Global Information, Inc. would like to present a new market research report, "Indium Tin Oxide (ITO) and Replacement Markets: Insight for End Users and Material and Equipment Suppliers" by The Information Network.
According to Dr. Robert Castellano, President of The Information Network, "Revenues for ITO targets reached $6.99 billion in 2010, up 25.8% from 2009. The ITO target market will exhibit a CAGR of 26.4% between 2007 and 2016, reaching $26.78 billion in 2016." In terms of market share, "ITO commanded a market share of 97.6% in 2010 primarily because of Flat Panel and Touch-Screen Displays." However, "ITO will lose share to 79.4% in 2016 on a unit basis."
What is indium tin oxide (ITO)? ITO is a material that is used for transparent electrodes in a wide range of electronic devices, which includes: thin-film photovoltaics, touch-screen displays, e-paper, electroluminescent (EL) panels, LCD panels.
The leadership role of ITO as the dominant transparent conducting film is eroding. Currently, the indium tin oxide (ITO) replacement market including conducting polymers, wires, and nanomaterials is booming, says The Information Networks new report. Replacements are increasing in popularity due to the high price of indium.
Flexible films represent an important component in touch panels, bendable e-paper and other related products. All new successful ITO replacements offer flexibility, bendability and additional characteristics superior to ITO despite slightly worse quality in transparency and electrical conductivity.