We salute industry experts helping companies
survive and sustain in this economic pandemic; they are working day and night to help
companies take rapid-decisions by finding
- Covid Impact on Printed Electronics Market, growth/decline in
product type/use cases of Printed Electronics Market due to
cascaded impact of Covid on Extended Ecosystem..
- How top 50 companies in Printed Electronics Market are making
rapid shifts in their strategies as we speak here...
- Outside-in view of top 50 companies client and client's clients
shifting short-term priorities
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https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=197
The printed
electronics market is projected
to grow from USD 9.8 billion in 2019 to USD 19.8 billion by 2024; it is
projected to grow at a CAGR of 15.1% from 2019 to 2024. Major factors driving
the growth of the market include 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.
The
OLED displays segment is projected to account for the largest size of the
market during the forecast period.
The growth of the OLED displays segment of
the market can be attributed to the increasing demand for thin and highly
efficient displays required in different applications. The increase in the
consumer base of OLED displays suggests a huge growth potential for the OLED
displays segment. The use of printed electronics in developing OLED displays
makes them thinner, rollable, and more efficient as compared to OLED displays
developed using traditional methods.
The
inks segment of the printed electronics market is projected to grow at the
highest CAGR from 2019 to 2024.
Inks are one of the key materials used in the
fabrication of printed electronics. The increased demand for advanced printing
technologies, improved quality conductive inks, and compact devices is fueling
the growth of the inks segment of the market. For instance, graphene ink is
being developed for the development of low-cost, flexible, water-repellent, and
highly conductive electronic circuits.
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APAC
held the largest size of the printed electronics market in 2018.
Countries such as China, Japan, South Korea,
and Australia are major contributors to the growth of the printed electronics
market in the region. Factors such as the acceptance of innovative technologies
and the increased popularity of advanced consumer electronics are driving the
growth of the market in APAC. The region is a manufacturing hub for electronic
devices and components. The growth of the market in APAC can be attributed to
the large-scale production of electronic components and increased investments
in R&D activities related to printed electronics in the region.
Key
Market Players
Key players in the printed electronics market
include 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), and Molex LLC (Molex) (US).
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