Global Printed Electronics Market to Grow at 16.1% During 2023-2028, Bolstered by Significant Growth of the Electronics Industry

October 07, 2021 | Electronics and Semiconductors

The latest report by IMARC Group, titled “Printed Electronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global printed electronics market reached a value of US$ 62.9 Billion in 2022. Electronics printing refers to the process of creating electronic devices by printing on different substrates. Printed electronics are related to organic and plastic electronics that use one or more inks made of a carbon-based compound. The technology is used to create various active or passive devices. They include cost-effective, lightweight, and flexible electrical components such as resistors, condensers, spools, and transistors. Nowadays, printed electronics find application in flexible displays, smart labels, active clothing, and animated posters in consumer electronics, healthcare, automotive, aerospace and defense, retail, and consumer goods.
 

Global Printed Electronics Market Trends: 

The market is primarily driven by the increasing demand for flexible electronics. Printed electronics are deployed on flexible substrates such as plastics or metals, which can be folded, rolled, twisted, or wrapped without impacting their functions. In recent years, the advancements in the Internet of Technology (IoT) are increasing the need for efficient and cost-effective electronic products, which, in turn, is propelling the market growth. Besides this, the growing popularity of wearable and mobile devices, coupled with the introduction of energy-efficient displays using organic light-emitting diodes (OLED) technology, is significantly providing a favorable market outlook. In the aerospace and defense industry, printed electronics are used for printed sensors and batteries that are utilized to monitor environments and remote assets of military establishments. They are also deployed in surveillance of inaccessible environments and navigational systems of aircraft. Furthermore, several innovations, such as the introduction of additive manufacturing and screen-printing technologies, are also fueling the demand for printed electronics across the globe. Looking forward, the market is expected to grow at a CAGR of 16.1% during the forecast period (2023-2028).
 

Market Summary: 

  • Based on the material, the market has been segmented into ink and substrate.
  • On the basis of the technology, the market has been classified into inkjet, screen, gravure, and flexographic.
  • The market has been categorized based on the device into display, photovoltaic, lighting, RFID, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being Agfa-Gevaert N.V., BASF SE, DuPont de Nemours Inc., E Ink Holdings Inc., Molex LLC (Koch Industries), Nissha Co. Ltd., NovaCentrix Corp, Optomec Inc., Palo Alto Research Center Incorporated (Xerox Corporation), Vorbeck Materials Corporation, and Ynvisible Interactive Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Material, Technology, Device, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Agfa-Gevaert N.V., BASF SE, DuPont de Nemours Inc., E Ink Holdings Inc., Molex LLC (Koch Industries), Nissha Co. Ltd., NovaCentrix, Optomec Inc., Palo Alto Research Center Incorporated (Xerox Corporation), Vorbeck Materials Corporation and Ynvisible Interactive Inc.
Customization Scope 10% Free Customization
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Global Printed Electronics Market to Grow at 16.1% During 2023-2028, Bolstered by Significant Growth of the Electronics Industry
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