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Global Printed Electronics Market - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
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. The increasing proliferation of smart displays and touch devices is also contributing to the positive growth of the market. Medical sensors and diagnostic devices are some of the prime application areas of printed electronics.Increasing the 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. The 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.
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Some of the major players involved in global printed electronics market are T+ink, Inc., NovaCentrix, Optomec Inc., E. I. du Pont de Nemours and Company, Thin Film Electronics ASA, Xerox Corporation, Vorbeck Materials Corporation, Inc, LEONHARD KURZ Stiftung &Co. KG, Intrinsiq Materials, Inc., Agfa-Gevaert N.V., BASF SE, Samsung Electronics Co., Ltd., and E Ink Holdings Inc.
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.
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.
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