The Printed Electronics Global Market Report 2023 by The Business Research Company, provides printed electronics market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Printed Electronics Global Market Report 2023, the market size is expected to grow from $9.67 billion in 2022 to $11.75 billion in 2023 at a compound annual growth rate (CAGR) of 21.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the printed electronics market is expected to grow to $24.39 billion in 2027 at a CAGR of 20.0%.
The increasing demand from the automotive industry is expected to propel the growth of the printed electronics market going forward. The production of automobiles utilizes printed electronic devices such as tailing sensors, elements for heating, Organic light-emitting diode lights (OLED), and Organic solar cells (OPV) in daily production and assembling activities. Therefore the increase in automobile production is expected to boost the utilization of printed electronics.
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The printed electronics market is segmented:
1) By Technology: Inkjet, Screen, Gravure, Flexographic
2) By Material: Ink, Substrate
3) By Application: Displays, RFID Tags, Batteries, Photovoltaic Cells, Lighting, Other Applications
4) By End-Use Industry: Automotive & Transportation, Healthcare, Consumer Electronics, Aerospace & Defense, Construction & Architecture, Retail & Packaging, Other End User Industrie
Strategic partnerships and collaborations are a key trend gaining popularity in the printed electronics market. Major companies operating in the printed electronics equipment market are focused on strategic partnerships to expand their product development activities, venture in new regions and meet their customer demands. For Instance, in October 2020, Notion Systems GmbH a Germany-based manufacturer of industrial inkjet systems partnered with PV Nano Cell Ltd. an Israel-based solution provider for printed electronics for digital additive manufacturing of printed electronics. Through the partnership, the companies will exchange data to optimize the overall performance of printing. Furthermore, in February 2021, Henkel Adhesive Technologies, a Germany-based chemical, and consumer goods company announced a partnership with Quad Industries, a Belgium-based solutions provider and manufacturing of customized printed electronics for technological value creation. This partnership hopes to share technology for designing creating, prototyping, and manufacturing of printed electronics.
The printed electronics market report table of contents includes:
1. Executive Summary
2. Printed Electronics Market Characteristics
3. Printed Electronics Market Trends And Strategies
4. Printed Electronics Market – Macro Economic Scenario
5. Printed Electronics Market Size And Growth
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26. Africa Printed Electronics Market
27. Printed Electronics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Printed Electronics Market
29. Printed Electronics Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Molex
- LLC
- Agfa-Gevaert Group
- Palo Alto Research Center Incorporated (PARC)
- DuPont de Nemours
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