Growing application in healthcare industry and proliferation of smart devices are expected to drive the Global Printed Electronics Market during the forecast period of 2024-2028.
According to TechSci Research report, “Printed Electronics Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018–2028, the Global Printed Electronics Market is anticipated to register a robust growth during the forecast period, 2024-2028” due to the factors such as marketing of printed goods across a range of sectors, including media, consumer electronics, healthcare, and transportation. The market is expanding favorably as smart displays and touch technology become more widely available. Some of the main areas for printed electronics applications include medical sensors and diagnostic tools. One of the factors driving the market is the expanding use of printed batteries in various medical devices. Another significant current development in the printed electronics market is the adoption of printed batteries since they are flexible, elastic, and rechargeable. Over the course of the forecast period, printing technologies are anticipated to be used more and more in memory, mobile chips, printed circuit boards, and logic energy storage devices.
Moreover, the complexity of printed electronics production processes is limiting the growth of the Global Printed Electronics Market. The difficult procedures utilized to manufacture printed electronics devices involve fast processing speeds, controlling homogeneity, managing curing temperature, and others. In addition to this, there are still certain issues with substrate qualities as smoothness, porosity, ink uptake, chemical, and physical compatibility. Therefore, the expansion of the Global Printed Electronics Market is being constrained by all these production difficulties.
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Furthermore, during the spread of the COVID-19 pandemic, governments all over the world imposed stringent lockdown in their countries which caused a temporary shutdown of various companies as well as manufacturing units, which posed a challenge of low production of goods and services. Moreover, the worldwide disruption supply chain also negatively impact the printed electronics demand.
Some of the recent developments in Global Printed Electronics Market are:
The University of Texas at Dallas and Novacentrix, a startup that specializes in next-generation printed electronics, will start working together to produce solar panels in September 2021. The University of Texas researchers demonstrated a technique called photonic curing that can be used to create thin sheets for flexible electronics.
Global Printed Electronics Market is segmented into by printing processes, material, device, and by end user.
Based on printing processes, screen printing is the dominating segment in the Global Printed Electronics Market due to the durable outputs and high quality associated with the screen-printing technology.. In addition, screen printing is compatible with an extensive range of material viscosities as compared with inkjet printing technologies. This advantage, among others, has further led to the rising preference for screen printing.
Based on material, the ink segment is likely to dominate the Global Printed Electronics Market owing to the upsurge in the application of printed electronics across different industries which has enabled the significant adoption of inks. In addition, the key market players are introducing innovative inks for printed electronics devices, fueling the growth of the segment.
Based on regional analysis, Asia Pacific is a global leader in the Global Printed Electronics Market due to the expansion of printed electronics technology in consumer electronics applications. The market’s expansion may also be attributed to increased spending on printed electronics-related R&D projects and the mass manufacture of electronic components in the Asia Pacific region.
Major market players operating in the Global Printed Electronics Market are:
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“Almost all industrial printing technologies are used in the preparation of printed electronics. Emerging interest and inevitable move towards 5G technology created new material opportunities in the electronics sector for the printed electronics market. Moreover, the demand for the latest consumer electronics devices has been trending for past years and is expected to grow substantially in the upcoming years. In addition, the growth of global economies has fueled for consumer electronics due to the rising residential sector, government initiatives and rapid change in technologies. Hence, the growth of Global Printed Electronics Market is expected to augment during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Printed Electronics Market- Global Industry Size, Share, Trends, Opportunities, and Forecast 2018-2028. Segmented By Printing Processes (Screen Printing, Flexography and Inkjet Printing), By Material (Inks and Substrates), By Device (Displays, Electronic Circuits, Sensors, Photovoltaic, RFID and Others), By End User (Automobile, Transportation, Consumer Electronics, Healthcare, Aerospace & Defense and Others), By Region, Competition”, has evaluated the future growth potential of Global Printed Electronics Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Printed Electronics Market.
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