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Printed Electronics Market Size, Share, Trends, Growth And Global Forecast 2023-2032
Printed Electronics Market Report
The Business Research Company's Printed Electronics Global Market Report 2023 identifies the increase in demand from the automobile industry as the major driver for the printed electronics market's growth in the forecast period. The production of automobiles utilizes printed electronic devices such as tailing sensors, elements for heating, Organic light-emitting diode lights (OLED), and Organic solar cells (OPV) in daily production and assembling activities. Therefore the increase in automobile production is expected to boost the utilization of printed electronics.
The global printed electronics market size grew from $9.67 billion in 2022 to $11.75 billion in 2023 at a compound annual growth rate (CAGR) of 21.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The printed electronics market size is expected to grow to $24.39 billion in 2027 at a CAGR of 20.0%.
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Major competitors in the printed electronics market are Molex, LLC, Agfa-Gevaert Group, Palo Alto Research Center Incorporated (PARC), DuPont de Nemours, Inc., Nissha Co., Ltd., BASF, NovaCentrix, E Ink Holdings Inc., Thin Film Electronics ASA, Enfucell Flexible Electronics Ltd., GSI Technologies Inc., Printed Electronics Ltd., InnovationLab GmbH, Elantas, and QUAD Industries.
A key trend in the printed electronics market includes strategic partnerships and collaborations. Major companies operating in the printed electronics equipment market are focused on strategic partnerships to expand their product development activities, venture in new regions and meet their customer demands. For Instance, in October 2020, Notion Systems GmbH a Germany-based manufacturer of industrial inkjet systems partnered with PV Nano Cell Ltd. an Israel-based solution provider for printed electronics for digital additive manufacturing of printed electronics. Through the partnership, the companies will exchange data to optimize the overall performance of printing. Furthermore, in February 2021, Henkel Adhesive Technologies, a Germany-based chemical, and consumer goods company announced a partnership with Quad Industries, a Belgium-based solutions provider and manufacturing of customized printed electronics for technological value creation. This partnership hopes to share technology for designing creating, prototyping, and manufacturing of printed electronics.
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The printed electronics market is segmented -
•By Technology: Inkjet, Screen, Gravure, Flexographic
•By Material: Ink, Substrate
•By Application: Displays, RFID Tags, Batteries, Photovoltaic Cells, Lighting, Other Applications
•By End-Use Industry: Automotive & Transportation, Healthcare, Consumer Electronics, Aerospace & Defense, Construction & Architecture, Retail & Packaging, Other End User Industries
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the printed electronics market.
The Business Research Company's "Global Printed Electronics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Printed Electronics Market Include:
1. Executive Summary
2. Printed Electronics Market Characteristics
3. Printed Electronics Market Trends And Strategies
4. Printed Electronics Market - Macro Economic Scenario
5. Printed Electronics Market Size And Growth
……
26. Africa Printed Electronics Market
27. Printed Electronics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Printed Electronics Market
29. Printed Electronics Market Future Outlook and Potential Analysis
30. Appendix
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