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Indium Tin Oxide (ITO) Market
The global indium tin oxide (ITO) market witnessed moderate growth during 2015-2020 and the market expects to grow at a CAGR of around 6% during 2021-2026.
SHERIDAN, WYOMING, UNITED STATES, November 22, 2021 /EINPresswire.com / -- Market Overview:
According to the latest report by IMARC Group, titled 'Indium Tin Oxide (ITO) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,' the global indium tin oxide (ITO) market size witnessed moderate growth during 2015-2020. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of around 6% during 2021-2026. Indium tin oxide, or ITO, is a transparent semiconductor comprising indium, tin and oxygen in different proportions. It is a widely used transparent conducting oxide deposited as a thin film on surfaces using physical vapor deposition techniques. Characterized by physical properties like colorfastness, ultraviolet resistance, and electromagnetic induction shielding, ITO finds extensive applications in manufacturing photovoltaic (PV) cells, touch panels, sensors, and plasma and liquid-crystal displays (LCD).
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Indium Tin Oxide (ITO) Market Trends:
The expanding consumer electronics industry represents the primary factor driving the global indium tin oxide market. ITO is widely used in smart devices like smartphones, tablets and laptops. Furthermore, the rising utilization of ITO in the production of smart automobiles integrated with advanced driver assistance systems (ADAS) has propelled the market growth. Other factors, including the growing adoption of thin-film PV cells and solar panels due to favorable government initiatives and extensive research and development (R&D) activities to reduce the production costs of ITO, are also anticipated to provide a positive market outlook.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
•3M Company
•American Elements
•Densitron Technologies
•EFUN Technology
•Umicore
•Indium Corporation
•Keeling & Walker Ltd
•Kurt J. Lesker Company
•Mitsui Mining & Smelting Co., Ltd.
•Nitto Denko Corporation
•Samsung Corning Precision Material
•Sollensys
•Tosoh Corporation
•Touch International Inc
Breakup by Application:
•Electrochromic Displays and LCDs
•Touch Panels
•Photovoltaics
•Transparent Electrodes
•Others
Breakup by Technology:
•Sputtering
•Vacuum Evaporation
•Chemical Vapour Deposition
•Spray Pyrolysis
•Others
Breakup by Region:
•North America (United States, Canada)
•Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
•Europe (Germany, France, United Kingdom, Italy, Spain, Others)
•Latin America (Brazil, Mexico, Others)
•Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
•Market Performance (2015-2020)
•Market Outlook (2021-2026)
•COVID-19 Impact on the Market
•Porter's Five Forces Analysis
•Historical, Current and Future Market Trends
•Market Drivers and Success Factors
•SWOT Analysis
•Structure of the Market
•Value Chain Analysis
•Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Elena Anderson
IMARC Services Private Limited
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