The printed electronics market is estimated to reach USD 13.6 billion by 2023 from USD 6.8 billion in 2018, at a CAGR of 14.92% during 2018-2023.
Printed electronics is gaining high traction worldwide owing to the rise in the application of printed electronics in the Internet of Things (IoT). The high demand for thin, robust, and flexible substrates for producing secure and cost-effective and significant cost advantages provided by printed electronics are the other major factors driving the market growth. However, the dearth of technical know-how and highly skilled system integrators restricts the growth of the said market to a certain extent.
Market for inkjet printing to register highest growth rate during forecast period
Inkjet printing is a contactless printing process used in applications requiring uniform thickness. Unlike screen printing, inkjet printing is used in emerging applications such as textile and industrial. Inkjet printing is also gaining high traction in commercialized applications, such as sensors, OLEDs, and PVs owing to its ability to digitally control the ejection of ink droplets of defined volume and precisely position them onto a substrate.
Printed displays to hold the largest market share in 2018
Printed displays are mainly used in consumer electronic products such as wearables and mobile devices. Increasing proliferation of lightweight, innovative, and flexible displays in consumer electronic devices is fueling the demand for printed displays. Rising demand for connected and IoT devices in the consumer electronics industry is also propelling the growth of the printed display market.
Market for aerospace & defense industry to register highest growth rate during forecast period
In the aerospace & defense industry, this technology is used in an unmanned aerial vehicle (UAV) owing to its advantages such as lightweight, less complexity, and high reliability, which ultimately results in low maintenance requirements. Emerging applications in the aerospace & defense industry, such as avionics, high-power lasers, radars, nanodevices, stents, high-power electromagnetic systems, and nitrogen systems are creating a need for miniaturization and micro-miniaturization of systems. Printed electronics is a high-reliable and cost-effective solution to meet these requirements in the aerospace & defense industry.
APAC to register highest growth rate during forecast period
The market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is a hub for a large number of manufacturers of electronic devices and components. The growth can be attributed to the huge production of electronic components and increased investments in R&D in the region. Moreover, factors such as technological improvements, increased awareness regarding the benefits of printed electronics, and its ability to lower the production cost are contributing toward the growth of the printed electronics market in the region.
Key players in the printed electronics market include Samsung (South Korea), LG (South Korea), DuPont (US), BASF (Germany), Agfa-Gevaert (Belgium), Air Products and Chemicals (US), Nissha USA (US), NovaCentrix (US), Molex (US), E Ink Holdings (US), Ynvisible Interactive (Portugal), and Palo Alto Research Center (PARC) (US).
Key Topics Covered:
1 Introduction 1.1 Study Objectives 1.2 Definition 1.3 Study Scope 1.4 Currency 1.5 Limitations 1.6 Market Stakeholders
2 Research Methodology 2.1 Research Data 2.2 Market Size Estimation 2.3 Market Breakdown and Data Triangulation 2.4 Research Assumptions
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in Printed Electronics Market (2018-2023) 4.2 Printed Electronics Market for Inkjet Printing, By Device 4.3 Printed Electronics Market for Sensors, By Technology 4.4 Printed Electronics Market in APAC, By End-User Industry 4.5 North American Printed Electronics Market, By Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 22.214.171.124 Rise in Applications of Printed Electronics in IoT 126.96.36.199 High Demand for Thin, Robust, and Flexible Substrates for Producing Secure and Cost-Effective Printed Electronics 188.8.131.52 Significant Cost Advantages Provided By Printed Electronics 5.2.2 Restraints 184.108.40.206 