The global printed electronics market is bifurcated by technology, application, and materials. The segmentations by technology include flexography, ink-jet printing, gravure printing, and screen printing. The application segment is further sub-segmented into automotive, retail & packaging, electronics, display, and others.
Global Printed Electronics Market Report, published by Variant Market Research, forecast that the global market is expected to reach $19 billion by 2024 from $4 billion in 2016. The report will include detailed analysis of global printed electronics market with respect to major segments such as technology, application, materials, and geography.
Printed electronics is a type of printing method which is generally used to produce electrical devices on various substrates. It is thin, flexible, and bendable, and used in electronic devices, wearable devices, and automotive industry, among others.
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Increasing demand for flexible and bendable electronics will drive the global printed electronics market
The major factors driving the market are eco-friendly technology, low manufacturing cost, and wide range of substrates. Furthermore, growing demand for flexible and bendable electronics have also driven the growth of global printed electronics market.
However, increased competition from non-printed electronic products and lack of consumer knowledge about printed electronics may hinder the growth of the market. Additionally, rising R&D and innovative product developments would provide several growth opportunities for the market in the upcoming years.
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The global printed electronics market is divided into technology, application, and materials. The technology segment is categorized into flexography, gravure printing, ink-jet printing, and screen printing.
By material, the segmentations are inks and substrates. The application segment is segregated into automotive, electronics, retail & packaging, display, and others.
By geography the market is segmented into North America, Europe, Asia-Pacific, and (RoW).
Inkjet printing is expected to grow at the fastest CAGR in the technology segment
Inkjet printing is expected to grow at the fastest CAGR from 2016 – 2024. The growth would be driven by its multiple features such as, compact, light, high resolution, and low cost, among others.
Moreover, high speed and best quality printing has also supplemented its growth across various geographies.
Display devices dominated the application segment in 2016
In 2016, display devices accounted for the largest market share, owing to increase in demand for smartphones & tablets globally. Growing adoption of OLED displays in television, mobile phones, and tablets, among others are also boosting the growth of the market.
Asia-Pacific region witnessed fastest CAGR during the forecast period
Asia-Pacific region witnessed fastest CAGR during the forecast period 2016 – 2024. Increased penetration and huge production of printed electronics in developing countries such as, China, Japan, India, and others make this region favourable for growth.
Moreover, technological advancement in automotive and electronics industry also supports the market growth.
Companies such as, PARC Inc. have used technological innovations and partnership as a business strategy to gain competition in the market. for instance, PARC Inc has announced a partnership with ThinFilm Electronics ASA to deliver advanced memory technology aided by printed electronics.
Therefore, printed electronics aids to minimize process steps, and decline production cost. The major key players operating in the market are T-ink, Inc., BASF SE, E.I.
DuPont de Nemours & Co., Molex, Inc., E Ink Holdings Inc., YD Ynvisible, S.A., ThinFilm Electronics ASA, PARC, Inc., NovaCentrix, GSI Technologies, LLC and among others.
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Scope of Printed Electronics Market
- Ink-jet printing
- Gravure printing
- Screen printing
- Retail & packaging
- North America
- United Kingdom
- South Korea
- South America
- Middle East
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