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Printed Electronics Market to Grow at CAGR of 8.26 %, 2017-2021
September 27, 2017 | SATPRNEWSEstimated reading time: 1 minute
Printed Electronics market report provides actionable intelligence on major factors influencing the market (drivers, opportunities, industry specific challenges, and other critical issues) along with the Printed Electronics market size of various segments. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Printed Electronics market projected to grow at a CAGR of 8.26% during the period 2017-2021.
Printed Electronics Market Drivers, Challenges and Trends:
Market Driver: One of the major drivers for this market is rising demand for oled for flexible electronics. the printed electronic technology is introduced as a competitor to the crystalline semiconductor technology in several applications such as logic circuits, photovoltaic cells, and leds. ink-based systems are used to fabricate oleds in the lighting industry. oled is a flat emitting technology that is made by placing a series of organic thin films between the two conductors.
Market Challenge: One of the major factors hindering the growth of this market is complexity in manufacturing process. printed electronics technique allows the electronic and the photonic devices to be fabricated using printing-based techniques like screen printing or inkjet with conducting or semiconducting inks. printed electronics can print resistors, condensers, transistors, interconnects, and electronic circuits.
Market trend: The latest trend gaining momentum in the market is adoption of printed electronics in photovoltaics segment. Photovoltaic mainly converts solar energy into electricity. The sunlight is converted into the electricity, which then further uses the semiconductors that exhibit photovoltaic effect in the printed electronics. A photon of light excites an electron into a higher state of energy, allowing it to charge as a carrier for an electric circuit. In the photovoltaic system, the solar panels are used that consists several solar cells. The conversion of sunlight into the electricity occurs without any environmental emission; the power that is generated from the photovoltaics is considered as the clean energy.
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