The printed electronics market is anticipated to expand at 13.0% CAGR over the assessment period 2018–2013. Growth in IoT and the requirement for cost-effective and efficient development of electronic products are some of the key driving forces for the large-scale adoption of printed electronics solutions and technology on a global basis. However, the budget constraints to improve existing systems and lack of expertise act as major limiting factors for the development of the printed electronics market in the future years. Printed electronics deal with a gamut of printing technologies and methods to create electronic equipment using different substrates. Several passive or active devices are developed with the application of printed electronics, such as capacitors, thin film transistors, and resistors.
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It is also broadly employed in diverse application areas including smart labels, flexible displays, animated posters, and active clothing. Additionally, the printed electronics market is explored by several potential players globally. These enterprises in the printed electronics follow inorganic as well as organic growth approaches, which enables them to engage in strategic partnerships and product innovations. This consequently drives the demand for printed electronics product. Printed electronics are also widely adopted in the industry verticals of healthcare, consumer electronics, retail and consumer goods, aerospace and defense, automotive, and various others. Amongst these, the automotive industry contributes largely towards the prosperity of printed electronics market with applications in lighting panels, displays, and sensors. The shift towards self-directed driving vehicles extends lucrative opportunity for the printed electronics dealers to generate substantial amount of revenue from the automotive industry vertical.
The dominant players in printed electronics market include players like Agfa-Gevaert (Belgium), SAMSUNG (South Korea), Thin Film Electronics (Norway), BASF (Germany), Novacentrix (US), Molex (US), E Ink Holdings (Taiwan), Xerox (Palo Alto Research Center) (US), FM Systems (US), Intrinsiq Materials (US), and Brightvolt (US).
The global printed electronics market is segmented into industry vertical application, printing technology, application, and region. Based on industry vertical, the market is segmented into consumer electronics, retail and consumer goods, healthcare, aerospace and defense, automotive, and others. Based on printing technology, the market is segmented into screen printing, inkjet printing, gravure printing, flexographic printing, and others. Based on application, the market is segmented into RFID tags, displays, photovoltaic, batteries, lighting solutions, sensors, and other devices. Based on region, the market is segmented into Asia-Pacific, Europe, North America, and the rest of the world.
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The worldwide market for printed electronics market is expected to develop at a fair rate over the assessment period from 2018 to 2023. The geographical analysis of global printed electronics market is studied for North America, Europe, Asia-Pacific, and rest of the world.
North America is likely to rule the printed electronics market over the forecast period. North America happens to be a lucrative and advanced market in terms of adoption and development of progressive technologies in the field of printed electronics. The region has a significant potential for huge revenue generation in the printed electronics market, particularly through the consumer electronics and automotive verticals. The US is projected to be the leading player in the printed electronics market within North America region over the review period. APAC is likely to develop at the swiftest rate over the review period. Presence of several electronic devices manufacturing enterprises coupled with the availability of low cost technologies are some of the key forces fueling the demand for printed electronics in the APAC market.
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