Enjoy complimentary customisation on priority with our Enterprise License!
The Global Printed Electronics Market size is estimated to grow by USD 47.58 billion between 2022 and 2027 accelerating at a Compound annual growth rate (CAGR) of 15% during the forecast period. These components are directly produced on a rigid, stretchable, or flexible substrate. Low-cost coating and printing processes are predominantly used instead of the traditional silicon-based processes to engineer printed electronics. They have a wide range of potential applications, including flexible displays, RFID tags, smart labels, and sensors for the Internet of Things (IoT). Additionally, printed electronics can be used to create lightweight, portable, and disposable medical devices and diagnostic tools. The growth of the market depends on several factors, including growing demand for flexible displays, rising use of NFC, and increasing demand for printed electronics in automotive and transportation. This market analysis and report includes key drivers, trends, and challenges during the forecast period.
In the dynamic world of technology, Printed Electronics has emerged as a game-changer in various industries. The Comminution, Devices, Materials, Inks, Substrates, and Flexible Electronics sectors are key players in this market. Their use in materials and inks has revolutionized the production process, making it more efficient and cost-effective. The Substrates segment provides the necessary support for these electronic components, enabling their integration into various applications. Flexible Electronics, a significant application of Printed Electronics, offers the advantage of flexibility and lightweight design. The Screening and Polymer Thin Film technologies are commonly used in the production of these electronics. The Inkjet Printing technology, a key process in the production of Printed Electronics, offers high resolution and precision. The Paper and Polymer-based materials used in Printed Electronics are Sustainable and Environmentally-friendly, making it an attractive option for businesses seeking to reduce their carbon footprint. The market is projected to grow significantly in the coming years, driven by the increasing demand for flexible and wearable electronics. (PET)
In the ever-evolving world of technology, Printed Electronics has emerged as a game-changer. This innovative technology, consisting of electronic circuits and devices printed on flexible or rigid substrates, is revolutionizing various industries. The market is projected to grow significantly due to its numerous advantages. These include cost-effectiveness, flexibility, lightweight, and ease of production. IoT and Wearable Technology are major applications driving the growth of the market. Old and traditional industries like Displays, Lighting, and Energy are also adopting this technology to enhance their product offerings. The use of Printed Electronics in Displays provides high resolution, low power consumption, and flexibility. In Energy, it offers flexible solar cells and batteries, making them ideal for portable devices. Moreover, the development of conductive inks and materials is fueling the growth of the market. Companies are investing heavily in Research and Development to improve the performance and reliability of these materials. The increasing demand for flexible and wearable devices is also expected to boost the market growth. In conclusion, the market is poised for exponential growth due to its numerous applications and advantages. The technology's flexibility, cost-effectiveness, and ease of production make it a preferred choice for various industries, including IoT, Wearable Technology, Displays, Lighting, Energy, and more. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
Growing demand for flexible display is a major driver. OLED displays offer superior image quality and wider viewing angles compared to other available technologies. LCDs and EPD-based flexible displays are also gaining popularity. Curved LCD TVs, such as SAMSUNG's SUHD series, are available in the market. Due to the high cost of large OLED displays, manufacturers are choosing LCD technology instead. Brands like SAMSUNG, Vu Technologies, Panasonic, and Mitashi produce curved LCD TVs. Some companies are exclusively focusing on EPD displays, like E Ink Holdings and Plastic. The increasing adoption of curved display smartphones and TVs will drive demand for flexible display technology. Emerging applications in automobiles, kiosks, tablets, notebooks, e-readers, and smart glasses will further boost the demand for flexible displays. LG Display, a major vendor with OLED TVs, is also targeting these applications. Overall, the demand for flexible displays is expected to drive market growth and trends.
Emerging stretchable electronics is a significant trend. Stretchable electronics, also known as elastic electronics, involve the construction of electronic circuits that can stretch and deform. These circuits can be placed on stretchable substrates or embedded within stretchable materials like silicones or polyurethanes. The adoption of stretchable electronics is expected to lead to various new applications. These include cyber skin for robotic devices, implantable electronics in a flexible form, stretchable energy storage devices, and blood glucose test strips. The healthcare industry is anticipated to drive the growth of the stretchable electronics market due to the increasing need for real-time monitoring in critical patient care, as well as health tracking in military and sports settings.
Stretchable electronics provide product designers and marketers with opportunities to differentiate their consumer electronic devices and vehicles. Brands and disruptive players are developing new and improved products to gain market share. Examples include stretchable displays, integrated sensor applications with 3D surfaces, stretchable energy storage devices, foldable displays for phones, and wearable technologies. For instance, Panasonic has introduced sensor speakers. The emergence of stretchable electronics is expected to be a significant trend that drives the growth of the market.
The challenge with encapsulation is a major concern hindering the market share. The encapsulation process for flexible OLED displays and light panels is a costly and challenging aspect of their manufacturing. This challenge applies to both flexible and rigid substrates, leading to increased manufacturing costs as production scales up. Companies like SAMSUNG and LG Display, utilizing vapor deposition techniques, face the high cost of curved OLED displays. The same challenge is expected for printed OLED displays, where encapsulation costs will be proportionate to vapor deposition. Initially, glass substrates will be predominantly used for OLED display manufacturing.
