Thursday 9 April 2020

COVID-19 impact on the Printed Electronics Market

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  • 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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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.
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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