ID: MRFR/SEM/5588-HCR | February 2021 | Region: Global | 100 pages
The printed electronics market is expected to grow from USD 6.24 billion in 2018 to USD 11.50 billion by 2027, at a CAGR of 13% during the forecast period, 2021–2027. Developments in IoT and need for efficient and cost-effective development of electronic products are some of the major driving factors for the wide adoption of printed electronics market and solutions. However, lack of expertise and budget constraints to upgrade existing systems act as a major restraining factor for the growth of the printed electronics market in the upcoming years.
Printed electronics involves a set of printing methods and technologies to produce electronic devices using various substrates. Various active or passive devices are created using printed electronics, such as resistors, capacitors, and thin film transistors. It is also widely used and expected to gain huge traction in various application areas including flexible displays, smart labels, active clothing, and animated posters. Printed electronics market has a wide adoption in the industry verticals of consumer electronics, healthcare, automotive, aerospace and defense, retail and consumer goods, and various others. Automotive industry is the largest contributor in the market with use cases, such as sensors, lighting panels, and displays. The move towards autonomous driving vehicles offers huge opportunity to the market vendors to generate revenue from the automotive industry vertical.
Printed Electronics Market
Source: MRFR Analysis
The printed electronics market is segmented into printing technology, application, industry vertical.
The global market for printed electronics market is estimated to grow at a significant rate during the forecast period from 2021 to 2027. The geographical analysis of market is studied for North America, Europe, Asia-Pacific, and rest of the world.
North America is expected to dominate the market during the forecast period. North America region is considered as most advanced region in terms of development and adoption of innovative technologies in the field of semiconductors. The region has a huge potential for revenue generation in the printed electronics market, particularly from automotive and consumer electronics industry verticals. US is expected to be the dominating country in the market in North America region during the forecast period.
Asia-Pacific is expected to grow at the fastest rate during the forecast period. Availability of low cost technologies and presence of many electronic devices manufacturing firms in the region are some of the driving factors for the printed electronics market in the region. China, Japan, and India have been the leading countries in the APAC region in terms of market share and this trend is expected to continue in the upcoming years.
These companies in the printed electronics follow organic as well as inorganic growth approaches, under which, they engage in product development, strategic partnerships, and mergers and acquisitions to offer innovative solutions. The competition in the global printed electronics market is likely to further intensify due to quick technological advancements. These companies are stronlgy focusing on enhancing their product portfolios with latest technologies to deliver advanced products across industries.
The prominent players in printed electronics market are SAMSUNG (South Korea), Agfa-Gevaert (Belgium), BASF (Germany), Thin Film Electronics (Norway), E Ink Holdings (Taiwan), Novacentrix (US), Molex (US), FM Systems (US), Xerox (Palo Alto Research Center) (US), Brightvolt (US), and Intrinsiq Materials (US).
|Market Size||USD 11.50 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Component, Industry Vertical|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||SAMSUNG (South Korea), Agfa-Gevaert (Belgium), BASF (Germany), Thin Film Electronics (Norway), E Ink Holdings (Taiwan), Novacentrix (US), Molex (US), FM Systems (US), Xerox (Palo Alto Research Center) (US), Brightvolt (US), and Intrinsiq Materials (US)|
|Key Market Opportunities||The growing popularity of IoT has given way to a host of lucrative opportunities, boosting the printed electronics application scope across industries.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Printd electronics market gained valuation of USD 6.24 billion in 2018.
2020–227 is the estimated growth period for the printed electronics market.
The deelopments in IoT and need for efficient and cost-effective development of electronic products are the major driving factors for the proliferation of market globally.
The facto of lack of expertise and budget constraints for upgrading existing systems are becoming major restraint for the growth of the printed electronics market.
As per te study, Asia-Pacific region will be growing at the fastest rate during the estimated period.