Printed Electronics Market – Asia Pacific to Remain Frontrunner in Global Market

The competitive landscape of the global printed electronics market is fairly fragmented due to the increasing preference of the established players towards making strategic business decisions such as mergers, takeovers, partnerships, and joint ventures. These decisions allow them to acquire better share in the global market for printed electronics and helps in intensifying the overall competition in the market. The players operating in the global printed electronics market are also tackling to gain advantage in the market by deploying cutting edge technologies and heavily investing in the activities of research and development so as to have better and innovative products for their clients. Some of the key players in the global market for printed electronics include names such as Intrinsiq Materials, Optomec Inc., Xerox Corporation, Thin Film Electronics ASA, and Samsung Electronics Co. Ltd. among others.

According to the study report, the global market for printed electronics is expected to reach an overall valuation of US$65.0 bn in the year 2024 from the initial market valuation of US$25.4 bn in the year 2015. The growth rate of the global printed electronics market is expected show a strong CAGR of 11.0% over the course of the given forecast period of 2016 to 2024.

In terms of geography, the Asia Pacific market for printed electronics is expected to continue its domination over the forecast period. The region accounted for nearly 36% of the overall market share in the year 2015, with maximum contribution coming from countries such as India, China, and Japan. In terms of applications, the segment of retail and packaging is projected to continue its domination and expected to cover 34.5% of overall market share by the end of the given period of forecast in 2024. The huge demand for smart packaging is also anticipated to aid the overall development of this segment. In addition to this, the advancements in technology and the newer methods of packaging are also helping in developing the retail and packaging application segment of the global printed electronics market.

Increasing Use of Organic Materials to Drive Market Growth

The development of the global market for printed electronics is expected to be chiefly driven due to the increasing uptake of the organic materials for producing printed electronics. These are also responsible for the low price printing of adaptive or flexible displays. The increasing pressure to cut down the excessive use of energy, reduce the wastage of material, and decrease the negative effect on the nature has also helped in propelling the market players to use more organic materials for manufacturing printed electronics. This, thus expected to drive the overall development of the global market over the coming years of the forecast period. The usage of coated paper for printed electronics is increasing as well as gaining high popularity. All these factors are expected to propel the overall growth of the global printed electronics market. The new trend of minimum consumption of material and high speed assemblage is expected to have a positive impact on the global market.

High Production Cost and Dearth of Organic Materials to Impede Market Growth of Printed Electronics

However, there are some challenges in the path of the global printed electronics market. One of the key impeding factors for the growth of the global market for printed electronics is the dearth of organic materials in the market. Moreover, the growing production cost is also slowing down the growth of the market. Nonetheless, the players in the market are investing heavily on research and development activities for the use of organic materials.

Global Printed Electronics Market – Analysis and Industry Forecast 2022

In 2016, the Global Printed Electronics Market size was million USD, and it will be million USD in 2022, with a CAGR of between 2016 and 2022.

This report studies Printed Electronics in Global market, especially in United States, Canada, Mexico, Germany, France, UK, Italy, Russia, China, Japan, India, Korea, Southeast Asia, Australia, Brazil, Middle East and Africa, focuses on the top Players in each country, covering

Thin Film Electronics ASA (Norway)
– GSI Technologies,LLC (U.S.)
– PARC,Inc. (U.S.)
– BASF SE (Germany)
– E.I. DuPont de Nemours & Co. (U.S.)
– NovaCentrix (U.S.)
– Enfucell OY (Finland)
– Molex,Inc. (U.S.)
– E Ink Holdings Inc. (China)
-YD Ynvisible S.A. (Portugal)
– T-ink,Inc. (U.S.).

Market Segment by Countries, this report splits Global into several key Countries, like

– United States
– Canada
– Mexico
-Germany
– France
– UK
– Italy
– Russia
– China
– Japan
– India
– Korea
– Southeast Asia
– Australia
– Brazil
– Middle East
– Africa

Split by Product Types, with sales, revenue, price, market share of each type, can be divided into

– Ink
– Substrate

Split by applications, this report focuses on sales, market share and growth rate of Printed Electronics in each application, can be divided into

– Sensors
– Displays
-Batteries
– RFID
– Lighting
– Photovoltaic

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Bharat Book is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.

