Global Printed Electronics Market Outlook 2017-2023

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Global printed electronics market is accounted for $3.26 million in 2016 and is expected to reach $16.36 million by 2023 growing at a CAGR of 25.9% during 2017-2023.

Factors such as growing acceptance in different manufacturing applications & electronic products, rising requirement for adaptable electronics, low manufacturing expenditure, and eco-friendly innovation are fueling the market growth. However, complex assembling processes and other material difficulties are hampering the growth of the market.

By technology, 3D printing is a procedure of manufacture three dimensional solid objects from a digital folder. Growing concerns regarding decrease in manufacturing price and straightforwardness in improvement of personalized Products are some of the factors propelling the market growth. The production of a 3D printed object is accomplished by utilizing additive processes.

In additive process an object is made by setting down progressive layers of material until the point that the object is made. Every layer can be viewed as a finely sliced flat cross-area of the eventual object. It permits to create complex shapes utilizing less material than customary manufacturing techniques.

By application, a humidity sensor detects, measures and reports the relative humidity in the air. It measures both humidity and air temperature. Relative humidity is the proportion of real moisture in the air the maximum quantity of moisture that can be taken at that air temperature. It utilises capacitive estimation, which depends on electrical capacitance. Electrical capacitance is the capacity of tw-adjacent electrical conductors to make an electrical field between them. The sensor is made out of tw-metal plates and contains a non-conductive polymer film among them.

Asia Pacific is attributed to be major revenue contributors to the market owing to the presence of several Semiconductor foundries in this region and the presence of major electronics manufacturing companies in countries such as China, Japan, India, Taiwan, and South Korea. North American and European regions are expected to grow lucaratively owing to the increasing investments in R&D and adoption of the technology in various industrial applications such as photo voltaic, lighting, and RFID devices.