The advent of the Internet of Things altered the global printed electronics market:
Global Printed Electronics Market Size Analysis:
The global printed electronics market was worth approximately USD 3,345.0 Billion in 2015 and is expected to grow at a CAGR of almost 21.3% to reach During the Forecast Period Printed(2017-2025) electronics refer to the printing methods used in the development of electrical devices on different substances. General printing tools like screen printing, flexography, gravure, offset lithography, and inkjet are used in the printing methods. These printed electronics provide cheap electronics for flexible displays, smart labels, decorative and animated posters, and active clothing.
Printed electronics are sometimes called organic electronics as one or more inks used in the process are made of carbon compounds. The low cost of these electronics has made them the best choice for several applications like RFID systems, light emitting diodes, solar cells on vehicle tops and so on. They are having a wide range of applications in aerospace, healthcare, retail & packaging, and automotive industries. Screen printing is the major revenue providing the segment of the printed electronics market.
Global Printed Electronics Market Demand :
The increasing demand for lighter electronics in the manufacturing of keyboards, electronic skin patches, and antennas, and the growing adoption of Internet of Things (IoT) are the two primary reasons promoting the global printed electronics market. Additionally, the increasing use of printed electronics in the wearable devices, advancements in the information technology, low costs and nature-friendly technology, and increased investments are also fuelling the market growth. However, the rigorous testing necessary for this amateur market is the principal constraint affecting the expansion of the market.
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Global Printed Electronics Market Regional Analysis:
Based on the regional analysis, the global printed electronics market is divided into the regions of North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific is the largest consumer of the printed electronics market with the increasing electronics manufacturing in the countries like India, China, Japan, and South Korea. The wide range of applications of these thinner electronics in various industries will create more opportunities in the future in all the regions.
Global Printed Electronics Market Leading Operators:
The leading operators in the global printed electronics market are T+ink, Inc., Thin Film Electronics ASA, NovaCentrix, Optomec Inc., E. I. du Pont de Nemours and Company, Xerox Corporation, Vorbeck Materials Corporation, Inc, Agfa-Gevaert N.V., LEONHARD KURZ Stiftung &Co. KG, Intrinsiq Materials, Inc., BASF SE, Samsung Electronics Co., Ltd. and E Ink Holdings Inc.
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