Printed Electronics Market Research Report - Forecast 2027

Printed Electronics Market Research Report, By Component (Product; Visibility, Analytics, and Management Software; and Services), Industry Vertical (BFSI, government and defense, healthcare, retail, manufacturing) — Forecast till 2027

ID: MRFR/SEM/5588-HCR | February 2021 | Region: Global | 100 pages

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Market Overview


The Printed Electronics Market are projected to grow at a rate of 13% by the end of the forecast period. The Printed Electronics Market will reach up to USD 11.50 Billion by the end of the forecast period 2021-2027. The various features such as lightweight, and adaptability are majorly driving the market at a significant market. The growing investments by the key players and technological advancements will fuel the market growth.


All these features of the printed electronics are increasing rapidly in the past few years. It is projected that North America will dominate the Global Printed Electronics Market. The main reason for the rapid development is the presence of several key players in countries such as the US and Canada. However, Asia-Pacific will also grow at a significant rate by the end of the forecast period. Hence, the report provides a detailed analysis of drivers, opportunities, growth, key players, etc.


COVID-19 Analysis


The COVID-19 disease had a severe effect on the Printed Electronics Market. The companies such as LG, Samsung, etc. faced huge financial losses due to the halt in the production of the components. Along with that, the low availability of labour and other components due to travel restrictions also reduced orders for manufacturing.


Market Dynamics


Market Drivers


The rising use of Printed Electronics for the development of connected and smart devices is the major driver for the market. The adoption of wearable devices, intelligent clothing, smart packaging solutions, and medical wearables is playing a major role in the increasing market growth. Furthermore, the rapid technological advancements and demand for low-cost components will propel the market growth extensively.


Restraints


There is low knowledge regarding the development of inks, substrates to enhance the performance of printed electronics. Due to this reason, the market growth can slow down in the upcoming years. However, the Printed Electronics Market Forecast suggests that the market will have a gradual growth.


Opportunities


The wide range of uses of Printed electronics such as purchaser electronic gadgets, medical care, sensor areas, and auto will amplify the market growth. The process of 3D manufacturing will offer new opportunities to produce electronic devices and components. Hence, the Printed Electronics Market Opportunity will rise in the future.


Challenges


The low awareness about new technologies and applications is the major hindrance to market growth. The printed electronics enhance the workflow and speed in the manufacturing of electronics devices. But due to less knowledge about the printed electronics, it will be challenging to achieve the required growth.


Cumulative Analysis


The Compound Annual Growth Rate (CAGR) of Printed Electronics Market is estimated to reach 13% by the end of the forecast period. The Printed Electronics Market will reach up to USD 11.50 Billion by the end of the forecast period 2021-2027. Various drivers and the development by the market players will enhance the market growth significantly.


Value Chain Analysis


With the growing demand for printed electronics for various purposes, the market will have immense growth. The rise in the use of smart devices and will simultaneously enhance the value chain of the market in the upcoming years. The Printed Electronics market PDF signifies that the market will gain various investments and government support as well.


Market Segmentations


The market segments of the printed electronics market Size is divided into printing technology, materials, application. On the basis of material, the market is divided into Inks and Substrates.


On the basis segments, the market is divided into dielectrics, contact materials, silicon materials, presentation, semiconductors, and others.


On the basis of Application, the market is divided into biometrics, guard and military, medical care, auto, packaging and transportation, and buyer gadgets.


Regional Analysis


On the basis of regional, the Printed Electronics Market is divided into Latin America, North America, Asia-pacific, Europe, and the Rest of the World. North America is projected to have the largest printed electronics market Share. According to the MRFR reports, the market is estimated to be dominated by North America. The presence of several market players is the major reason for the significant market share.


Asia-Pacific region will hold the highest growth in the upcoming years as per the Printed Electronics Market Forecast. Developing countries such as India and China will provide immense opportunities for the key players will grow at a significant rate. Along with that, Europe will also grow at a gradual rate in the upcoming years. Hence, the market will propel in the forthcoming years.


Competitive Landscape


The companies in the market are using different market strategies such as product launches, acquisitions, partnerships, acquisitions, mergers, etc. These key players have a major role in enhancing Printed Electronics Market Growth. The Printed Electronics Market Players are listed below.-



  • Palo Alto Research Center Incorporated (PARC) (US)

  • Samsung Electronics Co. Ltd. (South Korea)

  • Agfa- Gevart Group (Belgium)

  • LG Electronics Inc. (South Korea)

  • Molex LLC (US)

  • Fujifilm Enterprise (US)

  • Hewlett Packard (US)

  • ALTANA AG (Germany)

  • DuPont (US)

  • Merck Kgaa (Germany)

  • Cymbet Enterprise (US)

  • Sun-Powered Boondocks (Germany)


Recent Developments



  • LG in 2019, introduced the first OLED TC with rollable features at the Society of Information Display. His feature provides a unique display of the TV.

  • Agfa- Gevart Group in the year 2018 announced that it selected PETix film solution as its core material by a government firm of Ecuador called Instituto Geografico Militar (IGM). This program will help the company to provide durable, robust, and secured construction of films.

  • Samsung in the year 2019 announced the launch of a new product called “Galaxy Fold.” It has foldable display features for tablets and smartphones.

  • Agfa- Gevart Group in 2019 announced its partnership with a company called TDL (Germany) for the development of an inkjet printing solution called Alussa. This feature will help to design high-quality leathers that are used in various sectors such as aviation, upholstery, automotive, fashion, nautical industries, and others.


Report Overview


The report overview of the printed electronics market is listed below-



  • Market Overview

  • COVID-19 Analysis

  • Dynamics of the Market

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Analysis

  • Recent Development


The report score highlights the different developments and the potential in the upcoming years. It also highlights the drivers, market value, opportunities, etc. The report also covers the key players and their recent developments. Hence, the information provided in this report is gathered from secondary and primary sources.


Segmentation


By Segments


  • Dielectrics

  • Contact materials,

  • Silicon materials

  • Presentation

  • Semiconductors

  • Others


By Printing Technology


  • Substrates

  • Inks


By Application


  • Biometrics

  • Guard and Military

  • Medical care

  • Auto

  • Packaging and Transportation

  • Buyer gadgets


By Region


  • North America

  • Latin America

  • Europe

  • Asia-Pacific

  • Rest of the World



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 11.50 Billion
  CAGR   13%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  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

  • Developments in IoT.
  • Need for efficient and cost-effective development of electronic products.


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    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.