Recent Research Explores the Global Nanowire Market 2027

 Infinium Global Research’s recent report on the “Nanowire Market (Type- Metal Nanowires, Semiconductor Nanowires, Oxide Nanowires, Multi-Segment Nanowires, and Semiconductor Quantum Wires; Application- Metal Oxide Semiconductor Field Effect Transistors, Gas and Chemical Sensors, Solar Cells, Nanogenerators, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts up to 2027” provides a comprehensive outline of the factors responsible for the growth of the market. The reported study estimated the market for nanowire will reach up to 805 million in 2027, with a Compound Annual Growth Rate of 16.45%, over the forecast period (2021-2027).

"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026." 

The Section on the Impact of COVID-19 on this Market is Included in the Report for Free. To Know More Request Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/28172

Nanowires are types of nanomaterials that demonstrate excellent physical properties due to their unique nanoscopic structure. They are used for manufacturing a wide range of devices such as field-effect transistors, magnetic devices, chemical biological sensors, logic gates, nanogenerators, and solar cells. The demand for nanowires has increased over the past few years from various industries, particularly electronics, power generation, and appliances.

Moreover, the growing demand for indium tin oxide (ITO) substitute material from the end-use industries is majorly driving the growth of the nanowire market. ITO is expensive to produce due to depleting sources of indium. Nanowires offer similar properties to that of ITO making them a suitable alternative. Furthermore, the increase in investment by private and public organizations is anticipated to boost the growth of the nanowire market. Furthermore, the emergence of advanced technology is expected to augment the demand for nanowires over the forecast period.

The demand for nanowire declined for a short period during the spread of novel coronavirus. Temporary lockdown of manufacturing units of the major end-user sled to lower sales of the nanowire. Moreover, the pandemic also created major disruptions in supply chains. This led to creating a gap in supply and demand across the global market. Governments in many countries imposed stringent lockdowns, which hampered the production, value chain, and business operation across the specialty material industry. This, in turn, disrupted the sale of vendors supplying nanowire over the period of pandemics. However, as the pandemic situation is subsiding the market is expected to get back to its pre-pandemic state.

Metal Nanowire to Dominate the Nanowire Industry

The nanowire market is segmented into metal nanowires, semiconductor nanowires, oxide nanowires, multi-segment nanowires, and semiconductor quantum wires based on type. Among the types, the metal nanowires segment dominated the nanowire market in 2020. The metallic nanowire exhibits exceptional properties such as high electrical and thermal conductivity, optical transparency, and chemical inertness. This type of nanowires is widely used for electronic, and power applications. Metal nanowires are being tried in products such as molecular electronics, supercapacitors, touch sensors, and transparent electronics.

Moreover, the demand for metal nanowires is on the rise among the end-users due to their wide range of applicability. Furthermore, metal nanowires can be readily fabricated with various techniques. This makes the manufacturing cheaper than other types of nanowires, which is anticipated to further boost the segment in the market.

Need Assistance? Send an Enquiry@ https://www.infiniumglobalresearch.com/reports/customization/28172

Companies Operating in Nanowire Market to Expand Their Product Portfolio

The nanowire market is highly fragmented with the presence of several start-ups and well-established players. The players such as C3Nano, RAS, NanoTechLabs, Cambrios Technologies, ACS Material, American Elements, Novarials, OneD Material, Alfa Chemistry, and Sisco Research Laboratories dominated the global market. The key market players are continuously focusing on R&D and other strategies such as partnerships, mergers, and acquisitions. For instance, in December 2020, Aledia develops the world’s first microLED chips produced on 300mm silicon wafers. The products are anticipated to boost the growth of the company.

Similarly, OneD Battery Sciences have launched its SINANODE technology in June 2021. The SINANODE is nanowire technology that helps manufacturers to build an EV battery with more silicon. The technology is anticipated to consolidate the EV battery portfolio of the company. These technological advancements boost the competitiveness among nanowire start-ups. Such strategies are anticipated to offer growth opportunities to the market players, consolidating their position in the market. Infinium Global Research’s recent report on the global nanowire market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments in the global market.

North America to be the Dominant Region in Nanowire Market

In terms of region, North America accounted for the largest revenue in the nanowire market in 2020 and is expected to continue its dominance over the forecast years. Factors such as higher demand from end-user industries and a rise in the investment in nanowire by private organizations and public institutes are likely to support the growth of the market. Moreover, the presence of the major market players and end-use companies is expected to boost the demand for nanowires in North America.

Furthermore, Asia Pacific is anticipated to grow at the fastest rate in the global nanowire market. The market for nanowire in the Asia Pacific is majorly driven by the growing end-use industries and an increasing number of manufacturing facilities set up in countries such as China, India, and Taiwan. In addition, several public, and private organizations in the Asia Pacific are heavily investing in the R&D for nanowire. This, in turn, is likely to boost the nanowire market in the Asia Pacific.

Browse Complete Report@ https://www.infiniumglobalresearch.com/chemical-material/global-nanowire-market

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the nanowire.

=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2027.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company. 

 => Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.