NEW
YORK, May 14, 2024 /PRNewswire/ -- The
global printed electronics market size is estimated to
grow by USD 47.58 bn from 2023-2027,
according to Technavio. The market is estimated to grow at a CAGR
of 15% during the forecast period.
For more insights on the forecast market size and
historic data (2017 - 2021) - Download
Free sample report in a minutes
Forecast
period
|
2023-2027
|
Base Year
|
2022
|
Historic
Data
|
2017 - 2021
|
Segment
Covered
|
Technology (Screen,
Inkjet, Gravure, and Flexographic), Application (Display, Sensors,
Photovoltaics, Battery, and Others), and Geography (APAC, North
America, Europe, Middle East and Africa, and South
America)
|
Region
Covered
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
Agfa Gevaert NV, BASF
SE, DuPont de Nemours Inc., Dycotec Materials Ltd., Enfucell,
Fujikura Co. Ltd., Henkel AG and Co. KGaA, InnovationLab GmbH,
Jabil Inc., Koch Industries Inc., Nissha Co. Ltd., NovaCentrix,
Optomec Inc., Printed Electronics Ltd., Samsung Electronics Co.
Ltd., Schreiner Group GmbH and Co. KG, TE Connectivity Ltd., Xerox
Holdings Corp., YFY Inc., and Ynvisible Interactive Inc.
|
Key Market Trends Fueling Growth
- A notable trend in technology is the emergence of stretchable
electronics, also termed elastic electronics, which involve the
fabrication of electronic circuits capable of stretching and
deforming.
- These circuits can either be placed on stretchable substrates
or integrated into flexible materials such as silicones or
polyurethanes.
- The adoption of stretchable electronics is poised to unlock a
myriad of innovative applications, spanning from cyber skin for
robotic devices to flexible implantable electronics and stretchable
energy storage solutions.
- Additionally, stretchable electronics hold promise for
applications like blood glucose test strips, showcasing their
potential to revolutionize diverse sectors.
- The healthcare sector is expected to spearhead the growth of
the stretchable electronics market, driven by the escalating demand
for real-time monitoring in critical patient care contexts,
alongside health tracking requirements in military and sports
environments.
Market Challenges
- A significant obstacle impacting market penetration is the
issue surrounding encapsulation.
- The encapsulation process poses a substantial challenge in the
manufacturing of flexible OLED displays and light panels due to its
complexity and high cost.
- This challenge is prevalent across both flexible and rigid
substrates, resulting in elevated manufacturing expenses as
production volumes increase.
- Leading companies such as SAMSUNG and LG Display, employing
vapor deposition techniques, grapple with the considerable expense
associated with curved OLED displays.
- Similarly, the cost burden of encapsulation is anticipated to
persist for printed OLED displays, with costs likely to mirror
those of vapor deposition.
- Initially, glass substrates are expected to dominate the
landscape of OLED display manufacturing, serving as the primary
substrate material.
Research report provides comprehensive data on impact of trend,
driver and challenges - Buy Report
Segment Overview
This printed electronics market report extensively covers market
segmentation by
- Technology
- 1.1 Screen
- 1.2 Inkjet
- 1.3 Gravure
- 1.4 Flexographic
- Application
- 2.1 Display
- 2.2 Sensors
- 2.3 Photovoltaics
- 2.4 Battery
- 2.5 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Screen- The printed electronics market encompasses
various technologies, including Gravure, Flexographic, and Screen
printing. Gravure and Offset printing are ideal for producing
large-area prints with high precision and accuracy, making them
popular choices for smart packaging applications. In contrast,
Screen printing technology, with its high throughput and low cost
per unit, is widely used for large-volume production in the
consumer electronics sector. The Inks segment, a crucial component
of printed electronics, includes conductive inks such as Silver,
Carbon, Metallic, and emerging Graphene ink. R2R printing, a
Roll-to-Roll process, is gaining traction due to its lower
production cost and higher efficiency. Technologies like CymMetrik
focus on improving materials, inks, and substrates, including
Flexible substrates like glass, Silicon, Flexible foil, Paper, and
Polyethylene Terephthalate (PET). Inkjet printing is another
promising technology, offering low power consumption and ease of
upgrades and improvisations. The market caters to various printed
electronics applications, including OLED displays, Printed RFID
devices, and IoT devices, transforming consumer electronics, IoT
devices, smartphones, and display devices into intelligent
communication devices.
For more information on market segmentation with geographical
analysis including forecast (2023-2027) and historic data (2017 -
2021) - Download a Sample Report
Research Analysis
The Printed Electronics Market is a dynamic and innovative
research arena in the consumer electronics industry. This market
encompasses various applications, including IoT devices,
smartphones, and communication devices. Key technologies driving
this market are OLED displays, Printed RFID devices, and advanced
materials such as Ink materials segment and Substrate material
segment. Flexible substrates, like flexible foil, paper, and
Polyethylene Terephthalate (PET), are increasingly used due to
their lower production cost, higher efficiency, and low power
consumption. Technologies like Inkjet printing and screen-printing
are popular for their ability to produce complex designs on various
substrates, such as glass, silicon, and flexible foil. Companies in
this sector, like CymMetrik, are continually upgrading and
improving their materials, inks, and substrates to meet the
evolving demands of the consumer electronics industry.
Market Research Overview
The Printed Electronics Market is experiencing significant
growth due to the development of flexible, lightweight, and
cost-effective electronic devices. Devices such as sensors,
displays, and energy harvesting systems are being produced using
this technology. Old and new players in the industry are investing
in research and development to improve the performance and
functionality of printed electronics. The market is segmented by
materials, applications, and regions. Conductive polymers, metals,
and semiconductors are the key materials used in this technology.
Applications include displays, sensors, energy harvesting, and RFID
tags. The market is driven by the increasing demand for flexible
and wearable electronics, and the growing adoption of printed
electronics in various industries such as healthcare, automotive,
and consumer electronics. The future of printed electronics looks
promising with advancements in technology and the potential for
mass production.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Technology
-
- Screen
- Inkjet
- Gravure
- Flexographic
- Application
-
- Display
- Sensors
- Photovoltaics
- Battery
- Others
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/printed-electronics-market-size-is-set-to-grow-by-usd-47-58-bn-from-2023-2027--growing-demand-for-flexible-display-to-boost-the-market-growth-technavio-302143580.html
SOURCE Technavio