Printed Electronics Market Overview:
The Global Printed Electronics Worldwide Market is anticipated to garner a market value of USD 11.50 billion by the end of 2023. The Global Printed Electronics Industry is likely to garner a 13% CAGR during the forecast period of 2018-2023
Printed electronics is an umbrella term for printing methods used to create electronic devices by the printing of a variety of substrates. Basically, printed electronics relates to the printing in which one or more inks made of carbon-based compounds are used for the manufacturing of organic or plastic electronics. Printed electronics are used to form flexible keyboards, antennas, electronic skin patches, and more.
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Over the last couple of years, printed electronics technology has evolved dramatically. Today, inkjet printers are capable of printing electrical circuits at a much faster and affordable rate. Printed electronics is one of the fastest growing technologies and is becoming indispensable across the industries, including healthcare, aerospace, media, and transport.
With the augmenting demand for wearable devices and thinner electronics, the printed electronics market has been expanding continually. Developments in IoT and the demand for cost-competitive electronic products are impacting the market growth positively. Moreover, the wide adoption of printed electronics technology and solutions globally escalates the market on the global platform.
Acknowledging the colossal increase, the market is witnessing, Market Research Future (MRFR), in its recently published study report, asserts that the printed electronics market is poised to evaluate at USD 11.50 billion by 2023, at a CAGR of 13% throughout the assessment period (2018–2023).
The automotive industry, due to its vast absorption of sensors, lighting panels, and displays accounts for a significant market for printed electronics. The emergence of autonomous vehicles would offer huge opportunities to the printed electronics vendors to generate revenue from the automotive industry vertical.
On the other hand, lacks expertise and budget constraints to upgrade existing systems are some of the major factors expected to impede the development of the market in the upcoming years. Nevertheless, expected advances in technology would not only bring the required expertise in the market but also reduce the cost of printed electronics.
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.
Global Printed Electronics Market – Segmentation
For a better understanding, the report has been segmented into five key dynamics:
By Component : Product; Visibility, Analytics, and Management Software & Services.
By Printing Technology : Inkjet Printing, Screen Printing, Flexographic Printing, and Gravure Printing, among others.
By Application : Displays, RFID Tags, Batteries, Photovoltaics, Sensors, and Lighting Solutions, among other devices.
By Industry Vertical : BFSI, Healthcare, Manufacturing, Consumer Electronics, Automotive, Aerospace & Defense, and Retail & Consumer Goods, among others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Industry/ Innovation/ Related News
June 11, 2019 — Brewer Science, Inc. (the US), leading global manufacturer materials and equipment used in the fabrication of microdevices announced the expansion of its printed electronics service capabilities for the emerging market. BSI provides printing services using an optoelectronic high precision four-post screen printer with CCD optical alignment system. The company will soon host a free sensors expo workshop on ‘next generation sensing & printed sensors’ with other industry leaders.
The new printed electronics program will help to incorporate BSI’s service capabilities categorized into three major core competencies: printing, electronics, and software. The new offerings will enable customers to take full advantage of BSI’s core competencies and expertise in printed electronics sensor systems for a variety of applications.
Global Printed Electronics Market – Regional Analysis
North America would retain its dominance over the global printed electronics market throughout the forecast period. The region is a hub for the development and adoption of innovative semiconductors technologies. The presence of a well-established infrastructure supports market progress, allowing implementations 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. The US and Canada account for major contributors to the growth of the regional market. Furthermore, the presence of major electronics manufacturers, increasing demand for digital technologies, and growing technological advancements are some of the factors attributing to the market increase of the market.
The printed electronics market in the European region accounts for the second-largest market for, globally. The market in this region is expected to grow at a considerable CAGR throughout the review period, perceiving a huge uptake of printed electronics across the region. The burgeoning electronics industry, especially in the UK and Germany, is contributing to the market growth in the region majorly.
The Asia Pacific printed electronics market is emerging as a lucrative market globally. Availability of potent technologies at a much affordable cost and presence of many electronic devices manufacturing companies in the region drive the regional market. 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 market is further expected to generate a substantial revenue pocket through 2018-2023.
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Global Printed Electronics Market – Competitive Analysis
Highly competitive, the printed electronics market appears to be fragmented due to the presence of numerous well-established players. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for the leading players. Such strategic moves support the growth and expansion plans of the key players.
These players are committed to delivering reliable, leading-edge products and services. They invest heavily in R&D to develop adept technologies and products, offering unrivaled features. These companies follow organic as well as inorganic growth approaches, engaging in product development.
The market competition is likely to further intensify due to new product launches and the new entrants in the market. These companies are strongly focused on enhancing their product portfolios with latest technologies.
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