Printed Electronics Market Expected to Reach $35,951.3 Million by 2030 | Business Intelligence Insights (BII)
Printed Electronics Market Expected to Reach $35,951.3 Million by 2030 | Business Intelligence Insights (BII)
Publisher Name : Business Intelligence Insights (BII)
Publish Date : 2022-01-27
Market Scope of Printed Electronics Market
The Printed Electronics Market was valued USD 9629.5 million in 2021 and is predicted to increase at a CAGR of 17.90% to USD 35,951.3 million by 2030. 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.
Printed electronics are electronic devices created utilizing carbon-based compound inks, inkjet printers, and flexography, gravure, and screen-printing methods on substrates such as foil, paper, glass, and fabric polymers. Wearable electronics, flexible keyboards, electronic skin patches, biosensors, display units, organic light emitting diode (OLEDs), and photovoltaic cells are some of the most often used printed electronics. Printed electronics are more environmentally friendly, lightweight, flexible, cost-effective, and have lower power requirements than traditional electronics. As a result, they're used in a wide range of industries, including aircraft, automotive, healthcare, and consumer electronics.
Key Highlights of the Report
In 2021, the segment, The RFID tags has seen an outstanding fascination across the globe inferable from its rising application in the developing bundling industry. The printed gadgets RFID are seeing weighty interest in the bundling area attributable to the exactness, legitimacy, unwavering quality, and cost-affectivity delivered. Consequently, the RFID gadget section is supposed to observe a significant development with the most elevated CAGR from 2021 to 2030.
On the basis of end-user industry, healthcare sector has profited from the latest developments in materials for printed electronics, ranging from integrated Nanoscale sensors, electronics, and microfluidics, to sophisticated synthetics. Moreover, innovations and high adoption among the consumers have led to the development of even more stretchable, flexible, and conformal biosensors for use in medical monitoring, diagnostics, and drug delivery.
Asia Pacific Region is expected to have the greatest share of the global printed electronics market by 2030. During the projected period, the APAC market is expected to develop at the fastest CAGR due to electronic devices and components are manufactured in the APAC region. The expansion of the printed electronics market in APAC can be ascribed to large-scale electronic component manufacture and rising spending in printed electronics-related R&D in the area. China, Japan, South Korea, and Australia are all key contributors to the APAC printed electronics market's expansion. The printed electronics market in this region is growing due to factors such as greater acceptance of novel technologies and increased popularity of advanced consumer electronics.
The report contains qualitative and quantitative research on the Printed Electronics Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
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)