Global Market for Printed Electronics is Anticipated to grow at a Significant Pace i.e., USD 28.3 Billion during the Forecast Period 2023-2030
The global printed electronics market is expected to have an 18.4% CAGR during the forecast period. They are highly adopted in solar cells to produce solar power, OLED screen displays, biometric sensors, and LEDs. The rising demand for energy-efficient, thin, and flexible consumer electronics, and portable healthcare wearables along with rising demand for printed electronics products in the automotive and transportation industry will bolster the growth of the printed electronics market. Moreover, the increasing demand for next-generation flexible printed electronics, rising demand for miniaturized devices, technological development in electronics devices, and substantial cost advantage offered by printed electronics will propel the growth of the market.
The printed electronics market refers to the industry segment that deals with the development, manufacturing, and deployment of electronic devices and components using printing techniques. Printed electronics is a branch of electronics that involves the printing of electronic circuits, sensors, displays, and other electronic components on flexible substrates using various printing technologies, such as inkjet printing, screen printing, and flexographic printing.
The printed electronics market has witnessed significant growth in recent years due to several factors, including:
Flexible and lightweight form factors: Printed electronics enable the creation of flexible and lightweight electronic devices and components. This flexibility allows for the integration of electronics into unconventional shapes and materials, such as curved surfaces, flexible displays, smart packaging, and wearable devices. The demand for flexible and lightweight electronics in industries like consumer electronics, healthcare, automotive, and smart textiles has driven the growth of the printed electronics market.
Cost-effectiveness and scalability: Printing techniques offer cost advantages over traditional semiconductor manufacturing processes, such as photolithography. Printed electronics can be produced in high volume and at lower costs, making them suitable for applications where cost efficiency and scalability are critical. This has opened up opportunities for printed electronics in large-area applications, such as displays, lighting, and photovoltaics.
Energy efficiency and sustainability: Printed electronics often consume less energy during manufacturing compared to traditional electronics. Additionally, printed electronics can be integrated into energy-efficient devices, such as low-power sensors, smart labels, and energy harvesting systems. The focus on energy efficiency and sustainability across industries has driven the adoption of printed electronics technology.
Internet of Things (IoT) and sensor applications: Printed electronics play a significant role in IoT and sensor applications. Printed sensors can be integrated into various objects, enabling real-time monitoring and data collection. These sensors find applications in areas such as environmental monitoring, healthcare, smart agriculture, and industrial automation. The growth of IoT and the demand for connected devices have propelled the printed electronics market.
Technological advancements: Continuous advancements in printing technologies, materials, and conductive inks have expanded the capabilities and possibilities of printed electronics. Improved resolution, conductivity, and reliability of printed components have made them more attractive for commercial applications. Technological advancements have also contributed to the growth of the market.
In 2022 September, SAMSUNG has unveiled its latest monitor, the 24-inch Webcam Monitor S4 (Model Name: S40VA), which is designed to suit the requirement of hybrid workers. The monitor contains a built-in webcam, speakers, and microphones, allowing users to easily connect and interact.
The COVID-19 pandemic has increased the adoption of printed electronics in the healthcare sector as smart patches are used to track patients’ blood glucose levels, ECG, heart rates, etc., as a result, patient patients can check their health status at home. This has resulted in the growth of the printed electronics market.
By printing technology, screen printing dominates the printed electronics market during the forecast period.
Screen printing technology accounts for the largest share in the printed electronics market during the forecast period as screen printing is one of the world's oldest and most versatile printing methods. Printed sensors and batteries, as well as posters, labels, signboards, textiles, and electronic circuit boards, are all printed using this method. Screen printing is used to print electrodes and electrical lines for LED panels, touch panels, and solar cells.
Global Printed Electronics Market Segmentation Analysis
|
Segment |
Categorization |
Leading Category |
|
Material |
Inks (Conductive Inks (Conductive Silver Inks, Conductive Copper Inks, Transparent Conductive Inks, Silver Copper Inks, and Carbon Inks), Dielectric Inks, and Others) and Substrates (Organic Substrates (Polymers (Polyimides, Polyethylene Naphthalate, and Polyethylene Terephthalate), Paper (Polyacrylate, Polystyrene, Polyvinylpyrrolidone (PVP), and Polyvinyl Alcohol), and Other Organic Substrates) and Inorganic Substrates (Glass and Other Inorganic Substrates)), |
Inks (Largest) |
|
Printing Technology |
Inkjet Printing (Continuous Inkjet Printing and Drop-On-Demand Inkjet Printing (Thermal Drop-On-Demand Inkjet Printing, Piezo Drop-On-Demand Inkjet Printing, and Electrostatic Drop-On-Demand Inkjet Printing)), Screen Printing (Flatbed Screen Printing and Rotary Screen Printing), Flexographic Printing, Gravure Printing, and Others |
Screen Printing (Largest) Inkjet Printing (Significant Growth) |
|
Resolution |
Below 100 Lines/cm, 100 To 200 Lines/cm, and Above 200 Lines/cm |
Above 200 Lines/cm (High CAGR) |
|
Application |
Displays (E-Paper Displays (Electrochromic Displays, Electrophoretic Displays, and Other E-Paper Displays) and Electroluminescent (EL) Displays (OLED Displays, Flexible OLED Displays, and LCD), RFID Tags, Batteries, Photovoltaics Cells (Sensors, Touch Sensors, Gas Sensors, Humidity Sensors, Pressure Sensors, Image Sensors, Temperature Sensors, and Others), Lighting (Electroluminescent Lighting and OLED Lighting), and Others |
Lighting (High CAGR) Sensors (Significant Growth) |
|
End-User |
Automotive and Transportation, Healthcare, Consumer Electronics, Aerospace and Defense, Construction and Architecture, Retail and Packaging, and Others |
Aerospace and Defense (High CAGR) |
|
Region |
North America, Europe, Asia-Pacific, and Rest of the World |
Asia-Pacific (Largest)
|
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“APAC will dominate the regional market share during 2023-2030.”