Global Printed Electronics Market- Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

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Printed Electronics Market: Providing Continuous Flexibility and Fabrication of Electronic Devices

Printed electronics is a set of printing techniques applied to produce electrical devices on different substrates. Screen printing, gravure, flexography, offset lithography, and inkjet printing are some of the major printing techniques used for defining patterns on substrates or materials. The printed electronics market is expected to gain steady growth in the foreseeable future, due to the commercialization of printed devices in various industries such as healthcare, automotive, consumer electronics, and media. Increasing proliferation of smart displays and touch devices is also contributing towards positive growth of the market. Medical sensors and diagnostic devices are some of the prime application areas of the printed electronics. Increasing application of printed batteries in different medical devices is also considered as one of the drivers for the market. Adoption of printed batteries as they are stretchable, rechargeable and flexible is another major ongoing trend in the printed electronics market. Growing application of printing technologies in memory, logic energy storage devices, mobile chips and printed circuit boards is expected to act as a major driver for the market over the forecast period.

The global printed electronics market is estimated to be valued at US$ 4,771.9 million in 2017 and is expected to witness a CAGR of 21.3% during the forecast period (2017 – 2025).

The growing application of flexible and touch displays drives growth of printed electronics market

Printed materials for smart fabrics as well as wearable electronics, which includes, communication, health monitoring, and OLED displays is another major driver for the market. Light weight, ultra-thin, bendable, shatter-proof energy efficient and portability are some of the major attributes of the flexible displays. Growing usage of printed electronics in memory or logic and in different sensors is one of the major growth driving factors for the market. Also, development of portable and miniaturized electronic devices is also increasing adoption of printed electronics in different industries globally. The market in Asia Pacific is expected to gain major traction over the forecast period, mainly due to increasing application of printed electronics in different industries in China and Japan. However, technological complexities and issues with electricity conductivity with some substrates or materials may inhibit the growth of the market. However, growing application of printing technologies in the energy storage devices, photovoltaic cells are expected to act as a major drivers for the market over the forecast period.

Growing application of OLED displays and smart labels is a prominent factor to fuel growth of the printed electronics market

Increasing adoption of printed electronics in the photovoltaic cells in order to convert solar energy into electricity along with growing application of conductive inks are some of the prime driving factors for the market. Printed electronics increases the electronic functionality of substrates than conventional rigid electronic fabrication techniques. While conventional electronics are used in packaging and print, integrating large-scale printable electronics primarily offers lightweight and thin electronics using high-volume manufacturing processes in cost effective way. Product innovation through research is one of prime strategies adopted by the key players operating in the printed electronics market to strengthen their positions globally. Growing application of printed sensors, batteries and other portable devices are anticipated to fuel the market for printed electronics over the forecast period globally. Moreover, growing usage of printed electronic devices in the healthcare industry is also contributing in the positive development of the market. Asia Pacific is leading the market for printed electronics, followed by North America due to increasing demand for the smart devices and displays. Owing to rapid progression of electronic products which includes RFID, membrane switches, electronic labels and printed displays are anticipated to contribute in the positive development of the market over the forecast period.

Printed Electronics Market: Clear Understanding of The Competitive Landscape and Key Product Segments

The global printed electronics market is moderately fragmented, with leading players focusing on mergers and acquisition as their strategic business alliances are helping them to acquire greater share in the market and making them formidable competition for others. The players within the printed electronics market are also fighting to gain leadership in the market by implementing the latest technologies and investing in research and development for coming up with product innovations for customers. Samsung Electronics Co., Ltd., Thin Film Electronics ASA, Xerox Corporation, Optomec Inc., and Intrinsiq Materials, Inc. are some of the leading players within the global printed electronics market.

According to the research report, the global printed electronics market will rise from US$25.4 bn in 2015 to reach US$65.0 bn by the end of 2024. At this pace, the market is expected to exhibit a strong CAGR of 11.0% between the forecast period of 2016 and 2024. By geography, it is estimated that Asia Pacific will continue to lead in the printed electronics market. The region held a 36% share in 2015, with most contribution from Japan, China, and India.

