Printed Electronics Market to Grow by USD47,582.09 million by 2027: Technavio
16 August 2023: Printed electronics market size is set to grow by USD47,582.09 million between 2022 and 2027 and register a CAGR of 15%, according to Technavio’s latest market research report. The market share growth by the screen segment will be significant for overall market growth during the forecast period. Screen printing is a popular technology widely used in printed electronics market, especially for applications such as flexible displays, photovoltaics, and touch screens. Thus, the screen segment is expected to further enhance the performance and versatility of screen printing for the market during the forecast period.
The market is fragmented and the degree of fragmentation will accelerate during the forecast period. Some of the major vendors of the printed electronics market include Agfa Gevaert NV, BASF SE, DuPont de Nemours Inc., Dycotec Materials Ltd., Enfucell, Fujikura Co. Ltd., Henkel AG and Co. KGaA, InnovationLab GmbH, Jabil Inc., Koch Industries Inc., Nissha Co. Ltd., NovaCentrix, Optomec Inc., Printed Electronics Ltd., Samsung Electronics Co. Ltd., Schreiner Group GmbH and Co. KG, TE Connectivity Ltd., Xerox Holdings Corp., YFY Inc. and Ynvisible Interactive Inc.
Company Offerings …
Agfa Gevaert NV – The company offers printed electronics such as transparent screen print ink used for RFID antennae and smart packaging.
BASF SE – The company offers printed electronics such as printable organic circuits used for printed displays and printed sensors.
DuPont de Nemours Inc. – The company offers printed electronics called Printed Circuit Board Materials used for films, laminates, photoresists, and metallization.
Key Factors Driving Market Growth …
– Growing demand for flexible displays notably drives the printed electronics market growth.
– OLED displays have superior display characteristics and superior viewing angles in comparison to currently available alternative technologies.
– Besides, LCD and EPD-based flexible displays are gaining popularity in the market.
– TVs with curved liquid crystal displays are also on the market. Also, other new applications for flexible displays, including kiosks, tablets, notebooks, e-readers, smart glasses, etc., are also expected to drive the demand for this technology during the forecast period.
Leading Trends Influencing the Market …
– Emergence of stretchable electronics is an emerging market trend influencing the printed electronics growth.
– Stretchable or elastic electronics is a technology, which is used to build electronic circuits. Stretchable electronic devices and circuits are placed on stretchable substrates or completely embedded in stretchable materials such as silicon or polyurethane.
– Furthermore, stretchable electronics are expected to enable a variety of new applications such as cyber skins for robotic devices, electronics that can be implanted in the human body in the form of sponges, etc.
Major Challenges Hindering the Market Growth …
– Existence of alternatives to printed electronics and the high penetration of products manufactured using alternative manufacturing techniques are the challenges hindering the printed electronics market growth.
– For instance, manufacturing processes like photolithography and vacuum deposition used to manufacture photovoltaic sensors, RFID, NFC, display, and lighting products are widely gaining adoption by electronics manufacturers globally.
– Furthermore, barriers to adopting printed electronics include production volume, scalability, product reliability, effective printing technology, and, most importantly production cost.
– Additionally, in some low-cost, high-volume applications such as RFID and printed/organic photovoltaics, scalability can significantly hinder stakeholder adoption of printed electronics.
www.technavio.com/report/printed-electronics-market-industry-analysis
