Fort Collins, Colorado, Oct. 24, 2023 (GLOBE NEWSWIRE) -- According to DataHorizzon Research, the Printed Electronics Market was valued at USD 9.2 Billion in 2022 and is expected to reach a market size of USD 53.5 Billion by 2032 at a CAGR of 19.3%.
Printed electronics are electronic devices directly printed on certain substrates using specialized conductive inks. The growing adoption of printed electronics across various verticals is a major factor driving the market growth.
The various benefits associated with printed electronics, low prototyping costs, short time to market, and fewer processing steps are majorly propelling the market growth. The manufacturing process of printed electronics is much more cost-efficient as compared to traditional electronics manufacturing processes such as etching or photolithography. In addition, rapid prototyping for printed electronics enables faster design iteration and testing, contributing to a more efficient process. This reduces the lead time and accelerates the delivery time. Additive manufacturing and 3D printing are crucial technologies in the electronics industry to fabricate components.
The rising application of printed electronics across various industries contributes to market growth. Their applications range from car seat occupancy and heating elements in the automotive industry and electronics skin patches in the healthcare industry to smart packaging in consumer goods. Additionally, the integration of printed electronics with IoT technology promotes market growth.
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Segmentation Overview:
The global printed electronics market has been segmented into material, technology, resolution, application, and region. The screen printing segment held a large share in 2022. The automotive segment holds the large print electronics market share based on the end use. In the automotive sector, they are used in various applications, such as printed heaters, sensors in seat belts, and airbags. Asia Pacific dominated the Printed Electronics market in 2022. This can be attributed to this region's high consumer electronics and automotive demand.
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Printed Electronics Market Report Highlights:
- The global printed electronics market growth is anticipated at a CAGR of 19.3% by 2032.
- The estimated growth of technology is attributed to its versatility in dynamic applications, such as IoT and consumer electronics. With the increasing demand for thinner electronics, devices like flexible displays, smart labels, and active clothing are becoming more popular.
- The ink segment held a large market share in 2022. These include conductive silver, carbon, and dielectric inks used in automotive, consumer goods, medical electronics, aerospace, and smart packaging industries.
- The substrate segment is expected to expand at a high CAGR during the forecast period.
- Some prominent players in the printed electronics market report include Samsung Electronics Co., Ltd., LG Display Co., Ltd., Agfa-Gevaert Group, Ensurge Micropower, Palo Alto Research Center Incorporated, DuPont, Nissha Co., Ltd., BASF SE, NovaCentrix, Molex, LLC, and E-Ink Holdings Inc. among others.
Industry Trends and Insights:
- C3Nano launched the first low-temperature curing flexible conducive ink named SuperGrid, in 2023.
- Nano Dimensions, a provider of Additively Manufactured Electronics, acquired Global Inkjet Systems (GIS), a developer of high-performance control electronics, software, and ink delivery systems, in 2022.
- Electroninks launched a line of particle-free metallo-organic-based inks in 2022.
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Printed Electronics Market Segmentation:
- By Material: Ink, substrate
- By Technology: Inkjet, screen, gravure, flexographic, others.
- By Resolution: Below 100 lines/cm, 100 to 200 lines/cm, above 200 lines/cm
- By Application: Display, photovoltaic, lighting, RFID, others
- By End-use: Automotive & transportation, healthcare, consumer electronics, aerospace & defense, construction & architecture, others.
- By Region: North America, Latin America, Europe, Asia Pacific, the Middle East and Africa.
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DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.
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