November 16, 2017
WELLESLEY, Mass., Nov 16, 2017 – Driven by their increasing use in the fabrication of displays, solar cells and batteries, as well as the launch of new generations of transistors based on nanowire arrays, the global market for nanowire-based devices will likely reach $1.6 billion by the end of 2017 and revenues could top $6 billion by 2022, according to an industry report by BCC Research.
The nanowire-based device market is projected to grow at a robust compound annual growth rate (CAGR) of 30.6% through 2022, according to the report Nanowire-based Devices: Technologies and Global Markets. The optoelectronic devices segment will lead the market in size and is projected to have a 2022 estimated value of $3.4 billion with a CAGR of 29.9% through the period. The use of nanowire will also be strong in energy devices, with a 2022 value estimated at $1.4 billion.
Nanowires are cylindrical and have a diameter of less than 100 nanometers; they are also flexible, have a high surface area and exhibit a quantum confinement effect.
Leading patent holders in the nanowire-based device field include IBM, Taiwan Semiconductor Manufacturing, Commissariat a l’Energie Atomique et aux Energies Alternatives, Intel, Samsung, GlobalFoundries, Regents of the University of California and Alphabet Energy.
“Development of nanowires has been primarily driven by the electronics industry,” said report author and BCC Research analyst Margareth Gagliardi. “With increasing device miniaturization, the electronics sector has started looking into the creation of a new generation of devices that could be manipulated at the molecular level, thus creating the new field of molecular electronics.”
Robust Growth Expected Through 2022
Demand for nanowire-based devices is projected remain robust due to:
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Nanowire-based Devices: Technologies and Global Markets( NAN061A )
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