Printed Electronics Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Printed electronics involve the use of technology that enables the manufacturing of electronic devices that are thinner and wearable. Printed electronics are precise and produced cost-effectively. Printed electronics offer the benefit of creating devices, sensors on a variety of substrates, and also uniquely shaped devices that can be integrated into existing products. It is used to produce various kinds of electronic goods, such as electronic circuits, displays, antennas, electronic skin patches, and sensors.

Sizing and Forecast
The printed electronics market size has grown rapidly in recent years. It will grow from <b>$11.36 billion in 2023 to $13.54 billion in 2024 at a compound annual growth rate (CAGR) of 19.2%. </b> The growth in the historic period can be attributed to consumer electronics demand, medical device applications, growth of automotive electronics,

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The printed electronics market size is expected to see rapid growth in the next few years. It will grow to <b>$26.5 billion in 2028 at a compound annual growth rate (CAGR) of 18.3%. </b> The growth in the forecast period can be attributed to iot and smart devices, wearable technology, energy harvesting solutions, sustainable and eco-friendly materials, advanced manufacturing techniques. Major trends in the forecast period include flexible and wearable electronics, in-mold electronics (ime), 3d printing electronics, iot and sensor integration, technological advancements.

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Segmentation & Regional Insights
The printed electronics market covered in this report is segmented –

1) By Technology: Inkjet, Screen, Gravure, Flexographic
2) By Material: Ink, Substrate
3) By Application: Displays, RFID Tags, Batteries, Photovoltaic Cells, Lighting, Other Applications
4) By End-Use Industry: Automotive & Transportation, Healthcare, Consumer Electronics, Aerospace & Defense, Construction & Architecture, Retail & Packaging, Other End User Industries

<b>Asia-Pacific</b> was the largest region in the printed electronics market in 2023, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the printed electronics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The increasing demand from the automotive industry is expected to propel the growth of the printed electronics market going forward. The production of automobiles utilizes printed electronic devices such as tailing sensors, elements for heating, Organic light-emitting diode lights (OLED), and Organic solar cells (OPV) in daily production and assembling activities. Therefore the increase in automobile production is expected to boost the utilization of printed electronics. For instance, according to March 2020 report by Invest India, the National Investment Promotion and Facilitation Agency of India, the automobile industry in India is expected to reach $300 billion by 2026, with the passenger segment witnessing a growth of 22% to 25% in the year 2022. Furthermore, according to March 2022 report by The European Automobile Manufacturers’ Association, global car production output increased by 2.7% in 2021, with output in the US increasing by 3.1% and output in China growing by 7.1%. Therefore, the increase in demand from the automobile industry is expected to boost demand for printed electronics during the forecast period.

Key Industry Players
Major companies operating in the printed electronics market include <b> LG Display Co. Ltd., Samsung Electronics Co. Ltd., Molex LLC, Agfa-Gevaert Group, Palo Alto Research Center Incorporated, BASF SE, DuPont de Nemours Inc., Xerox Corporation, Koch Industries Inc., Jabil Inc., Bebop Sensors Inc., Sensing Tex S.L, E Ink Holdings Inc., Flex Ltd., Carre Technologies Inc., Xerox Holdings Corporation, Thin Film Electronics ASA, T+ink Inc., NovaCentrix Corp., Optomec Inc., Vorbeck Materials Corp., Brückner Maschinenbau GmbH & Co. KG, Cicor Management AG, DuraTech Industries Inc., Heidelberger Druckmaschinen AG, Henkel AG & Co. KGaA, InkTec Co. Ltd., Komura-Tech Co. Ltd., Nissha Co. Ltd., Tritek Co. Ltd. </b>

The printed electronics market report table of contents includes:

1. Executive Summary

2. Printed Electronics Market Characteristics

3. Printed Electronics Market Trends And Strategies

4. Printed Electronics Market – Macro Economic Scenario

5. Global Printed Electronics Market Size and Growth

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31. Global Printed Electronics Market Competitive Benchmarking

32. Global Printed Electronics Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Printed Electronics Market

34. Printed Electronics Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

LG Display Co. Ltd

Samsung Electronics Co. Ltd

Agfa-Gevaert Group

Palo Alto Research Center Incorporated

BASF SE

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