Global $19.8Bn Printed Electronics Market Outlook, 2019-2024: High Demand for New Generation Flexible Printed Electronics
DUBLIN, Jan. 6, 2020 /PRNewswire/ -- The "Printed Electronics Market by Printing Technology (Screen, Inkjet, Gravure, Flexographic), Application (Displays, Sensors, Batteries, RFID, Lighting), Material (Inks, Substrates), End-Use Industry, and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The printed electronics market is projected to grow from USD 9.8 billion in 2019 to USD 19.8 billion by 2024; it is expected to grow at a CAGR of 15.1% from 2019 to 2024.
The growth of the market is mainly driven by the increased use of printed electronics for the development of smart and connected devices, rise in the global demand for energy-efficient, thin, and flexible consumer electronics, high demand for new generation flexible printed electronics, and significant cost advantages offered by printed electronics. However, the knowledge gap among different disciplines involved in the development of printed electronics is expected to inhibit the growth of the printed electronics market.
Samsung Electronics Co., Ltd. (Samsung) (South Korea), LG Electronics Inc. (LG) (South Korea), Palo Alto Research Center Incorporated (PARC) (US), Agfa-Gevaert Group (Agfa-Gevaert) (Belgium), Molex LLC (Molex) (US), Nissha Co., Ltd. (Nissha USA) (US), DuPont de Nemours, Inc. (DuPont) (US), BASF SE (BASF) (Germany), NCC Nano, LLC (NovaCentrix) (US), E Ink Holdings (US), and Ynvisible Interactive Inc. (Ynvisible Interactive) (Portugal) are the prominent players in the printed electronics market.
The screen printing technology segment is expected to account for the largest size of the printed electronics market during the forecast period
The growth of the screen printing technology segment of the market can be attributed to the increased use of screen printing technology for manufacturing displays and sensors. Screen printing is the most commonly used technology for manufacturing displays of commercialized devices such as smartphones and laptops; this technology is also used to develop sensors and photovoltaic (PV) cells by enabling precise printing of thin and thick lines on substrates.
The lighting application segment of the market is projected to grow at the highest CAGR from 2019 to 2024
Among applications, the lighting segment is projected to grow significantly during the forecast period owing to an increase in the use of printed electronics-based lighting solutions in automobiles and home appliances. Rise in demand for economical, customized, and energy-efficient lighting solutions is also fueling the growth of the market globally. Lighting solutions based on printed electronics are rapidly replacing costly tungsten, halogen, and fluorescent lamps.
The automotive & transportation segment is projected to hold the largest size of the printed electronics market during the forecast period
There are wide application areas of devices and components based on printed electronics. These printed electronics based devices and components such as sensors and displays can be integrated with vehicles. For instance, there has been an increasing demand for flexible lighting solutions for use in automobiles by the prominent automotive manufacturers such as Ford, General Motors, Nissan, Toyota, BMW, and Audi across the world. The incorporation of sensors or dimming elements in lighting devices and OLED displays, as well as the use of conductive elements in seats and windows of automobiles for heating and defogging, are the key applications of printed electronics in the automotive end-use industry.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Market Opportunities
