Printed Electronics Market: Information by Technology (Flexography, Ink-jet Printing, Gravure Printing), Application (Healthcare, Aerospace and Defence), and Region — Forecast till 2029

Apr 09, 2020   Introduction Printed electronics, also known as ‘emerging electronics,’ is gaining widespread popularity owing to its sleek design, lightweight, robust nature, and low-cost production. One of the sought after benefits of printed electronics is that they can be made from organic, polymeric, or inorganic materials. They enable the production and integration of printed electronic components into reel-to-reel processes that help serve single-use, ubiquitous, and new areas of application...
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Introduction

Printed electronics, also known as ‘emerging electronics,’ is gaining widespread popularity owing to its sleek design, lightweight, robust nature, and low-cost production. One of the sought after benefits of printed electronics is that they can be made from organic, polymeric, or inorganic materials. They enable the production and integration of printed electronic components into reel-to-reel processes that help serve single-use, ubiquitous, and new areas of applications. The increasing demand for IoT devices and advanced technology equipped slim electronics is anticipated to drive the printer electronics market during the forecast period.

There is a rising inclination toward the manufacturing of flexible keyboards, antennas, and electronic skin patches with the evolution of printed electronics. Nowadays, inkjet printers, which are quite fast, are used to print electric circuits, which are deployed in healthcare, aerospace, and media sectors, among others. The figure below depicts some of the most important benefits of printed electronics.

most-important-benefits-of-printed-electronicsPrinted Electronics: A Strategic Technology

As technology advances, manufacturers are designing printed electronics with intelligent labels and more flexible components. Modern circuits are thinner, lighter, and can be easily integrated into production lines. The growing market of OLEDs in photovoltaic applications and printed glucose sensors is laying a sturdy foundation for market growth.

Printed electronics originally used inks made of carbon-based compounds that served limited functionality. With the rise of IoT and AI, printed electronics can collect, store, and transmit data securely. Manufacturers are incorporating 4K displays and touch screens and stamping techniques that can print electronic ink into rigid surfaces. The technology helps in making modern objects smarter, integrated with audiovisual and 3D technologies that influence a wider range of possibilities and make human tasks easier.

Market Dynamics

Next-Gen, Thin, Contactless Printers: A Key Market Driver

The increasing use of printed electronic circuits in smart and connected devices and the consumer preference for energy-efficient, next-generation flexible consumer electronics drive the demand for printed electronics. The popularity of contactless printers, such as inkjet printers in emerging textile and industrial applications, is also increasing the demand for printed electronics. Inkjet printers digitally control the ejection of ink droplets onto substrates to design the circuit. The rising demand for OLED displays is also expected to instigate increasing adoption of the technology owing to their low production cost, low power consumption, and higher efficiency.

High Cost & Limited Availability of Raw Material: Challenges for Manufacturers

The high cost and limited availability of raw materials used in developing the best conductive inks for printed electronics hinder the market growth. Manufacturers also face challenges with trial-and-error and testing to ensure optimized operations. However, the increasing penetration of IoT and advancements in testing tools are expected to support the printed electronics market growth in the near future.

Growth of Consumer Electronics Sector Due to Demand for User-friendly and Interactive Future Smart Devices: A Growth Opportunity

The high demand for consumer electronics and wearables is expected to offer high growth opportunities for market growth as the customer lifestyle and preference change. Government initiatives promoting research on improvisation in printed electronics are expected to uncover many other areas of application. The high dependence on IoT and communication devices amid the global COVID-19 crisis is compelling manufacturers to implement such technologies into various products to satisfy consumer demand.

The increasing number of mergers and acquisitions as well as strategic distribution partnerships to focus on market development in emerging regions is expected to propel market growth. The U.S.-based Thin Film Electronics ASA recently entered into a joint venture with CymMetrik to expand its product sales in China, Taiwan, and India. The high demand in these countries, owing to the growth of the semiconductors and electronics industry is expected to gain considerable traction during the forecast period.

Advantages of Printed Electronics for End Users, Especially in the Aerospace & Defense Sector

Benifits-of-Printed-ElectronicsThe aerospace and defense segment is anticipated to register the highest growth in the printed electronics market owing to the increasing use of printed electronics-based lighting. The lightweight, high reliability, and efficiency of printed electronics-based lighting are increasing its adoption in automobiles and home appliances. Increasing disposable income, especially in developing regions, is augmenting the demand for smart wearables. Printed displays are highly demanded for the advanced programming and connectivity of wearables with IoT devices. Flexible printed electronics include smart packaging and labels, sensors, solar cells, batteries, medical devices, military equipment, and others.

