The printed electronics market is expected to gain steady traction in the foreseeable future, owing to the active commercialization of printed electronics in different industries. Increasing proliferation of smart displays and touch devices is also contributing towards positive growth of the market.The global printed electronics market is estimated to be valued at US$ 4,771.9 million in 2017 and is expected to witness a CAGR of 21.3% during the forecast period (2017 – 2025).
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The market for printed electronics is gaining significant traction due to growing application in RFID tags, solar cells, and OLED displays, among others. Increasing application of printed electronics in memory or logic, different sensors is one of the major growth driving factors for the market. Printed sensors and antennas to printed batteries and displays, printed electronics are being integrated into plastic film, paper, fabric, 3D printed objects and metals. These factors are projected to fuel the growth of printed electronics over the forecast period. Printed electronics have wide range of opportunity in the industries like aerospace, healthcare, and media, among others.
This report segments the global printed electronics market on the basis of materials, technology, application and geography. On the basis of material, the printed electronics market is categorized into substances and inks. Substances segment is furthermore segmented into inorganic materials and organic materials sub-segments. Organic materials is segmented into polymers, papers, and others. Inorganic material is segmented into silicon, glass, and others. Inks segment is segmented into dielectric inks and conducive inks. On the basis of technology, the printed electronics market is categorized into ink-jet printing, gravure printing, flexography, screen printing, and others. On the basis of application, the printed electronics market is categorized into displays, sensors, batteries, lighting, RFID, photovoltaic, and others.
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“The growing application of flexible and touch displays drives growth of printed electronics market”
Printed materials for smart fabrics as well as wearable electronics, which includes, communication, health monitoring, and OLED displays is another major driver for the market. Light weight, ultra-thin, bendable, shatter-proof energy efficient and portability are some of the major attributes of the flexible displays. Growing usage of printed electronics in memory or logic and in different sensors is one of the major growth driving factors for the market. Also, development of portable and miniaturized electronic devices is also increasing adoption of printed electronics in different industries globally.
“Growing application of OLED displays and smart labels is a prominent factor to fuel growth of the printed electronics market”
Increasing adoption of printed electronics in the photovoltaic cells in order to convert solar energy into electricity along with growing application of conductive inks are some of the prime driving factors for the market. Printed electronics increases the electronic functionality of substrates than conventional rigid electronic fabrication techniques. While conventional electronics are used in packaging and print, integrating large-scale printable electronics primarily offers lightweight and thin electronics using high-volume manufacturing processes in cost effective way. Product innovation through research is one of prime strategies adopted by the key players operating in the printed electronics market to strengthen their positions globally.
Asia Pacific is leading the market for printed electronics, followed by North America due to increasing demand for the smart devices and displays. Owing to rapid progression of electronic products which includes RFID, membrane switches, electronic labels and printed displays are anticipated to contribute in the positive development of the market over the forecast period.
Key companies covered as a part of this study include T+ink, Inc., Thin Film Electronics ASA, NovaCentrix, Optomec Inc., E. I. du Pont de Nemours and Company, Xerox Corporation, Vorbeck Materials Corporation, Inc, Agfa-Gevaert N.V., LEONHARD KURZ Stiftung &Co. KG, Intrinsiq Materials, Inc., BASF SE, Samsung Electronics Co., Ltd. AND E Ink Holdings Inc.
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