4.2 APAC Printed Electronics Market, By Printing Technology
4.3 APAC Market, By End-Use Industry and Country
4.4 Market for Displays, By Region
4.5 APAC Printed Electronics Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased use of Printed Electronics for Development of Smart and Connected Devices
5.2.1.2 Rise in Global Demand for Energy-Efficient, Thin, and Flexible Consumer Electronics
5.2.1.3 High Demand for New Generation Flexible Printed Electronics
5.2.1.4 Significant Cost Advantages Offered By Printed Electronics
5.2.2 Restraints
5.2.2.1 Knowledge Gap Among Different Disciplines Involved in the Development of Printed Electronics
5.2.3 Opportunities
5.2.3.1 Emergence of New Functionalities and Applications of Printed Electronics and Their Integration With Multiple Products
5.2.3.2 Employment of Additive Manufacturing for Producing Printed Electronics
5.2.3.3 Use of Graphene Ink for the Development of Cost-Effective, Flexible, Water-Repellent, and Highly Conductive Printed Electronics
5.2.4 Challenges
5.2.4.1 Commercialization of New and Cost-Effective Inks
5.2.4.2 Lack of Awareness Among Manufacturers of Electronic Devices and Components About Benefits of Printed Electronics
5.3 Value Chain Analysis
6 Printed Electronics Market, By Printing Technology
6.1 Introduction
6.2 Inkjet Printing
6.2.1 Continuous Inkjet Printing
6.2.1.1 Growing Adoption of Continuous Inkjet Printing Technology Owing to Its Speed and Versatility
6.2.2 Drop-On-Demand Inkjet Printing
6.2.2.1 Thermal Drop-On-Demand Inkjet Printing
6.2.2.1.1 Increasing use of Thermal Drop-On-Demand Inkjet Printing for the Development of All-Inorganic Quantum Dot Leds
6.2.2.2 Piezo Drop-On-Demand Inkjet Printing
6.2.2.2.1 Rising Demand for Piezo Drop-On-Demand Inkjet Printing Globally Owing to Optimized Resource Utilization and Development of Robust Designs By It
6.2.2.3 Electrostatic Drop-On-Demand Inkjet Printing
6.2.2.3.1 Growing use of Electrostatic Drop-On-Demand Inkjet Printing for Selected Cost-Effective Applications
6.3 Screen Printing
6.3.1 Flatbed Screen Printing
6.3.1.1 Increasing Adoption of Flatbed Screen Printing Technology for Volume-Based Production of Large-Scale Devices
6.3.2 Rotary Screen Printing
6.3.2.1 Rising Demand for Rotary Screen Printing Due to Its Durability
6.4 Flexographic Printing
6.4.1 Growing Adoption of Flexographic Printing Technology in Different Applications Owing to High-Speed Printing Carried Out By It
6.5 Gravure Printing
6.5.1 Increasing use of Gravure Printing for Development of High-Resolution Images
6.6 Others
6.6.1 3D Printing
6.6.2 Offset Printing
6.6.3 Reel-To-Reel Printing
6.6.4 Pneumatic Printing
6.6.5 Aerosol Jet Printing
6.6.6 Nanoimprinting
7 Printed Electronics Market, By Application
7.1 Introduction
7.2 Displays
7.2.1 E-Paper Displays
7.2.1.1 Electrochromatic Displays
7.2.1.1.1 Consistent Performance and Flexibility Leading to Rise in Adoption of Electrochromic Displays Worldwide
7.2.1.2 Electrophoretic Displays
7.2.1.2.1 Rise in use of Electrophoretic Displays By E-Readers Contributing to Increase in Demand for These Displays
7.2.1.3 Other Displays
7.2.2 Electroluminescent (El) Displays
7.2.2.1 Oled Displays
7.2.2.1.1 Increasing Demand for Thin and Highly Efficient Displays Driving Growth of Market for Oled Displays
7.2.2.2 Flexible Oled Displays
7.2.2.2.1 Prevailing Trend of Flexibility in Consumer Electronic Devices Projected to Drive the Market for Flexible Oled Displays
7.2.2.3 Lcd Displays
7.2.2.3.1 High Reliability and Long Lifecycle are Expected to Lead to the Adoption of Cost-Effective Lcd Displays in Consumer Electronics
7.3 RFID Tags