Impact of COVID-19 on the Printed Electronics Market

The novel coronavirus has disrupted the supply chain and led to the cancelation of trade shows of the latest printed electronics such as LOPEC 2020, SEMICON Southeast Asia, and Smart Packaging Summit USA. As per the Events Industry Council and Oxford Economics, the global events collection for the printed electronics market accounted for USD 2.5 trillion in sales during 2017.

The current lockdowns and work from home scenarios have slowed down the market growth to some extent. However, key manufacturers are developing and promoting energy-efficient displays that use organic light-emitting diodes and OLED technology for use in high-end smartphones. In many countries, online publications devoted to printed electronics are growing rapidly to promote the latest products and help businesses, events, and ideas.

Regional Overview

Early Adoption of New Technologies & Integration with Existing Infrastructure Drive Market Growth in North America

Significant investments in Flexible Hybrid Electronics (FHE), malleable sensors, and other emerging technologies are aiding the expansion of the production and sales of printed electronic circuits gin North America. FHE technology is allowing manufacturers to develop a new generation of chips, enabling high performance, scalability, softness, and flexibility.

Key chipmakers in the U.S. and Canada are innovating novel ways to augment sales in the IoT market. The changing lifestyle has increased the demand for foldable phones, which has spurred the need for reliable display. Manufacturers are thus focusing on thin-film-display technology to be incorporated in printed circuits to allow folding and unfolding without image distortion.

Government Promoted Trade Events & Shows Drive Innovation & Productivity in the Europe Market

Over 2,500 people attended the Printed Electronics Europe, a series of events on printed, flexible, and hybrid electronics, held on April 10 and 11, 2019, in Berlin. The event was aimed to increase the adoption of printed electronics by bringing together end-users with suppliers across the value chain. Leaders from various industry verticals, such as Diageo, ABinBev, Airbus, Altran, Schreiner MediPharm, Google, United Technologies, Visionox, Sony, and Microsoft, presented their requirements and case studies of using the technology. Europe strategically plans to further conduct events and trade shows in the printed electronics market with industry experts to promote business growth.

Growing Semiconductor Industries in Emerging Economies Such as China and India to Drive Market Growth in Asia-Pacific

The rapidly emerging healthcare sector in Asia-Pacific is expected to boost the market demand by a significant percentage. Consumer consciousness is driving the growth of fitness bands and smart wearables, where sensors constitute an integral part of personalized healthcare.

The internet boom in China, South Korea, and Japan has led to an established base of mobile users for smartphones with printed electronics. The region is thus expected to witness deeper market penetration among existing potential customers. Leaders, such as Samsung and LG, are offering flexible displays designed on printed circuits for smartphones. The affordable cost price has further increased the local demand in the densely populated economies of India and China.

Growth of Healthcare & Retail Sectors to Bolster Market Growth in South America

The use of printing equipment for defining patterns on materials, such as gravure, offset, screen printing, flexography, inkjet, and lithography, is rising in South America. The low cost of manufacturing, penetration of IoT devices, and the flexible form factor of printable electronics have made the market highly advantageous for a varied range of applications. Screen printing and smart packaging are expected to hold the highest market share in the retail industry.

The Middle East & Africa to Observe a Promising Growth Rate During the Forecast Period

Researchers in the Middle East and Africa are focusing on conductive polymers and inks that can be safely printed into foils, paper, glass, and fabric at affordable costs. OPE-MENA conference is the first leading communication platform in the field of organic and printed electronics in the Middle East and North Africa in collaboration with the International OE-A Association.

Key players participate in such conferences and joint ventures to focus on the development of miniature electronic components. They also collaborate with manufacturers in the printed electronics industry, research institutes, and equipment manufacturers to test their products for further improvisations. Rising awareness and demand among end-use sectors are expected to significantly boost market growth in the Middle East and Africa.

Key Players

  • Samsung Electronics
  • LG Electronics
  • Palo Alto Research Center Incorporated (PARC)
  • Agfa-Gevaert Group
  • Molex LLC
  • DuPont de Nemours, Inc.
  • BASF SE
  • E Ink Holdings
  • Invisible Interactive Inc.
  • Xerox Company
  • Thin Film Electronics ASA

Printed Electronics Market Segmentation

By Technology

  • Flexography
  • Ink-Jet Printing
  • Gravure Printing
  • Screen Printing

By Application

  • Automotive and Transportation
  • Healthcare
  • Aerospace and Defence
  • Consumer Electronics

By Region

  • North America
  • Europe
  • Asia-Pacific
  • SAMEA

Frequently Asked Questions (FAQs)

The growing use of printed electronic circuits in smart and connected devices and the consumer preference for energy-efficient, next-generation flexible consumer electronics are the key factors expected to drive Printed Electronics Market during the forecast period.
Samsung Electronics, LG Electronics, Palo Alto Research Center Incorporated, Agfa-Gevaert Group, Molex LLC, DuPont de Nemours, Inc., BASF SE are the top players in Printed Electronics Market.
North America is expected to hold the highest market share in Printed Electronics Market.
Aerospace and Defence Application Segment is expected to be the leading segment in Printed Electronics Market during the forecast period.
Basically choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.

