The report "Printed Electronics Market with Covid-19 Impact by Printing
Technology (Screen, Inkjet, Gravure), Application (Displays, Sensors,
Batteries), Material (Inks, Substrates), End-Use Industry, and Geography -
Global Forecast to 2025" is projected to grow from USD 7.8 billion in
2020 to USD 20.7 billion by 2025; it is expected to grow at a CAGR of 21.5%
during the forecast period. 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.
The displays application segment is expected
to account for the largest size of the printed electronics market from 2020 to
2025.
Printed displays are
mainly used in consumer electronics such as wearables and mobile devices.
Increased demand for energy-efficient, thin, and flexible consumer electronic
products is fueling the demand for printed displays globally. Leading manufacturers
have introduced thin, flexible, and energy-efficient displays developed using
the organic light-emitting diodes (OLED) technology in the market. OLED
technology is one of the major applications of printed electronics and is being
used in high-end smartphones. Thin and rollable printed displays are used in a
variety of applications such as e-paper displays, digital signage boards,
smartphones, TV sets, and other consumer electronics. Significant developments
have been undertaken in the field of flexible electronics and printed displays.
These displays are expected to become the future mainstream displays for a
number of consumer electronics.
The aerospace & defense end-use industry
segment of the printed electronics market is projected to grow at the highest
CAGR during the forecast period.
The aerospace &
defense segment of the printed electronics market is projected to grow at the
highest CAGR during the forecast period owing to the increasing use of printing
electronics-based lighting in automobiles and home appliances. Printed
electronics are largely being adopted in the aerospace & defense industry
owing to their lightweight, less complexity, and high reliability, which
ultimately results in their low maintenance requirements. Printed sensors and
batteries are used to monitor environments and remote assets of military
establishments. They can be used in devices that are employed for the
surveillance of inaccessible environments. Printed display panels are also
deployed in rugged systems, which are used in defense applications. They are
also used in cockpits and navigational systems of aircraft.
The printed electronics market in APAC is
expected to account for the largest size of the printed electronics market in
2020.
Countries such as
China, Japan, South Korea, and Australia are major contributors to the growth
of the printed electronics market in APAC. Factors such as the acceptance of
innovative technologies and the increased popularity of advanced consumer
electronics are driving the growth of the printed electronics market in APAC.
The region is a manufacturing hub for electronic devices and components. The
growth of the printed electronics 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 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),
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).
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