Global Printed Sensor Market 2016-2020
Market outlook of the global printed sensor market
Technavio’s market research analyst predicts the global printed sensor market to grow moderately at a CAGR of more than 3% by 2020. The global market for printed sensors will have a positive outlook owing to its advantages, such as availability of low-cost, flexible substrates, over conventional silicon technology. Moreover, the ability of printed sensors to fit various shapes of electronic devices and miniature electronic devices will result in the growth of the market during the forecast period.
The eco-friendly nature of printed sensors is the key driver for the growth of this market. Printed electronics products like printed sensors use printing technologies on flexible substrates, such as paper, plastics, or foils, instead of silicon or other metal oxides, which are used to manufacture conventional sensors. This eco-friendly nature of printed sensors ensures a high level of safety for users and eliminates any health risks, which in turn results in its increased adoption during the forecast period.
Product-based segmentation of the printed sensor market
- Capacitive sensors
- Gas sensors
- Humidity sensors
- Piezo-resistive sensors
- Photodetector sensors
- Temperature sensors
- Piezoelectric sensors
The biosensors segment currently dominates the market and is estimated to grow at a rate of close to 1% by 2020. The easy integration of these devices in portable medical devices and fitness bands is a major factor that fuels the demand for biosensors during the estimated period.
Geographical segmentation of the printed sensor market
Europe accounted for nearly 47% of the total market share in 2015 and is expected to grow at a CAGR of nearly 1% during the forecast period. The government’s increasing support for the development and promotion of this green technology and the high technological competence of the companies in this region are the two significant factors that foster market growth in this region during the forecast period.
Competitive landscape and key vendors
The printed sensors market is niche and is primarily dominated by a few leading vendors and some well-diversified vendors. The emergence of new-generation wearable tech and skin-conformal devices will propel the market growth in the coming years. In this market, the vendor forms partnerships or collaborations with other companies to improve their product offerings.
The leading vendors in the market are -
- GSI Technologies
- KWJ Engineering (SPEC Sensors)
- Thin Film Electronics
Other prominent vendors in the market include Acreo, BeBop, Interlink Electronics, Meggitt, Plastic Electronic, PST Sensors, Synkera, Tekscan, T+Ink.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the printed sensor market?
- What are the key market trends impacting the growth of the printed sensor market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global printed sensor market?
- Trending factors influencing the market shares of the Americas, APAC, and Europe
- What are the key outcomes of the five forces analysis of the printed sensor market?
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