Global Printed Electronics Market Report is estimated to reach $19 billion by 2024; growing at a CAGR of 22.6% from 2016 to 2024. Printed electronics is a printing process of the conductive polymers and inks onto the fabrics or foils, to manufacture electrical circuits. Printing electronics is majorly used for creating transistors, coils, and other electrical boards or circuits. It is a flexible and faster method of manufacturing circuits, but costs comparatively higher in comparison to traditional printing ways. Various application areas such as electronics, healthcare, media and others pose a huge demand for printed electronics owing to its thickness and compressed size.
Low manufacturing cost, wide range of substrates, and eco-friendly technology are the major factors driving the global printed electronics market. Moreover, increased demand for flexible and bendable electronics has also propelled the growth of global printed electronics market. However, lack of consumer awareness and increased competition from non-printed electronic products is the major challenge for competitors. Innovative product developments would provide several growth opportunities for the market in coming years.
The global printed electronics market is bifurcated by technology, application, and materials. The segmentations by technology include flexography, ink-jet printing, gravure printing, and screen printing. The application segment is further sub-segmented into automotive, retail & packaging, electronics, display, and others. Substrates and Inks are the various classifications of printed electronics market by materials. Screen printing dominated the technology segment with the largest market share in 2016, and is expected to continue its dominance during the forecast period. Inkjet printing is expected to grow at the fastest CAGR, owing to its multiple features such as, light, compact, high resolution, and low cost.
Based on geography, the market has been segmented into North America, Europe, Asia Pacific and ROW. The U.S., Canada, and Mexico are covered under North America wherein Europe covers Germany, France, United Kingdom, Spain and others. Asia-Pacific covers China, India, Japan, South Korea and others. Rest of the world (RoW) covers South America, Middle East and Africa.
Major companies operating in this market are T-ink, Inc. (U.S.), BASF SE (Germany), E.I. DuPont de Nemours & Co. (U.S.), Molex, Inc. (U.S.), E Ink Holdings Inc. (China), YD Ynvisible, S.A. (Portugal), ThinFilm Electronics ASA (Norway), PARC, Inc. (U.S.), NovaCentrix (U.S.), and GSI Technologies, LLC (U.S.).
The key takeaways from the report
* The report will provide detailed analysis of printed electronics market with respect to major segments such as technology, materials and application
• The report will include the qualitative and quantitative analysis with market estimation over 2015-2024and compound annual growth rate (CAGR) between 2016 and 2024
• Comprehensive analysis of market dynamics including factors and opportunities is included in the report
• An exhaustive regional analysis of printed electronics market will be provided in the report
• Profile of key players of the printed electronics market, which include key financials, product & services, new developments and business strategies
Related Reports: Printed Electronics Market Research Reports