Consumer electronics and automotive sectors push adoption potential for electrically conductive materials
Development of nanomaterials to manufacture electrically conductive materials will unlock new growth opportunities, says Frost & Sullivan
SANTA CLARA, Calif. — Frost & Sullivan’s recent analysis, Growth Opportunities for Conductive Materials, finds that increasing demand for high-efficiency electronics and components such as electrical circuits is sparking innovation in the electrically conductive materials industry.
The demand for materials such as conductive polymers, conjugated polymers, quantum dots, metamaterials, conductive hydrogels, and shape memory alloys is expected to increase in the next five years. Extensive miniaturization efforts and anticipated electric vehicle penetration will result in the consumer electronics and automotive sectors securing the highest adoption potential for electrically conductive materials.
“Enhanced material properties such as thermal management improved electrical conductivity, and better mechanical properties will result in significant operational efficiency upgrades,” said Aarthi Janakiraman, TechVision research manager at Frost & Sullivan, in a prepared statement. “The development of nanomaterials for manufacturing electrically conductive materials will open up new avenues for adoption. This will improve the application scope by addressing the key consumer demand for compact and energy-efficient devices.”
Janakiraman added: “Effective mergers and acquisition (M&A) can significantly improve geographic reach and help create techno-commercial synergies, which is critical for long-term sustenance by catering to a broad customer group. Additionally, collaborations with electrically conductive material manufacturers can help product developers attain a unique market position as, in this case, know-how and a large-scale production facility for nanomaterials can ensure efficient pricing.”
To tap into growth opportunities exposed by conductive materials, Frost & Sullivan believes that market participants can focus on:
- Collaborating with material developers to improve cost performance.
- Adopting electrically conductive materials such as graphene, quantum dots, and conductive polymers to improve electrical performance and meet the demand for new capabilities.
- Using electrically conductive materials such as poly (3, 4-ethylenedioxythiophene) and polyimide conductive polymers to noticeably increase the process’s energy efficiency.