Nanowires Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 25.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Nanowires Market Analysis
The nanowires market is expected to witness a CAGR of more than 25% during the forecast period. The major factors driving the growth of the market studied are the emerging applications of nanowires in LEDs, nano-medicines, and consumer electronics, and the increasing investments in R&D to explore new areas of application. On the flipside, the lack of reliable methods for assembling circuits serves as one of the stumbling blocks in the growth of the market studied.
- The metal nanowires segment dominated the market and are likely to grow during the forecast period, owing to the unique thermal, mechanical, electrical, and catalytic properties of metal, which makes it suitable for use in various electronic applications.
- The increasing potential uses in the electrical and electronics industry is likely to provide opportunities for the market studied during the forecast period.
- Asia-Pacific dominated the market across the world, where the demand for nanowires is majorly driven by the increasing application and demand from industries, such as consumer electronics, solar cells, and other electronic devices.
Nanowires Market Trends
This section covers the major market trends shaping the Nanowires Market according to our research experts:
Consumer Electronics Segment to Dominate the Market Demand
- Nanowires, due to properties, such ashigh crystallinity, high surface to volume to ratio, and high resistance, are extensively used in consumer electronics.
- Metal nanowires are widely used in the manufacturing of consumer electronics. Nanowires find application in displays, sensors, transistors, memory devices, LEDs, conductors, etc.
- Besides, nanowires allow for faster communication between devices and microchips, which has increased its application in consumer electronics, such as smartphones, television, GPS tracking devices, identification cards, internet routers, etc.
- Hence, with the diversified application of nanowires innumerous electronics, the demand for nanowires is expected to increase with the rise in production in the electronics industry.
- Asia-Pacific has been witnessing numerous investments inthe electronics industry. Thegrowth in electronics production, especially in countries, such as China, India, South Korea, and Japan, etc.
- According toSESEI andMeitY, In India, the total production value of consumer electronics increases by about 2.4% in FY 2018 from the previous year and it is expected to grow rapidly over the forecast period.
- All the aforementioned factors are likely toincrease the demand for nanowires for electronic applications in the region, during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region dominated the global market share, owing to the increasing demand from industries, such as electronics, aerospace, solar cells, sensors, etc.
- China stands to be the largest market for nanowires, as the country has been engaging in R&D activities for the development of nanotechnology.
- The country has a higher usage of nanowires in applications, such as electrical and electronics, construction, healthcare, and aerospace.
- China is the world’s largest producer of electronics. Owing to the growing electronic production, the government has set a goal for the semiconductor industry, to reach USD 305 billion in output, by 2030.
- Japan is one of the largest producers of electronic and energy equipment. The country is also witnessing new solar projects in the country to increase the share of renewable energy.
- For instance, Grasshopper Solar planned an investment of USD 80 million in Japan’s Lizuka solar plant, owned by Setouchi Koken, in September 2018. Hence, this is projected to create demand for solar panels, which is further expected to create demand for nanowires for application in solar cells.
- Similarly, the Japanese company, SoftBank Group, decided to invest USD 60 billion – USD 100 billion in a solar power project in India, which is expected to drive the demand for solar panels, and thereby solar cells.
- Besides, South Korea is one of the major exporters of electronics. Thus, with growing domestic as well as foreign demand for its electronic products, the market players have been increasing their industrial output in the country.
- Hence, all the above-mentioned market trends in the region are expected to drive the demand for nanowires market during the forecast period.
Nanowires Industry Overview
The nanowires market is a highly fragmented market, where numerous players holds insignificant share of the market to affect the market dynamics individually. Some of the noticeable players in the market include Cambrios Technologies Corp., ACS Materials, NanoComposix Inc., RAS AG, and Novarials Corporation, among others.
Nanowires Market Leaders
Cambrios Technologies Corp.
ACS Materials
NanoComposix Inc.
RAS AG
Novarials Corporation
*Disclaimer: Major Players sorted in no particular order
Nanowires Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Emerging Applications of Nanowires in LEDs, Nano-medicines, and Consumer Electronics
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4.1.2 Increasing Investments in R&D to Explore New Applications
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4.2 Restraints
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4.2.1 Lack of Reliable Methods for Assembling Circuits
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Metal Nanowires
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5.1.2 Semiconductor Nanowires
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5.1.3 Oxide Nanowires
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5.1.4 Multi-Segment Nanowires
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5.1.5 Semiconductor Quantum Wires
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5.2 Application
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5.2.1 Consumer Electronics
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5.2.2 Chemical and Biological sensors
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5.2.3 Electronics
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5.2.4 Solar Cells
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5.2.5 Other Applications
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 France
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5.3.3.4 Italy
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East & Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 ACS Materials LLC
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6.4.2 Blue Nano Inc.
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6.4.3 Cambrios Technologies Corporation
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6.4.4 Kemix (Pty) Ltd.
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6.4.5 Minnesota Wire Company
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6.4.6 NanoComposix Inc.
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6.4.7 Nanostructured and Amorphous Materials Inc.
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6.4.8 Novarials Corporation
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6.4.9 RAS AG Materials
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6.4.10 BASF SE
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6.4.11 US Nano
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Potential Uses in Electrical & Electronics Applications
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Nanowires Industry Segmentation
The nanowires market report includes:
| Type | |
| Metal Nanowires | |
| Semiconductor Nanowires | |
| Oxide Nanowires | |
| Multi-Segment Nanowires | |
| Semiconductor Quantum Wires |
| Application | |
| Consumer Electronics | |
| Chemical and Biological sensors | |
| Electronics | |
| Solar Cells | |
| Other Applications |
| Geography | |||||||
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Nanowires Market Research FAQs
What is the current Nanowires Market size?
The Nanowires Market is projected to register a CAGR of greater than 25% during the forecast period (2024-2029)
Who are the key players in Nanowires Market?
Cambrios Technologies Corp., ACS Materials, NanoComposix Inc., RAS AG and Novarials Corporation are the major companies operating in the Nanowires Market.
Which is the fastest growing region in Nanowires Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Nanowires Market?
In 2024, the Asia Pacific accounts for the largest market share in Nanowires Market.
What years does this Nanowires Market cover?
The report covers the Nanowires Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Nanowires Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Nanowires Industry Report
Statistics for the 2024 Nanowires market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Nanowires analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
