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Printed Electronics Market Research Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights
Printed Electronics Market
As per the report, 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 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%.
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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.
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 printed electronics market covered in this report is segmented -
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
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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.
Contents of the report:
1. Executive Summary
2. Printed Electronics Market Report Structure
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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