Printed Electronics Market to See High CAGR Growth of 14.63% by 2026

Posted by kelvindbmr on April 15th, 2021

printed electronics market is set to witness a healthy CAGR of 14.63% in the forecast period of 2020- 2026. Printed electronics is a printing technique for creating electrical circuits. They usually create components on lightweight and flexible materials such as cloth, plastics and paper. Different printing technologies such as inkjet printing, gravure printing, flexographic printing and other are used in the printed electronics.

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These printed electronics processes are way more cost effective as compared to the other conventional process which are used for the manufacturing of coils, capacitors and other. They are widely used in application such as RFID tags, sensors, batteries, and photovoltaics and other.

Major Market Competitors/Players

Few of the major competitors currently working in the global printed electronics market are SAMSUNG, Palo Alto Research Center Incorporated, Agfa-Gevaert Group, Molex, Nissha Co., Ltd., DuPont and Dow, BASF SE., E Ink Holdings Inc., Novacentrix., Ynvisible Interactive Inc., Optomec, Inc., Sumitomo Chemical, Thin Film Electronics ASA., Applied Ink Solutions., ELANTAS Europe Srl., PRINTED ELECTRONICS LTD., Intrinsiq Materials, Inc., Vorbeck Materials., Coatema Coating Machinery GmbH, NextFlex, Jabil Inc., among others.

Segmentation: 

•          By Printing Technology (Inkjet Printing, Screen Printing, Flexographic Printing, Gravure Printing, Others)
•          By Application (Displays, RFID Tags, Batteries, Photovoltaics, Sensors, Lighting Solutions/Devices, Others)
•          By End- User (Automotive and Transportation, Healthcare, Consumer Electronics, Aerospace and Defense, Construction and Architecture, Retail and Packaging, Others)
•          By Material (Substrates, Inks)
•          By Type (Stretchable Electronics, Foldable Electronics, Others)
•          By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Competitive Analysis

Global printed electronics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of printed electronics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers:

•          Increasing application of printed electronics in IoT will drive the market growth
•          Growing demand for thin, flexible and robust substrate which is used for the manufacturing of cost- effective and secure printed electronics; this factor will also enhance the growth of this market
•          Less manufacturing cost will also accelerate the market growth
•          Rising evolvement of digital print technology can act as a market driver