Printed Electronics Market Size to Reach $19.15 Billion by 2025
February 14, 2017 | PRNewswireEstimated reading time: 2 minutes
The global printed electronics market is projected to reach USD 19.15 billion by 2025, according to a new report by Grand View Research, Inc. The surging demand for the flexible electronics at low manufacturing costs and the need for eco-friendly technologies are paving the way for increased adoption of the technology.
Additionally, the increasing penetration of IoT worldwide is proving to be a prime factor in pulling the printed electronics market over the forecast period. The continuously growing demand for IoT in the telecommunication industry for enhancing the network and optimizing the performance along with operations is expected to propel the application of technology over the forecast period.
Numerous technological advancements and developments have led to the evolution of various electronic gadgets and instruments. The growing awareness and user-friendly technologies are leading to the early adoption of these innovative products significantly.
Competent players of the industry are investing largely on the related R&D activities in order to enrich the product portfolios and establish their presence in the market. Eventually, adoption of the efficient and reliable technologies such as printed electronics has turned out to be a necessity for the manufacturers across the globe. Therefore, the printed electronics is anticipated to seek a notable attention across the consumer electronic sector over the forecast period.
The printed electronics market is categorized based on the materials needed, technologies, and the devices holding a major application over the forecast period. The Asia Pacific region contributes to the major demand of the conductive inks and is expected to hold the grip over the estimated time. This demand can be accredited to the increased production of consumer electronics across the regional countries.
However, the North America and European countries such as UK, Germany, and Norway includes various organizations and associations involved in the promoting and investing in R&D for developing the printed electronics technology. Furthermore, the Asia Pacific region is also expected to witness heavy demand which has led the companies to invest heavily for enhancing the ink quality, reliability, and other conductive properties.
The characteristic features of the inkjet technology such as less ink consumption and material wastage, flexibility, compactness, and less initial investment is leading the technology to experience a noteworthy swift over the estimated period. Furthermore, printed electronic RFID devices is another segment to observe a remarkable rise over the forecast period owing to the demanding application in the packaging sector; hence, impacting positively for strengthening the global printed electronics market across the globe.
Suggested Items
Electronics Industry Sentiment Rose in April, Hitting New High
05/02/2024 | IPCApril 2024 marked the third consecutive month of sentiment growth among electronics manufacturers. When asked if they expected labor costs for hourly workers to rise over the next month, manufacturers in the United States, Mexico, and Europe predicted a five percent increase, while manufacturers in Asia predicted a slightly lower four percent increase.
iNEMI Names Grace O'Malley CTO
05/02/2024 | iNEMIThe Board of Directors of the International Electronics Manufacturing Initiative (iNEMI) has named Grace O'Malley Chief Technical Officer (CTO).
ZESTRON Academy Launches 2024 Advanced Packaging & Power Electronics Webinar Series
05/01/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, proudly announces the launch of its highly anticipated webinar series on Advanced Packaging & Power Electronics, a webinar series on the latest innovations, cleaning, and corrosion challenges.
NextFlex Convenes the Hybrid Electronics Community at Binghamton University
05/01/2024 | NextFlexBinghamton University hosted the NextFlex hybrid electronics community on April 18 for a day of expert presentations, breakout sessions on technology and manufacturing topics, and networking.
HQ NextPCB of HQ Electronics Debut on the International Stage for Electronics Manufacture at IPC APEX 2024
05/01/2024 | PRNewswireHQ NextPCB of HQ Electronics, a leading Chinese-based multilayer PCB manufacturer and assembly house showcased its industrial prowess on the international stage for the first time at the IPC APEX Expo 2024.