Category

Printed Electronics Market - Forecasts From 2018 To 2023

114 pages
Published on : May 2019
Report Code : KSI061610236

Description

Global Printed Electronics Market is expected to grow at a CAGR of 24.07% to total US$28.490 billion by 2022, increasing from US$9.692 billion in 2017. Printed electronics refers to the technologies to print electronic components and electronic devices on various substrates. It is required for applications such as displays, industrial applications including RFID, batteries, packaging and consumer applications, sensor and lighting. The major factors propelling the growth of the market are the cost advantage in the fabrication of roll-to-roll printing and flexible printed electronics for the packaging industry. Moreover Printed electronics help reduce environmental impact, energy consumption, and material wastage. However, the major restraining factor is with regards to process integration, manufacturability, and stability. Other major technologies that pose challenge the printed electronics market include vacuum deposition, photolithography, and pick-and-place technologies.

By Technology

By technology segment, Screen printing accounted for the significant share in 2016 and is expected to grow at a decent rate. Screen printing has numerous advantages over other printing technologies such as durability, versatility, speed, and affordability. These advantages enhance the adoption of screen printing technology by industries. 

By Application

By application segment, lighting is expected to grow at a high CAGR. The major factors behind this growth are penetration of LEDs coupled with the adoption of smart lighting across industries. The developing energy infrastructure and government support further contribute to the market growth significantly. Growing sensor market owing to recent advances in technology and decline in the cost of smartphones, diagnostic devices, and others is expected to boost sensor segment of printed electronics market in years ahead. 

By Material

Substrates market is expected to grow at a higher rate over the projected period. The ongoing research and development activities in this area coupled with its expanding applications drive the substrates segment growth. 

By Geography

Asia Pacific accounted for the biggest share of the printed electronics market in 2016 and is expected to grow at a healthy CAGR over the projected period. APAC is home to many electronics manufacturing companies that mainly reside in rapidly developing economies like China, South Korea, and Japan. Moreover, factors like rapid industrialization and supportive government regulations such as FDI, trade agreements will significantly contribute to the printed electronics market growth over the forecast period. 

Competitive Insight

The global market for printed electronics has several local, regional and international players. In order to be ahead of the competition, the vendors are increasingly focusing on industry integration. The vendors are also focusing on product innovation and extension. The supportive government policies for new entrant and low exit barriers is expected to attract new player while enhancing the competitive rivalry in years ahead. The international players are expected to expand their market shares with the acquisition of local vendors over the projected period.  

Segmentation

Printed Electronic market has been segmented by technology, applications, materials, and geography.  

By Technology

Inkjet Printing

Flexographic Printing

Screen Printing

Gravure Printing

Others

 

By Application

Industrial Applications

Displays

Lighting

Sensors

Others

 

By Material

Substrates

Inks

 

By Geography

Americas

North America

U.S.

Canada

Mexico

Others

 

South America

Brazil

Argentina

Others

 

Europe Middle East and Africa

Europe

UK

Germany

France

Others

 

MEA

Saudi Arabia

Israel

Others

 

Asia Pacific

Japan

China

India

Australia

Others

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