Technology used in flexible electronics, wearable devices, sensors, and solar panels to advance self-reliance and reduce import dependency; The global market for silver nanowire-based conductive ink and adhesive is projected to surpass $16.87B by 2032 due to a rapid increase in the electronics, semiconductor, solar photovoltaic, and RFID market.
FinTech BizNews Service
Mumbai, January 10, 2025: In an event held at NIT Warangal today, indigenous knowhow of silver nanowire-based conductive ink technology was transferred to the startups M/s Chematico Technologies Private Limited (incubated at IIT Ropar) and M/s Vasanthbala Functional Materials Pvt Ltd, (incubated at NIT Warangal).
The global market for silver nanowire-based conductive ink and adhesive is projected to surpass $16.87B by 2032 due to a rapid increase in the electronics, semiconductor, solar photovoltaic, and RFID market. The market growth can be attributed to key factors, including robust demand from end-use industries. India imports ink worth no more than $15,72,000 every year. The United States of America, the People's Republic of China, the Netherlands, the United Kingdom, and Taiwan are the major exporter countries.
The transferred technology has been developed under the project funded by the Ministry of Electronics and Information Technology (MeitY), Govt. of India and jointly implemented by Prof. Sarang Gumfekar, IIT Ropar and Prof. Shirish Sonawane, NIT Warangal.
Silver nanowire-based conductive ink is used commonly to repair or improve circuits on printed circuit boards. The ink is used in flexible electronics (foldable devices/screens such as computer keyboards, windshield defroster), RFID tags, wearable devices, sensors, display technologies, solar panels, etc.
The technology transfer event took place in the august presence of Shri Bhuvnesh Kumar, IAS, Additional Secretary, & CEO, UIDAI, MeitY, GoI, Smt. Sunita Verma, Group Coordinator, MeitY, GoI, Prof. Rajeev Ahuja, Director, IIT Ropar, Prof. Bidyadhar Subudhi, Director, NIT Warangal, Shri Surendra Gotherwal , Scientist, MeitY, GoI.
Speaking at the event, Shri Bhuvnesh Kumar Chief Guest, highlighted the transformative potential of developed indigenous nanosilver-based conductive ink technology in the field of semiconductor ecosystem having applications in flexible electronics, electronic packaging, displays, solar photovoltaics, RFID tags, etc.
While congratulating the startups, he suggested for the large-scale manufacturing of silver nanowires and the production of conductive ink in the country. He added that the developed technology can reduce India’s conductive ink import for advanced electronic material applications.
