Report Code : BII926 May-2022 Semiconductor & Electronics Format : PDF Pages : 203
The assessed acceleration of the innovation is credited to the capacity to be consolidated in an assortment of dynamic application regions, like IoT and customer hardware. The rising of IoT is giving a few learning experiences, broadening the extent of printed gadgets applications across the area. Also, the rising interest for cutting edge OLED shows and printed RFID gadgets are making ready for expanding reception of the innovation attributable to its low creation cost, higher productivity, and low power utilization.
Moreover, the increased demand for printed electronics in the emerging economies such as India, China, Indonesia, Brazil, and others. The increased spending by key companies on the research and development and product launch is further estimated to drive the global printed electronics market in the coming years. In addition, the increased demand for printed electronics in the automotive and transportation industry as well as growing consumer electronics industry are presumed to enhance the market demand in the coming years. However, the high investment cost of the printed electronics is projected to restrain the market growth over the forecast period.
According to Business Intelligence Insights "Printed Electronics Market is expected to grow from USD 9629.5 million in 2021 to USD 35,951.3 million by 2027, at a CAGR of 17.90% during the forecast period 2022-2028
The flare-up and the spread of the COVID-19 hurt the printed gadgets market in 2020, bringing about diminished shipments of printed hardware. This brought about a decrease in income. Subsequently, a dunk was seen in market development during the principal half of 2020. This pattern kept on winning till Q1 2021. The spread of COVID-19 has affected the showcase business as makers of show boards were seeing creation disturbances brought about by lockdowns forced in various nations since this industry is work concentrated. The effect can be seen on account of LG Display Co., Ltd., which zeroed in on growing its OLED creation by inclining up creation at its Guangzhou plant in China. The organization confronted creation delays because of the COVID-19 pandemic, bringing about a decrease in show shipment.
• Drivers
o Development of IoT.
o Need for efficient and cost-effective development of electronic products.
• Restraints
o High cost involved in installing the printing system for electronic components.
Screen printing category dominated the market with more than 75% of the market share
During the projected period, screen printing technology will account for the greatest share of the market. Screen printing is one of the world's oldest and most versatile printing methods. This printing process is used to create printed sensors and batteries, as well as posters, labels, signs boards, textiles, and electronic circuit boards. Electrodes and electrical wires for LED panels, touch panels, and solar cells are printed via screen printing. Additionally, the technology allows for the creation of big graphics and the application of thicker inks to substrate surfaces. During the forecast period, the screen printing technology accounted for the biggest share of the printed electronics market.
Inkjet category dominated the market with more than 20% of the market share
Inks accounted for the second largest portion of the printed electronics market in 2021. Moreover, throughout the projection period, the category is expected to rise at a faster CAGR. One of the most important materials utilized in the production of printed electronics is ink. The rising need for enhanced printing processes, better quality conductive inks, and compact devices is related to the segment's rise. Graphene ink, for example, is being developed to create low-cost, flexible, water-resistant, and highly conductive electrical circuits.
By Printing Technology
• Inkjet Printing
• Screen Printing
• Flexographic Printing
• Gravure Printing
• Other Printing Technologies
By Resolution
• Below 100 Lines/CM
• 100 To 200 Lines/CM
• Above 200 Lines/CM
By Applications
• Displays
• RFID Tags
• Batteries
• Photovoltaic Cells
• Lighting
• Other Applications
By End-User Industry
• Automotive & Transportation
• Healthcare
• Consumer Electronics
• Aerospace & Defense
• Construction & Architecture
• Retail & Packaging
• Other End-use Industries
By Different Substrates Transport Techniques
• Roll-to-Roll
• Sheet-to-Sheet
• Sheet-on-Shuttle
By Region
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East and Africa
o UAE
o South Africa
o Rest of Middle East and Africa (MEA)
List of Key Players in the Printed Electronics Market:
• Samsung Electronics Co., Ltd. (South Korea)
• LG Display Co., Ltd. (South Korea)
• Molex, LLC (US)
• Agfa-Gevaert Group (Belgium)
• Palo Alto Research Center Incorporated (PARC) (US)
• DuPont de Nemours, Inc. (US)
• Nissha Co., Ltd. (Japan)
• BASF (Germany)
• NovaCentrix (US)
• E Ink Holdings Inc. (Taiwan)
World map title will be here...
Asia Pacific dominated the market with more than 50% of the market share
During the projected period, Asia-Pacific will be the leading region, accounting for half of the market's development. The primary markets for printed electronics in APAC are South Korea (Republic of Korea), Japan, and China. The market in APAC will increase at a quicker rate than the market in other regions. The availability of low-cost products will aid the printed electronics market expansion in APAC throughout the projected period, thanks to the region's high concentration of display and electronic device manufacturers such as E-ink Holdings and AU Optronics.
Report Attributes |
Details |
---|---|
Market Size Value in 2021 | USD 9629.5 million |
Market Size Value in 2027 | USD 35,951.3 million |
Growth Rate | +17.90% |
Base Year | 2021 |
Forecast Period | 2021-2030 |
Historical Data | 2018-2020 |
Forecast Units | (USD Million) |
Countries Covered | North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE |
Segments Covered | By Printing Technology, By Resolution, By Applications, By Application, By End-User Industry, By Different Substrates Transport Techniques, By Region |