Nanowires Market - Factors Driving Growth Post 2017
Nanowires are basically a typical electrical wires other than the fact that it is extremely small. A normal nanowire would have a diameter on the order of a few nanometer s (nm) or less, where 1 nmis equivalent to 10-9 meters. Just as a conventional wire, nanowires uses a variety of conducting and semiconducting materials like zinc oxide, copper, silver, gold, iron, germanium and silicon. It can also be made from carbon nanotubes. The production of nanowire uses a controlled conditions some of the methods used include vapour deposition, suspension and Vapor-Liquid-Solid (VLS) synthesis methods among others. Over the coming years due to its lucrative properties, nanowires would replace certain materials such as indium tin oxide (ITO) which is primarily used for capacitance touchscreens as a transparent conductive coating and even to a certain extent replace LEDs. Nanowires could as well be the main stream components used for most of the consumer electronic devices replacing the conventional wires that are used in today’s electronic age. Currently one of the major application of nanowires is in transparent conductors market as it reduces the cost and increases efficiency as compared to the conventional wiring system used.
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Growing demand for displays, solar cells and batteries, healthy growth of flexible, and stretchable devices, including sensors, displays and solar cells, launch of new generations of transistors based on nanowire arrays are some of the factors that would drive the growth of nanowires market. In addition to the advantage it has over traditional wires such as high-throughput with low production costs, and increasing research and development activities would in turn boost the nanowires market to a certain extent. Lack of reliable methods for assembling and building blocks into circuits and insufficient control over properties of individual blocks while manufacturing nanowires are expected to hinder the growth of the nanowires market.
The global Nanowires market can be segmented on the basis of product type, application and region. On the basis of product type, the global nanowires market can be segmented into Metal Nanowires, semiconductor Nanowires, Oxide Nanowires, Multi-Segment Nanowires and Semiconductor Quantum Wires. On the basis of application, the nanowires market can be segmented into Consumer Electronics, Magnetic Devices, Biological Labels, Chemical and Biological sensors, Electronics, Optoelectronics, Solar Cells and Others On the basis of region, the global Nanowires market can be segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and Latin America. In addition, Asia-pacific nanowires market is expected to gain traction during the forecast period.
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Some of the key players in the global Nanowires market include ACS Material, Blue Nano, Cambrios, Kemix, Minnesota Wire, Nano Composix, Sea Shell Technology, Nanostructured and Amorphous Materials Inc., Novarials, US Nano and RAS Materials among others.
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