Market companies are actively exploring new substrate materials to address mass production challenges and mitigate high costs. The issue affects the entire value chain of OLED displays and lighting panels, impacting price-sensitive customers and potentially shrinking the customer base. The introduction of curved OLED TVs by SAMSUNG and LG Electronics at higher prices resulted in reduced adoption. SAMSUNG shifted its focus to quantum dot-based LED TVs, withdrawing from large-area OLED display production. In light of these challenges, companies must prioritize cost reduction in production, particularly by addressing encapsulation costs, to drive market growth. Consequently, encapsulation remains a major hurdle hindering the market during the forecast period.
In the realm of printed electronics, various technologies have emerged as key players, including screen printing, inkjet, gravure, and flexographic printing. Each method offers distinct advantages and limitations. Screen printing technology, a long-standing technique, delivers high reliability and authenticity in producing large-area, high-volume printed circuits for photovoltaic devices and solar energy applications. Its cost-effectivity is a significant advantage, especially for high-current applications. However, it may not be ideal for small, intricate patterns due to its limited accuracy. The ink segment encompasses conductive inks, such as silver, carbon, and metallic inks, as well as emerging materials like graphene ink. R2R (roll-to-roll) printing, a popular method in the industry, is employed in various technologies, including screen, gravure, offset, and flexographic printing. While each technology has its merits, screen printing requires a high initial investment cost. Moreover, screen printing technology is essential in the production of smart packaging, which relies on conductive traces for various functionalities. Despite its advantages, screen printing may not provide the same level of accuracy and precision as other printing methods, making it less suitable for intricate designs.
The market share growth by the screen segment will be significant during the forecast period. The screen printing process has been widely used in the market for many years. It is an established technology for producing high-quality, reliable printed circuits, especially suitable for large-scale and mass production. Screen printing has several advantages over other printing methods such as high throughput, high resolution, and low unit cost. Screen printing can also produce thick, highly conductive traces, making it suitable for high-current applications.
Get a glance at the market contribution of the End User segment Request Free Sample
The screen segment was valued at USD 16.39 billion in 2017 and continued to grow until 2021. Screen printing is a popular technology widely used in the market, especially for applications such as flexible displays, photovoltaics, and touch screens. Therefore, the screen segment is expected to further enhance the performance and versatility of screen printing for the market during the forecast period.
APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions Request Free Sample
The APAC region leads the global market due to the high concentration of consumer electronics manufacturers, particularly in the display and electronic device sectors. Key players include E-ink Holdings and AU Optronics. OLED display vendors are expanding capacity and employing printing techniques for mass production, fueling revenue growth. Printed electronics applications span IoT devices, smartphones, and communication devices. Technology advances include lower production costs, higher efficiency, and low power consumption. CymMetrik is a research arena for printed electronics, focusing on materials, inks, and substrates such as flexible substrates, glass, silicon, flexible foil, paper, and Polyethylene Terephthalate (PET). Applications include photovoltaic, lighting, RFID, printed batteries, sensors, medical & healthcare, media, and packaging industry. Ink materials and substrate material segments use inkjet printing and screen-printing techniques. Other devices include sensors and printed batteries.
companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Schreiner Group GmbH and Co. KG- The company offers printed electronics such as printed conductive traces, antennas, heating elements, touch sensors, and sensors.
The market trends and analysis report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
In the dynamic and innovative realm of technology, Printed Electronics has emerged as a game-changer. This sector encompasses the production of electronic components directly onto various substrates using inkjet, gravure, or screen printing techniques. The market is expanding rapidly, driven by the demand for flexible, lightweight, and cost-effective electronic devices. Old and new players alike are investing in this technology, including Materials, Inkjet Printing, and Printed Sensors & Actuators. The market is segmented into Displays, Lighting, Energy Harvesting, and RFID. Devices such as smartphones, wearables, and sensors are driving the demand. The future of this industry looks promising, with potential applications in areas like Healthcare, Automotive, and Smart Cities.
The market is witnessing remarkable growth, driven by advancements in Printed RFID devices. With a focus on low production cost, companies are investing in upgrades and improvisations to enhance efficiency and functionality. This market segment benefits from the expertise of leaders like Thin Film Electronics ASA, particularly in the ink materials and substrate material sectors. Printed electronics find applications in various industries, including display devices, where their flexibility and cost-effectiveness are highly advantageous. As demand rises, the market continues to innovate, offering solutions that combine cutting-edge technology with affordability and practicality.
The market growth analysis report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Market Scope |
|
Market Report Coverage |
Details |
Page number |
178 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15% |
Market growth 2023-2027 |
USD 47.58 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
14.0 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 48% |
Key countries |
US, South Korea, Japan, China, and UK |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Agfa Gevaert NV, BASF SE, DuPont de Nemours Inc., Dycotec Materials Ltd., Enfucell, Fujikura Co. Ltd., Henkel AG and Co. KGaA, InnovationLab GmbH, Jabil Inc., Koch Industries Inc., Nissha Co. Ltd., NovaCentrix, Optomec Inc., PrintedElectronics Ltd., Samsung Electronics Co. Ltd., Schreiner Group GmbH and Co. KG, TE Connectivity Ltd., Xerox Holdings Corp., YFY Inc., and Ynvisible Interactive Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market growth and forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.