The printed electronics
market 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% from 2020 to 2025. Major factors driving
the growth of the market include 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.
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).
Samsung (South Korea)
Samsung is a leading
player in the printed electronics market. It is a multinational conglomerate
that has various subsidiaries. The company offers advanced display solutions
and is one of the leading technology companies in consumer electronics and
semiconductor products in the world. Samsung is focused on collaborating with
its customers and establishing a close network of partners. As a result,
Samsung has gained significant traction in the printed displays market across
different geographies such as Asia, Europe, and the Americas. It has ties with
several technologically advanced suppliers of printed electronic components.
Samsung is
strategically working toward improving its ecosystem to accelerate the
development of printed displays. It is working closely with raw material
suppliers for manufacturing high-quality products as well as ensuring an
uninterrupted supply of these materials. The company is continuously
manufacturing technologically advanced and innovative consumer electronic
devices and as such, has adopted the strategies of collaborations and
partnerships with suppliers of raw materials used for developing printed
electronic components worldwide. In June 2019, it commissioned the Aerosol Jet
5X system of Optomec for the production of next-generation printed electronics.
Samsung is also increasing its yearly R&D expenditure for the development
of new and innovative printed electronics-based consumer electronic devices.
LG (South Korea)
LG is one of the
leading global suppliers of printed displays and OLED lighting panels, which
are used in television sets, mobile phones, monitors, etc. The company has
adopted the strategy of partnerships with customers to meet their requirements
for advanced printed displays. It has partnered with Apple (US) and 3D Box (South
Korea) to develop and launch new products in the printed electronics market.
These partnerships have enabled LG to achieve synergy in terms of technology
and revenue generation.
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LG has also been
focusing on expanding its business in Asia and is earning increased profits
considering the growing demand for printed displays from the continent.
Presently, the company has adopted the strategy of profit-based production of
printed electronics, and its sales structure is leveraging its existing
technologies and markets. LG is also optimizing its R&D expenses to achieve
break-even in the printed electronics business rather than increasing its
market share
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