The global printed electronics market will be driven by increasing applications of printed electronics and rapid technological advancements during the forecast period 2022-2027
Expert Market Research’s new report titled ‘Global Printed Electronics Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global printed electronics market, assessing the market based on its segments such as hardware, technology, device and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2022-2027)
- Forecast CAGR (2022-2027): 19.5%
Growing application of printed electronics to generate different devices such as displays, photovoltaics, lighting, and RFID among others is driving the market. Digital printing technology is making inroads into the printed electronics market at a much faster rate, due to its cost effectiveness and high quality professional printing in the healthcare industry. Apart from this, as the demand for more flexible, compact and energy efficient electronic products increases, the demand for printed electronics will also increase.
Industry definition and major segments
Printed electronics is a collection of printing techniques for creating electrical devices on a variety of substrates, including plastic, ceramics, and textiles. Printed electronics is an inexpensive method of applying conductive materials, varnishes, and ink systems in multiple layers to large regions of film, paper, or other substrates. They perform the operations of traditional electronics but with enhanced processing capabilities.
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By Material, the market is split into:
Based on technology, the industry can be segmented into:
Based on device, the industry can be segmented into:
Global Printed Electronics Market Regions include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Rapid advancements in printing technologies and materials science are expected to contribute significantly to the growth of the industry over the forecast period. During the projected period, the printed electronics industry is expected to grow due to the growing demand for photovoltaics in solar farms and the military and defense sector. Meanwhile, the increased need for display devices for various purposes such as advertising is likely to drive the demand for printed electronics. The growth of inventory management machines, which split large print runs into several shorter runs, is a dominant trend in the printed electronics industry. With its ability to print short runs with minimal downtime, digital printing is growing in popularity. Flexography, inkjet, gravure and screen printing are some of the printing methods used for this purpose. Flexography technology is still a proven method for a variety of materials.
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Main market players
Major market players include Molex, LLC, BASF SE, NovaCentrix, Nissha Co., Ltd., E Ink Holdings, Inc., among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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