With 16.56% CAGR, Printed Electronics Market to Hit US$ 130.8 Billion by 2027 | Global Industry Report
According to IMARC Group’s new report, titled “Printed Electronics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global printed electronics market size reached US$ 53.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 130.8 Billion by 2027, exhibiting a growth rate (CAGR) of 16.56% during 2022-2027.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
Printed electronics are electronic devices developed on substrates, including foil, paper, glass, fabric polymers, etc., by using carbon-based compound inks, inkjet printers, flexography, gravure, and screen-printing technologies. They include wearables, flexible keyboards, electronic skin patches, biosensors, display units, organic light emitting diodes (OLEDs), photovoltaic cells, etc. In addition to this, as compared to the traditionally utilized electronics, printed variants are more lightweight and flexible. Consequently, they are gaining traction across the globe.
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Printed Electronics Market Trends:
The widespread adoption of these devices in several industries, including aerospace, automotive, healthcare, etc., is among the key factors stimulating the printed electronics market. Moreover, the increasing need for next-generation flexible products is acting as another significant growth-inducing factor. Besides this, the inflating popularity of connected instruments is positively influencing the global market. Furthermore, the growing consumer inclination towards printed electronics in wearable devices, smart packaging solutions, medical devices, smart apparel, etc., owing to their beneficial sensing, data storage, and transmission properties, is propelling the market growth. Apart from this, continuous innovations, including the rising usage of additive manufacturing and screen-printing technologies, are further bolstering the global market. Additionally, they aid in producing fully electromechanical components with improved accuracy by using ultraviolet (UV) curable, plastisol, water, and solvent-based inks, which is also augmenting the market growth. In line with this, the introduction of panels and printed sensors that are used in the cockpits and navigation systems of military and aircraft vehicles and extensive R&D activities are expected to fuel the printed electronics market in the coming years.
Printed Electronics Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global printed electronics market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Agfa-Gevaert N.V
- BASF SE
- DuPont de Nemours Inc
- E Ink Holdings Inc
- Molex LLC (Koch Industries)
- Nissha Co. Ltd
- NovaCentrix
- Optomec Inc
- Palo Alto Research Center Incorporated (Xerox Corporation)
- Vorbeck Materials Corporation
- Ynvisible Interactive Inc.
Key Market Segmentation:
The report has segmented the global printed electronics market on the basis of on material, technology, device and region.
Breakup by Material:
- Ink
- Substrate
Breakup by Technology:
- Inkjet
- Screen
- Gravure
- Flexographic
Breakup by Device:
- Display
- Photovoltaic
- Lighting
- RFID
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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