7.3.1 Cost Benefits Offered By Printed RFID Tags Over Silicon Chips Contributing to Their Adoption in Different Applications
7.4 Batteries
7.4.1 Requirement of Flexible and Lightweight Batteries to Drive Demand for Printed Batteries
7.5 Photovoltaics Cells
7.5.1 Printed PV Cells Used to Enhance Efficiency of Solar Conversion Devices
7.6 Sensors
7.6.1 Touch Sensors
7.6.2 Gas Sensors
7.6.3 Humidity Sensors
7.6.4 Pressure Sensors
7.6.5 Image Sensors
7.6.6 Temperature Sensors
7.6.7 Others
7.7 Lighting
7.7.1 Electroluminescent Lighting
7.7.1.1 Flexibility and Thin-Form Factor of Electroluminescent Lighting Leading to Rise in Its Demand Worldwide
7.7.2 Organic Light-Emitting Diode (OLED) Lighting
7.7.2.1 Rise in Demand for Flexible, Rollable, and Transparent Printed OLED Lighting in Automotive and Consumer Electronics Industries
7.8 Others
8 Printed Electronics Market, By End-Use Industry
8.1 Introduction
8.2 Automotive & Transportation
8.2.1 Automotive & Transportation End-Use Industry Projected to Account for the Largest Share of Market From 2019 to 2024
8.3 Healthcare
8.3.1 Increased Adoption of Patient Monitoring Solutions and Wearable Devices in Healthcare to Fuel Demand for Printed Electronics
8.4 Consumer Electronics
8.4.1 Rise in use of Printed Electronics Displays in Consumer Electronics to Contribute to Growth of Market
8.5 Aerospace & Defense
8.5.1 Aerospace & Defense End-Use Industry Segment of Market Projected to Grow at the Highest CAGR From 2019 to 2024
8.6 Construction & Architecture
8.6.1 Rise in Demand for Smart Buildings Equipped With Printed Electronics to Lead to Growth of Market for Construction & Architecture
8.7 Retail & Packaging
8.7.1 Increased Demand for Thin and Rugged Printed Electronics Projected to Drive Growth of Printed Electronics for Retail & Packaging
8.8 Others
9 Printed Electronics Market, By Material
9.1 Introduction
9.2 Substrates
9.2.1 Organic Substrates
9.2.1.1 Molecules
9.2.1.2 Oligomers
9.2.1.3 Polymers
9.2.1.3.1 Polyimides
9.2.1.3.2 Polyethylene Naphthalate
9.2.1.3.3 Polyethylene Terephthalate
9.2.1.4 Paper
9.2.1.4.1 Polyacrylate
9.2.1.4.2 Polystyrene
9.2.1.4.3 Polyvinylpyrrolidone (PVP)
9.2.1.4.4 Polyvinyl Alcohol
9.2.2 Inorganic Substrates
9.2.2.1 Silicon
9.2.2.2 Glass
9.2.2.3 Metal Oxides
9.2.2.3.1 Silicon Dioxide
9.2.2.3.2 Aluminum Oxide
9.2.2.3.3 Titanium Oxide
9.3 Inks
9.3.1 Conductive Inks
9.3.1.1 Conductive Silver Inks
9.3.1.2 Conductive Copper Inks
9.3.1.3 Transparent Conductive Inks
9.3.1.4 Silver Copper Inks
9.3.1.5 Carbon Inks
9.3.2 Dielectric Inks
9.3.3 Others
9.3.3.1 Carbon Nanotubes (CNT)
9.3.3.2 Graphene Inks
10 Geographic Analysis
10.1 Introduction
10.2 APAC
10.3 Americas
10.4 Europe
10.5 RoW
11 Competitive Landscape
11.1 Overview
11.2 Ranking Analysis
11.3 Competitive Scenario
11.3.1 Product Launches and Developments
11.3.2 Partnerships, Agreements, and Collaborations
11.4 Competitive Leadership Mapping
11.4.1 Visionary Leaders
11.4.2 Dynamic Differentiators
11.4.3 Innovators
11.4.4 Emerging Companies
12 Company Profiles (Business Overview, Products Offered, Recent Developments, SWOT Analysis)
12.1 Key Players
12.1.1 Samsung
12.1.2 LG
12.1.3 Palo Alto Research Center (PARC)
12.1.4 Agfa-Gevaert
12.1.5 Molex
12.1.6 Nissha USA
12.1.7 DuPont
12.1.8 BASF
12.1.9 NovaCentrix
12.1.10 E Ink Holdings
12.1.11 Ynvisible Interactive
12.2 Other Key Players
12.2.1 Optomec
12.2.2 Cambridge Display Technologies (CDT)
12.2.3 Enfucell
12.2.4 Thin Film Electronics
12.2.5 Applied Ink Solutions
12.2.6 BrighTVolt
12.2.7 T+Ink
12.2.8 Printed Electronics Limited
12.2.9 Intrinsiq Materials
12.2.10 Vorbeck Materials
12.3 Right-To-Win
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