Introduction

Printed electronics, also known as ‘emerging electronics,’ is gaining widespread popularity owing to its sleek design, lightweight, robust nature, and low-cost production. One of the sought after benefits of printed electronics is that they can be made from organic, polymeric, or inorganic materials. They enable the production and integration of printed electronic components into reel-to-reel processes that help serve single-use, ubiquitous, and new areas of applications. The increasing demand for IoT devices and advanced technology equipped slim electronics is anticipated to drive the printer electronics market during the forecast period.

There is a rising inclination toward the manufacturing of flexible keyboards, antennas, and electronic skin patches with the evolution of printed electronics. Nowadays, inkjet printers, which are quite fast, are used to print electric circuits, which are deployed in healthcare, aerospace, and media sectors, among others. The figure below depicts some of the most important benefits of printed electronics.

most-important-benefits-of-printed-electronicsPrinted Electronics: A Strategic Technology

As technology advances, manufacturers are designing printed electronics with intelligent labels and more flexible components. Modern circuits are thinner, lighter, and can be easily integrated into production lines. The growing market of OLEDs in photovoltaic applications and printed glucose sensors is laying a sturdy foundation for market growth.

Printed electronics originally used inks made of carbon-based compounds that served limited functionality. With the rise of IoT and AI, printed electronics can collect, store, and transmit data securely. Manufacturers are incorporating 4K displays and touch screens and stamping techniques that can print electronic ink into rigid surfaces. The technology helps in making modern objects smarter, integrated with audiovisual and 3D technologies that influence a wider range of possibilities and make human tasks easier.

Market Dynamics

Next-Gen, Thin, Contactless Printers: A Key Market Driver

The increasing use of printed electronic circuits in smart and connected devices and the consumer preference for energy-efficient, next-generation flexible consumer electronics drive the demand for printed electronics. The popularity of contactless printers, such as inkjet printers in emerging textile and industrial applications, is also increasing the demand for printed electronics. Inkjet printers digitally control the ejection of ink droplets onto substrates to design the circuit. The rising demand for OLED displays is also expected to instigate increasing adoption of the technology owing to their low production cost, low power consumption, and higher efficiency.

High Cost & Limited Availability of Raw Material: Challenges for Manufacturers

The high cost and limited availability of raw materials used in developing the best conductive inks for printed electronics hinder the market growth. Manufacturers also face challenges with trial-and-error and testing to ensure optimized operations. However, the increasing penetration of IoT and advancements in testing tools are expected to support the printed electronics market growth in the near future.

Growth of Consumer Electronics Sector Due to Demand for User-friendly and Interactive Future Smart Devices: A Growth Opportunity

The high demand for consumer electronics and wearables is expected to offer high growth opportunities for market growth as the customer lifestyle and preference change. Government initiatives promoting research on improvisation in printed electronics are expected to uncover many other areas of application. The high dependence on IoT and communication devices amid the global COVID-19 crisis is compelling manufacturers to implement such technologies into various products to satisfy consumer demand.

The increasing number of mergers and acquisitions as well as strategic distribution partnerships to focus on market development in emerging regions is expected to propel market growth. The U.S.-based Thin Film Electronics ASA recently entered into a joint venture with CymMetrik to expand its product sales in China, Taiwan, and India. The high demand in these countries, owing to the growth of the semiconductors and electronics industry is expected to gain considerable traction during the forecast period.

Advantages of Printed Electronics for End Users, Especially in the Aerospace & Defense Sector

Benifits-of-Printed-ElectronicsThe aerospace and defense segment is anticipated to register the highest growth in the printed electronics market owing to the increasing use of printed electronics-based lighting. The lightweight, high reliability, and efficiency of printed electronics-based lighting are increasing its adoption in automobiles and home appliances. Increasing disposable income, especially in developing regions, is augmenting the demand for smart wearables. Printed displays are highly demanded for the advanced programming and connectivity of wearables with IoT devices. Flexible printed electronics include smart packaging and labels, sensors, solar cells, batteries, medical devices, military equipment, and others.

Impact of COVID-19 on the Printed Electronics Market

The novel coronavirus has disrupted the supply chain and led to the cancelation of trade shows of the latest printed electronics such as LOPEC 2020, SEMICON Southeast Asia, and Smart Packaging Summit USA. As per the Events Industry Council and Oxford Economics, the global events collection for the printed electronics market accounted for USD 2.5 trillion in sales during 2017.

