Printed Electronics Is Estimated To Witness High Growth Owing To Rising Demand From Applications Like Healthcare and Consumer Electronics

Printed Electronics market 

The Printed Electronics market is estimated to be valued at US$ 7114.14 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:
Printed electronics refer to the process of printing electronic circuits on various substrates like paper, plastic, fabric and more using various printing techniques like screen printing, gravure printing, flexography and inkjet printing. Printed electronic technology is used to create flexible low-cost electronic circuits and devices. The major printed electronic products include displays, sensors, batteries, RFID tags and photovoltaic devices.

Market Dynamics:
Rising demand from healthcare and consumer electronics applications is a major factor driving growth of the printed electronics market. Printed electronics have applications in biomedical sensors, smart medical devices and clothing for continuous monitoring of vitals. In consumer electronics, printed conductive inks and circuits are used in smartphones, tablets, smart packaging and wearables due to benefits like lightweight, flexibility and cost-effectiveness. Furthermore, increasing investment in R&D of printed flexible displays for next generation devices will also boost market growth during the forecast period. However, high costs of production and lack of mass manufacturing are some challenges restraining market growth.

SWOT Analysis

Strength: Printed electronics offers flexibility in design and manufacturing which allows for innovative product design. It enables the production of lightweight and durable electronics. The printing process is less expensive and less wasteful compared to traditional electronics manufacturing methods.

Weakness: The demand of print electronics depends on the growth of different applications which possess risks. The lack of well-established and standardized processes and technologies pose challenges. Durability and reliability issues exist with printed electronic components and need further improvements.

Opportunity: The growing market for wearable devices and internet of things devices presents major opportunities for print electronics. Emerging applications in healthcare monitoring, smart packaging and 5G communications are expected to drive demand.

Threats: The established silicon-based microchip manufacturing dominates the electronics industry and possesses immense resources to ensure its continuity. Environmental regulations around the use of hazardous materials in printed electronics pose threats.

Key Takeaways:

The Global Printed Electronics Market is expected to witness high growth, exhibiting CAGR of 5.3% over the forecast period, due to increasing demand for lightweight and flexible printed devices. Rapid advancements in printing technologies have enabled diversified applications in various end use segments.

Regional analysis: North America dominated the global printed electronics market in 2023, accounting for around 33% of the global demand, followed by Asia Pacific. The growth in North America is driven by extensive R&D investments and adoption of printed electronics in various sectors including consumer electronics, healthcare and automotive. Asia Pacific exhibits the fastest growth on account of burgeoning electronic manufacturing in countries like China and presence of leading players.

Key players analysis: Key players operating in the printed electronics market are Ensurge Micropower ASA, T+ink, Inc., NovaCentrix, Optomec Inc., Xerox Corporation, E. I. du Pont de Nemours and Company, Vorbeck, Materials Corporation, Inc., Intrinsiq Materials, Inc., BASF SE, E-Ink Holdings Inc., Molex.Inc, PARC, a Xerox company. These players are focusing on new product innovations and partnerships to strengthen their foothold in the market.

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