The global printed electronics market is expected to reach above US$ 20,461 Mn by 2026 with registered a CAGR of above 18% during the forecast period 2019-2026.
Printed electronics is a better alternative to conventional manufacturing method. It finds wide applicability in various end use industries such as automotive, healthcare, consumer electronics, etc. Printed electronics refers to the printing technology used to manufactures various electronics products.
With the arrival of high speed internet, increasing penetration of connected devices technology in various end use industries, and manufacturers approach toward offering smart electronic devices are some factors expected to drive the growth of market. Consumer demand for light weight smart electronic devices is increasing. Devices such as smart TV, keyboards, antennas, etc. are witnessing high demand across the global and manufactures are more focused on providing better quality technology.
Wide applicability of printed electronic in various end use industries such as automotive, healthcare, retail & packaging, etc. is expected to further support the market growth. With the constant increase in sale of vehicles across the globe and inclination towards smart vehicles printed electronics tend to be more beneficial. Printed electronics gives advantages such as thinner and lighter which aid auto manufactures in development of various products such as flexible display, energy efficient lighting, printed logic & memory, sensors, etc. Gradual increase in sale of electric vehicle manufactures are focused on using printed electronics for development of low-cost solar cells vehicles.
However, factors such as high cost of product development and high complexity in manufacturing are hampering the growth of the global market. In addition, lack of understanding related to benefits of printed electronics among manufacturers is further challenging the market growth.
High investment from major payers for R&D activities and introduction of new innovative low cost products are factors expected to be responsible for revenue opportunities over the forecast period. In addition, inclination towards business development through strategic mergers and acquisition are factors further supporting the revenue growth of market.
The end use industry of global printed electronics is segmented into Inkjet Printing, Screen Printing, Gravure Printing, and Flexographic Printing. The screen printing segment is expected to account for high revenue share as compared to other end use segment.
Segment Analysis by Region
The market in North America is expected to account high revenue share owing to increasing demand for printed electronics from various industry verticals. In addition, high presence of major players operating in the country such as US and Canada is expect to further support the regional revenue growth.
Moreover, major players approach towards business expansion through merger and acquisitions in order to increase the business presence and customer base is expected to positively impact the market growth.
High competition in the market is witnessed due to high investment from major players and new product launches. In addition, inclination towards emerging economies in order to increase the profit ratio is expected to further increase the competitive scenario in coming years.
The market research study on “Printed Electronics Market (Printing Technology: Screen Printing, Inkjet Printing, Flexographic Printing, and Gravure Printing; Material: Substrates and Inks; End Use: Automotive & Transportation, Consumer Electronics, Healthcare, Retail & Packaging, Aerospace & Defense, Construction & Architecture, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global printed electronics market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global printed electronics market by printing technology, material, end use segment and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global printed electronics market size and segment markets by printing technology, material, end use, and geography along with the information on companies operating in the market. The printed electronics market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of the report. The players profiled in the report include Samsung, LG, Palo Alto Research Center (PARC), Agfa-Gevaert, Molex, Nissha USA, Dupont, BASF, Novacentrix, E Ink Holdings, and Ynvisible Interactive.
Market By Printing Technology:
Market By Material:
Market By End Use:
Market By Region
Middle East & Africa
Printed electronics refers to the printing technology used to manufactures various electronics products.
The printed electronics applicable in automotive, healthcare, consumer electronics and other industries.
The global printed electronics market in 2018 was above US$ 5,237 Mn.
In the product segment the consumables electronics segment is growing at faster pace.
The CAGR of the global printed electronics market from 2019-2026 is above 18%.
Among the application segment the screen printing segment accounts for high revenue share.
Some of the players considered in the report scope are Agfa-Gevaert, Molex, Nissha USA, Dupont, BASF.