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Overview of the global nanowire market

Technavio’s market research report predicts that the global nanowire market will grow at a CAGR of nearly 31% during the forecast period. The increasing use of cost-effective nanowire batteries is one of the primary drivers for market growth. The number of smartphones, smart homes, and wearables is rapidly rising which, in turn, propels the demand for enhanced battery performance. The energy saved in the lithium-ion battery can be amplified using nanowires which increase the surface area of one or both electrodes in a battery with enhancing conductivity. Moreover, nanowires are smaller in size and improvements in nanowire provide extended lives, faster charging, and better delivery of current. 

One of the latest trends that will gain traction in the global nanowire market is the increasing applications of nanowires in environment and healthcare applications.  Tests are being conducted on a nanowire mat like paper that can be utilized as a new tool for cleaning oil and other organic pollutants. Moreover, nanowire paper is inexpensive to manufacture and is completely water resistant, and is stable at high temperatures. In the field of healthcare, the nanotechnology community is focusing on improving the precision of diagnosis. One of the molecular diagnostics companies QuantuMDx, has already developed a nanowire-based biosensor which can read DNA directly from blood samples.

Competitive analysis and key vendors

The global nanowire market is in the growing stage and vendor competition is likely to intensify based on price and different product offerings. The demand for nanowire is anticipated to move toward the developing countries, and numerous startups and other large companies will enter the market over the next five years. Moreover, the market is predicted to witness an increase in the strategic partnerships and acquisitions by large vendors to get a hold of the major market share and increase their global presence over the next four years.

Key vendors in the market are:

• ACS Material
• Blue Nano
• Cambrios Technology Corp.
• Kemix
• Novarials
• Nanostructured & Amorphous Materials

Other prominent vendors include 3M, C3NANO, Innova Dynamics, Minnesota Wire, nanoComposix, Nano Tech Labs, PlasmaChem, Sisco Research Laboratories, and US Nano.

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Segmentation by application and analysis of the nanowire market

• Electronics
• Healthcare
• R&D

During 2016, the electronics application segment dominated the global nanowire market and is expected to continue the domination during the forecast period. The main contributing factor for the segment’s growth is the increased utilization of nanowires in electronic devices for enhanced performance.

Geographical segmentation and analysis of the nanowire market

• Americas
• APAC
• EMEA

In terms of geography, the Americas led the global nanowire market during 2016 and is foreseen to continue the domination over the next four years. The rising penetration of consumer electronics and healthcare devices assists the growth of nanowires market in the region.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global nanowire market?
• What are the key market trends impacting the global nanowire market?
• What are the challenges to market growth?
• Who are the key vendors in the global nanowire market?
• What are the market opportunities and threats faced by the vendors in the global nanowire market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global nanowire market?

Technavio also offers customization on reports based on specific client requirement.

By distinguishing short- and long-term trends, marketing and research strategies, competitors, and growth opportunities, Technavio brings a comprehensive collection of market research reports on the various aspects of the semiconductor equipment sector, which is an integral part of Technavio’s hardware and semiconductor industry. While analyzing the market space for this industry, research analysts have noted that this industry is observing massive advancements in nanotechnology that has created countless opportunities to influence the overall industry’s growth. Our comprehensive market intelligence reports also provide information on some of the leading players in the hardware and semiconductor industry, such as Rofin-Sinar Technologies, Novanta, Han’s Laser, IPG Photonics, Rofin-Sinar Technologies, Konica Minolta, LG, Samsung, Tokyo Electron, Amkor Technology and Hitachi, who primarily focus on offering miniaturized electronic devices.

To offer clients insights about the industry’s future growth prospects, Technavio’s research analysts have focused on analyzing current trends in one of the fastest growing industries in the world. The upcoming report on nanowires presents a tailored and objective approach to meet research objectives through the use of appropriate analytical tools and evaluates the existing marketing trends, sales, and products. It has been noted that the growing trend towards miniaturized electronic devices have led to rapid innovations in semiconductor equipment and chip manufacturing technologies owing to their nanostructure. Our report expertise includes calculating new market opportunities, market sizing, categorizing key growth drivers and restraints, and operational business strategies.

Our upcoming market intelligence report on nanowires also considers the growth of other progressive semiconductor equipment market like global semiconductor micro components market, which is expected to grow at a CAGR of around 2% by 2020.  To meet the clients’ requirements, Technavio also offers a detailed analysis of the various advanced semiconductor equipment, such as resonators, vacuum capacitors, GaN devices, water quality sensors, and semiconductor lasers,  the scope of the market in across various geographical locations, the leading vendors in the markets, and the services provided by the players. Technavio’s nanotechnology portfolio includes in-depth and knowledgeable reports on nanomagnetic, nanosensors, and nanophotonics.

The upcoming market report for nanowires also identifies the key drivers, emerging trends, as well as the challenges that the semiconductor equipment industry is currently experiencing. It also presents insights into the changing competitive landscape to give clients a realistic picture of the future direction of the overall hardware and semiconductor sector.