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The printed electronics market size is forecast to increase by USD 68.67 billion at a CAGR of 17.92% between 2023 and 2028. Market expansion hinges on various factors such as increasing demand for flexible displays, expanding utilization of NFC technology, and growing interest in printed electronics within the automotive and transportation sectors. These elements collectively drive market growth, reflecting broader trends toward advanced and adaptable electronic solutions. The rising popularity of flexible displays underscores a shift towards more versatile and user-friendly electronic devices. Simultaneously, the widespread adoption of NFC enhances connectivity and facilitates seamless interactions across diverse applications. Moreover, the automotive and transportation industries' escalating interest in printed electronics signifies a move towards integrating innovative technologies for enhanced functionality and efficiency. Together, these trends indicate a robust outlook for the market, propelled by ongoing technological advancements and evolving consumer preferences toward more efficient, interconnected, and integrated electronic solutions across various sectors.
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.
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.
Further, 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 of 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.
Moreover, itretchable 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.
In addition, 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.
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The screen segment was valued at USD 18.56 billion in 2018. 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.
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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 the 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 market growth and forecasting 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.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
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., Printed Electronics Ltd., Samsung Electronics Co. Ltd., Schreiner Group GmbH and Co. KG, TE Connectivity Ltd., Xerox Holdings Corp., YFY Inc., and Ynvisible Interactive Inc
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.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Flexible Electronics Market: Flexible Electronics Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, South Korea, Japan, China, UK - Size and Forecast
Roll to Roll Flexible Electronics Market: Roll to Roll Flexible Electronics Market by End-user and Geography - Forecast and Analysis
Electronics Manufacturing Services (EMS) Market: Electronics Manufacturing Services (EMS) Market Analysis APAC, North America, Europe, South America, Middle East and Africa - China, US, Taiwan, Japan, Germany - Size and Forecast
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.
Market Scope |
|
Report Coverage |
Details |
Page number |
183 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 17.92% |
Market growth 2024-2028 |
USD 68.67 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
15.18 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 48% |
Key countries |
South Korea, Japan, China, US, 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., Printed Electronics 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 Forecasting, 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 market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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