A superaligned carbon nanotube (CNT) array is a special kind of vertically aligned CNT array with the capability of being converted into continuous films and yarns. The as-produced CNT films are transparent and highly conductive, with aligned CNTs parallel to the direction of drawing. After passing through volatile solutions or being twisted, CNT films can be further condensed into shrunk yarns. These shrunk yarns possess high tensile strengths and Young's moduli, and are good conductors. Many applications of CNT films and shrunk yarns have been demonstrated, such as TEM grids, loudspeakers, touch screens, etc.