properties. They are very efficient in scattering and absorbing light. Silver nanowires have applications such as solar cells, high-intensity LEDs, printed circuit boards, touchscreen displays, antibacterial applications, and optical applications.
Increasing demand for silver nanometers for electronic displays
Silver is the best conductive material. Higher conductivity is important for obtaining faster response time and also the detection of ten-finger touch. Transparent conductors based on films with silver nanowires help in creating stronger, flexible, and lighter touch screens. Moreover, it offers optical transference. The lower cost of silver nanowires makes it ideal for touch screen displays. The touch screens are finding applications in self-help kiosks, watches, smartphones, televisions, laptops, and tablets among others. There are nearly 3.8 billion smartphone users worldwide. Nearly 159 million tablets are manufactured annually. Silver nanowires help in making flexible and transparent LED tv screens. There are nearly 200 million smart tv sales annually. The demand for silver nanometers is increasing for all sorts of electronic displays around the world.
Impact of COVID 19 on Global Silver Nanowires Market
COVID 19 had a significant impact on the revenue generation of the global silver nanowires market. To control the spread of COVID19, governments around the world-imposed lockdowns and restrictions in the movement of people and the functioning of industrial units. It led to a decrease in the production output of silver nanowires. Moreover, the end-user industries also had to restrict their production capacity and it affected the demand for nanowires. It resulted in a decrease of 11.4% of the overall revenue generated by the global silver nanowires market in 2020.
To Understand How Covid-19 Impact Is Covered in This Report - https://www.credenceresearch.com/report/silver-nanowires-market
Download Free Sample PDF including full TOC, Tables and Figures@ https://www.credenceresearch.com/sample-request/60316
Silver Nanowires are silver nanostructures having a diameter of 10 nanometers. Silver nanowires have unique electrical, thermal and optical properties. They are very efficient in scattering and absorbing light. Silver nanowires have applications such as solar cells, high-intensity LEDs, printed circuit boards, touchscreen displays, antibacterial applications, and optical applications.
Increasing demand for silver nanometers for electronic displays
Silver is the best conductive material. Higher conductivity is important for obtaining faster response time and also the detection of ten-finger touch. Transparent conductors based on films with silver nanowires help in creating stronger, flexible, and lighter touch screens. Moreover, it offers optical transference. The lower cost of silver nanowires makes it ideal for touch screen displays. The touch screens are finding applications in self-help kiosks, watches, smartphones, televisions, laptops, and tablets among others. There are nearly 3.8 billion smartphone users worldwide. Nearly 159 million tablets are manufactured annually. Silver nanowires help in making flexible and transparent LED tv screens. There are nearly 200 million smart tv sales annually. The demand for silver nanometers is increasing for all sorts of electronic displays around the world.
Impact of COVID 19 on Global Silver Nanowires Market
COVID 19 had a significant impact on the revenue generation of the global silver nanowires market. To control the spread of COVID19, governments around the world-imposed lockdowns and restrictions in the movement of people and the functioning of industrial units. It led to a decrease in the production output of silver nanowires. Moreover, the end-user industries also had to restrict their production capacity and it affected the demand for nanowires. It resulted in a decrease of 11.4% of the overall revenue generated by the global silver nanowires market in 2020.
To Understand How Covid-19 Impact Is Covered in This Report - https://www.credenceresearch.com/report/silver-nanowires-market
Download Free Sample PDF including full TOC, Tables and Figures@ https://www.credenceresearch.com/sample-request/60316