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Printed Electronics Market is Booming Owing to Advancements in Materials and Printing Technologies

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Vaishnavi Kashid
Printed Electronics Market is Booming Owing to Advancements in Materials and Printing Technologies

The global Printed Electronics Market is estimated to be valued at USD 9.9 billion in 2021 and is expected to exhibit a CAGR of 18.3% over the forecast period (2023-2028), as highlighted in a new report published by Coherent Market Insights.

 

A) Market Overview:

The printed electronics market is experiencing significant growth due to advancements in materials and printing technologies. Printed electronics offer several advantages such as low-cost manufacturing, flexibility, and the ability to create lightweight and compact devices. This has led to their widespread adoption in various industries including consumer electronics, healthcare, automotive, and aerospace. Despite the numerous benefits, the market faces challenges such as the limited lifespan of printed electronics and the need for high-level expertise in manufacturing processes.

 

B) Market Key Trends:

One key trend driving the growth of the printed electronics market is the increasing demand for flexible displays. With the rising popularity of wearable devices and smartphones with curved screens, there is a growing need for flexible and bendable displays. Printed electronics enable the production of flexible displays by using flexible substrates and conductive materials. For example, companies like Xerox Corporation and PARC are developing innovative solutions for flexible displays using printed electronics technology.

 

C) Segment Analysis:

The Printed Electronics Market is segmented based on application and printing technology. Consumer electronics segment dominates the market, owing to the increasing adoption of printed electronics in devices such as smartphones, tablets, and televisions. Within the consumer electronics segment, the display application holds the largest market share due to the growing demand for high-resolution and energy-efficient displays. For instance, companies like E-Ink Holdings Inc. are leveraging printed electronics technology to produce electronic paper displays (EPDs) used in e-readers and electronic shelf labels.

 

D) Key Takeaways:

- The global printed electronics market is expected to witness high growth, exhibiting a CAGR of 18.3% over the forecast period, due to increasing demand for flexible displays, especially in the consumer electronics segment.

- Asia Pacific is the fastest growing and dominating region in the printed electronics market, driven by the presence of major electronics manufacturers and the growing demand for printed electronic components in countries like China, Japan, and South Korea.

- Key players operating in the global printed electronics market include Ensurge Micropower ASA, T+ink, Inc., NovaCentrix, Optomec Inc., Xerox Corporation, E. I. du Pont de Nemours and Company, Vorbeck Materials Corporation, Inc., Intrinsiq Materials, Inc., BASF SE, E-Ink Holdings Inc., Molex.Inc, and PARC.

 

As the printed electronics market continues to grow, advancements in materials and printing technologies will further expand its application areas. The market is expected to witness increased investments in research and development activities to overcome the existing challenges and improve the lifespan of printed electronics. With its potential to revolutionize various industries, printed electronics hold a promising future.

 


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Vaishnavi Kashid
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