Roll-to-Roll Printing Market -2024 Global Key Vendors KONICA MINOLTA, INC., Sumitomo Electric, 3M, LG Display, Samsung Electronics, Avery Dennison
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Roll-to-Roll Printing Market may reach USD 27.1 billion from 2016 to 2024, growing at a CAGR of 14%. Continued demand for flexible devices in the electronics industry and increased application areas owing to improved technical features may spur the roll-to-roll printing market. The increased demand from flexible devices, such as sensors, electronics, medical, optoelectronics, and photovoltaic, may enhance industry growth. The increased penetration of small-sized, durable, portable, and wearable products may catalyze the demand.
The roll-to-roll printing market offers benefits such as high line speed, low manufacturing cost, and continuity in the process. Increased application areas owing to improved technical features offer emerging opportunities for the business growth. R2R printing in contrast with conventional systems offers flexible, cost-effective, light, and efficient solutions.
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Flexible devices, material and technology are key segmentation. Flexible devices consist of substrate selections, film depositions, curing, assembling & cutting, and testing & packaging. Technology includes gravure, offset lithography, flexography, inkjet and screen printing. Material includes substrate & inks. Gravure, Offset, and flexography are frequently used that have an advantage of high-speed processing to achieve medium resolutions and high productivity. Inkjet is expected to dominate the segment owing to benefits such as non-contact printing.
Key applications are fuel cells, battery products & technology, flexible electronics, photovoltaics, and membrane. End users are consumer electronics, commercial, industrial, medical, aerospace, defense, and automotive. Flexible electronics accounted for majority of revenue in 2015 owing to huge demand from commercial and industrial sector.
Roll-to-roll printing market share is divided among suppliers, product manufacturers, assemblers, distributors, and service providers. Major participants include Konica Minolta Incorporation, Sumitomo Electric Industries, GSI Technologies LLC, 3M Company, LG Display Co, Thinfilm, Linxens, Multek Corporation, E Ink Holdings, Fujikura Ltd., Nippon Mektron Ltd., Samsung Electronics, GSI technologies, Kent Displays, LG Displays, Emfit, Ascent Solar Technologies, E Ink Corporations, and Avery Dennison.
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For instance, Konica launched Labelexpo digital label press system for mid-label printing market. In order to gain competitive advantage, the players have to conquer the digital world and eventually the printing business. Centre for Process Innovations (CPI) introduced a new roll-to-roll slot/screen printing and encapsulation capability. This new addition will lower additional engineering cost. For instance, Johnson Electric Motors acquired Stack Pole International supplier of engine & transmission pumps and Samsung Electronics acquired Loop Pay.
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