Printed Electronics Market Attract Prominent Business Prospects with Rising Adoption of Wearable Devices, States TMR Analysis
Friday, June 10, 2022
-- The global printed electronics market is expected to be valued at US$
51.95 Bn by 2031
-- The expansion of packaging and retail industries in Asia Pacific is
bolstering the growth in printed electronics market
ALBANY, N.Y., June 2, 2022 /PRNewswire/ -- The global printed electronics market is estimated to register growth at a CAGR of 19.6% during the forecast period from 2022 to 2031, as per an assessment by Transparency Market Research (TMR).
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The rising trend of using wearable devices and thinner electronics is resulting into a surge in the printed electronics applications in order to develop electronic skin patches, flexible keyboards, and antennas. Moreover, the technology is being increasingly utilized in applications such as innovative labels and packaging, interactive books and posters, and flexible screens. This wide range of applications is expected to generate profitable prospects in the global printed electronics market.
Several emerging economies around the world are increasing R&Ds in order to develop advanced electronics that can help in incorporation of the artificial intelligence in varied handheld devices. This factor is anticipated to boost the growth in the printed electronics market.
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Printed Electronics Market: Key Findings
-- Printed electronics are being utilized across a wide range of industries
owing to their different advantages including simple manufacturing
process, minimum production cost, and facilitating extensive creation of
non-traditional functional electronic devices. Hence, rise in the
adoption of this technology across electronics and automotive industries
is prognosticated to generate promising business opportunities in the
printed electronics market during the forecast period.
-- In the automotive industry, printed electronics are being used for
varied purposes such as exteriors, powertrains, and interiors. Some of
the key parts of this category include interior heaters, battery heaters
and sensors, flexible displays and lighting, HMI sensors, transparent
heaters and antennas, and in-mold electronics. Consumers across the
globe are inclining toward the use of EVs and autonomous vehicles. This
trend is prognosticated to fuel the sales growth in the global printed
electronics market.
-- Top printed electronics companies are increasing the study of current
trends in the electronics sector including the miniaturization,
utilization of next-gen materials, and organic electronics. Furthermore,
several enterprises operating in the global printed electronics market
are focusing on the development of top emerging printed electronics
solutions. Such initiatives are fueling the printed electronics market
expansion.
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Printed Electronics Market: Growth Boosters
-- Rising adoption of printed electronics technology across a wide range of
industries including aerospace, healthcare, transportation, and media is
bolstering the market growth
-- Surge in the popularity of 3D printed electronics globally is foreseen
to revenue-generation opportunities for printed electronics suppliers in
the forthcoming years
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Printed Electronics Market: Regional Analysis
-- Asia Pacific is one of the prominent regions in the printed electronics
market that is projected to expand notably during the forecast period.
The regional market growth is ascribed to rise in the use of printed
electronics in the packaging and retail industries of Asia Pacific.
-- The printed electronics market in Europe and North America is expected
to gain sizable business opportunities in the forthcoming years owing to
the presence of notable consumer base of printed electronics in these
regions. Furthermore, rise in the adoption of printed electronics in
solar cell and automotive applications in North America is fueling
growth opportunities for printed electronics startups in the United
States.
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Printed Electronics Market: Key Players
Some of the key players profiled in the report are:
-- T+ink, Inc.
-- Thin Film Electronics ASA
-- Optomec Inc.
-- NovaCentrix
-- E. I. du Pont de Nemours and Company
-- Xerox Corporation
-- Intrinsiq Materials, Inc.
-- Vorbeck Materials Corporation, Inc.
-- LEONHARD KURZ Stiftung &Co. KG
-- Agfa-Gevaert N.V., E Ink Holdings Inc.,
-- Samsung Electronics Co., Ltd.
-- BASF SE
Printed Electronics Market Segmentation
Material
-- Substances
-- Organic materials
-- Polymers
-- Papers
-- Others
-- Inorganic Materials
-- Silicon
-- Glass
-- Others
-- Inks
-- Dielectric Inks
-- Conductive Inks
-- Others
Technology
-- Flexography
-- Ink-jet Printing
-- Gravure Printing
-- Screen Printing
-- Others
Application
-- Automotive
-- Retail and Packaging
-- Electronics
-- Solar Cell
-- Display
-- Others
Regions
-- North America
-- South America
-- Europe
-- Asia Pacific
-- Middle East & Africa
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eFuse Market - The global eFuse market is estimated to reach the value of US$ 3.3 Bn by 2031, expanding at a CAGR of 3.5% during the forecast period
About Transparency Market Research
Transparency Market Research is a global market research report company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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SOURCE Transparency Market Research
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