Printed Electronics Market Trends, Application, Growth Rate, and...

Printed Electronics Market Trends, Application, Growth Rate, and Future Forecast till 2030

Posted 2022-12-03 07:21:51

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The global printed electronics market is growing at a rapid pace, mainly due to the augmenting demand for wearable devices and thinner electronics. Over the last couple of years, printed electronics technology has evolved dramatically, becoming indispensable across industries, including healthcare, aerospace, media, and transport.

Besides, the growing uptake of inkjet printers capable of printing electrical circuits at a much faster and affordable rate drives the market growth. Developments in IoT and the demand for cost-competitive electronic products impact the market growth positively. Moreover, the wide adoption of printed electronics technology and solutions worldwide escalates the market valuation.

Therefore, the printed electronics industry is projected to witness a colossal increase in the years to come, expanding continually. In this regard, Market Research Future (MRFR) asserts that the global printed electronics market is poised to evaluate exponentially by 2027, growing at an impressive CAGR throughout the assessment period (2020–2027).

Due to the vast adoption of this technology, the printed electronics market outlook appears extremely promising. With its vast absorption of sensors, lighting panels, and displays, the automotive industry accounts for the largest end-user industry, states MRFR in its latest printed electronics market report. Additionally, the emergence of autonomous vehicles offers huge growth opportunities.

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Printed Electronics Market – Segments

The market is segmented into components, printing technology, application, industry vertical, and regions. The component segment is sub-segmented into product; visibility, analytics, management software & services, and others.

The printing technology segment is sub-segmented into inkjet printing, screen printing, flexographic printing, gravure printing, and others. The application segment is sub-segmented into displays, RFID tags, batteries, photovoltaics, sensors, lighting solutions, and other devices.

The industry vertical segment is sub-segmented into BFSI, healthcare, manufacturing, consumer electronics, automotive, aerospace & defense, retail & consumer goods, and others. By regions, the market is sub-segmented into Americas, Asia Pacific, Europe, and rest-of-the-world.

Global Printed Electronics Market – Competitive Analysis

Highly competitive, the printed electronics market appears fragmented due to the presence of many well-established players. Mergers & acquisitions, collaboration, and innovations, remain the key trends for the leading players. Such strategic approaches support the growth and expansion plans of these key players.

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Market Players

Players leading the printed electronics market include Agfa-Gevaert (Belgium), SAMSUNG (South Korea), BASF (Germany), E Ink Holdings (Taiwan), Thin Film Electronics (Norway), Novacentrix (US), FM Systems (US), Molex (US), Xerox (Palo Alto Research Center) (US), Intrinsiq Materials (US), and Brightvolt (US), among others.

Industry/ Innovation/ Related News

April 14, 2021 --- TactoTek Oy (Finland), a leading developer and licensor of Injection Molded Structural Electronics (IMSE) technology, and Kyocera Corporation (Japan), a multinational ceramics & electronics manufacturer, announced that Kyocera has licensed TactoTek IMSE technology. Kyocera would design, develop, and produce IMSE parts in Japan.

IMSE parts integrate printed electronics and electronic components within 3D injection molded plastics, combining structure, electronic functions, and cosmetics in a single piece, seamless smart surfaces.

Global Printed Electronics Market – Regional Analysis

North America dominates the global printed electronics market, with the presence of well-established market players. The region is a hub for advanced technologies and witnesses vast development and adoption of innovative semiconductor technologies.

Besides, the presence of a well-established infrastructure in the region allows the implementation of advanced technologies. The North American printed electronics market demonstrates a huge potential for revenue generation, particularly from the automotive and consumer electronics industry verticals.

Europe stands second in the global printed electronics market, perceiving a huge uptake of printed electronics across the region. The burgeoning electronics industry, especially in the UK and Germany, contributes to the market growth in the region majorly. Additional factors bolstering the printed electronics market growth in the region include the presence of major electronics manufacturers, increasing demand for digital technologies, and growing technological advancements.

The Asia Pacific printed electronics market is emerging as a lucrative market globally. The market growth is driven by the availability of potent technologies at a much affordable cost and the presence of many electronic device manufacturing companies in the region.

China, Japan, and India have been leading the APAC printed electronics market in terms of market share, and this trend would continue in the upcoming years. The APAC printed electronics market is expected to generate a substantial revenue pocket during the assessment period.

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1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research