Printed Sensor Market Estimated to Experience a Hike in Growth by 2026

In the recent past, printing electronics has received an overwhelming attention from various industries and researchers across the globe. Printing technologies have been well known for its streamlined steps involved in the production process, better usage of materials, cost effective fabrication and simplified patterning techniques resulting into low cost manufacturing. Over the years, printing technologies has developed various electronic materials compatible with diverse substrates, has led to further expansion of printed electronics into development of printed sensors. Printed sensor are gaining popularity as they provide benefits over conventional silicone sensor such as light weight, thinner size, flexibility, organic materials and low cost, among the others. Glass and plastic are most commonly used substrates and conductive silver ink as well as carbon nanotechnology are among the most widely used inks for development of printed sensors. Moreover, printed biosensors have existed in the market for several years, whereas other printed sensors such as printed temperature, printed image sensors, printed photodetectors, and the others have recently evolved from the R&D into vast applications. These printed sensors are emerging into application areas such as consumer electronics, healthcare, industrial, smart card, and smart packaging, among others.

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Increasing trends of Interne of things have driven the trends for miniaturization of devices thereby increasing the demand for printed sensors alongside. In addition to this some of the prominent drivers for printed sensor market are factors such as advancements in wearable devices, increasing adoption of portable medical devices and the growing trends of smart labelling, among others. On the other hand, factors such as high initial investment cost, and lack of standardization may act as a restraint for the printed sensors market.

Printed sensor market is dominated by the North America, and Western Europe region. North America has the highest diabetic population global and therefore accounts for a high demand for biosensor, whereas In, Western Europe region has a huge number of printed electronics R&D institutions with facilities for prototyping and process development partially supported by European Union and other public authorities. On the other hand, Asia Pacific Excl. Japan, and Japan is expected to grow at a significantly as compared to the other region in the printed sensors market and will see a good growth rate in the future. Eastern Europe and Latin America and MEA is expected to see a moderate growth rate in the printed sensors market.

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Among the prominent players involved in printed sensor market, companies such as Thin Film Electronics ASA, and ISORG SA, among others are focusing collaborating with other printed electronic manufacturing company, to develop innovative printed sensors and strengthen their position in the printed sensors market. For instance, ISORG SA collaborated with FlexEnable Ltd. to jointly develop advanced flexible fingerprint sensor. Whereas, Thin Film Electronics ASA and PST Sensors (pty) Ltd (PST) jointly developed a printed temperature sensor for perishable goods such as food and pharmaceuticals.

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