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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.
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.
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.
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 -
Other prominent vendors in the market include Acreo, BeBop, Interlink Electronics, Meggitt, Plastic Electronic, PST Sensors, Synkera, Tekscan, T+Ink.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Technology landscape
PART 06: Market landscape
PART 07: Market segmentation by type
PART 08: Market segmentation by geography
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Key recommendations for vendors and investors
PART 17: List of abbreviations
PART 18: Explore Technavio
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