Printed Electronics Market Size to grow by USD 68679.2 million between 2024-2028
According to a research report “ Printed Electronics Market” by Technology (Screen, Inkjet, Gravure, Flexographic) Application (Display, Sensors, Photovoltaics, Battery, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 68679.2 million, at a CAGR of 17.92% during the forecast period. In the dynamic landscape of the Printed Electronics Market, OLED displays have emerged as a leading technology due to their superior display properties, including better viewing angles, compared to existing alternatives. However, the high cost of large-screen OLED displays has led manufacturers to explore LCD technology, particularly curved LCD displays. Notable brands, such as SAMSUNG, Vu Technologies, Panasonic, and Mitashi, have entered this segment with their respective offerings. SAMSUNG, for instance, has introduced its SUHD series of curved LCD TVs based on quantum dot technology, while SAMSUNG previously focused on OLED displays for its TV lineup. Despite the shift, OLED displays continue to maintain their position as a premium option in the market.
Browse market data tables, figures, and in-depth TOC on “Printed Electronics Market” by Technology (Screen, Inkjet, Gravure, Flexographic) Application (Display, Sensors, Photovoltaics, Battery, Others) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Technology, the Screen segment is projected to dominate the market size in 2024
The printed electronics market's display segment encompasses OLED displays, electrophoretic displays (EPD), electrochromic, and other printed displays. Among these, OLED displays, particularly active-matrix organic light-emitting diode (AMOLED) displays, lead the market segment in terms of revenue generation. Integration of OLED displays, including curved AMOLED, is prevalent in advanced devices such as smartphones and wearables from manufacturers like Samsung and LG. The upcoming innovation in this category is foldable displays, which are anticipated to be based on OLED technology.
By Application, Display segment is expected to hold the largest market size for the year 2024
The screen-printing process holds a prominent position in the printed electronics market, renowned for its ability to deliver high-quality and dependable printed circuits, particularly in large-area and high-volume production. This method offers several advantages over alternative printing techniques, including expeditious throughput, precise resolution, and a cost-effective unit price. Screen printing's capacity to generate thick, conductive traces makes it an ideal choice for high-current applications. Nevertheless, it is essential to acknowledge that screen printing carries certain limitations. It may not be optimal for producing intricate designs with high precision and accuracy, and the production of stencils or masks required for each unique design can necessitate considerable setup time and expense.
APAC is forecasted to hold the largest market size by region in 2024
The Printed Electronics Market represents a significant growth opportunity for businesses, with this emerging technology enabling the production of flexible, lightweight, and cost-effective electronic devices. Key market drivers include the increasing demand for wearable technology, the rise of the Internet of Things (IoT), and advancements in materials science. Companies are investing heavily in research and development to improve product performance and expand their offerings. The market is projected to reach substantial growth in the coming years.
The Printed Electronics Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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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
Printed electronics is an emerging technology that involves the use of conductive inks, such as graphene ink, metallic inks, and carbon inks, to create electronic components directly onto various substrate materials, including PET, paper, flexible foil, silicon, glass, and more. This technology encompasses various printing techniques, such as flexographic printing, offset printing, gravure printing, R2R printing, and inkjet printing. The market for printed electronics is growing rapidly, driven by the demand for smart packaging, solar energy applications, such as photovoltaic devices, and various other devices, including sensors, printed batteries, RFID, lighting, and photovoltaic devices. The inks segment, which includes conductive inks, is a significant part of this market. The high investment cost associated with the production of these inks and the need for specialized equipment have been major challenges for the printed electronics industry. However, improvements in screen-printing technologies, such as Gravure and Screen, and inkjet printing have made the production process more cost-effective and reliable. Moreover, the use of printed electronics in various applications, such as medical & healthcare, communication devices, display devices, smartphones, IoT devices, and more, has led to numerous upgrades and improvisations, including lower power consumption, higher efficiency, and lower production costs. Companies like CymMetrik are leading the way in this field, developing innovative solutions for printed RFID devices, OLED displays, and more. Overall, the future of printed electronics looks bright, with endless possibilities for new applications and advancements.
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