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Printed Electronics Market Trends, Top Companies, Share, Growth And Forecast 2033
Printed Electronics Market Trends
According to The Business Research Company's, 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,
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Market Drivers and Trends:
The growing consumer electronics industry is expected to propel the growth of the printed electronics market going forward. Consumer electronics refers to any electronic product meant for daily, non-commercial, or professional use by consumers. Printed electronics are used to make electronic devices like displays, sensors, and lights in consumer electronics. For instance, in 2023, according to data published by the Federal Reserve Economic Data, a St. Louis-based research division of the Federal Reserve Bank, the sales of electronics and appliance stores stood at $3,487 million in 2020, which was raised to $8,540 million in 2021 in St. Louis. Therefore, the growing consumer electronics industry is expected to boost demand for printed electronics market.
Major companies in the printed electronics market are focusing on strategic investments. Strategic investments are the deployment of resources to projects or initiatives that are projected to provide long-term advantages for a corporation. For instance, in January 2023, Syenta, an Australian printed electronics startup, raised AU$ 3.7 million ($2.5 million) in seed capital to expedite the production of its multi-material 3D printers, which enable users to access highly sophisticated and functioning electronics such as semiconductors, batteries, and sensors. The deal was led by Blackbird, an Australasian venture capital firm that recently led an AU$ 35 million ($23.8 million) funding round for local bioprinting business Inventia Life Science.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
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.
Printed Electronics Market 2024 Key Insights:
• The printed electronics market size is expected to grow to $26.5 billion in 2028 at a compound annual growth rate (CAGR) of 18.3%.
• Consumer Electronics Industry Driving Growth In The Printed Electronics Market
• Investments In The Printed Electronics Market
• Asia-Pacific was the largest region in the printed electronics market in 2023, and it is also expected to be the fastest-growing region in the forecast period.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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