Printed Electronics Market

Growing IoT technology to Drive the market growth

Market CAGR will rise due to the breadth of printed electronics applications expanding across the industry due to the growing IoT market share. Additionally, the increased demand for printed RFID devices and sophisticated OLED displays fosters the technology's adoption due to its low production costs, high efficiency, and low power consumption.

The topic of printed electronics has attracted a lot of research attention, intending to constantly improve on what is already possible and find new uses for it in various industries. Over the past few decades, increased R&D expenditures by numerous groups, organizations, and businesses have produced several benchmarking advances and improvements. Consumer electronics makers, such as IoT devices, smartphones, display devices, and other communication devices, are a large portion of the end-product manufacturers. Depending on the need, manufacturers incorporate technology into various items and provide it to distributors or merchants for commercial purposes.

The major competitors in the market are concentrating on distribution alliances or mergers and acquisitions to get a foothold in the developing regional markets, such as Asia Pacific. For instance, CymMetrik, a Chinese business, and Thin Film Electronics ASA (U.S.) have inked a distribution deal. The collaboration intends to increase sales, especially in China, Taiwan, India, and other Asia Pacific countries. Due to the growing manufacture of consumer electronics on this continent, printed electronics technology is in great demand.

The reasons driving the growth of the printed electronics market in the healthcare sector are the cheap cost of production, advancements in digital print technology, an increase in financing activities, and the healthcare sector's preference for innovative technologies.

Flexography, inkjet, gravure, and screen printing are commonly used printing processes for printed electronics, which offer photonic and printed electronics on various substrates. These methods print on materials, including paper, fabric, and polymers. This printing technique is frequently employed on wearable technology, sensors, and flexible screens.

A significant element anticipated to propel the printed electronics industry throughout the forecast period is the increase in demand for the design of mobile devices and large-screen displays in both developed and emerging nations. Rising investment in developing advanced printing materials has also stimulated the market. Some of the key players develop products that help the market grow. For instance, in February 2020, SEMI-FlexTech announced the launch of six new projects to accelerate the development of sensors and sensor systems for new uses in the healthcare, automotive, industrial, and defense sectors. Thus, driving the Printed Electronics market revenue.

The Global Printed Electronics Market Industry is poised for remarkable growth, with projections indicating a market size of 63.9 USD Billion in 2024 and an anticipated increase to 338.0 USD Billion by 2035. This trajectory suggests a robust compound annual growth rate (CAGR) of 16.34% from 2025 to 2035. Such growth is indicative of the expanding applications of printed electronics across various sectors, including automotive, healthcare, and consumer electronics. The increasing adoption of smart technologies and the demand for innovative solutions are likely to drive this growth, reflecting the industry's dynamic nature and its potential to reshape the future of electronics.

Technological advancements in printing methods significantly propel the Global Printed Electronics Market Industry forward. Innovations such as inkjet and screen printing enable the production of intricate electronic components with high precision and efficiency. These advancements not only reduce manufacturing costs but also enhance the scalability of production processes. For example, the ability to print conductive inks on various substrates opens new avenues for applications in smart packaging and wearable technology. As these technologies evolve, they are likely to attract investment and foster collaboration among industry players, further stimulating market growth and contributing to the projected CAGR of 16.34% from 2025 to 2035.

The Global Printed Electronics Market Industry experiences a notable surge in demand for flexible electronics, driven by their lightweight and adaptable nature. Industries such as consumer electronics, automotive, and healthcare increasingly adopt flexible displays and sensors, enhancing product functionality and user experience. For instance, flexible OLED displays are becoming commonplace in smartphones and wearables, illustrating this trend. The market is projected to reach 63.9 USD Billion in 2024, with expectations of substantial growth as manufacturers innovate and expand their product lines. This demand reflects a broader shift towards more versatile electronic solutions, indicating a transformative phase for the industry.

The integration of Internet of Things (IoT) technologies significantly enhances the Global Printed Electronics Market Industry. As IoT devices proliferate, the need for printed sensors and smart labels increases, facilitating real-time data collection and communication. These printed components are essential in various applications, including smart homes, healthcare monitoring, and industrial automation. The ability to produce low-cost, high-performance printed electronics supports the widespread adoption of IoT solutions. This trend is expected to contribute to the market's growth trajectory, with projections indicating a market size of 338.0 USD Billion by 2035, reflecting the critical role of printed electronics in the evolving digital landscape.

