Tokyo, Japan, May 12, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Research Report by Market Research Future (MRFR), Printed Electronics Market Information by Component, Printing Technology, Application, and Region - Forecast till 2032”, Printed Electronics Market could thrive at a rate of 13.0% between 2023 and 2032. The market size will be reaching around USD 12.3 Billion by the end of the year 2032
Printed Electronics Market Key Players:
The affluent companies in the Printed Electronics industry include
- SAMSUNG
- Agfa-Gevaert
- BASF
- Thin Film Electronics
- E Ink Holdings
- Novacentrix
- Molex
- FM Systems
- Xerox (Palo Alto Research Center)
- Brightvolt
- Intrinsiq Materials
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Report Scope:
| Report Metric | Details |
| Revenue forecast in 2032 | USD 12.3 Billion |
| Growth Rate | CAGR of 13.0 % from 2023 to 2032 |
| Base Year | 2022 |
| Study Period | 2023-2032 |
| Key Market Opportunities | Rising Applications in the Healthcare Industry |
| Key Market Drivers | Integration of the Internet of Things (IoT) and Consumer Electronics |
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Printed Electronics Market Synopsis
Printed electronics is a technology that involves the use of printing techniques to create electronic devices and circuits on various substrates such as paper, plastic, glass, and textiles. The printed electronics market is growing rapidly due to the increasing demand for flexible and lightweight electronics, as well as the development of new printing technologies and materials.
One of the major drivers of the printed electronics market is the increasing demand for flexible and wearable electronics. Printed electronics can be produced on flexible substrates, making them ideal for applications such as flexible displays, smart clothing, and healthcare devices. The ability of printed electronics to be produced in high volumes at a low cost also makes them attractive for mass-market applications.
April 2021
Ink Holdings Inc. entered into a contract with DATA MODUL, a provider of touch, embedded, and display monitors, to resell its products with a focus on the North American and European markets
Market USP Covered:
Market Drivers:
One driver of the printed electronics market is the increasing demand for flexible and wearable electronics. Printed electronics can be produced on flexible substrates, such as plastic or fabric, which allows for the creation of thin, lightweight, and flexible devices that can be easily integrated into clothing, accessories, or other products. This has led to the development of wearable technologies that can monitor vital signs, track fitness, and provide other health-related data. Printed electronics are also used in flexible displays for smartphones, tablets, and other electronic devices. The demand for flexible and wearable electronics is expected to continue to grow, particularly in the healthcare, sports, and fashion industries, which will drive the growth of the printed electronics market.
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Market Restraints:
One restraint of the printed electronics market is the limited performance of printed electronics compared to traditional electronics. Printed electronics have lower power and processing capabilities, which limits their use in high-performance applications. This can be attributed to the materials used for printed electronics, which are typically less conductive or less stable than traditional electronic materials such as silicon. Printed electronics are also limited in terms of resolution, which affects the accuracy and precision of electronic devices. To overcome these challenges, new materials and processes are being developed, but this requires significant investment in research and development, which can be a barrier to entry for smaller companies in the market. Furthermore, the limited performance of printed electronics can also limit their market growth and adoption in certain industries, which may prefer the higher performance and reliability of traditional electronics.
COVID 19 Analysis
The pandemic has increased the demand for printed electronics in medical applications, such as sensors and diagnostic devices, as well as touchless interfaces in public spaces to reduce the spread of the virus. The pandemic has also led to an increased demand for flexible and wearable electronics for remote monitoring and telemedicine, as people are more interested in monitoring their health from home. On the other hand, the pandemic has also hurt the market, particularly in terms of supply chain disruptions and decreased demand in certain end-use industries. The lockdowns and travel restrictions implemented in many countries have disrupted global supply chains, which has led to delays in the production and delivery of printed electronics. This has resulted in increased costs and decreased profit margins for some companies in the market. Additionally, the pandemic has caused a slowdown in certain end-use industries, such as automotive and consumer electronics, which has reduced the demand for printed electronics in these sectors.
Market Segmentation
By Component
The component in the market includes Dielectrics, Contact Materials, Silicon Materials, Presentation, and Semiconductors.
By Printing technology
By printing technology, the segment includes Substrates and Inks
By Application
By application, the segment includes Biometrics, Guard and Military, Medical Care, and Auto.
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Regional Insights
North America is a significant market for printed electronics due to the presence of key market players and the high demand for printed electronics in various end-use industries. The US is the largest market in the region, driven by the increasing demand for flexible and printed displays in various applications, such as smartphones, tablets, and wearables. The growing popularity of Internet of Things (IoT) devices and the adoption of printed sensors and antennas in smart homes and smart cities are also driving the growth of the printed electronics market in North America.
Europe is also a significant market for printed electronics due to the increasing demand for organic and flexible electronics in various industries, such as automotive, healthcare, and consumer electronics. Germany, France, and the UK are the largest markets in the region, driven by the increasing adoption of printed electronics in the automotive industry for applications such as sensors, displays, and lighting. The growing demand for flexible and printed displays in consumer electronics and the development of new printing technologies are also driving the growth of the printed electronics market in Europe.
Asia Pacific is the largest and fastest-growing market for printed electronics due to the presence of key market players and the increasing adoption of printed electronics in various industries, such as consumer electronics, automotive, and healthcare. China, Japan, and South Korea are the largest markets in the region, driven by the increasing demand for printed sensors, OLED displays, and touchscreens in smartphones and other electronic devices. The growing adoption of printed electronics in healthcare for applications such as wearable sensors and diagnostic devices is also driving the growth of the printed electronics market in the Asia Pacific.
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