Market Research Future (MRFR) evaluates the latest trends and revenue growth of the global printed electronics market 2020 in its latest report. The report reveals that the market grow from USD 6.24 billion in 2018 to a valuation of USD 11.50 billion by 2023. The market progression can occur at a rate of 13.0% during the forecast period, which is between 2018 and 2023.
The printed electronics market is anticipated to expand at 13.0% CAGR over the assessment period 2018–2013. Growth in IoT and the requirement for cost-effective and efficient development of electronic products are some of the key driving forces for the large-scale adoption of printed electronics solutions and technology on a global basis. However, the budget constraints to improve existing systems and lack of expertise act as major limiting factors for the development of the printed electronics market in the future years. Printed electronics deal with a gamut of printing technologies and methods to create electronic equipment using different substrates. Several passive or active devices are developed with the application of printed electronics, such as capacitors, thin film transistors, and resistors.
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It is also broadly employed in diverse application areas including smart labels, flexible displays, animated posters, and active clothing. Additionally, the printed electronics market is explored by several potential players globally. These enterprises in the printed electronics follow inorganic as well as organic growth approaches, which enables them to engage in strategic partnerships and product innovations. This consequently drives the demand for printed electronics product. Printed electronics are also widely adopted in the industry verticals of healthcare, consumer electronics, retail and consumer goods, aerospace and defense, automotive, and various others. Amongst these, the automotive industry contributes largely towards the prosperity of printed electronics market with applications in lighting panels, displays, and sensors. The shift towards self-directed driving vehicles extends lucrative opportunity for the printed electronics dealers to generate substantial amount of revenue from the automotive industry vertical.
The dominant players in printed electronics market include players like Agfa-Gevaert (Belgium), SAMSUNG (South Korea), Thin Film Electronics (Norway), BASF (Germany), Novacentrix (US), Molex (US), E Ink Holdings (Taiwan), Xerox (Palo Alto Research Center) (US), FM Systems (US), Intrinsiq Materials (US), and Brightvolt (US).
The global printed electronics market is segmented into industry vertical application, printing technology, application, and region. Based on industry vertical, the market is segmented into consumer electronics, retail and consumer goods, healthcare, aerospace and defense, automotive, and others. Based on printing technology, the market is segmented into screen printing, inkjet printing, gravure printing, flexographic printing, and others. Based on application, the market is segmented into RFID tags, displays, photovoltaic, batteries, lighting solutions, sensors, and other devices. Based on region, the market is segmented into Asia-Pacific, Europe, North America, and the rest of the world.
Accelerated Demand in the Healthcare Industry
The rising ability to use stretchable and flexible electronics is being leveraged by the healthcare sector along with the related wellness industry. More and more consumer electronics vendors are pivoting advanced wearable technology devices to find more applications in the healthcare industry. The medical wearables market holds the potential to achieve greater success in the coming years. Renowned players are exploiting various form factors of electronics including stretchable sensors, in order to induce higher user comfort while offering ongoing actionable data. Substantial advancements in gas sensors, backed by materials like carbon nanotubes and graphene can optimize the benefit of using biomarkers and other devices in the medical field.
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The printed electronics market size is projected to expand in the regions of North America, Europe, Asia Pacific (APAC), as well as the rest of the world (RoW).
North America is anticipated to assert its dominance over the global market in the coming years, with the printed electronics technology gaining high prominence in the United States (US) and Canada. The admirable growth of the North American market can be accredited to the heightened demand for wearable devices in the healthcare industry. Massive investments in R&D, coupled with the surging adoption in a number of industrial applications like photovoltaic, lighting, and RFID devices, benefit the regional market.
The fastest growth rate can be achieved by APAC in the following years, with most of the market condensed in the emerging countries of Japan, India, China, and South Korea. The said countries are scaling the market at a significant pace on account of the large base of electronics and semiconductor manufacturers and the mounting awareness about wearable devices within the healthcare sector.
TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
LIST OF TABLES
Table1 Global Printed Electronics Market, By Region, 2018-2023
Table2 North America Printed Electronics Market, By Country, 2018-2023
Table3 Europe Printed Electronics Market, By Country, 2018-2023
LIST OF FIGURES
FIGURE 1 Global Printed Electronics, Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Printed Electronics Market
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