Press release
Printed Electronics Market 2024 -2033: Global Outlook, Industry Share, Business Growth And Major Players | LG Display Co. Ltd., Samsung Electronics Co. Ltd., Molex LLC, Agfa-Gevaert Group, Palo Alto Research Center Incorporated.
Printed Electronics Market
The Business Research Company presents an extensive market research report on the Printed Electronics Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The printed electronics market size has grown rapidly in recent years. It will grow from $11.36 billion in 2023 to $13.54 billion in 2024 at a compound annual growth rate (CAGR) of 19.2%. The growth in the historic period can be attributed to consumer electronics demand, medical device applications, growth of automotive electronics,
The printed electronics market size is expected to see rapid growth in the next few years. It will grow to $26.5 billion in 2028 at a compound annual growth rate (CAGR) of 18.3%. The growth in the forecast period can be attributed to iot and smart devices, wearable technology, energy harvesting solutions, sustainable and eco-friendly materials, advanced manufacturing techniques. Major trends in the forecast period include flexible and wearable electronics, in-mold electronics (ime), 3d printing electronics, iot and sensor integration, technological advancements.
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Key Market Players:
LG Display Co. Ltd., Samsung Electronics Co. Ltd., Molex LLC, Agfa-Gevaert Group, Palo Alto Research Center Incorporated, BASF SE, DuPont de Nemours Inc., Xerox Corporation, Koch Industries Inc., Jabil Inc., Bebop Sensors Inc., Sensing Tex S.L, E Ink Holdings Inc., Flex Ltd., Carre Technologies Inc., Xerox Holdings Corporation, Thin Film Electronics ASA, T+ink Inc., NovaCentrix Corp., Optomec Inc., Vorbeck Materials Corp., Brückner Maschinenbau GmbH & Co. KG, Cicor Management AG, DuraTech Industries Inc., Heidelberger Druckmaschinen AG, Henkel AG & Co. KGaA, InkTec Co. Ltd., Komura-Tech Co. Ltd., Nissha Co. Ltd., Tritek Co. Ltd. are prominent players in the industry.
Market Drivers:
The increasing demand from the automotive industry is expected to propel the growth of the printed electronics market going forward. 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. For instance, according to March 2020 report by Invest India, the National Investment Promotion and Facilitation Agency of India, the automobile industry in India is expected to reach $300 billion by 2026, with the passenger segment witnessing a growth of 22% to 25% in the year 2022. Furthermore, according to March 2022 report by The European Automobile Manufacturers' Association, global car production output increased by 2.7% in 2021, with output in the US increasing by 3.1% and output in China growing by 7.1%. Therefore, the increase in demand from the automobile industry is expected to boost demand for printed electronics during the forecast period.
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https://www.thebusinessresearchcompany.com/report/printed-electronics-global-market-report
Market Segments Include:
1) By Technology: Inkjet, Screen, Gravure, Flexographic
2) By Material: Ink, Substrate
3) By Application: Displays, RFID Tags, Batteries, Photovoltaic Cells, Lighting, Other Applications
4) By End-Use Industry: Automotive & Transportation, Healthcare, Consumer Electronics, Aerospace & Defense, Construction & Architecture, Retail & Packaging, Other End User Industries
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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