Press release
Printed Electronics Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | LG Display Co. Ltd., Samsung Electronics Co. Ltd., Molex LLC, Agfa-Gevaert Group, Palo Alto Research Center Incorporated
Printed Electronics Market Characteristics
The Business Research Company offers in-depth market insights through Printed Electronics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The main technologies used in printed electronics include inkjet, screen, gravure, and flexographic. The inkjet printing technology is non-contact and uses droplets of ink of diameter between 10 to 150 µm that are contained in a fluid channel for printing. This technology is beneficial as it has been widely used in production and prototyping and is cost-efficient as it allows for the additive deposition of thin line circuits on a range of substrates only where needed. The materials used in printed electronics include ink and substrate. They are used in the manufacturing of displays, RFID tags, batteries, photovoltaic cells, lighting, and other applications. The end-users of printed electronics include automotive and transportation, healthcare, consumer electronics, aerospace and defense, construction and architecture, retail and packaging, and other end-user industries.
Major Driver - Automotive Industry Driving Growth In The Printed Electronics Market
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.
Competitive Landscape:
Major companies operating in the printed electronics market include 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.
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Top Trend - Strategic Partnerships And Collaborations Driving Innovation In The Printed Electronics Market
Strategic partnerships and collaborations are a key trend gaining popularity in the printed electronics market. 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 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.
The Table Of Content For The Market Report 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
…..
27. Printed Electronics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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