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 to 2027

A recent report published by Infinium Global Research on the nanowire market provides in-depth analysis of segments and sub-segments in the global as well as regional nanowire market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional nanowire market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global nanowire market. According to the report, the global nanowire market is projected to grow at a CAGR of 16.45% over the forecast period of 2021-2027, growing from nearly USD 280 million in 2020 to about USD 805.72 million in 2027.

Market Insight

The specialty chemical and material sector has gone through several transformations over the past few years. Many public and private organizations are involved in developing innovative materials that have unique physical and chemical properties. Nanomaterials are materials with any of their dimension in the nanometer range. There are various types of nanomaterials depending on their shapes such as nanolayers, nanorods, nanoparticles, and nanowires. Nanowires are characterized with a thickness ranging from 1-100 nanometers, while their length can exceed the nanometer realm. Nanowires exhibit exceptional electrical, thermal, and mechanical properties. These properties of nanowires make them suitable for a wide variety of applications in electrical, magnetic, optical fields. Products such as photovoltaics, sensors, transistors, piezoelectric generators, and energy storage devices widely use nanowires.

The growing demand for high-efficiency materials from the end-use industries is majorly driving the nanowires market. Several modern products require materials with superior electromagnetic, and mechanical properties, which are not offered by traditional materials. Nanowires offer the enhanced properties required for advanced products, augmenting the demand among the end-users. Moreover, the growing demand for indium tin oxide (ITO) is further augmenting the market growth. ITO is expensive to produce due to its limited reserves. The nanowires offer optoelectronic properties similar to ITO, making them a credible substitute. However, the lack of reliable manufacturing methods of nanowires is the major restraining factor for the growth of the nanowire market. Nevertheless, the advent of advanced technologies is anticipated to offer growth opportunities to the nanowire market over the forecast period.

The global nanowire market is segmented into North America, Europe, Asia Pacific, and RoW, in terms of regions. Among these regions, North America accounted for the largest share in the global nanowire market. The domination of North America was attributed to the presence of leading electronic manufacturers. Moreover, higher investments by private, and public organizations support the domination of North America in the global market. Furthermore, Asia Pacific is estimated to grow at the fastest rate due to the growing end-use industries such as electronics, medical, and aerospace. Additionally, a large number of manufacturing facilities are built in the Asia Pacific due to the availability of cheap labor, and low manufacturing costs in countries such as India, China, and Taiwan. Other factors such as rapid economic expansion, adoption of advanced technologies, and growing urbanization in developing countries such as China, India, and Korea are further driving the market growth of Asia Pacific.

Segment Covered

The report on global nanowire market covers segments such as type, and application. On the basis of type, the sub-markets include metal nanowires, semiconductor nanowires, oxide nanowires, multi-segment nanowires, and semiconductor quantum wires. On the basis of application, the sub-markets include metal oxide semiconductor field effect transistors, gas and chemical sensors, solar cells, nanogenerators, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as C3Nano, Inc., RAS AG, NanoTechLabs, Inc., Cambrios Technologies Corp., ACS Material, LLC, American Elements, Novarials Corporation, OneD Material, LLC, Alfa Chemistry, and Sisco Research Laboratories Pvt. Ltd..

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the nanowire market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.