With substantial advancements in technology and increasing demand for sophisticated compact products, the global transparent electronics market is poised for significant growth over the forecast period. Increased need for miniaturization of electronic devices is anticipated to be a key trend impacting the market growth.
The technology focuses on the production of optoelectronic devices as well as the invisible electronic circuitry. Transparent electronics employs wide band-gap semiconductors for the implementation of invisible circuits. The technology also conducts through transparent conducting oxides (TCO) which includes In2O3, CdO, ZnO, and SnO2. Key applications include transportation, consumer electronics, and energy sources. Transparent conducting oxides are used in varied applications such as flat panel displays, heaters, touch display panels, defrosters, optical coating, solar cells, and smart windows.
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Silicon compounds are anticipated to favorably impact the transparent electronic materials market. The technology has improved the potential of products developed with features, some of the examples which include ability of displaying information on an automobile windshield and surfing the web. Advancements in Resistive Random Access Memory (RRAM) based on zinc tin oxide, which is referred to as memristor, helps the memory operate on resistance and is thereby, anticipated to open new avenues for the market growth.
Key components used in transparent electronics such as oxides and wide band gap semiconductors are used as passive as well as active components, which is reminiscent of conventional semiconductors with amorphous or crystalline structures. Additionally, ZnO-based thin-film transistors are made of optical transmission which includes substrate in the visible fragment of the electromagnetic spectrum. Exposure to ultraviolet radiation gives rise to persistent photoconductivities which are related to the creation of electron hole pairs by ultraviolet photons.
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Increasing penetration of touch-enabled electronic devices is anticipated to drive the transparent electronics market growth. Growing initial capital investment is expected to pose a challenge to the market.
North America is anticipated to hold a major share owing to the rising disposable income and stringent regulations in the emission reduction & energy consumption.
Key transparent electronics market players include Apple Inc., Cambrios Technologies Corporation, Corning Inc., Evaporated Coatings Inc, Dontech Inc, Samsung electronics Co. Ltd, Saint-Gobain SA, Sharp Corporation.
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