Description
Global Printed Electronics Market: by Printing Technology (Screen Printing, Inkjet Printing, Flexographic Printing, Gravure Printing), by Application (Displays, Photovoltaic (PV) Cells, Radio-frequency Identification (RFID) Tags, Lighting, Sensors, Batteries), by Material Type (Substrates, Inks, Plastic, Glass, Paper, Dielectric Inks, Conductive Inks), by End-user Industry (Automotive & Transportation, Consumer Electronics, Healthcare, Retail & Packaging, Aerospace & Defence, Construction & Architecture), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2021–2027)
The printed electronics market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating in the global market. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region-wise and segment-wise market share/growth analysis. The report’s study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the printed electronics market.
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Printed Electronics Industry Outlook
The global printed electronics market size is estimated to grow from USD 7.9 billion in 2020 to USD 22.7 billion by 2027; it is projected to grow at a CAGR of 21.5% from 2021 to 2027. The production of Screen Printing is gathering traction around the globe, backed by wide applications such as commercialized devices such as smartphones and laptops, sensors, and photovoltaic cells. In addition, the global market is driven by the trend of using graphene ink to develop cost-effective, versatile, water-repellent, and highly conductive printing technologies. Over the forecast period, this aspect would boost the global printed electronics industry.
Factors Affecting the Printed Electronics Market Over the Forecast Period:
The increased use of printed electronics to produce smart and connected devices and the growing penetration of IoT are the key factors driving the global market. Moreover, the global demand for energy-efficient, lightweight, flexible electronics, low manufacturing costs, and environmentally sustainable technologies is also moving the market towards expansion.
Substantial cost advantages provided by printing technologies are boosting the market growth. The use of additive processing for print electronics is also creating market growth opportunities.
The advent of new functionalities and the implementation of Printed Electronics and its combination with multiple products create several opportunities in the global market for printed electronics.
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Complex Production Method is Hindering the Market Growth
The knowledge gap between the various group of people engaged in the production of Printed Electronics is restricting the market growth.
The lack of understanding of benefits among manufacturers of electronic devices and components is hindering the industry’s growth.
Complex production methods and other content problems impede the market.
The commercialization of innovative and cost-effective inks presents huge challenges to the global demand for printed electronics.
Impact of COVID-19 on Printed Electronics Market:
COVID-19 Pandemic is projected to have a major impact on the global printed electronic industry, as the APAC region is one of the largest raw and finished products producers. COVID-19 has also significantly affected the printing electronics market, and manufacturers intend to foresee production delays when the sector needs more human labor. Reduction of processing capability limits the probability of printing displays. With factories facing labor and component storage, production declines are expected. Reducing orders, halting production activities, and labor shortages are likely to affect applications, impacting the printing electronics industry.
Scope of the Report
The report outlines the global printed electronics market study based on technology, material type, application, and end-use industry.
Based on the technology, the printed electronics market has been segmented into–
Screen Printing
Inkjet Printing
Flexographic Printing
Gravure Printing
Others
Based on material type, the printed electronics market has been segmented into –
Substrates
Inks
Plastic
Glass
Paper
Dielectric Inks
Conductive Inks
Based on application, the printed electronics market has been segmented into –
Displays
Photovoltaic (PV) Cells
Radio-frequency Identification (RFID) Tags
Lighting
Sensors
Batteries
Others
Based on end-use industry, the printed electronics market has been segmented into –
Automotive and Transportation
Consumer Electronics
Healthcare
Retail and Packaging
Aerospace and Defence
Construction and Architecture
Others
Printed Electronics Market: Regional Outlook
The global printed electronics market has been segmented into five geographical regions: North America, Asia Pacific, South America, Europe, and the Middle East and Africa (MEA). In the global printed electronics market, North America accounted for the largest share in the global market in 2020, followed by the Asia Pacific and Europe. The region of the region is primarily due to the growing investment in R&D, the technology is expected to gain traction in North America. Furthermore, Asia Pacific is anticipated to project the highest CAGR in the global market over the forecast period. This rise is attributable to the increasing need for printed electronics technologies in the implementation of consumer products.
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Key Global Printed Electronics Market Competitors Includes –
The global printed electronics market is highly fragmented, with the presence of many players across the globe. The key player operating in the global printed electronics market include –
Samsung Electronics Company Limited
LG Electronics Incorporated
Palo Alto Research Center Incorporated
Agfa-Gevaert Group
Molex LLC
Nissha Corporate Limited
DuPont de Nemours Incorporated
NCC Nano LLC
E Ink Holdings
Ynvisible Interactive Incorporated
Optomec Incorporated
Cambridge Display Technology Limited
Brightvolt Incorporated
T+ink Incorporated
Printed Electronics Limited.
The printed electronics market report provides a thorough analysis of macro-economic factors and the market attractiveness of every segment. The report will include an in-depth qualitative and quantitative assessment of the segmental/regional outlook with the market players in the respective segment and region/country. The information concluded in the report includes the inputs.
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