Global Printed Electronics Market Size By Material, By Technology, By Device, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Printed Electronics Market Size By Material, By Technology, By Device, By Geographic Scope And Forecast
Printed Electronics Market Size and Forecast
Printed Electronics Market size is anticipated to be USD 12 billion in 2021, it is expected to reach USD 45 billion by the end of 2030 growing at a CAGR of 18% from 2023 to 2030.
The increasing adoption of Internet of Things (IoT) is creating new opportunities for the printed electronics market to expand its applications in various industries. Additionally, the growing demand for enhanced OLED displays and printed radio-frequency identification (RFID) devices is driving the increased utilization of printed electronics technology, as it is characterized by its high efficiency, low power consumption, and cost-effective production.
Printed Electronics Market Definition
Printed electronics refer to the use of printing techniques to manufacture electronic devices, circuits, and components. This technology involves the deposition of conductive, semiconductive, and dielectric inks or materials onto a variety of substrates, including paper, plastic, and fabric, to create functional electronic devices such as sensors, displays, and photovoltaic cells. The printed electronics market is driven by the increasing demand for lightweight, flexible, and low-cost electronic devices, as well as the growing need for energy-efficient solutions.
Printed electronics have applications in several industries, including healthcare, automotive, consumer electronics, and aerospace. The healthcare industry is a major adopter of printed electronics, using the technology to develop wearable devices for monitoring health conditions and medication adherence. In the automotive industry, printed electronics are used for developing advanced driver assistance systems and in-cabin electronic systems. Flexible displays and touchscreens are made with printed electronics in the consumer electronics sector. The printed electronics market is expected to grow significantly in the coming years as technology continues to improve and new applications are developed.
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Printed Electronics Market Overview
The COVID-19 pandemic has had a mixed impact on the printed electronics market. On one hand, the disruption in global supply chains and manufacturing operations has affected the production and distribution of printed electronics components and devices. On the other hand, the pandemic has also created new opportunities for the printed electronics market.
Get ready, because the printed electronics market is about to take off! What's so great about them? Well, they're more flexible, lighter, and cheaper than your regular electronics. Think bendy screens and super-light gadgets. The demand for this stuff is really coming from places like the consumer electronics and automotive industries – they want things that can bend and flex. But it's not just about demand; clever folks are making big improvements in printing and using cool new materials like those from nanotechnology. This means we're seeing better components and devices all the time. And that leads to even more growth as we find new ways to use them. One area where they're making a real difference is healthcare. Imagine wearable devices that track your health or remind you to take your meds! As our need for these kinds of healthcare applications grows, expect the printed electronics market to grow right along with it.
The printed electronics market faces several challenges and restraints that could impact its growth in the coming years. Printed electronics require high-performance materials, such as conductive inks and semiconductors, to function effectively. However, these materials are often expensive and can be difficult to source in large quantities, limiting their availability and hindering the growth of the printed electronics market. Printed electronics face competition from established technologies such as traditional silicon-based electronics and LCD displays. These technologies are well-established and have a proven track record, making it difficult for printed electronics to gain market share.
Smart packaging, which uses printed electronics to provide consumers with information about products, has emerged as a key growth area for the printed electronics market. As retailers and consumer goods companies look for ways to engage with consumers and differentiate their products, the demand for smart packaging is expected to grow. Printed electronics have applications in renewable energy, particularly in the development of printed solar cells and energy storage devices. As the demand for renewable energy solutions grows, the printed electronics market is expected to play a key role in the development of innovative solutions.
Printed Electronics MarketSegmentation Analysis
The printed electronics market is segmented by Material, Technology, Device, and Region.
Printed Electronics Market, By Material
• Ink• Substrate
The ink segment of the printed electronics market holds the largest share in the market, and it is also expected to grow more with a healthy CAGR. Ink is one of the most essential products that is used for printed electronic due to which the demand of high quality ink is rapidly increasing.
Printed Electronics Market, By Technology
• Inkjet• Gravure• Screen• Flexographic
The inkjet segment is growing more in the printed electronics market. This technology is widely used in the global printed electronics market.
Printed Electronics Market, By Device
• Display• Lighting• Photovoltaic• RFID
The display and photovoltaic devices hold the highest portion in the printed electronics market. Their dominance is anticipated to continue in the forecast period. Besides this, the RFID segment is also developing steadily in this market.
The automotive & Transportation holds the largest market potion of the printed electronics market. It can be analyzed that the growth of the consumer electronics segment is also increasing due to the adoption of IoT and notable cost advantages in this segment.
Printed Electronics Market, By Geography
• North America• Europe• Asia pacific• Latin America• Middle east• Africa
The adoption of the advanced technology has increased the demand of printed electronics market in the North American and Europe region. Moreover, it is also projected to continue growing in the forecast period followed by the other regions.
Key Players
The major players in the printed electronics market include Samsung Electronics, LG Electronics, Thin Film Electronics ASA, E Ink Holdings, DuPont Electronics & Imaging, Molex, T+Ink, Palo Alto Research Center Incorporated (PARC), Xerox Corporation, and Agfa-Gevaert Group.
Key Developments
In July 2021, DuPont Electronics & Industrial launched its new line of electronic inks for wearable electronics, medical devices, and smart packaging. The inks are designed to provide excellent adhesion to a variety of substrates and can be used in printing processes such as screen, flexography, gravure, and inkjet.
In February 2021, Thin Film Electronics ASA announced a partnership with Xerox to develop and commercialize printed memory labels and tags for the supply chain market. The collaboration leverages Xerox’s expertise in printing and Thin Film Electronics’ leadership in printed electronics to deliver cost-effective, high-volume, and high-quality printed memory products.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
Samsung Electronics, LG Electronics, Thin Film Electronics ASA, E Ink Holdings, DuPont Electronics & Imaging, Molex, T+Ink, Palo Alto Research Center Incorporated (PARC), Xerox Corporation, and Agfa-Gevaert Group.
SEGMENTS COVERED
By Material, By Technology, By Device, By Geography.
CUSTOMIZATION SCOPE
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