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Internet of Things Drives Printed Electronics Market; To Hit $12.10B by 2022
October 24, 2016 | PRNewswireEstimated reading time: 2 minutes
According to the new market research report on the "Printed Electronics Market by Material (Ink, Substrate), Technology (Inkjet, Screen, Gravure, Flexographic), Device (Sensors, Displays, Batteries, RFID, Lighting, Photovoltaic) and Geography - Global Forecast to 2022", published by MarketsandMarkets, the market was valued at USD 3.13 Billion in 2015 and is expected to reach USD 12.10 Billion by 2022, at a CAGR of 22.38% between 2016 and 2022.
The most significant factor driving the printed electronics market is the increasing penetration of Internet of Things which is necessitating the demand for printed electronic products.
Screen printing to hold largest share of the printed electronics market
The older printing technology, screen printing, is expected to hold the major share of the technology market during the forecast period. Screen printing is the most commonly used printing technology by printed electronics manufacturers as it adds simplicity, adaptability, speed, and affordability to the fabrication process; this makes screen printing technology faster and more versatile in comparison with other printing tools.
Inorganic substrates expected to grow at the highest rate
The market for inorganic substrates is expected to grow at the highest rate during the forecast period. A large number of research and development activities are going on in the inorganic substrate space. Their demand in various new applications is also increasing which would drive the market for them in the forecast period.
Asia-Pacific is the major consumer of the printed electronics market
Asia Pacific is expected to account for the largest share of the total Printed Electronics Market in 2016. This region has emerged as a major electronics manufacturing hub with robust manufacturing activities in countries such as China, Japan, India, and South Korea, which is boosting the demand for printed electronics systems in this region.
The report also profiles the most promising players in the printed electronics market. The competitive landscape of the market presents a very interesting picture where a large number of big and small players have become a force to reckon with. The key players in the printed electronics market are ThinFilm Electronics ASA (Norway), GSI Technologies, LLC (U.S.), PARC, Inc. (U.S.), BASF SE (Germany), E.I. DuPont de Nemours & Co. (U.S.), NovaCentrix (U.S.), Enfucell OY (Finland), Molex, Inc. (U.S.), E Ink Holdings Inc. (China), YD Ynvisible, S.A. (Portugal), and T-ink, Inc. (U.S.) among others.
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
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