The Global Printed Electronics Market Industry is increasingly influenced by the demand for sustainable and eco-friendly solutions. As environmental concerns rise, manufacturers are exploring biodegradable materials and energy-efficient production processes. This shift aligns with global initiatives aimed at reducing electronic waste and carbon footprints. For instance, companies are developing organic photovoltaic cells that not only provide renewable energy but also minimize environmental impact. The growing emphasis on sustainability is likely to attract consumers and businesses alike, potentially driving market expansion and innovation in eco-conscious printed electronics, thereby enhancing the industry's overall appeal.

Investment in research and development plays a crucial role in advancing the Global Printed Electronics Market Industry. As companies seek to innovate and improve product offerings, increased funding for R&D initiatives fosters the development of new materials and applications. This investment not only enhances the performance of printed electronics but also encourages collaboration between academia and industry. For example, partnerships between universities and tech firms are yielding breakthroughs in printable electronics, paving the way for next-generation applications. Such collaborative efforts are likely to drive market growth and ensure that the industry remains at the forefront of technological advancements.

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific market area will dominate this market. The large market share concerns consumer electronics applications' growing use of printed electronics technology. The APAC region's market is expected to continue to hold the top spot while expanding at the quickest CAGR. This expansion can be ascribed to the area's fast-expanding electronics manufacturing industry.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: PRINTED ELECTRONICS MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Printed Electronics market accounts for the second-largest market share. Due to rising R&D expenditures and a growing number of industrial applications, including photovoltaic, lighting, and RFID devices, printed electronics technology is anticipated to take off in the European areas. Further, the German Printed Electronics market held the largest market share, and the UK Printed Electronics market was the fastest growing market in the European region

The Asia-Pacific Printed Electronics Market is expected to grow at the fastest CAGR from 2023 to 2032. Numerous residents of the area struggle with ailments linked to a certain way of life, including diabetes, obesity, and heart disease. Moreover, China’s Printed Electronics market held the largest market share, and the Indian Printed Electronics market was the fastest growing market in the Asia-Pacific region.

The application cases for printed electronics in the region's healthcare sector are developing due to the rising public and private investment in building the region's healthcare infrastructure. Additionally, the area quickly becomes the world's electronics industry's production center. Additionally, the fact that suppliers of printed electronics are expanding their investment to strengthen their presence in the area benefits the market under study.

Leading market players put much money into their research and development departments intending to extend their product line. The market leaders are concentrating on expanding their presence by progressing with market developments, new product releases, contract agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. These are important market trends. Due to the reasonable pricing of the market leaders in the worldwide Printed Electronics industry sector, a wider range of customers may access their goods.

Increased dependence on lowering operational costs to boost profit margins is one of the main business strategies manufacturers use in the worldwide Printed Electronics industry. Printed Electronics industry has developed several items recently that provide them a competitive edge over their forerunners. Major players in the Printed Electronics market include SAMSUNG, Agfa-Gevaert, BASF, Thin Film Electronics, E Ink Holdings, Novacentrix, and Molex.

A worldwide industrial corporation headquartered in Samsung Town in Seoul, South Korea, is known as Samsung Group or just Samsung. It is the largest South Korean chaebol and consists of multiple connected enterprises, mostly unified under the Samsung brand. (business conglomerate). Samsung will have the eighth-highest worldwide brand value in 2020. In 1938, Lee Byung-Chul established Samsung as a commercial business. The group expanded into food processing, textiles, insurance, securities, and retail industries over the following three decades.

Samsung joined the shipbuilding and construction sectors in the middle of the 1970s after first entering the electronics sector in the late 1960s. Samsung was divided into five corporate groups after Lee's passing in 1987: Samsung Group, Shinsegae Group, CJ Group, Hansol Group, and JoongAng Group.

The biggest chemical manufacturer in the world is a multinational chemical business based in Europe called BASF SE. In the German city of Ludwigshafen, it has its headquarters. The BASF Group has subsidiaries and joint ventures in more than 80 nations. It runs 390 additional manufacturing sites throughout Europe, Asia, Australia, the Americas, and Africa, in addition to six integrated production facilities. More than 190 nations have placed orders with BASF, serving various sectors. 

Despite its size and widespread presence, BASF hasn't drawn much attention from the general public since it stopped producing and marketing consumer electronics items under the BASF name in the 1990s. Over 54,000 of the company's 117,628 employees were based in Germany as of the end of 2019. BASF reported €59.3 billion in revenue and €4.5 billion in operating profits before exceptional items in 2019. The corporation spent €5.6 billion in Asia between 1990 and 2005, concentrating on properties close to Nanjing and Shanghai in China and Mangalore in India.