WILMINGTON, DE / ACCESSWIRE / November 1, 2022 / Transparency Market Research Inc. - In 2021, the printed flexible electronics market size stood at US$ 12.25 Bn. The global market is likely to rise at 14.2% CAGR during the forecast period, from 2022 to 2031. The printed electronics market forecast expects the market to attain valuation of US$ 45.08 Bn by 2031. The field of printed electronics is expanding quickly, and it is becoming more and more common in fields including transportation, aerospace, healthcare, and media. The use of printed electronics technology is expected to increase for a number of applications, including flexible screens, creative packaging and labels, and interactive posters and books, throughout the forecast timeline.
In the consumer electronics industry, printed displays are being used more and more for display screens, monitors, mobile devices, and wearables. Leading companies have developed printed displays as a result of rising demand for flexible and very thin screens for various applications. This technology is expected to gain traction in and significant flexible hybrid electronics market share.
The growing popularity of printed electronics is mostly due to their less expensive pricing compared to other printing techniques. In addition, printed electronics are reliable, adaptable, and affordable, which appeals to a variety of sectors. The packaging and automotive businesses are stoking the demand for printed electronics as a result of supportive government rules encouraging the use of cutting-edge technologies.
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Key Findings of Market Report
- The market for printed electronics is expected to grow as demand for large-screen displays and mobile devices rises in both emerging and developed nations. Additionally, rising investments in the creation of advanced printing materials is likely to stimulate printed electronics business.
- Exteriors, interiors, as well as powertrain applications of printed electronics in automotive industry. One of the key factors influencing the industry is the increasing customer demand for EVs and autonomous cars. As a result, increasing utilization of printed electronics in the automotive industry is anticipated to rise.
- Based on material, the printed electronics market was dominated by the ink category in 2021 with a share of 58.5%. Electricity-conducting printed materials are created using conductive inks.In light of this, it is possible to create conductive traces using conductive inks rather than copper plating and it could be a more affordable option.
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Global Printed Electronics Market: Growth Drivers
- Based on technology, in 2021 the global printed electronic market was dominated by the screen printing category, which had a 59.5% share. The printed electronics business makes use of screen printing extensively since the techniques and inks are reliable and well-established. The requirement for quicker printing, higher volume, and longer runs can be met by printers owing to screen printing.
- Depending on region, in 2021, Asia Pacific accounted for 44.6% of the global market for printed electronics. Printed electronics companies in Asia Pacific was mostly ascribed to the retail and packaging businesses, which accounted for a considerable portion of the region's overall consumption due to their extremely high demand for printed electronics. In 2021, China had a sizable portion of the Asia Pacific printed electronics market.
Global Printed Electronics Market: Key Players
Some of the key market players are
- Witte Technology GmbH
- Brückner Maschinenbau GmbH & Co. KG
- KOMURA-TECH CO., LTD
- Optomec, Inc.
- Cicor Management AG
- Nissha Co., Ltd.
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Global Printed Electronics Market: Segmentation
Material
- Substrates
- Inks
Technology
- Flexography
- Ink-jet Printing
- Screen Printing
- Offset Printing
- Others
Application
- Sensors & Switches
- Displays
- Medical Wearables
- Photovoltaic Cell
- Antennas
- Heaters
- In-Mold Electronics
- Others
Industry Vertical
- Automotive and Transportation
- Consumer Electronics
- Healthcare
- Aerospace & Defense
- Industrial
- Others
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