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Growth Accelerated by Increasing Demand for Flexible Printed Electronics and Materials

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Purvaja
Growth Accelerated by Increasing Demand for Flexible Printed Electronics and Materials

Printed electronics is a collection of various electronic devices and electrical components printed on different substrates. Printing processes like screen printing, flexography, gravure, inkjet and other non-vacuum technology are widely used for manufacturing printed electronics. Printed electronics offer various advantages such as low production cost, flexibility, disposability and biocompatibility. The growing adoption of printed sensors in wearable devices and medical equipment is driving the demand for printed electronics and associated materials. The global Printed Electronics Market is estimated to be valued at US$ 7114.14 Mn in 2023 and is expected to exhibit a CAGR of 22.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the major trend driving the growth of printed electronics market is increasing demand for flexible printed electronics and flexible materials. Flexible electronics enable the fabrication of electronic circuits and devices directly on flexible plastic or fabric substrates instead of conventional rigid materials like glass or silicon wafer. This provides advantages like flexibility, light weight and conformability. Flexible and printed electronics find wide application in wearable devices, OLED lighting, e-textiles and smart packaging. The demand for flexible designs from consumer electronics is accelerating research into materials, printing methods and component designs suited for flexible electronics. Continuous technological advancements in printing techniques, conductive inks and flexible substrates are expanding possibilities for flexible printed electronics.

Segment Analysis

The printed electronics market is dominated by the flexible printed electronics segment. This is due to increasing applications of flexible electronics in various industries such as consumer electronics, healthcare, automotive, retail, and sports & entertainment. Flexible printed electronics provide advantages such as lightweight, durability, flexibility, and cost-effectiveness. Hence, they witness high demand for applications requiring flexible form factors such as wearables, displays, and smart labels & tags.

Key Takeaways

The Global Printed Electronics Market Growth is expected to witness high growth over the forecast period. This can be attributed to increasing demand for printed flexible electronics from various end-use industries and growing adoption of IoT.

Regional analysis: Asia Pacific dominates the global printed electronics market and is expected to continue its dominance in the coming years. This is owing to large presence of key players in countries such as China, Japan, and South Korea. Countries in the region are focusing on manufacturing electronic goods at competitive costs, thereby catering to rising demand. Growing electronics industry in countries such as China, Japan, South Korea, and India is contributing to market growth in Asia Pacific.

Key players operating in the printed electronics market are Regenacy Pharmaceuticals, Inc., Astex Pharmaceuticals, 4SC AG, CellCentric Ltd., Celleron Therapeutics Ltd., Bristol-Myers Squibb Company, Oryzon Genomics S.A., ChromaMedicine, Inc., Epizyme, Inc., and EpiGentek Group Inc. Oryzon Genomics S.A., ChromaMedicine, Inc., Epizyme, Inc., and EpiGentek Group Inc.

Get more insights on this topic: https://www.insightprobing.com/printed-electronics-market-growth-demand-and-overview/

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