As the touch market grows, the ITO conductive film market, which is one of the important components, will certainly follow the same trend. It is expected that the transparent conductive film market for touch panels will grow significantly. According to Displaybank's market research report, the transparent conductive film market for touch panels is expected to expand with the application of touch panels and will maintain an average growth rate of 22% over the next four years. The main materials used in the touch panel include ITOGlass (Indium Tin Oxide Transparent Conductive Glass), ITOFilm (Transparent Conductive Film), silver paste, flexible circuit board (FPC), and yellow photochemicals; resistive touch panels are designed for product Different, but may choose to use ITO glass or ITO conductive film, with a resistive F/G estimate, the proportion of transparent conductive material in the material cost will be as high as 80%. Xu Guocheng said that due to the established relationship in the touch panel market, the key materials in the upstream will be gradually enlarged. At present, Taiwan has the ability to mass-produce touch panel ITO conductive film manufacturers, which has reached as many as nine, and local supply has soared. However, most of them are still dominated by the Chinese mainland market. The adoption of first-line touch panel makers is still low. Xu Guocheng also mentioned that compared with the current two kinds of touch technology, multi-point resistive and penetrating capacitive, the two applications have gradually become polarized due to different characteristics. Due to its advantages in optics, lifespan, and other advantages, the penetrating capacitor type has achieved most of its advantages in high-end mobile phones and NB markets. As for the multi-point resistance type, due to its cost, size, handwriting input and other advantages, it gradually stabilizes the low-end product market and expands its market share. As for the comparison of ITO conductive film and ITO glass, Xu Guocheng believes that ITO conductive film can be applied to both resistive and capacitive touch technologies at the same time. Compared with ITO glass, it can only be used for capacitive type, and its elasticity is wider. In addition, ITO conductive films are significantly superior to ITO glass in terms of cost, appearance, weight, and safety performance. Xu Guocheng said that the main growth drivers of ITO conductive films, in addition to the continuous use of small and medium size resistive touch panels, the resistive products used in AIO, NB will be another source of growth. The growth of ITO glass is affected by the replacement of the ITO conductive film, and the growth rate will gradually slow down.
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