Dearth of Technical Know-How and Highly Skilled System Integrators 5.2.3 Opportunities 220.127.116.11 New Functionalities, Applications, and Integration of Printed Electronics Into Multiple Products 18.104.22.168 Increased Trend of Building Electronics Using Additive Manufacturing 5.2.4 Challenges 22.214.171.124 Developing New and Cost-Effective Inks 126.96.36.199 Educating Partners and Clients About 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 188.8.131.52 Continuous Inkjet Printing is Highly Advanced, Fast, and Versatile Compared to Drop-On-Demand Inkjet Printing 6.2.2 Drop-On-Demand Inkjet Printing 184.108.40.206 Drop-On-Demand Inkjet Printing is Mainly Driven By Packaging and Industrial Applications 6.3 Screen Printing 6.3.1 Flatbed 220.127.116.11 Flatbed Printing is Most Preferred With Products That Require Precise Thickness 6.3.2 Rotary 18.104.22.168 Rotary Screen Printing Holds Inks Better and Longer Than Other Printing Methods 6.4 Flexographic Printing 6.4.1 Flexographic Printing Uses UV Curable Inks That Help in Improving Image Quality 6.5 Gravure Printing 6.5.1 Gravure Printing is the Least Complex Technique That Provides the Highest Resolution 6.6 Others 6.6.1 3d Printing 22.214.171.124 Low Wastage of Raw Materials and Innovative Structure Drive the Growth of the Market for 3d Printing Technology 6.6.2 Offset Printing 126.96.36.199 Long-Lasting Quality is Driving the Offset Printing Technology Market 6.6.3 Reel-To-Reel Printing 188.8.131.52 Reel-To-Reel Printing Offers the Freedom to Set the Width at Any Length 6.6.4 Pneumatic Printing 184.108.40.206 Benefit of Pneumatic Printing Includes the Automatic Setting of Time and Temperature 6.6.5 Aerosol Jet Printing 220.127.116.11 Aerosol Jet Printing is Mainly Used for High-Volume Production of Printed Antennas, Displays, and 3d Printed Electronics 6.6.6 Offset Printing 18.104.22.168 Offset Printing is the Most Demanded Technique Owing to Its High-Throughput for Industrial-Scale Applications 6.6.7 Nanoimprinting 22.214.171.124 Nanoimprinting Technique is Driven By Demand for Lightweight, Ultra-Thin, Bendable, and Transparent Electronic Components
7 Printed Electronics Market, By Application 7.1 Introduction 7.2 Displays 7.2.1 E-Paper Displays 126.96.36.199 Increasing Demand for E-Books, E-Newspapers, and Mobile Displays is Expected to Increase the Adoption of E-Paper Displays 7.2.2 Electroluminescent Displays 188.8.131.52 Increase in the Demand for Displays With Larger Emitting Areas to Drive the Growth of the Market for Electroluminescent Displays 7.3 RFID Tags 7.3.1 The Antenna is the Biggest Component of RFID Tags 7.4 Batteries 7.4.1 Low Cost, Environmental Friendliness, Non-Toxic and Disposable Materials Make Printed Batteries an Attractive Market 7.5 Photovoltaics 7.5.1 The Low Cost of Printed Electronics Technology Drives the Market for Printed PV Cells 7.6 Sensors 7.6.1 Touch Sensors 184.108.40.206 Consumer Electronics is Expected to Dominate the Printed Electronics Market for Touch Sensors 7.6.2 Gas Sensors 220.127.116.11 Market for Gas Sensors is Driven By the Growing Awareness About Reducing Carbon Footprints to Improve Air Quality 7.6.3 Humidity Sensors 18.104.22.168 Demand for Printed Humidity Sensors is Driven By Their Application in Hvac Systems, Medical Devices, and Automobiles 7.6.4 Pressure Sensors 22.214.171.124 Developments in Printed Pressure Sensors Had Brought Advancements in the Pressure Sensor Market 7.6.5 Image Sensors 126.96.36.199 The Image Sensor Market Growth is Driven By High Adoption of Flexible Image Sensors 7.6.6 Temperature Sensors 188.8.131.52 Demand for Reliable, High-Performance, and Low-Cost Sensors in Temperature Measurement and Control Applications has Boosted the Demand of Printed Temperature Sensors 7.6.7 Proximity Sensors 184.108.40.206 Increasing Research and Development is Expected to Boost the Demand for Proximity Sensor 7.6.8 Other Sensors 7.7 Lighting Solutions/Devices 7.7.1 Electroluminescent Lighting (EL) 220.127.116.11 Low-Intensity Lighting Solutions are Likely to Boost the Growth of the Market for Electroluminescent Lighting (EL) 7.7.2 Organic Light-Emitting Diode (OLED) Lighting 18.104.22.168 Significant Investment in Organic Light-Emitting Diode (OLED) Lighting Drives Market Growth 7.8 Other Devices
