Printed Electronics Market Size, Share, Growth, Trends and Forecasts 2023 - 2028
The new report by Expert Market Research titled, ‘Global Printed Electronics Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global printed electronics market, assessing the market based on its segments like material, technology, device, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 19.5%
The expanding application of printed electronics to generate different devices such as displays, photovoltaic, lighting, and RFID, among others, is driving the market. The digital print technology is making strong inroads into the printed electronics market at a much faster pace, due to its cost-effectiveness and high-quality professional printing in the healthcare sector. Aside from that, as the demand for more flexible, compact, and power-efficient electronic goods grows, so will the demand for printed electronics.
Printed Electronics Industry Definition and Major Segments
Printed electronics is a collection of printing techniques for creating electrical devices on a variety of substrates, including plastic, ceramics, and textiles. Printed electronics is a low-cost method of applying conductive materials, varnishes, and ink systems in many layers to vast regions of film, paper, or other substrates. They carry out the operations of traditional electronics but with enhanced processing capabilities.
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By material, the market is divided into:
- Ink
- Substrate
Based on technology, the industry can be segmented into:
- Inkjet
- Screen
- Gravure
- Flexographic
Based on device, the industry can be segmented into:
- Displays
- Photovoltaic
- Lighting
- RFID
- Others
The global regions for printed electronics market include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Printed Electronics Market Trends
The rapid advancements in printing technologies and material science are expected to significantly contribute to the growth of the industry in the forecast period. In the projected period, the printed electronics industry is expected to develop due to growing demand for photovoltaics in solar farms and the military and defence sector. Meanwhile, the increased need for display devices for diverse end purposes such as advertising is likely to boost demand for printed electronics. The growth of stock-keeping machines, which split large print runs into multiple shorter runs, is a prominent trend in the printed electronics industry. With its capacity to print small runs with minimum downtime, digital printing is gaining popularity. Flexography, inkjet, gravure, and screen printing are among the print methods utilised for this purpose. Flexography technology is still a tried-and-true method for a variety of materials.
Key Market Players
The major players in the market are Molex, LLC, BASF SE, NovaCentrix, Nissha Co., Ltd., E Ink Holdings, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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