Printed And Flexible Sensors Market - Internet of Things (IoT) to Drive Next Phase of Growth

Printing of electrodes enables cost effective fabrication of large area sensor arrays on flexible substrate. Due to rising demand for light weight and thin electronics devices, printed and flexible sensors are becoming an integral component of electronic devices. Printed electronics is an emerging technology and plays an important role in the development of printed sensors market. The printed and flexible sensors are in the beginning of their commercialization and currently used in applications such as healthcare, safety and security, packaging, automotive and consumer durable among others. At present, printed and flexible sensors is a printed sensors and are cheaper, simple in design and offers higher performance over traditional silicon based sensors. In addition, roll-to-roll manufacturing process enables low cost mass production of printed sensors. Benefits of printed sensors market over traditional sensors is expected to spur the growth of this market over the estimated period. In addition, rising growth in individual application segments such as consumer electronics, healthcare, security and defense, automotive and other is also expected to boost the demand of printed and flexible sensors in the next five years.

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Biosensor is the most matured technology in printed and flexible sensors market. Glucose strips used to detect and monitor glucose level in diabetics is a multi-billion market. Every year billions of single use glucose strips are used for diabetes monitoring. Printed biosensors segment represents the largest market in the printed and flexible sensors technologies and is expected to maintain its dominating position over the forecast period.. Several other emerging application applications of printed biosensors include analyzing and monitoring kidney, heart and cancer diseases. Printed and flexible piezoelectric sensors are commonly used in used in healthcare, textile, consumer electronics and automotive applications. This market is expected to see the fastest growth over the forecast period with growing consumer electronics and healthcare market. Piezoresistive printed pressure sensors are also used in safety enhancement, engine optimization and emission control applications. Increasing production of motor vehicles represents a positive outlook for this segment. Some other emerging applications of printed and flexible sensors include gas sensors, photodetectors and temperature sensors.

In 2013, North America represented the largest regional market for printed and flexible sensors followed by Europe. However, Asia-Pacific is expected to see the fastest growth over the forecast period. This growth is primarily attributed to growing outsourcing of production and rising industrialization particularly in India and China. Europe is leading region in terms of innovations and new product development.

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The global printed and flexible sensors market is fragmented with the presence of large number of multinational players. Due to huge market potential and rising government support for development of printed sensors in several countries such as U.S., China, UK and Germany, the number of new entrants in this industry is increasing. Some of the major players in the global printed and flexible sensors market include Thin Film Electronics ASA, KWJ Engineering, ISORG, Peratech UK and GSI Technologies among others.

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