Press release
Printed Electronics Market: Increased Use of Organic Materials and Need to Cut Down Excessive Energy Consumption to Drive Market Growth
The growing demand for smart labels, flexible displays, active clothing, animated and decorative posters is expected to boost the growth of the global printed electronics market. The global printed electronics market is estimated to benefit from emerging trend of minimal material consumption and high-speed fabrication. Collectively, these factors have brought down the processing costs, which, in turn, has had a positive effect on the global printed electronics market.The research report states that the global market will be worth US$65.0 bn by the end of 2024 as compared to US$25.4 bn in 2015. During the forecast period of 2016 and 2024, the global market will progress at a CAGR of 11.0%.
In terms of application, the global market is segmented into automotive, retail and packaging, electronics, and display among others. The report indicates that the retail and packaging segment held a dominant share in the global market in 2015, which was closely followed by automotive and electronics. The growing demand for smart packaging is expected to have a positive impact on the global market in the coming years.
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The other factors anticipated to support to the rise of the retail and packaging segment are increasing expenditure on consumer goods, technological advancements, and the emergence of the retail sector. Analysts anticipate that the technological advancements will augment the uptake of printed electronics in various industrial verticals such as packaging, automotive, electronic device manufacturing, and logistics during the forecast period.
Asia Pacific to Remain Frontrunner in Global Market
In terms of geography, the global printed electronics market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Out of all these regions, Asia Pacific is expected to lead the global market in terms of revenue. North America will follow suit in the coming years. The emerging economies of India, China, and Japan will be the major contributors to the regional market in the coming years.
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Screen Printing to Lead the Pack as it Remains Most Popular Form of Printing
By technology, the printed electronics market is divided into flexography, gravure printing, screen printing and ink-jet printing among others. As of 2015, the screen printing segment held a significant share in the global market. The other key segments of the global market are flexography and ink-jet printing. The extensive usage of screen printing technology across various industrial verticals such as printed electronics, thick film technology, circuit board printing, displays, and product labels among others.
The key operating players in the global printed electronics market are Thin Film Electronics ASA, T+ink, Inc., NovaCentrix, Optomec Inc., Xerox Corporation, E. I. du Pont de Nemours and Company, Vorbeck Materials Corporation, Inc., Intrinsiq Materials, Inc., Agfa-Gevaert N.V., LEONHARD KURZ Stiftung &Co. KG, BASF SE, E Ink Holdings Inc., and Samsung Electronics Co., Ltd. among others.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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