Printed Electronics Market To Grow At A CAGR Of 19.6% From 2022 To 2031

Printed electronics is a universal method of printing that is used to design electronic devices by printing on several substrates. Printed electronics were originally associated with organic or plastic electronics that use one or more carbon-based inks. An increase in demand for wearable devices and thinner electronics is boosting the use of printed electronics to create flexible keyboards, electronic skin patches, antennas, and other products. Currently, printed electronics is a rapidly growing technology, and it is gaining popularity in various industries such as healthcare, aerospace, media, and transportation.

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The global printed electronics market is projected to grow at a decent growth rate during the forecast period, owing to a rise in the demand for printed electronics technology for several applications such as flexible screens, innovative labels and packaging, and interactive books and posters. Increasing R&D activities in developing countries to explore next generation electronics that could bring the artificial intelligence to handheld devices is driving the global market. 3D Printed electronics are likely to create new opportunities for the market players.

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Increase in Demand for Wearable Devices and Display Screens to Drive Global Printed Electronics Market

Printed displays are increasingly being utilized in the consumer electronics sector for wearable devices, monitoring devices, mobile devices, and display screens. The requirement for very thin and flexible displays for these applications has prompted leading manufacturers to develop printed displays, which are manufactured by primarily employing organic light-emitting diodes (OLED) technology. Printed electronics also require fewer input materials and less energy to operate. Furthermore, printed electronics pave the way for previously impossible flexible devices. Increasing demand for printed electronics is due to their lower price than that of other printing methods.

Furthermore, printed electronics are secure, flexible, and cost-effective, all of which make them appealing to a wide range of industries. Printed electronics contribute to the smartening of everyday objects. Printed electronics devices are influencing industries such as healthcare, aerospace, media, and transportation. The rise in demand for the design of large screen displays and mobile devices in developed as well as developing countries is a key factor that is estimated to boost the printed electronics market during the forecast period. Furthermore, growing investments in the development of advanced printing materials have fueled the printed electronics market.

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Rise in Usage of Printed Electronics in Automotive Industry to Drive Market

Printed electronics are used in the automotive industry for interiors, exteriors, and powertrains. Battery heaters and sensors, interior heaters, HMI sensors, flexible displays and lighting, in-mold electronics, and transparent heaters and antennas are all part of this category. Growing consumer preference for autonomous vehicles and EVs is one of the major factors driving the market.

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