Market Research Report
Printed Electronics Market by Printing Technology (Screen, Inkjet, Gravure, Flexographic), Application (Displays, Sensors, Batteries, RFID, Lighting), Material (Inks, Substrates), End-Use Industry, and Geography - Global Forecast to 2024
|Published by||MarketsandMarkets||Product code||303596|
|Published||Content info||203 Pages
Delivery time: 1-2 business days
|Printed Electronics Market by Printing Technology (Screen, Inkjet, Gravure, Flexographic), Application (Displays, Sensors, Batteries, RFID, Lighting), Material (Inks, Substrates), End-Use Industry, and Geography - Global Forecast to 2024|
|Published: December 18, 2019||Content info: 203 Pages||
"The printed electronics market is projected to grow at a CAGR of 15.1% from 2019 to 2024."
The printed electronics market is projected to grow from USD 9.8 billion in 2019 to USD 19.8 billion by 2024; it is expected to grow at a CAGR of 15.1% from 2019 to 2024. The growth of the market is mainly driven by the increased use of printed electronics for the development of smart and connected devices, rise in the global demand for energy-efficient, thin, and flexible consumer electronics, high demand for new generation flexible printed electronics, and significant cost advantages offered by printed electronics. However, the knowledge gap among different disciplines involved in the development of printed electronics is expected to inhibit the growth of the printed electronics market.
The growth of the screen printing technology segment of the market can be attributed to the increased use of screen printing technology for manufacturing displays and sensors. Screen printing is the most commonly used technology for manufacturing displays of commercialized devices such as smartphones and laptops; this technology is also used to develop sensors and photovoltaic (PV) cells by enabling precise printing of thin and thick lines on substrates.
Among applications, the lighting segment is projected to grow significantly during the forecast period owing to increase in the use of printed electronics-based lighting solutions in automobiles and home appliances. Rise in demand for economical, customized, and energy-efficient lighting solutions is also fueling the growth of the market globally. Lighting solutions based on printed electronics are rapidly replacing costly tungsten, halogen, and fluorescent lamps.
There are wide application areas of devices and components based on printed electronics. These printed electronics based devices and components such as sensors and displays can be integrated with vehicles. For instance, there has been an increasing demand for flexible lighting solutions for use in automobiles by the prominent automotive manufacturers such as Ford, General Motors, Nissan, Toyota, BMW, and Audi across the world. The incorporation of sensors or dimming elements in lighting devices and OLED displays, as well as the use of conductive elements in seats and windows of automobiles for heating and defogging, are the key applications of printed electronics in the automotive end-use industry.
Samsung Electronics Co., Ltd. (Samsung) (South Korea), LG Electronics Inc. (LG) (South Korea), Palo Alto Research Center Incorporated (PARC) (US), Agfa-Gevaert Group (Agfa-Gevaert) (Belgium), Molex LLC (Molex) (US), Nissha Co., Ltd. (Nissha USA) (US), DuPont de Nemours, Inc. (DuPont) (US), BASF SE (BASF) (Germany), NCC Nano, LLC (NovaCentrix) (US), E Ink Holdings (US), and Ynvisible Interactive Inc. (Ynvisible Interactive) (Portugal) are the prominent players in the printed electronics market.
The printed electronics market has been segmented based on printing technology, application, material, end-use industry, and region. It also provides a detailed view of the market across 4 main regions: the Americas, Europe, APAC, and RoW.
(Business Overview, Products & Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
Details on Business Overview, Products & Services Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.