Press release
Printed Sensor Market to Witness an Outstanding Growth by 2016 - 2026
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: Segmentation
Printed Sensor market can be segmented on the basis of type of sensors, printing technology, application, and regions. On the basis of type of sensors the printed sensors market can be segmented into printed biosensor, printed pressure sensor, printed touch sensor, printed temperature sensor, printed humidity sensor printed photodetectors, printed image sensors, printed gas sensor, and others. On the basis of printing technology the printed sensor market can be segmented as contact printing, and non-contact printing. Whereas the application segment in the printed sensors market may include consumer electronics, automotive, retail, medical devices, industrial, smart packaging, smart card, smart homes, and others. Regionally, printed sensors market can be segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa.
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Printed Sensor Market: Regional Outlook
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.
Printed Sensor Market: Competition Landscape
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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