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Printed Electronics is the fastest growing segment fueling the growth of Printed Electronics Market

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samruddhicmi123
Printed Electronics is the fastest growing segment fueling the growth of Printed Electronics Market

The Global Printed Electronics Market is estimated to be valued at US$ 7114.14 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Printed electronics make use of different printing methods and inks to produce electronic components like sensors, displays, batteries and circuits on various substrates such as paper, plastic, ceramic and textiles. Printed electronics find applications in various industries including automotive, consumer electronics, healthcare and defense which drives the growth of this market.

Market key trends:

Printed electronics has emerged as one of the fastest growing segments in recent times owing to various advantages offered by this technology. One of the major trends in printed electronics is the use of printed sensors. Printed sensors are increasingly being used in applications including health monitoring equipment, environmental monitoring, infrastructure monitoring and industrial automation. Furthermore, development of nano-particles based conductive inks for printing flexible and stretchable electronic circuits is also contributing to the growth of this market. Advances in printing technologies such as inkjet, gravure and screen printing has boosted production volumes for printed electronics.

Segment Analysis

The global printed electronics market is segmented on the basis of material, technology, end use and geography. Based on material, the market is segmented into conductive ink, substrates, silver ink and others. Among these, the conductive ink segment dominated the market in 2022 and is expected to continue its dominance during the forecast period. This is attributed to high demand for conductive inks in applications such as flexible displays, RFID tags and sensors among others.

Key Takeaways

The Global Printed Electronics Market size is expected to witness high growth, exhibiting a CAGR of 5.3% over the forecast period, due to increasing demand for lightweight, paper-like flexible displays.

Regional analysis:

Asia Pacific dominated the global printed electronics market in 2022 and is projected to continue its dominance during the forecast period. This is attributed to rising electronics production and presence of key manufacturers in countries such as China, Japan and South Korea.

Key players:

Key players operating in the printed electronics market are 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, PARC, a Xerox company. Among these, Xerox Corporation and E. I. du Pont de Nemours and Company dominate the market owing to their robust product portfolio and widespread global presence.


Read More - https://www.marketwebjournal.com/continuous-technological-advancements-in-printed-electronics-driving-growth-of-printed-electronics-market/  

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