Printed Electronic Market Set for Rapid Growth to Reach USD 10.26 Billion by 2021

Zion Market Research has published a new report titled “Printed Electronics Market (Substrates and Inks) by Technology (Flexography, Ink-jet Printing, Gravure Printing and Screen Printing) for Sensors, Displays, Batteries, RFID, Lighting, and Photovoltaics: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021”. According to the report, global printed electronics market was valued at USD 3.05 billion in 2015 and is expected to reach USD 10.26 billion in 2021, growing at a CAGR of 22.4% between 2016 and 2021.

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Printed electronics prints on the substrate with the help of optical or electrical inks. Passive or active components such as resistors or transistors are used for printed electronics. A variety of industrial applications of printed electronics includes batteries, packaging, sensors, displays and RFID. Printed electronics also utilizes different types of solution based materials such as nanotubes or nanoparticles, metallic conductors, organic or inorganic semiconductors to aid printing experience. With the help of these eminent devices, printed electronics are able to completely harness new properties which make them more attractive for new developing applications.

Global printed electronics market is primarily driven by rising demand for flexible printed electronics in the packaging industry coupled with increasing application in Internet of Things. In addition, low manufacturing cost, increasing demand for flexible electronics and environmentally friendly technology are some of the major driving factors are flourishing the market growth. Furthermore, rising demand from various industrial applications paired with increased investments is expected to favor the printed electronics market growth. However, complexity in manufacturing processes is expected to have the adverse impact on printed electronics market. Nonetheless, the trend of additive manufacturing paired with advantages of thin and flexible form for various applications may disclose new avenues for printed electronics market in the near future.

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Global Printed Electronics Market

Based on material printed electronic market has been classified into substrate and inks. The substrate segment is expected to dominate the market over the forecast period due to significant demand for the organic substrate as well as the inorganic substrate. Ink material segment is also expected to achieve considerable growth in the forecast period. The conductive ink is expected contribute the growth for ink material segment for printed electronic market in the forecast period.

Screen printing technology segment held the largest market share in 2015. The growth of this segment is mainly attributed to demand of screen printing technology from printed electronics manufacturers due to its simplicity, adaptability, speed and affordability to the fabrication process. Flexography printing uses flexible relief plate for printing processes generally on the non-porous subtracts for food packaging. Gravure printing is also expected to show remarkable growth due to increasing demand for commercial printing.

Based on application, global printed electronics market is bifurcated into sensors, displays, batteries, RFID, lighting, and photovoltaics. Lighting application segment is expected to grow at the highest rate during the forecast period. A significant decrease in costs of devices such as diagnostic devices, mobile phones, and others offers lots of opportunity for the sensor segment of printed electronics market.

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With the largest share, Asia Pacific was a leading regional market for printing electronics in 2015 closely followed by North America. The presence of key electronics manufacturing hub with multiple manufacturing activities in countries such as China, India, Japan and South Korea is expected to be the major factor for the growth of Asia Pacific region. A large number of material manufacturer paired with the number of printing equipment manufacturer and device manufacturer is expected to fuel the demand for printed electronic market in the European market.

Major participants in the printed electronics space include Aveso Displays, Blue Spark technologies, Printechnologics GMBH, Polyic Gmbh & Co. Kg, Novaled AG, Nano Solar Inc., BASF SE, Emagin Corp., kovio Inc., Toppan Forms, Sipix Imaging Inc. and E Ink Holdings Inc. amongst others.

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This release was published on openPR.