Growing Technological expansions in electronics sector and the availability of electronic devices for various applications are some major drivers boosting the printed electronics market.
Covid-19 Impact & Market Status
The emergence and spread of COVID-19 affected the printed electronics business in 2020, resulting in lower printed electronics shipments. As a result, revenue decreased. As a result, market growth has slowed during the first half of 2020. The expansion of COVID-19 has had an influence on the display business, as makers of display panels have experienced production interruptions as a result of lockdowns enforced in many nations, as this industry is labor-intensive. The impact may be seen in the instance of LG Display Co., Ltd., which concentrated on increasing OLED manufacturing at its Guangzhou facility in China. Due to the COVID-19 epidemic, the firm experienced manufacturing delays, resulting in a decrease in display shipping.
Screen Printing Technology Segment will Hold Majority of the Market in the Coming Future
Printing batteries and sensors, as well as sign boards, labels, electronic circuit boards, posters, and textiles, are all made using the screen printing technique. Screen printing is used to make electrical lines and electrodes for touch panels, LED panels, and solar cells. Furthermore, the approach allows for the production of large patterns as well as the application of heavier inks to the surface of substrates.
The Ink Segment is Likely to Grow with the Majority of Share
In 2020, the printed electronics market was dominated by the inks sector. The segment's expansion may be attributable to an increase in demand for sophisticated printing processes, higher-quality conductive inks, and smaller devices.
The above 200 lines/cm sector is predicted to increase at the fastest CAGR in the Coming Future
The above 200 lines/cm sector is likely to grow at the fastest CAGR in the predicted period. The rising usage of this resolution to build new types of printed electronics with greater functions is driving growth.
The Aerospace and Defense Segment is Likely to Grow with the Majority of Share
The printed electronics market for aerospace and defense is predicted to develop at the fastest CAGR in the coming years. Printed electronics are widely employed in the aerospace and military industries because of their relative simplicity, cheap weight, and high durability, resulting in lower maintenance requirements.
APAC Market is expected to be a High Growth Rate in the near Future
The main contributors to this expansion include technological advancements and a strong emphasis on energy harvesting in nations such as China, South Korea, and Japan. Thus, Japan and China are industrial powerhouses that hold a plethora of electronic cars, gadgets, equipment, components, and other industries that rely on printed electronics to reduce total energy usage.
Low production costs, environmentally friendly technologies, a diverse choice of substrates, rising demand for flexible electronics, and greater investment are driving forces in the global printed electronics industry.
Printed electronics are electrical devices made on substrates such as foil, glass, paper, and fabric polymers using inkjet printers, carbon-based compound inks, and flexography, screen-printing, gravure, and processes. Examples of printed electronics include wearable electronics, electronic skin patches, OLEDs (Organic Light-Emitting Diodes), biosensors, flexible keyboards, display units, and photovoltaic cells. The global printed electronics market is likely to grow by 24 US$ billion by the end of the estimated period, at a CAGR of 19%.
Printed electronics provide various advantages to automakers. As a result, automotive businesses utilize printed electronics goods in their cars, such as OLED-based screens and lighting, printed sensors, and conductive parts in their vehicle seats. These characteristics have become a global automotive industry standard and must be featured in all modern automobiles.
Various advances, such as the use of additive manufacturing and screen-printing technology, are also operating as growth-inducing elements. They help in the production of completely electromechanical components with improved precision by utilizing UV curable, plastisol, aqueous, and solvent-based inks. As a result, printed sensors and panels are widely used in navigation and cockpits systems of military vehicles and airplanes propelling the market growth.
Our printed electronics market competitive landscape research will comprise an evaluation of market competition by a company, such as an overview, business description, product portfolio, important financials, and so on. Porter's Five Forces analysis, supply-chain analysis, PESTEL analysis, and industry growth strategies are all part of market projection scenarios. Optomec Inc., Molex LLC (Koch Industries), Nissha Co. Ltd., BASF SE, NovaCentrix, Agfa-Gevaert N.V., DuPont de Nemours Inc., E Ink Holdings Inc., Vorbeck Materials Corporation are some of the key players in the global Printed Electronics market.
Latest Innovations in the Global Printed Electronics Market: a Snapshot
- In May 2021, Quad Industries (Belgium) introduced and manufactured a resilient and flexible capacitive touch sensor and IME (in-mold electronics) in May 2021 to boost innovation in automotive surfaces. The conductive ink sensor is employed in vehicle HMI applications such as HVAC controls, steering wheel instructions, and overhead panels.
- Samsung Electronics Co., Ltd. announced its latest display, the 24-inch Webcam Monitor S4, in September 2021, intended to fulfill the needs of a hybrid workforce.
- The monitor's built-in webcam, speakers, and microphones make it simple for users to connect and interact.
- DuPont acquired Laired Performance Materials (China) in July 2021, a well-known company of thermal management and electromagnetic shielding systems. This purchase will benefit the company's electronic and industrial businesses.
The goal of the market research analysis is to provide reliable research on the global Printed Electronics market. The report decodes complex data and depicts the current and historical status of the industry, as well as predicted market trends and size. The study looks at every aspect of the industry, including a close look at market leaders, investors, customers, and new entrants.
Printed Electronics Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||24 US$ billion|
|Growth Rate||a CAGR of 19% during 2021-2028|
|Segment Covered||Printing Technology, Material, Resolution, Applications, Distribution Channel, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, The Middle East and South Africa|
|Key Players Profiled||Optomec Inc., Molex LLC (Koch Industries), Nissha Co. Ltd., BASF SE, NovaCentrix, Agfa-Gevaert N.V., DuPont de Nemours Inc., E Ink Holdings Inc., Vorbeck Materials Corporation|
Key Segments of the Global Printed Electronics Market
Printing Technology Overview, 2018-2028 (USD Billion)
- Gravure Printing
- Flexographic Printing
- Screen Printing
- Inkjet Printing
- Other Printing Technologies
Material Overview, 2018-2028 (USD Billion)
- Organic Substrates
- Inorganic Substrates
Resolution Overview, 2018-2028 (USD Billion)
- Below 100 Lines/CM
- 100 to 200 Lines/CM
- Above 200 Lines/CM
Applications Overview, 2018-2028 (USD Billion)
- RFID Tags
- Photovoltaic Cells
Distribution Channel Overview, 2018-2028 (USD Billion)
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa