The Printed Electronics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Printed Electronics Global Market Report 2024, The printed electronics market size has grown rapidly in recent years. It will grow from $11.36 billion in 2023 to $13.54 billion in 2024 at a compound annual growth rate (CAGR) of 19.2%. The growth in the historic period can be attributed to consumer electronics demand, medical device applications, growth of automotive electronics,
The printed electronics market size is expected to see rapid growth in the next few years. It will grow to $26.5 billion in 2028 at a compound annual growth rate (CAGR) of 18.3%. 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.
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.
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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
Strategic partnerships and collaborations are a key trend gaining popularity in the printed electronics market. Major companies operating in the printed electronics equipment market are focused on strategic partnerships to expand their product development activities, venture in new regions and meet their customer demands. For Instance, in February 2021, Henkel Adhesive Technologies, a Germany-based chemical, and consumer goods company announced a partnership with Quad Industries, a Belgium-based solutions provider and manufacturing of customized printed electronics for technological value creation. This partnership hopes to share technology for designing creating, prototyping, and manufacturing of printed electronics.
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
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