Printed Electronics Market – Global Overview and Forecast (2024-2030)

Printed Electronics Market size was valued at USD 13.47 Bn. in 2023 and the total Printed Electronics revenue is expected to grow by 17.3% from 2024 to 2030, reaching nearly USD 41.18 Bn.
Printed Electronics Market Overview:
Printed electronics is a collection of printing techniques used to build electrical devices on a wide variety of substrates. Printing is normally done with standard machines designed for establishing patterns on the material. These are minimal cost procedures by electronic-industry benchmarks. On the substrate, electrically functioning electronic or optical coatings are placed, resulting in active or passive devices such as thin-film transistors, capacitors, coils, and resistors. According to some academics, printed electronics will enable ubiquitous low-cost, low-performance circuitry for applications such as flexible displays, smart labeling, ornamental and animated billboards, and active apparel that do not demand significant performance.

The report explores the Printed Electronics market's segments (Material, Application, End-Use Industry, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2023. The report investigates the Printed Electronics market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Printed Electronics market's contemporary competitive scenario.

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Printed Electronics Market Dynamics:
The key opportunity in the market is that emerging applications of printed electronics in healthcare are promising.

Because of its capabilities, printed electronic technologies like sensors, batteries, inks, and RFID tags are utilized in the medical industry for a variety of applications such as remote patient monitoring for important functions. As a result, there has been a spike in the creation of novel remote monitoring solutions. Printed thin batteries are essential in the production of digital equipment such as medical implants and card readers because they are thin, compact, and small enough to fit into device casings. The current trend of tracking prescription drug consumption to reduce excessive medical care expenses has resulted in a smart verification via card design including printed carbon traces and a battery to register the time of drugs taken by individuals. It also sends patients alerts to notify them of their next dose. These prospective market breakthroughs are anticipated to provide attractive growth prospects for printed electronics in healthcare.

The initial higher investment costs are expected to be a major restraint in the market growth.

When it comes to technological innovations, lower costs are frequently a driving force behind R&D initiatives. The expense of novel materials and equipment for printed electronics innovation is quite costly. Manufacturers must consequently place a high priority on investment in research and development in order to produce value that goes beyond cost reduction e.g. thinner, lighter, more resilient, and flexible goods. Material qualities may influence investment choices in particular technologies. The introduction of new technologies necessitates the use of precise machinery and qualified employees, which adds to the overall expenditures. As a result, the large investment required is a hindrance to the printed electronics market growth.

A major challenge in the market growth is insufficient understanding of proper material and design selection for smart building applications among manufacturers.

Printed electronics comprises a wide range of printing processes and materials that may be utilized for a variety of applications across sectors. When using the printed electronics technique, the user must be well-versed in multiple areas, including substrate and material selection, printing style selection, equipment integration, and web development. Linking printed sensors, panels, processors, and other electrical components, for example, remains difficult for smart building applications. Other issues that have emerged while implementing printed electronics for smart buildings include:

Identifying the appropriate materials and manufacturing techniques for standardizing the production of smart building materials

Creating an efficient printing pattern for a certain scenario or setting

Creating compact or flexible electrical components that can readily be integrated into printed electronic devices

Creating connections that provide a strong and dependable connection between stiff hardware and a soft substrate.

Creating software to connect various sensors, electronic components, and gadgets in smart buildings.
Printed Electronics Market Segment Analysis:
By End-Use Industry, the automotive and transportation segment is expected to grow at a CAGR of 4.3% in the forecast period. Because of their, resilience, and flexibility, printed electronic goods are commonly utilized in automobiles. Touch control technologies and smart surfaces have also become commonplace in automobile interior interfaces. As a result, industry participants are implementing technical improvements and design changes in their goods.

