Printed Electronics Market to Grow at a high CAGR until 2028
Growing application in
healthcare industry and proliferation of smart devices are expected to drive
the Global Printed Electronics Market during the forecast period of 2024-2028.
According to TechSci Research report, “Printed Electronics
Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast. 2018–2028, the Global Printed
Electronics Market is anticipated to register a robust growth during the
forecast period, 2024-2028” due to the factors such as marketing of printed
goods across a range of sectors, including media, consumer electronics,
healthcare, and transportation. The market is expanding favorably as smart
displays and touch technology become more widely available. Some of the main
areas for printed electronics applications include medical sensors and
diagnostic tools. One of the factors driving the market is the expanding use of
printed batteries in various medical devices. Another significant current
development in the printed electronics market is the adoption of printed
batteries since they are flexible, elastic, and rechargeable. Over the course
of the forecast period, printing technologies are anticipated to be used more
and more in memory, mobile chips, printed circuit boards, and logic energy
storage devices.
Moreover, the complexity
of printed electronics production processes is limiting the growth of the Global
Printed Electronics Market. The difficult procedures utilized to manufacture
printed electronics devices involve fast processing speeds, controlling
homogeneity, managing curing temperature, and others. In addition to this,
there are still certain issues with substrate qualities as smoothness,
porosity, ink uptake, chemical, and physical compatibility. Therefore, the
expansion of the Global Printed Electronics Market is being constrained by all
these production difficulties.
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Furthermore, during the spread of the COVID-19 pandemic, governments all over
the world imposed stringent lockdown in their countries which caused a
temporary shutdown of various companies as well as manufacturing units, which
posed a challenge of low production of goods and services. Moreover, the
worldwide disruption supply chain also negatively impact the printed
electronics demand.
Some of the recent
developments in Global Printed Electronics Market are:
The University of Texas at Dallas and Novacentrix,
a startup that specializes in next-generation printed electronics, will start
working together to produce solar panels in September 2021. The University of
Texas researchers demonstrated a technique called photonic curing that can be
used to create thin sheets for flexible electronics.
Global
Printed Electronics Market is segmented into by printing
processes, material, device, and by end user.
Based on printing processes, screen
printing is the dominating segment in the Global Printed Electronics Market due
to the durable outputs and high quality associated with the screen-printing
technology.. In addition, screen printing is compatible with an extensive range
of material viscosities as compared with inkjet printing technologies. This
advantage, among others, has further led to the rising preference for screen
printing.
Based on material, the ink
segment is likely to dominate the Global Printed Electronics Market owing to
the upsurge in the application of printed electronics across different
industries which has enabled the significant adoption of inks. In addition, the
key market players are introducing innovative inks for printed electronics
devices, fueling the growth of the segment.
Based on regional analysis, Asia
Pacific is a global leader in the Global Printed Electronics Market due to the
expansion of printed electronics technology in consumer electronics
applications. The market's expansion may also be attributed to increased
spending on printed electronics-related R&D projects and the mass
manufacture of electronic components in the Asia Pacific region.
Major
market players operating in the Global Printed Electronics Market are:
- Samsung Electronics Co., Ltd.
- BASF SE
- Nova Centrix
- E. I. du Pont de Nemours and Company
- LG Display Co., Ltd.
- Molex, LLC
- Agfa-Gevaert Group
- Palo Alto Research Center Incorporated
- Nissha Co., Ltd.
- E Ink Holdings, Inc.
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“Almost all industrial printing technologies are used in the preparation of
printed electronics. Emerging interest and inevitable move towards 5G
technology created new material opportunities in the electronics sector for the
printed electronics market. Moreover, the demand for the latest consumer
electronics devices has been trending for past years and is expected to grow
substantially in the upcoming years. In addition, the growth of global
economies has fueled for consumer electronics due to the rising residential
sector, government initiatives and rapid change in technologies. Hence, the
growth of Global Printed Electronics Market is expected to augment during the
forecast period.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Printed
Electronics Market- Global Industry Size, Share, Trends, Opportunities, and
Forecast 2018-2028. Segmented By Printing Processes (Screen Printing,
Flexography and Inkjet Printing), By Material (Inks and Substrates), By Device
(Displays, Electronic Circuits, Sensors, Photovoltaic, RFID and Others), By End
User (Automobile, Transportation, Consumer Electronics, Healthcare, Aerospace
& Defense and Others), By Region, Competition”, has evaluated the future growth
potential of Global Printed Electronics Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in Global Printed Electronics Market.
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