Nanowires are conducting wires which have very thin diameter (in the order of nanometers). Nanowires are extensively used in electronics circuits especially in embedded systems. The aspect ratio of nanowires plays a key role in the properties of the nanowire. It facilitates excellent conductivity of electric current which enhances the performance of the devices thereby producing stable output results. Therefore, nanowire is widely used in variety of applications in consumer electronics, magnetic devices, electronics, optoelectronics etc. Thus its applications is boosting the growth of the global nanwire market with a CAGR of 31% during the forecast period 2016-2023. Now-a-days, nanowires are used in solar cells in order to improvise its efficiency. Photovoltaic cells which consists of collection of semiconductor nanowires ensures high efficiency as compared to the conventional solar cells. As per ACS Nano Publications, solar cells based on nanowire technology has a photovoltaic conversion efficiency of 17.8% and short circuit current dencity of 29.3mA/sq.cm. This is the highest efficiency exhibited by a nanowire solar cell.
The key factor driving the growth of global nanowire technology is the increased adoption of nanowire batteries. Nanowire batteries consists of lithium ion batteries which comprises of an anode made of stainless steel and is covered by silicon wires. According to Phys.Org, nanowire batteries have low cost due to the techniques which facilitates conversion of bulk alloys to oxide nanowires. This has led to the decrement of price of 1D nanostructures. These batteries also have long lifetime (2,00,000 cycles over a period of 3 months) as compared to conventional batteries. Moreover, nanowire batteries are widely used in consumer electronics such as smartphones, tablets, energy generation and remote controller. According to Atlas of Science, the use of metal nanoparticles in manufacturing nanowires have led to the development of better nanowire batteries. The nanowire batteries are used in smartphones, tablets etc so that it can be charged up completely in few minutes. Therefore, there is huge demand for nanowire batteries. Moreover, the increasing demand for compact devices such optoelectronic devices , transistors etc. consists of very small circuits for which nanowires and nanowire batteries are required.
Source: OBRC Analysis
The report on global nanowire market includes product type and applications.
Product types included in nanowire market report are:
- Metal Nanowires
- Semiconductor Nanowires
- Oxide Nanowires
- Multi-Segment Nanowires
- Semiconductor Quantum Wires
The applications of nanowire include:
- Consumer Electronics
- Magnetic Devices
- Biological Labels
- Chemical and Biological sensors
- Electronics
- Optoelectronics
- Solar Cells
- Others
The report scope is widely categorized on the basis of its product type which includes Metal Nanowires, Semiconductor Nanowires, Oxide Nanowires, Multi-Segment Nanowires and Semiconductor Quantum Wires.
The global nanowire market report has been geographically segmented in:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
Geographically, North America is the leading region for nanowire wire market as majority of the market player are headquartered in United States. Moreover, nanowire has large number of applications in transparent conductors. Asia Pacific and North America have emerged as a leading market for transparent conductors and accounted for market revenue share worth $3100 million in 2015. Asia Pacific is the fastest growing market owing to the increased production of nanowire batteries in developed countries such as Japan and China.
Global nanowire market report covers segmentation analysis of product type and application. Report further covers segments of equipment type which includes metal nanowires, semiconductor nanowires, oxide nanowires, multi-segment nanowires and semiconductor quantum wires. Among these segments, semiconductor nanowire had accounted for highest revenue share in 2016. This is due to the increased adoption of semiconductor nanowires in solar cells in order to enhance its efficiency. Also, the start-up company SolarVoltaics gathered funding of $9.4 million in order to produce solar cells based on the nanowire technology. Semiconductor wires are also extensively used in battery electrodes solar cells, sensors and biology. Semiconductor quantum wires are also widely used in optoelectronic applications. Applications of nanowire includes consumer electronics, magnetic devices, biological labels, chemical and biological sensors, electronics, optoelectronics, solar cells etc.
The major market players of the global nanowire market are:
- ACS MATERIAL
- BLUE NANO.
- CAMBRIOS TECHNOLOGY CORP
- 3M
- US NANO
- OTHERS
These companies are using various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, merger and acquisition is the key strategy adopted by the companies in the nanowire market.
For Example; In April 2015, C3Nano announced its acquisition with Aiden company ltd. which is Asia’s leading manufacturer of silver nanowire owing to the future innovations of touch sensor applications.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in nanowire market.
Key reason to buy the report:
- The report includes market estimation, forecast and analysis for the year 2016-2023.
- Report includes detailed analysis of different segments such as product type and applications of nanowire market.
- Identify and understand the strength, opportunities, challenges and threat of the nanowire market.
- Covers details analysis of porters 5 force model and other strategic models and also covers revenues, market share analysis, and competitive landscape analysis of major players of voice communication segment market.
- Detailed analysis of various the regulatory policies which are affecting the global nanowire market.
How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global nanowire market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the nanowire market, with giving extensive SCOT analysis of key companies.
Key findings of the global nanowire market:
- The global nanowire market is expected to grow at a CAGR of 31% during the forecast period 2016-2023.
- North America is the leading market region for nanowire wire as majority of the market player are headquartered in United States. Asia Pacific is the fastest growing market.
- Semiconductor nanowire had accounted for highest revenue share in 2016.
- Merger and acquisition is the key strategy adopted by the companies in the nanowire market.