Global Printed Electronics Market | What Is The Estimated Market Size In The Upcoming Years? | Major Key Players - E Ink Holdings Inc., Ynvisible Interactive Inc., Thin Film Electronics ASA, Nissha Co. Ltd., Xerox Corporation, Agfa-Gevaert N.V., DuPont de

Valued at $35.7 billion in 2019, the global printed electronics market is predicted to generate a revenue of $363.1 billion in 2030, advancing at a 22.4% CAGR during the forecast period (2020-2030).

In terms of component, the printer category accounted for the larger share of the market in 2019. This is due to the increasing requirement for inkjet and screen printers for photovoltaic (PV) and display in different countries, in different countries, such as Brazil, the U.S., China, the U.A.E., and Germany.

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The faster growth is expected to be witnessed by the material category during the forecast period in the printed electronics market. This is ascribed to the increasing usage of inks and substrates for the fabrication of printed electronic circuits, which are further utilized in various applications, such as PVs and displays.

When end user is taken into consideration, the highest revenue in 2019 was contributed to the printed electronics market by the automotive & transportation category, owing to the rising usage of the internet of things (IoT) technology in the sector.

High bandwidth for supporting multiple connections, extensive data processing capabilities, and remote sensing technology are needed for the deployment of IoT for collecting data from connected devices.

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The printed electronic market is witnessing considerable growth due to the rising usage for rigid electronic products in different applications. Consumer electronics such as laptops, flat-screen TVs, audio keyboards, and others are generally integrated with rigid printed circuit boards instead of flexible PCBs.

Geographically, the Asia-Pacific region is projected to register the fastest growth during the forecast period in the printed electronics market. The market in the region is being driven by the rising demand for consumer electronics in countries such as Australia, China, South Korea, Japan, and India.

A key trend being observed in the printed electronics market is the shift from conventional to digital printing. Due to the surging environmental concerns, the adoption for digital printing has increased in the recent years.

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Traditional printing involves the usage of volatile organic compound-based products, including paint strippers and aerosol sprays, and heavy metals, including chromium, cadmium, lead, and mercury, which pollute the water and soil when they reach landfills. Digital printing however involves the usage of mild solvents and less-harmful chemicals than those utilized in conventional printing technologies.

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https://www.psmarketresearch.com/market-analysis/3d-printing-market

Flexible Display Market :
https://www.psmarketresearch.com/market-analysis/flexible-display-market

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This release was published on openPR.