Latest News- Printed Electronics Market: Screen is expected to lead the Technology segment during 2024-2028

The Printed Electronics Market is being driven by Growing demand for flexible display

The Printed Electronics Market is expected to grow at a CAGR of 17.92% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 68.68 billion. In the realm of advanced technology, stretchable electronics, also known as elastic electronics, represent a significant breakthrough in the field of building electronic circuits. These innovative devices and circuits are engineered to be adaptable, with the capability to stretch and bend without compromising their functionality. They are typically affixed to or embedded within stretchable substrates, such as silicones or polyurethanes. The adoption of stretchable electronics is poised for substantial growth, particularly within the healthcare sector. The increasing demand for real-time patient monitoring, especially for those with critical health conditions, is driving the market's expansion. Furthermore, the military and sports industries are also expected to embrace this technology for health-condition tracking and management applications. Stretchable electronics offer a multitude of possibilities, including the development of cyber skins for robotic devices, implantable electronics in sponge form, and moldable energy storage devices, among others. The potential applications for this technology are vast, and its integration into various industries is set to revolutionize the way we monitor and manage health and wellness. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Technology
  • Screen
  • Inkjet
  • Gravure
  • Flexographic
• Application
  • Display
  • Sensors
  • Photovoltaics
  • Battery
  • Others
• Geography
  • APAC
    • China
    • Japan
    • South Korea
  • North America
    • US
  • Europe
    • UK
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for flexible display
• Rising use of NFC
• Increasing demand for printed electronics in automotive and transportation

However, the market also witnesses some limitations, which are as follows:

• Challenge of encapsulation
• High penetration of alternatives
• Changing market dynamics

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Market Scope in Printed Electronics Market Research Report

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Research Analysis Overview

Printed electronics is an emerging technology that utilizes various materials, such as Polyethylene Terephthalate (PET), paper, flexible foil, silicon, and glass, to create electronic components through processes like screen-printing and inkjet printing. Flexible substrates, including PET and paper, are increasingly popular in this field due to their versatility and low production cost. The substrate material segment and ink materials segment are key areas of focus in the printed electronics market. CymMetrik, a leading player in this industry, specializes in the production of printed RFID devices and OLED displays using these substrates and inks. Communication devices and display devices, such as smartphones and IoT devices, are prime applications for printed electronics, with improvements and upgrades being a constant research arena. The technology offers advantages like low power consumption, higher efficiency, and flexibility, making it a game-changer in the consumer electronics industry. Printed electronics applications extend beyond consumer electronics, with potential uses in various sectors like healthcare, automotive, and energy. The market for printed electronics is expected to grow significantly due to its potential to offer cost-effective solutions with high performance and versatility. The future of printed electronics lies in its ability to meet the increasing demand for advanced technology while maintaining a focus on sustainability and eco-friendliness.

Market Research Overview

The global semiconductor materials and equipment market encompasses companies engaged in the production of semiconductor materials, equipment manufacturing and fabrication, wafer processing, and back-end semiconductor manufacturing equipment. According to Technavio's market analysis, the market size is determined by the revenue generated from the sales of wafer processing equipment, mask/reticle manufacturing, wafer manufacturing systems, fab facilities equipment, assembly and packaging systems, and test equipment. The market's growth will be fueled by significant investments in the establishment of new semiconductor fabrication plants, driven by the escalating demand for integrated circuits (ICs) worldwide. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/