On the basis of application, the retail and packaging segment is leading in the market on account of the growing dynamic perceptions of packaging and growth in the retail sector. The retail and packaging segment is anticipated to account for a share of 34.5% by 2024. The high demand for smart packaging will also help boost the growth of this segment. Moreover, technological improvements and innovative methods of packaging are also behind the growth of the retail and packaging application segment.

According to the lead author of this report, “the global printed electronics market is driven by high adoption of organic materials for making printed electronics, which is responsible for the low cost printing of flexible displays.” The growing pressure to reduce consumption of energy, decrease material wastage, and reduce the negative impact on the environment has also compelled many market players to make use of organic materials for printed electronics, thereby increasing the uptake of the same.

The use of coated papers for printed electronics is also increasing and becoming popular. All these factors will boost the growth of the global printed electronics market. “The trend of minimal material consumption and high-speed fabrication will positively influence the growth of this market” said a TMR analyst.

The global printed electronics market is also facing a few challenges, which have restrained its growth from reaching its fullest potential. One of the key restraining factors for the growth of the global printed electronics market is the lack of availability of organic materials.

Ironically, the market’s strongest growth factor is the use of organic materials. Market players are investing extensively on research and development for using organic compounds. This in turn is increasing the cost of production. Thus, high production cost and low availability of organic materials are two important factors that are threatening the growth of the global printed electronics market. 

Printed Electronics Market | Evolving Technology, Trends and industry Analysis

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Global Printed Electronics Market: Snapshot

The growing demand for smart labels, flexible displays, active clothing, animated and decorative posters is expected to boost the growth of the global printed electronics market. The global printed electronics market is estimated to benefit from emerging trend of minimal material consumption and high-speed fabrication. Collectively, these factors have brought down the processing costs, which, in turn, has had a positive effect on the global printed electronics market. The research report states that the global market will be worth US$65.0 bn by the end of 2024 as compared to US$25.4 bn in 2015. During the forecast period of 2016 and 2024, the global market will progress at a CAGR of 11.0%. The increasing usage of nano imprint lithography technology is also anticipated to boost the global market in the coming years.

In terms of application, the global market is segmented into automotive, retail and packaging, electronics, and display among others. The report indicates that the retail and packaging segment held a dominant share in the global market in 2015, which was closely followed by automotive and electronics. The growing demand for smart packaging is expected to have a positive impact on the global market in the coming years. The other factors anticipated to support to the rise of the retail and packaging segment are increasing expenditure on consumer goods, technological advancements, and the emergence of the retail sector. Analysts anticipate that the technological advancements will augment the uptake of printed electronics in various industrial verticals such as packaging, automotive, electronic device manufacturing, and logistics during the forecast period.

Asia Pacific to Remain Frontrunner in Global Market

In terms of geography, the global printed electronics market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Out of all these regions, Asia Pacific is expected to lead the global market in terms of revenue. North America will follow suit in the coming years. The emerging economies of India, China, and Japan will be the major contributors to the regional market in the coming years. Technological advancements are expected to improve the applications of printed electronics as in areas such as e-paper displays, electroluminescent displays, and Organic Light Emitting Diode (OLED) among others. The report indicates that China and Japan will lead the regional market, while India and South Korea will follow the lead.

Screen Printing to Lead the Pack as it Remains Most Popular Form of Printing

By technology, the printed electronics market is divided into flexography, gravure printing, screen printing and ink-jet printing among others. As of 2015, the screen printing segment held a significant share in the global market. The other key segments of the global market are flexography and ink-jet printing. The extensive usage of screen printing technology across various industrial verticals such as printed electronics, thick film technology, circuit board printing, displays, and product labels among others. Analysts anticipate that the flexography segment will gain momentum in the coming years as this technology allows excellent printing quality on materials such as acetate film, plastic, foil, brown paper, and other materials that are used for packaging.

The key operating players in the global printed electronics market are Thin Film Electronics ASA, T+ink, Inc., NovaCentrix, Optomec Inc., Xerox Corporation, E. I. du Pont de Nemours and Company, Vorbeck Materials Corporation, Inc., Intrinsiq Materials, Inc., Agfa-Gevaert N.V., LEONHARD KURZ Stiftung &Co. KG, BASF SE, E Ink Holdings Inc., and Samsung Electronics Co., Ltd. among others.

Peeyush Kinkar is a Digital Marketer by professional and he has a great experience in blogging, content writing and SEO.