Printed electronics provide various advantages to manufacturers. As a result, automotive businesses utilize printed electronics goods in their cars e.g. OLED-based screens and illumination, printed sensors, and conductive parts in their vehicle seating. These characteristics are becoming a global automotive industry norm and must be featured in all modern automobiles. The unique benefit of printed electronics in the automobile sector is that it allows for the construction of high-quality screens, lighting, and capacitive touch sensors to be incorporated into the curvatures within cars, a process called in-mold technology. Printed electronics are used in OLED lighting and seat warmers by major automobile manufacturers e.g. Jaguar Land Rover and BMW.

According to the European Automobile Manufacturers' Association, fresh electrically charged bus registrations in Europe climbed by 17.4 % in 2022, from 1,445 units in 2021 to 1,720 buses in 2022, representing a 5.9 percent market share. Additionally, hybrid bus registrations were 2,650 units in 2022, a 36 percent growth over 2021. As a result, the region's increased demand for EVs and hybrid vehicles is likely to drive the automotive segment growth.
Printed Electronics Market Regional Insights:
In 2023, the Asia Pacific region led the printed electronics market, accounting for more than 40 percent of total sales. The significant market share may be attributable mostly to the growing use of printed electronics technology in consumer tech products. At the end of the forecast period, APAC is expected to maintain its top spot. This growth can be linked to the region's constantly growing semiconductor manufacturing industry. Emerging markets e.g. China, South Korea, and Japan contribute significantly to the printed electronics sector. Moreover, the Asia Pacific region, particularly China, is a manufacturing powerhouse for electronics.

The printed electronics technologies are expected to gain traction in North America and Europe as research and development spending increases and the technologies are increasingly used in industrial applications e.g. photovoltaic and RFID devices. During the forecast period, these regional markets are expected to grow at a consistent rate. The increasing acceptance of novel technologies in the European area, as well as the expanding appeal of electronics items, are both contributing considerably to the growth of the printed electronics market in Europe.

The objective of the report is to present a comprehensive analysis of the Printed Electronics market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Printed Electronics market dynamics, and structure by analyzing the market segments and projecting the Printed Electronics market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Printed Electronics market make the report investor’s guide.
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Printed Electronics Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
USD 13.47 Bn.


Forecast Period 2024 to 2030 CAGR:
17.3%
Market Size in 2030:
USD 41.18 Bn.


 Segments Covered:
by Material
Inks
Organic Substrates
Inorganic Substrates


by Application
Displays
RFID Tags
Batteries
Photovoltaic Cells
Lighting
Other


by End-Use Industry
Automotive & Transportation
Healthcare
Consumer Electronics
Aerospace & Defense
Construction & Architecture
Retail & Packaging
Other



Printed Electronics Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Printed Electronics Market, Key Players
1. Samsung Electronics Co., Ltd.
2. LG Display Co. Ltd.
3. Molex, LLC
4. Agfa-Gevaert Group
5. Palo Alto Research Center Incorporated (PARC)
6. DuPont de Nemours, Inc.
7. Nissha Co., Ltd.
8. BASF
9. NovaCentrix
10.E Ink Holdings Inc.
11.Ynvisible Interactive
12.Optomec
13.Cambridge Display Technologies
14.Enfucell
15.Thin Film Electronics
16.Applied Ink Solutions
17.Brightvolt

FAQs:

1. Which is the potential market for Printed Electronics in terms of the region?
Ans. APAC is the potential market for Printed Electronics in terms of the region.

2. What are the challenges for new market entrants?
Ans. A major challenge in the market growth is insufficient understanding of proper material and design selection for smart building applications among manufacturers.

3. What is expected to drive the growth of the Printed Electronics market in the forecast period?
Ans. The key opportunity in the market is that emerging applications of printed electronics in healthcare are promising.

4. What is the projected market size & growth rate of the Printed Electronics Market?
Ans. The Printed Electronics Market size was valued at USD 13.47 Bn. in 2023 and the total Printed Electronics revenue is expected to grow by 17.3% from 2024 to 2030, reaching nearly USD 41.18 Bn.

5. What segments are covered in the Printed Electronics Market report?
Ans. The segments covered are Material, Application, End-Use Industry, and Region.