Printed Electronics Market by Material (Inks, Substrates), Technology (Inkjet Printing, Screen Printing, Gravure Printing, and Flexographic Printing), Application (Displays, RFID Tags, Batteries, PV Cells, Sensors, and Lighting Solutions/Devices), End-use Industry (Automotive & Transportation, Healthcare, Consumer Electronics, Aerospace & Defense, Construction & Architecture, and Retail & Packaging): Global Market Size Estimates and Forecast (2022-2030)
The printed electronics market is expected to cross US$ 10.20 billion in 2022 and is projected to hit US$ 25.52 billion by 2030, recording a CAGR of 19% during the forecast period.
Printed Electronics Market is Growing Pertaining to Significant Cost Advantages Rendered by Printed Electronics
The growing demand for thin, flexible, and robust substrates for developing cost-effective and secure printed electronics is fuelling market growth. The significant cost advantages of printed electronics will further increase its demand in the market. Also, increasing applications of printing technology in IoT are propelling the growth of the printed electronics market. Moreover, the growing consumer electronics industry will further boost the market's growth.
By technology, the screen printing segment is contributing massively towards the printed electronics market. Pertaining to increasing use of printed electronics in manufacturing displays and sensors, the demand for screen printing is expanding. Further, other subsegments such as inkjet printing, gravure printing, and flexographic printing are anticipated expected to gain traction during the forecasted year.
The printed electronics market is segmented into material, technology, application, end-use industry, and geography. By material, the printed electronics market is categorized into inks and substrates. By technology, the printed electronics market is further segmented into inkjet printing, screen printing, gravure printing, and flexographic printing. On the basis of application, the printed electronics market is bifurcated into displays, RFID tags, batteries, PV cells, sensors, and lighting solutions/devices. Based on the end-user industry, the printed electronics market is divided into automotive & transportation, healthcare, consumer electronics, aerospace & defense, construction & architecture, and retail & packaging. Geographically, the printed electronics market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Increasing Penetration of IoT is Fueling the Growth of Printed Electronics Applications across the Sector.
Printed electronics is a process in which printing technology is used to produce various electronic goods, such as electronic circuits, sensors, displays, RFID, and many more. Due to the rising demand for wearable devices and other electronics, printed electronics are used for flexible keyboards, electronic skin patches, antennas, and many more. They are also used to create flexible screens, intelligent labels and packaging, interactive books and posters, and upholstery. The inkjet printers are used for printing electrical circuits quite inexpensively and quickly. Thus, due to its rising use, its demand in various industries, including healthcare, aerospace, media, and transit is increasing.
Rising Adoption of Printed Electronics in automotive & transportation is one of the major factors accelerating the market growth.
The industries where printed electronics are used are automotive & transportation, healthcare, consumer electronics, aerospace & defense, construction & architecture, and retail & packaging. In automotive & transportation industry, the demand for printed electronics such as displays, sensors, thin-film PV cells, and OLED lighting solutions is increasing. Also, the increasing use of printed electronics in the interior of vehicles is boosting market growth. The consumer electronics industry is also fueling the demand for printed electronics due to its rising demand for the production of wearables and other electronic devices. Other industries such as healthcare, aerospace & defense, construction & architecture, and retail & packaging are also encouraging the use of printed electronics technology.
Recent Strategic Developments in the Printed Electronics Market
The printed electronics market has undergone several significant developments, and a few of these have been mentioned below:
- In April 2022, E Ink Holdings Inc. announced the launch of E Ink Kaleido 3. It offers richer colors, along with 16 levels of grayscale and 4096 colors, which are perfect for displaying colorful images and information on eReaders and eNote devices.
- In July 2021, DuPont announced that they had acquired Laird Performance Materials for US$ 2.3 billion. Laird Performance Materials is a high-performance electromagnetic shielding and thermal management company. Through the acquisition, the company will provide its customers with a unique and broad range of comprehensive and innovative solutions.
The printed electronics market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Toppan Forms, Sipix Imaging Inc., Aveso Displays, E Ink Holdings Inc., Blue Spark technologies, Printechnologics GMBH, BASF SE, Kovio Inc., Emagin Corp, and Polyic GmbH & Co. KG are among the prominent players operating in the printed electronics market.
Target audience for the report:
- Printed electronics component and raw material providers
- Printed electronics providers
- Printed electronics-related service providers
- Printed electronics-related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Printed electronics distributors and sales firms
- End users of Printed electronics
- Printable electronics related research institutes and organizations
Scope of the report:
In this report, the printed electronics market has been segmented on the basis of:
- Material:
- Inks
- Substrates
- Technology:
- Inkjet Printing
- Screen Printing
- Gravure Printing
- Flexographic Printing
- Application:
- Displays
- RFID Tags
- Batteries
- PV Cells
- Sensors
- Lighting Solutions/Devices
- End-use Industry:
- Automotive & Transportation
- Healthcare
- Consumer Electronics
- Aerospace & Defense
- Construction & Architecture
- Retail & Packaging
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Toppan Forms
- Sipix Imaging Inc.
- Aveso Displays
- E Ink Holdings Inc.
- Blue Spark technologies
Companies profiled
- Toppan Forms
- Sipix Imaging Inc.
- Aveso Displays
- E Ink Holdings Inc.
- Blue Spark technologies