8 Printed Electronics Market, By End-User Industry 8.1 Introduction 8.2 Automotive and Transportation 8.2.1 Automotive and Transportation Industry Expected to Continue to Accounted for the Largest Share of Printed Electronics Market During the Forecast Period 8.3 Healthcare 8.3.1 Wide-Scale Adoption of Printed Sensors in the Medical Field is Driving the Growth of the Printed Electronics Market for the Healthcare Industry 8.4 Consumer Electronics 8.4.1 Screen Printing is Playing A Vital Role in the Growth of the Consumer Electronics Industry 8.5 Aerospace and Defense 8.5.1 Market for the Aerospace & Defense Industry is Estimated to Grow at the Highest CAGR During the Forecast Period 8.6 Construction and Architecture 8.6.1 Requirement for Thin, Lightweight, and Flexible Devices Drives the Printed Electronics Market Growth in the Construction and Architecture Industry 8.7 Retail and Packaging 8.7.1 Rising Demand for Smart Packaging is Expected to Boost the Retail and Packaging Industry in the Coming Years 8.8 Other Industries
9 Printed Electronics Market, By Material 9.1 Introduction 9.2 Substrates 9.2.1 Organic Substrates 22.214.171.124 Oligomers 126.96.36.199.1 Printed PV Cells Have Good Potential in Plastic-Based Oligomers 188.8.131.52 Molecules 184.108.40.206.1 Molecules are Widely Preferred in Light-Emitting Capacitors (LECS) and Panel Backlights in Instrument Panel Displays 220.127.116.11 Polymers 18.104.22.168.1 Printing With Polymers Leads to Low-Cost Printing of Electronics on Flexible Substrates 22.214.171.124 Paper 126.96.36.199.1 Paper is Widely Used in Smart Packaging and RFID Tags 9.2.2 Inorganic Substrates 188.8.131.52 Silicon 184.108.40.206.1 Silicon Holds A Promising Future in High-Power Electronic Applications Such as Electronic Chips and Thin-Film Transistors 220.127.116.11 Glass 18.104.22.168.1 The Most Commonly Used Method for Printing Over Glass is Screen Printing 22.214.171.124 Metal Oxides 126.96.36.199.1 Key Benefits of Metal Oxide Include Lower Power Consumption and Rugged Structure 9.3 Inks 9.3.1 Conductive Inks 188.8.131.52 The Use of Metals in Conductive Inks Makes Them Best Suited for Printed Electronic Components 9.3.2 Dielectric Inks 184.108.40.206 UV-Cured Dielectric Inks Offer Good Printability and Excellent Flexibility Compared to Conductive Inks 9.3.3 Others
10 Geographic Analysis 10.1 Introduction 10.2 Asia Pacific 10.2.1 China 10.2.1.1 China Expected to Lead the Printed Electronics Market in APAC 10.2.2 Australia 10.2.2.1 Research and Development Activities are Expected to Boost the Printed Electronics Market Growth in Australia 10.2.3 Japan 10.2.3.1 High Adoption of Next-Generation Technologies Propels the Printed Electronics Market Growth in Japan 10.2.4 South Korea 10.2.4.1 Printed Displays, Under the Application Segment, Have Huge Growth Potential in South Korea 10.2.5 Rest of APAC 10.3 Americas 10.3.1 North America 10.3.1.1 US 10.3.1.1.1 US Accounts for the Largest Size of the Printed Electronics Market in North America 10.3.1.2 Canada 10.3.1.2.1 Canada is Expected to Witness the Highest Growth Rate in the Printed Electronics Market in North America 10.3.1.3 Mexico 10.3.1.3.1 Mexico is Expected to Grow Slowly Due to the Low Adoption Rate of Printed Electronics in Most Industries 10.3.2 South America 10.3.2.1 Significant Investment in Organic Photovoltaics is Expected to Boost the Printed Electronics Market Growth in South America 10.4 Europe 10.4.1 France 10.4.1.1 France is the Second-Largest European Market for Printed Electronics 10.4.2 Germany 10.4.2.1 Widespread Adoption of Printed Electronics in Automotive and Consumer Electronics Industries is Driving the Growth in Europe 10.4.3 UK 10.4.3.1 The UK is Expected to Witness the Highest Growth Rate in the European Printed Electronics Market During the Forecast Period 10.4.4 Rest of Europe 10.5 RoW 10.5.1 Middle East 10.5.1.1 Growing Customer Awareness Regarding the Latest Technologies is Surging the Demand for Printed Electronics in the Middle East 10.5.2 Africa 10.5.2.1 Growing Market for Electronics Manufacturing is Expected to Fuel the Printed Electronics Market Growth in Africa