Showing posts with label Printed Electronics Market Share. Show all posts
Showing posts with label Printed Electronics Market Share. Show all posts

Printed Electronics Market Will Propel at an 18.5% CAGR

The printed electronics market is estimated to reach USD 13.0 billion in 2023, which will increase to USD 42.4 billion, propelling at an 18.5% compound annual growth rate, by 2030.

The growth of this industry is because of the rising need for printed electronic products across different sectors, the enhancing consumer electronics sector, and the substantial cost advantages provided by printed electronics.

In 2023, the screen printer category, on the basis of printer components, is the largest contributor to the industry, with a 25% share. This can be because of the rising utilization of screen-printing technology to manufacture sensors and displays. It is primarily employed in producing displays for high commercial devices like smartphones and laptops.

The inks category, based on material components, will advance at a higher rate, of 19.0%, in the years to come. This is because of the increasing utilization of metal-based inks in producing electronic components as well as their benefits like cost-effectiveness, enhanced product performance, and low-temperature capabilities.

The substrate category will propel at the second-highest rate during this decade. This is because it is employed as a flexible substrate, making it possible to produce mechanically flexible circuits, therefore decreasing manufacturing expenses.

The display category, based on application, is the largest contributor to the printed electronics market. These displays comprise electroluminescent displays, electronic paper, and OLEDs. This resulted in the growth of developed functionality flexible screens as well as designing devices, which are employed across different fields like automobiles, wearable technology, and consumer electronics.

The automotive & transportation category, based on end user, is leading the industry, and it is also likely to observe the highest growth, during this decade. This can be because of the rising usage of IoT in automotive applications, which need high data processing capacity as well as high bandwidth to assist data types and networks for connected devices demanding remote collection and sensing.

The construction & architecture category will propel at a significant rate during this decade. This is ascribed to the increasing usage of printed electronics in energy-efficient lighting, building-integrated sensors, and smart building systems.

APAC is leading the industry in 2023, and it will also propel at the fastest rate during this decade. This will be because of the rising need for robust and flexible substrates for printed electronic circuits, the increasing end-use sectors, and the surging penetration of IoT technology in this region.

In addition, the continuous progression in digital printing technology as well as the low manufacturing price, are also aiding the regional industry expansion.

It is because of the advancing consumer electronic sector; the printed electronics industry will continue to advance in the coming years.

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Global Research Report on Printed Electronics Market Growing at a CAGR of +22.4%% During Forecast Period (2020–2030)


Valued at $35.7 billion in 2019, the global printed electronics market is predicted to generate a revenue of $363.1 billion in 2030, advancing at a 22.4% CAGR during the forecast period (2020–2030).

In terms of component, the printer category accounted for the larger share of the market in 2019. This is due to the increasing requirement for inkjet and screen printers for photovoltaic (PV) and display in different countries, in different countries, such as Brazil, the U.S., China, the U.A.E., and Germany.

The faster growth is expected to be witnessed by the material category during the forecast period in the printed electronics market. This is ascribed to the increasing usage of inks and substrates for the fabrication of printed electronic circuits, which are further utilized in various applications, such as PVs and displays.

For example, in 2019, researchers working in the chemical-biological centers at the U.S. Army Combat Capabilities Development Command successfully tested a light-emitting diode light on clothing.

When end user is taken into consideration, the highest revenue in 2019 was contributed to the printed electronics market by the automotive & transportation category, owing to the rising usage of the internet of things (IoT) technology in the sector.

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High bandwidth for supporting multiple connections, extensive data processing capabilities, and remote sensing technology are needed for the deployment of IoT for collecting data from connected devices. The smart car technology in the automotive sector is gaining traction, which makes use of printed electronics-based vehicle sensors and transceivers for connecting cars with smartphones.     
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