The global printed electronics market is expected to have an 18.4% CAGR during the forecast period. They are highly adopted in solar cells to produce solar power, OLED screen displays, biometric sensors, and LEDs. The rising demand for energy-efficient, thin, and flexible consumer electronics, and portable healthcare wearables along with rising demand for printed electronics products in the automotive and transportation industry will bolster the growth of the printed electronics market. Moreover, the increasing demand for next-generation flexible printed electronics, rising demand for miniaturized devices, technological development in electronics devices, and substantial cost advantage offered by printed electronics will propel the growth of the market.

In 2021 September, SAMSUNG has unveiled its latest monitor, the 24-inch Webcam Monitor S4 (Model Name: S40VA), which is designed to suit the requirement of hybrid workers. The monitor contains a built-in webcam, speakers, and microphones, allowing users to easily connect and interact.

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The COVID-19 pandemic has increased the adoption of printed electronics in the healthcare sector as smart patches are used to track patients’ blood glucose levels, ECG, heart rates, etc., as a result, patient patients can check their health status at home. This has resulted in the growth of the printed electronics market.

Screen printing technology accounts for the largest share in the printed electronics market during the forecast period as screen printing is one of the world's oldest and most versatile printing methods. Printed sensors and batteries, as well as posters, labels, signboards, textiles, and electronic circuit boards, are all printed using this method. Screen printing is used to print electrodes and electrical lines for LED panels, touch panels, and solar cells.

APAC will dominate the printed electronics market during 2021-2027 as China and Japan are manufacturing hub for electronics devices and components. Factors attributing to the growth in the region is the large-scale production of electronics components, digitalization, development of miniaturized electronic devices and products, increased prominence of developed consumer electronics, and rising R&D investment in countries like China, South Korea, Japan, and Australia.

Some of the major players in the global printed electronics market include Molex LLC, SAMSUNG, LG DISPLAY CO., LTD., Agfa-Gevaert Group, Palo Alto Research Center Incorporated., DuPont, Nissha Co., Ltd., BASF SE, NovaCentrix, and E Ink Holdings Inc.

Source: VynZ Research