LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global nanowire market to grow to USD 288.63 million by 2021, at a CAGR of close to 31% over the forecast period, according to their latest report.
The research study by Technavio on the global nanowire market for 2017-2021 provides a detailed industry analysis based on application (electronics, healthcare, and R&D) and geography (the Americas, APAC, and EMEA).
A nanowire is a nanostructure, which can range from 40 to 100 billionths of a meter in diameter and up to 10 millionths of a meter in length. The electronics sector is the leading segment of the global nanowire market, occupying over 70% of the global market. The increasing deployment of nanodevices for enhanced performance of various electronic devices is driving the dominance of the market segment.
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Technavio analysts highlight the following three factors that are contributing to the growth of the global nanowire market:
- Use of silver nanowires for manufacturing highly conductive and elastic conductors
- Low-cost water purification using nanowires
- Increasing use of cost-effective nanowire batteries
Use of silver nanowires for manufacturing highly conductive and elastic conductors
“Highly conductive and elastic silver nanowires are being used to develop stretchable electronic devices. These flexible silver nanowires offer a new level of flexibility to electronic devices, giving rise to a multitude of new applications,” says Navin Rajendra, a lead analyst at Technavio for embedded systems research.
Robots with electronic skins are capable of picking up delicate objects without breaking them. Also, stretchable displays and antennas can give smartphones and other electronic devices the ability to stretch and compress without affecting their performance. Silver nanowires are expected to provide a new direction to the growth of the electronics industry.
Low-cost water purification using nanowires
In 2010, researchers developed a high-speed, low-cost filter using nanowires, capable of purifying water in a cost-effective and efficient manner. The device makes use of silver nanowires and carbon nanotubes enmeshed in a cotton cloth placed in a high-tech broth. This highly effective filter works by killing pathogens in an electrical field using highly conductive non-coated cotton. These cost-effective filters are being widely adopted in developing and under-developed countries and providing access to clean and safe drinking water.
Increasing use of cost-effective nanowire batteries
“There is a high demand for improved batteries with the growing popularity of smartphones, smart homes, and wearables. The increasing investments towards the development of high-capacity Lithium-ion batteries with nanowires is a key driver of the global market,” says Navin.
The advances in nanowire batteries not only offer higher battery capacity but also longer lives to lithium-ion batteries. Amprius, a start-up in the market field, is aiming at providing lightweight, long-lasting batteries for wearable technologies, unmanned vehicles, and electric vehicles. The technology is also flexible and scalable to use in wearable technological devices, electric cars, display screens, flexible electronics, and biomedical devices.
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