Global Printed Electronics Market Size To Worth $75.89 Billion by 2033; CAGR Of 21.57%
August 7, 2024 | GlobeNewswireEstimated reading time: 4 minutes
The Global Printed Electronics Market Size is to Grow from $10.76 Billion in 2023 to $75.89 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 21.57% during the projected period.
Printed electronics is a printing process that creates functional electrical devices including transistors, sensors, and conductive pathways on flexible substrates including paper, plastic, or textiles. It represents a cost-effective, scalable approach to creating electronics. It permits easy customization of electronic components for specific applications. This technology is gaining prominence because of its ability to create large-scale flexible electronics. The use of printed electronics creates an endless number of options in a variety of industries. In healthcare, for example, smart, wearable sensors have the potential to transform patient monitoring. Emerging interest and the inevitable shift to 5G technologies are generating new material potential in the electronics sector for the printed electronics industry. The increasing use of printed electronic circuits in smart and connected products, along with rising customer desires for energy-efficient, next-generation flexible consumer electronics, are driving demand for printed electronics. The rapid rise of the consumer electronics, healthcare, and automotive industries is a primary driver of the printed electronics market. Furthermore, when it comes to new technologies, cost reduction is frequently a constant drive for R&D. However, purchasing new equipment and materials for printed electronic research may prove costly.
The screen printing segment accounted for the largest revenue share of the printed electronics market during the projected timeframe.
Based on the technology, the printed electronics market is divided into flexography, inkjet printing, screen printing, offset printing, and others. Among these, the screen printing segment accounted for the largest revenue share of the printed electronics market during the projected timeframe. Screen printing allows printing on a wide range of substrates, including flexible and stiff materials, making it suitable for several applications. Furthermore, screen-printing technology uses a mesh to transmit ink to a substrate. This printing process creates results that are both high-quality and durable.
The inks segment is anticipated to grow at the highest CAGR of the printed electronics market during the projected timeframe.
Based on the material, the printed electronics market is divided into substrates and inks. Among these, the inks segment is anticipated to grow at the highest CAGR of the printed electronics market during the projected timeframe. Printed electronic inks have low-temperature capabilities and are cost-effective, having significant effects on product performance and manufacturing costs. Conductive inks are extensively used in printing applications. The presence of metals in conductive inks makes them appropriate for printing electronic devices and components. Conductive inks, particularly silver conductive inks, have been widely used in printed electronics.
The displays segment is projected to hold a significant market share of the printed electronics market during the projected timeframe.
Based on the application, the printed electronics market is divided into sensors & switches, displays, medical wearables, photovoltaic cells, antennas, heaters, in-mold electronics, lighting, and others. Among these, the displays segment is projected to hold a significant market share of the printed electronics market during the projected timeframe. Printed screens enable novel form factors and applications, ranging from wearables to IoT devices and beyond. Furthermore, this technology is growing steadily in a variety of device industries, including sensors, printed batteries, medical and healthcare, and media. As a result, this component contributes to the segment's growth.
North America is expected to hold the largest share of the printed electronics market over the forecast period.
North America is expected to hold the largest share of the printed electronics market over the forecast period. The region's market is differentiated by its strong emphasis on innovation and a well-established ecosystem of research institutions, startups, and large corporations creating cutting-edge printed electronics technology. North America is a pioneer in the development of novel electronic materials and printing techniques, with a particular emphasis on applications in aerospace, defense, and healthcare. Furthermore, the region has a high number of key electronics sector participants, which fuels research and commercialization in disciplines such as flexible displays, RFID technology, and smart packaging. As a result, this element contributes to the growth of the sector.
Asia Pacific is predicted to grow at the fastest pace in the printed electronics market during the projected timeframe. The rapidly developing electronics manufacturing industries in South Korea, China, and Japan, along with the growing use of printed electronics technology in consumer electronics applications, are projected to maintain the APAC region's market leadership while expanding at the quickest CAGR. Government efforts are the key driver of market expansion in this region, and they are gaining popularity due to their potential to alter a number of industries, including transportation and healthcare. Meanwhile, in January 2022, the Ministry of Electronics and Information Technology and the India Cellular and Electronics Association (ICEA) unveiled a five-year roadmap and vision for the country's electronics industry.
Europe is predicted to grow greatly during the projected period. As a result of rising R&D expenses and the technology's increased use in a variety of industrial applications, including RFID, photovoltaics, and lighting. The region is expected to increase steadily over the forecasted timeframe. The target market in Europe is continually expanding as a result of the increasing popularity of electronics and the region's embrace of cutting-edge technology.
South America is experiencing substantial growth in this industry. Because of the growing interest in environmentally friendly and low-cost technologies. These products provide up possibilities for more environmentally friendly production methods and materials, as well as cost-effective solutions for local businesses. Furthermore, partnerships and cooperation with overseas organizations and corporations are speeding up the region's use of electronics.
Suggested Items
DuPont Showcases Silver Nanowire Technologies at SID Vehicle Displays and Interfaces 2024
09/13/2024 | DuPontDuPont showcased its unique and advanced silver nanowire technologies at the SID Vehicle Displays and Interfaces 2024. Leveraging its recently acquired assets from C3 Nano, Inc.
Requirements & Systems Portal Application Now Available on the Altium 365 Cloud Platform
09/13/2024 | AltiumAltium, a global leader in electronics design systems, announced today that it has launched the Requirements & Systems Portal Application into the Altium 365 cloud platform for electronics design collaboration.
SEMI, IESA Join to Strengthen Semiconductor Ecosystem at SEMICON India 2024
09/12/2024 | SEMIIn a strategic move to further solidify India's position in the global semiconductor value chain, SEMI®, the global industry association that connects the semiconductor and electronics design and manufacturing value chain, has announced a strategic agreement with the India Electronics and Semiconductor Association (IESA), the leading industry body representing the electronics and semiconductor sectors in India.
Making Waves With Solder Paste Jetting
09/11/2024 | Josh Casper, Horizon SalesAs electronics shrink and PCB density grows, traditional solder deposition methods such as stencil printing face significant challenges. One solution making substantial waves is solder paste jetting. Solder paste jetting is no secret. In fact, the development and commercialization of this technology has been around since the early 2000s. So, why now? We’ve arrived at a time in which the maturity of this technology has intersected with new demands of electronics manufacturing.
Register Now for NEDME 2024
09/11/2024 | NEDMEThe Northwest Electronics Design & Manufacturing Expo (NEDME) is back for another year of innovation, collaboration, and industry-leading insights. On Wednesday, October 30, 2024, join professionals from the electronics design and manufacturing sector at the Wingspan Event & Conference Center for a full day of cutting-edge exhibits, expert speakers, and unparalleled networking opportunities.