Global Printed Electronics Market: Snapshot
The growing demand for smart labels, flexible displays, active clothing, animated and decorative posters is expected to boost the growth of the global printed electronics market. The global printed electronics market is estimated to benefit from emerging trend of minimal material consumption and high-speed fabrication. Collectively, these factors have brought down the processing costs, which, in turn, has had a positive effect on the global printed electronics market. The research report states that the global market will be worth US$65.0 bn by the end of 2024 as compared to US$25.4 bn in 2015. During the forecast period of 2016 and 2024, the global market will progress at a CAGR of 11.0%. The increasing usage of nano imprint lithography technology is also anticipated to boost the global market in the coming years.
In terms of application, the global market is segmented into automotive, retail and packaging, electronics, and display among others. The report indicates that the retail and packaging segment held a dominant share in the global market in 2015, which was closely followed by automotive and electronics. The growing demand for smart packaging is expected to have a positive impact on the global market in the coming years. The other factors anticipated to support to the rise of the retail and packaging segment are increasing expenditure on consumer goods, technological advancements, and the emergence of the retail sector. Analysts anticipate that the technological advancements will augment the uptake of printed electronics in various industrial verticals such as packaging, automotive, electronic device manufacturing, and logistics during the forecast period.
Asia Pacific to Remain Frontrunner in Global Market
In terms of geography, the global printed electronics market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Out of all these regions, Asia Pacific is expected to lead the global market in terms of revenue. North America will follow suit in the coming years. The emerging economies of India, China, and Japan will be the major contributors to the regional market in the coming years. Technological advancements are expected to improve the applications of printed electronics as in areas such as e-paper displays, electroluminescent displays, and Organic Light Emitting Diode (OLED) among others. The report indicates that China and Japan will lead the regional market, while India and South Korea will follow the lead.
Screen Printing to Lead the Pack as it Remains Most Popular Form of Printing
By technology, the printed electronics market is divided into flexography, gravure printing, screen printing and ink-jet printing among others. As of 2015, the screen printing segment held a significant share in the global market. The other key segments of the global market are flexography and ink-jet printing. The extensive usage of screen printing technology across various industrial verticals such as printed electronics, thick film technology, circuit board printing, displays, and product labels among others. Analysts anticipate that the flexography segment will gain momentum in the coming years as this technology allows excellent printing quality on materials such as acetate film, plastic, foil, brown paper, and other materials that are used for packaging.
The key operating players in the global printed electronics market are Thin Film Electronics ASA, T+ink, Inc., NovaCentrix, Optomec Inc., Xerox Corporation, E. I. du Pont de Nemours and Company, Vorbeck Materials Corporation, Inc., Intrinsiq Materials, Inc., Agfa-Gevaert N.V., LEONHARD KURZ Stiftung &Co. KG, BASF SE, E Ink Holdings Inc., and Samsung Electronics Co., Ltd. among others.
Global Printed Electronics Market: Overview
Increasing technological advancement and growing application of printed electronics in the aerospace, defense, and military sector is anticipated to have a positive impact on the market for printed electronics globally. Increasing usage of organic materials for printed electronics is having a positive impact on the market. Organic materials primarily offer a low-cost alternative for flexible displays and printed electronics. Usage of flexible substrates coupled with well-established methods are some of the boosting factors for the printed electronics market. The growing usage of papers, polymers, and oligomers in the production of printed electronics is expected to have a positive impact on the market. In addition, rise in usage of nanoimprint lithography technology for printed electronics is another prime factor which is contributing in the positive development of printed electronics market. With technological advancement, different sort of nano-patterning techniques have been developed for example nano-imprinting and nano-contact printing to upgrade light extraction from Organic Light Emitting Diode (OLED) along with low-cost anti-reflection coatings for LCD displays. These advancements are fueling the growth of the market.
Global Printed Electronics Market: Segmentation Analysis
Based on material, the market is segmented into substrates and inks. Substrates are segmented into organic materials and inorganic materials. Polymers, papers among others are included in organic materials. In addition, silicon, glass among others is included in inorganic materials. Inks are segmented into dielectric inks, conductive inks among others. Ink is segmented into conductive inks and dielectric inks among others. Based on technology, the printed electronics market is segmented into flexography, gravure printing, screen printing and ink-jet printing among others. Based on application, the market is segmented into automotive, retail and packaging, electronics, display among others. Geographically, the global printed electronics market is categorized into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The market for printed electronics has been provided in (USD million) in terms of revenue as well as the CAGR for the forecast period of 2016 to 2024.
Global Printed Electronics Market: Scope of the Study
The report also provides assessment of different drivers that is impacting the global market, along with the restraints and opportunities that has also been covered under the scope of this report. For each segment (such as materials, technology applications), market dynamics analysis has been provided. All these factors helps in determining different trends that has been impacting the overall market growth. Moreover, after taking into consideration all this factors, an extensive analysis of the region wise growth parameters of printed electronics market along with the overall assessment for the forecast period of 2016-2024 has been also been provided within this report. Furthermore, the report includes the porter’s five forces and value chain analysis. Moreover, patents analysis is also included in the scope of the research. Difference between conventional and printed electronics has also been covered in the report.
The key players in the printed electronics market have been competitively profiled across the five broad geographic regions. This competitive landscape is inclusive of the various business strategies adopted by these major players and their recent developments in the field of printed electronics. Further, the report includes the market attractiveness analysis of different materials, technology on of printed electronics and insight into the major application area of the printed electronics.
Key Players Mentioned in this Report
Some of the major companies involved in the printed electronics market include Thin Film Electronics ASA (Norway), T+ink, Inc. (The U.S.), NovaCentrix (The U.S.), Optomec Inc. (The U.S.), Xerox Corporation (The U.S.), E. I. du Pont de Nemours and Company (The U.S.), Vorbeck Materials Corporation, Inc. (The U.S.), Intrinsiq Materials, Inc. (The U.S.), Agfa-Gevaert N.V. (Belgium), LEONHARD KURZ Stiftung &Co. KG (Germany), BASF SE (Germany), E Ink Holdings Inc. (Taiwan) and Samsung Electronics Co., Ltd. (South Korea) among others.
The printed electronics market has been segmented as follows:
Global Printed Electronics Market by Materials
- Organic materials
- Inorganic Materials
- Organic materials
- Dielectric Inks
- Conductive Inks
Global Printed Electronics Market by Technology
- Ink-jet printing
- Gravure printing
- Screen printing
Global Printed Electronics Market by Application
- Retail and packaging
Global Printed Electronics Market by Region
- North America
- The U.S.
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- Latin America
- Rest of Latin America