The current lockdowns and work from home scenarios have slowed down the market growth to some extent. However, key manufacturers are developing and promoting energy-efficient displays that use organic light-emitting diodes and OLED technology for use in high-end smartphones. In many countries, online publications devoted to printed electronics are growing rapidly to promote the latest products and help businesses, events, and ideas.

Regional Overview

Early Adoption of New Technologies & Integration with Existing Infrastructure Drive Market Growth in North America

Significant investments in Flexible Hybrid Electronics (FHE), malleable sensors, and other emerging technologies are aiding the expansion of the production and sales of printed electronic circuits gin North America. FHE technology is allowing manufacturers to develop a new generation of chips, enabling high performance, scalability, softness, and flexibility.

Key chipmakers in the U.S. and Canada are innovating novel ways to augment sales in the IoT market. The changing lifestyle has increased the demand for foldable phones, which has spurred the need for reliable display. Manufacturers are thus focusing on thin-film-display technology to be incorporated in printed circuits to allow folding and unfolding without image distortion.

Government Promoted Trade Events & Shows Drive Innovation & Productivity in the Europe Market

Over 2,500 people attended the Printed Electronics Europe, a series of events on printed, flexible, and hybrid electronics, held on April 10 and 11, 2019, in Berlin. The event was aimed to increase the adoption of printed electronics by bringing together end-users with suppliers across the value chain. Leaders from various industry verticals, such as Diageo, ABinBev, Airbus, Altran, Schreiner MediPharm, Google, United Technologies, Visionox, Sony, and Microsoft, presented their requirements and case studies of using the technology. Europe strategically plans to further conduct events and trade shows in the printed electronics market with industry experts to promote business growth.

Growing Semiconductor Industries in Emerging Economies Such as China and India to Drive Market Growth in Asia-Pacific

The rapidly emerging healthcare sector in Asia-Pacific is expected to boost the market demand by a significant percentage. Consumer consciousness is driving the growth of fitness bands and smart wearables, where sensors constitute an integral part of personalized healthcare.

The internet boom in China, South Korea, and Japan has led to an established base of mobile users for smartphones with printed electronics. The region is thus expected to witness deeper market penetration among existing potential customers. Leaders, such as Samsung and LG, are offering flexible displays designed on printed circuits for smartphones. The affordable cost price has further increased the local demand in the densely populated economies of India and China.

Growth of Healthcare & Retail Sectors to Bolster Market Growth in South America

The use of printing equipment for defining patterns on materials, such as gravure, offset, screen printing, flexography, inkjet, and lithography, is rising in South America. The low cost of manufacturing, penetration of IoT devices, and the flexible form factor of printable electronics have made the market highly advantageous for a varied range of applications. Screen printing and smart packaging are expected to hold the highest market share in the retail industry.

The Middle East & Africa to Observe a Promising Growth Rate During the Forecast Period

Researchers in the Middle East and Africa are focusing on conductive polymers and inks that can be safely printed into foils, paper, glass, and fabric at affordable costs. OPE-MENA conference is the first leading communication platform in the field of organic and printed electronics in the Middle East and North Africa in collaboration with the International OE-A Association.

Key players participate in such conferences and joint ventures to focus on the development of miniature electronic components. They also collaborate with manufacturers in the printed electronics industry, research institutes, and equipment manufacturers to test their products for further improvisations. Rising awareness and demand among end-use sectors are expected to significantly boost market growth in the Middle East and Africa.

Key Players

  • Samsung Electronics
  • LG Electronics
  • Palo Alto Research Center Incorporated (PARC)
  • Agfa-Gevaert Group
  • Molex LLC
  • DuPont de Nemours, Inc.
  • BASF SE
  • E Ink Holdings
  • Invisible Interactive Inc.
  • Xerox Company
  • Thin Film Electronics ASA

Printed Electronics Market Segmentation

By Technology

  • Flexography
  • Ink-Jet Printing
  • Gravure Printing
  • Screen Printing

By Application

  • Automotive and Transportation
  • Healthcare
  • Aerospace and Defence
  • Consumer Electronics

By Region

  • North America
  • Europe
  • Asia-Pacific
  • SAMEA

Frequently Asked Questions (FAQs)

The growing use of printed electronic circuits in smart and connected devices and the consumer preference for energy-efficient, next-generation flexible consumer electronics are the key factors expected to drive Printed Electronics Market during the forecast period.
Samsung Electronics, LG Electronics, Palo Alto Research Center Incorporated, Agfa-Gevaert Group, Molex LLC, DuPont de Nemours, Inc., BASF SE are the top players in Printed Electronics Market.
North America is expected to hold the highest market share in Printed Electronics Market.
Aerospace and Defence Application Segment is expected to be the leading segment in Printed Electronics Market during the forecast period.
Basically choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.