Sarasota, FL, Nov. 22, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Printed Electronics Market (Substrates and Inks) by Technology (Flexography, Ink-jet Printing, Gravure Printing and Screen Printing) for Sensors, Displays, Batteries, RFID, Lighting, and Photovoltaics: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021”. According to the report, global demand for printed electronics market was valued at USD 3.05 billion in 2015 and is expected to reach USD 10.26 billion in 2021, growing at a CAGR of 22.4% between 2016 and 2021.
Printed electronics prints on the substrate with the help of optical or electrical inks. Passive or active components such as resistors or transistors are used for printed electronics. A variety of industrial applications of printed electronics includes batteries, packaging, sensors, displays and RFID. Printed electronics also utilizes different types of solution based materials such as nanotubes or nanoparticles, metallic conductors, organic or inorganic semiconductors to aid printing experience. With the help of these eminent devices, printed electronics are able to completely harness new properties which make them more attractive for new developing applications.
Browse through 18 Market Tables and 28 Figures spread over 110 Pages and in-depth TOC on “Global Printed Electronics Market Industry Analysis, Size, Share, Trends, Applications, Segments, Companies and Forecast 2015-2021”.
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Global printed electronics market is primarily driven by rising demand for flexible printed electronics in the packaging industry coupled with increasing application in Internet of Things. In addition, low manufacturing cost, increasing demand for flexible electronics and environmentally friendly technology are some of the major driving factors are flourishing the market growth. Furthermore, rising demand from various industrial applications paired with increased investments is expected to favor the printed electronics market growth. However, complexity in manufacturing processes is expected to have the adverse impact on printed electronics market. Nonetheless, the trend of additive manufacturing paired with advantages of thin and flexible form for various applications may disclose new avenues for printed electronics market in the near future.
Based on material printed electronic market has been classified into substrate and inks. The substrate segment is expected to dominate the market over the forecast period due to significant demand for the organic substrate as well as the inorganic substrate. Ink material segment is also expected to achieve considerable growth in the forecast period. The conductive ink is expected contribute the growth for ink material segment for printed electronic market in the forecast period.
Browse the full "Printed Electronics Market (Substrates and Inks) by Technology (Flexography, Ink-jet Printing, Gravure Printing and Screen Printing) for Sensors, Displays, Batteries, RFID, Lighting, and Photovoltaics: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021." report at https://www.zionmarketresearch.com/report/printed-electronics-market
Screen printing technology segment held the largest market share in 2015. The growth of this segment is mainly attributed to demand of screen printing technology from printed electronics manufacturers due to its simplicity, adaptability, speed and affordability to the fabrication process. Flexography printing uses flexible relief plate for printing processes generally on the non-porous subtracts for food packaging. Gravure printing is also expected to show remarkable growth due to increasing demand for commercial printing.
Based on application, global printed electronics market is bifurcated into sensors, displays, batteries, RFID, lighting, and photovoltaics. Lighting application segment is expected to grow at the highest rate during the forecast period. A significant decrease in costs of devices such as diagnostic devices, mobile phones, and others offers lots of opportunity for the sensor segment of printed electronics market.
Asia pacific held the largest share of the global printing electronics market and is set to maintain its dominance in the world marketplace within the coming years. The major factors driving the growth of the market are the presence of major electronics manufacturing hub with multiple manufacturing activities in countries such as China, India, Japan and South Korea. Rapid economic growth in BRIC nations is expected to drive the printing electronics market in this region.
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Closely followed by Asia Pacific, North America is another huge market for printed electronics. Increasing demand for photovoltaics application paired printed glucose sensor is anticipated to provide health growth for printed electronic market. Already booming segments such as OLEDs and conductive inks is expected to act as a supporting factor for the growth of the market. Increasing application in Internet of Things (IoT) in North America will favor the printing electronics market growth in coming years.
A large number of material manufacturer paired with the number of printing equipment manufacturer and device manufacturer is expected to fuel the demand for printed electronic market in the European market. Ongoing research practices and development by institutes such as Centre for Process Innovation Limited (U.K.) and Holst Centre (Netherlands) are leading the research activities in the European region.
The developing economies in Latin America also have a potential market for the future growth of the printing electronics market. Rising demand for printing electronics for lighting application is the key growth factor expected to contribute to the growth of the printing electronics market in Latin America. The Middle East and Africa is expected to show noticeable growth for printing electronic market in the forecast period. Saudi Arabia and U.A.E. is expected to emerge as the major contributor to the market growth.
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Major participants in the printed electronics space include Aveso Displays, Blue Spark technologies, Printechnologics GMBH, Polyic Gmbh & Co. Kg, Novaled AG, Nano Solar Inc., BASF SE, Emagin Corp., kovio Inc., Toppan Forms, Sipix Imaging Inc. and E Ink Holdings Inc. amongst others.
This report segment of global printed electronics market as follows:
Global Printed Electronics Market: Material Segment Analysis
- Substrates
- Organic
- Inorganic
- Inks
- Conductive
- Dielectric
Global Printed Electronics Market: Technology Segment Analysis
- Flexography
- Ink-jet Printing
- Gravure Printing
- Screen Printing
Global Printed Electronics Market: Application Segment Analysis
- Sensors
- Displays
- Batteries
- RFID
- Lighting
- Photovoltaics
Global Printed Electronics Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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