The report "Printed
Electronics Market with COVID-19 Impact Analysis by Printing Technology
(Screen Printing, Inkjet Printing), Application (Displays, PV Cells), Resolution,
Material (Inks, Substrates), End-use Industry, and Geography - Global Forecast
to 2026", is projected to reach USD 23.0 billion by 2026 from an estimated
USD 9.9 billion in 2021, at a CAGR of 18.3% from 2021 to 2026. Increased demand
for printed electronic products in automotive and transportation industry and
growth of the consumer electronics industry are among the factors driving the
growth of the printed electronics market.
The printed
electronics market is projected to grow at a CAGR of 18.3% from 2021 to 2026
The global printed
electronics market is projected to reach USD 23.0 billion by 2026 from an
estimated USD 9.9 billion in 2021, at a CAGR of 18.3% from 2021 to 2026. 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.
In 2020,
screen printing held the major share of the printed electronics market
In 2020, screen
printing held the major share of the printed electronics market. The growth can
be attributed to the increased use of screen printing for manufacturing displays
and sensors. Screen printing is the most used technology for manufacturing
displays of commercialized devices such as smartphones and laptops; it is also
used to develop sensors and photovoltaic (PV) cells by enabling the precise
printing of thin and thick lines on substrates. Moreover, screen printing
offers a simplified application of a variety of inks and dyes, which are highly
durable and flexible.
The lighting
segment is projected to grow at the highest CAGR from 2021 to 2026
The lighting segment
of the printed electronics market is expected to grow at the highest CAGR
during the forecast period owing to an increase in the use of printed
electronics in automotive lighting solutions and home appliances. The rise in
demand for economical, customized, and energy-efficient lighting is also
fueling the growth of the market globally. Lighting based on printed
electronics is rapidly replacing tungsten, halogen, and fluorescent lamps,
which are costly. Moreover, governments of different countries have made
increased investments in the development of printed OLED-based lighting. They
have also issued directives mandating the use of energy-efficient lighting.
Automotive
& transportation held the major share of the printed electronics market in
2020
Automotive &
transportation held the major share of the printed electronics market in 2020.
There are wide application areas for devices and components based on printed
electronics. These devices and components, such as sensors and displays, can be
integrated with vehicles. For instance, prominent automotive manufacturers such
as Ford, General Motors, Nissan, Toyota, BMW, and Audi have an increasing
demand for flexible lighting for automobiles.
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APAC is
projected to grow at the highest CAGR from 2021 to 2026
APAC is projected to
grow at the highest CAGR from 2021 to 2026. The region also held the largest
share of the overall printed electronics market, followed by Americas, Europe,
and RoW. The printed electronics market in APAC is projected to grow at the highest
CAGR from 2021 to 2026. China, Japan, and South Korea adopt printed electronics
at a higher rate owing to the benefits offered by them, including transparent,
lightweight, flexible and stretchable materials. Moreover, industrial
developments and a concentration of manufacturing activities in China and Japan
drive economic growth of the region, which, in turn, is expected to result in
increased adoption of printed electronics in APAC.
Samsung Electronics
Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Molex, LLC (US),
Agfa-Gevaert Group (Belgium), Palo Alto Research Center Incorporated (PARC)
(US), DuPont de Nemours, Inc. (US), Nissha Co., Ltd. (Japan), BASF (Germany),
NovaCentrix (US), and E Ink Holdings Inc. (Taiwan) are some of the key players
in the printed electronics market.
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