APAC will dominate the printed electronics market during 2023-2030 as China and Japan are manufacturing hub for electronics devices and components. Factors attributing to the growth in the region is the large-scale production of electronics components, digitalization, development of miniaturized electronic devices and products, increased prominence of developed consumer electronics, and rising R&D investment in countries like China, South Korea, Japan, and Australia.
Some of the major players in the global printed electronics market include Molex LLC, SAMSUNG, LG DISPLAY CO., LTD., Agfa-Gevaert Group, Palo Alto Research Center Incorporated., DuPont, Nissha Co., Ltd., BASF SE, NovaCentrix, and E Ink Holdings Inc.
Scope of the Report
|
Report Metric |
Details |
|
Market Size Available for the Years in the Study |
2018–2030 |
|
Historical Period |
2018–2022 |
|
Base Year |
2022 |
|
Forecast Period |
2022–2030 |
|
Segments Covered in the Study |
Material, Printing Technology, Resolution, Application, End-User, and Region |
|
Geographies Covered in the Study |
North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.) |
|
Companies Covered in the Study |
Molex LLC, SAMSUNG, LG DISPLAY CO., LTD., Agfa-Gevaert Group, Palo Alto Research Center Incorporated., DuPont, Nissha Co., Ltd., BASF SE, NovaCentrix, and E Ink Holdings Inc. |
Global Printed Electronics Market Coverage
Material Insight and Forecast 2018-2030
- Inks
- Conductive Inks
- Conductive Silver Inks
- Conductive Copper Inks
- Transparent Conductive Inks
- Silver Copper Inks
- Carbon Inks
- Dielectric Inks
- Others
- Conductive Inks
- Substrates
- Organic Substrates
- Polymers
- Polyimides
- Polyethylene Naphthalate
- Polyethylene Terephthalate
- Paper
- Polyacrylate
- Polystyrene
- Polyvinylpyrrolidone (PVP)
- Polyvinyl Alcohol
- Other Organic Substrates
- Polymers
- Inorganic Substrates
- Glass
- Other Inorganic Substrates
- Organic Substrates
Printing Technology Insight and Forecast 2018-2030
- Inkjet Printing
- Continuous Inkjet Printing
- Drop-On-Demand Inkjet Printing
- Thermal Drop-On-Demand Inkjet Printing
- Piezo Drop-On-Demand Inkjet Printing
- Electrostatic Drop-On-Demand Inkjet Printing
- Screen Printing
- Flatbed Screen Printing
- Rotary Screen Printing
- Flexographic Printing
- Gravure Printing
- Others
Resolution Insight and Forecast 2018-2030
- Below 100 Lines/cm
- 100 To 200 Lines/cm
- Above 200 Lines/cm
Application Insight and Forecast 2018-2030
- Displays
- E-Paper Displays
- Electrochromic Displays
- Electrophoretic Displays
- Other E-Paper Displays
- Electroluminescent (EL) Displays
- OLED Displays
- Flexible OLED Displays
- LCD
- E-Paper Displays
- RFID Tags
- Batteries
- Photovoltaic Cells
- Sensors
- Touch Sensors
- Gas Sensors
- Humidity Sensors
- Pressure Sensors
- Image Sensors
- Temperature Sensors
- Others
- Lighting
- Electroluminescent Lighting
- OLED Lighting
- Others
End-User Insight and Forecast 2018-2030
- Automotive and Transportation
- Healthcare
- Consumer Electronics
- Aerospace and Defense
- Construction and Architecture
- Retail and Packaging
- Others
Geographical Segmentation
Printed Electronics Market by Region
North America
- By Material
- By Printing Technology
- By Resolution
- By Application
- By End-User
- By Country – U.S., Canada, and Mexico
Europe
- By Material
- By Printing Technology
- By Resolution
- By Application
- By End-User
- By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
Asia-Pacific (APAC)
- By Material
- By Printing Technology
- By Resolution
- By Application
- By End-User
- By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
Rest of the World (RoW)
- By Material
- By Printing Technology
- By Resolution
- By Application
- By End-User
- By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries