Global Conductive Inks Market Driven by Rising Demand for Advanced and Compact Electronic Devices: Technavio
According to the latest market study released by Technavio, the global conductive inks market is projected to grow to USD 1.51 billion by 2021, at a CAGR of more than 3% over the forecast period.
This research report titled ‘Global Conductive Inks Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The top three revenue-generating product segments in the global conductive inks market are:
“Silver inks are the most popular product segment of the conductive inks market, generating over 35% of the overall revenue. The high utilization of silver inks in the photovoltaic cell market is responsible for the dominance of the market segment,” says Chetan Mohan, a lead analyst at Technavio for embedded systems research.
Photovoltaic cells dominate the global conductive inks market by application and are expected to continue their lead due to the increasing awareness and deployment of solar energy systems to produce cleaner energy. Silver ink also has an important role in the fabrication of electronic applications.
Polymers inks form the second largest segment of the conductive inks market. Polymer inks are used to develop PCBs with small features and layers, which are capable of being printed on top of each other for multifunctionality devices. It is also used to develop complex devices where it enhances product performance, improves reliability and quality, and reduces the overall component costs. Polymer inks are also used in medical, industrial, and automotive sectors.
Carbon nanotube ink
“The carbon nanotube ink segment of the conductive inks market is expected to grow at a CAGR of over 4% through the forecast period. Carbon nanotubes consist of strong fibers that give them remarkable electrical, thermal, and mechanical properties,” says Chetan.
Also, positive electronic properties such as the conductivity and flexibility of carbon nanotubes make them suitable to be used in developing nanoscale electronic devices. Carbon nanotubes are widely used in the aerospace and defense sectors to develop energy-efficient and powerful devices.
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