ChicagoAnd October 19, 2021 /PRNewswire/ – According to a research report “Printed Electronics Market with COVID-19 Impact Analysis by Printing Technology (Screen Printing and Inkjet Printing), Application (Displays, Photovoltaics), Resolution, Materials (Inks and Substrates), End-Use Industry and Geography – Global Forecast to 2026”, Published by MarketsandMarkets™, Market Expected 23.0 billion USD By 2026 estimates 9.9 billion USD In 2021, at a compound annual growth rate of 18.3% from 2021 to 2026. Increasing demand for printed electronic products in the automotive and transportation industry and the growth of the consumer electronics industry are among the factors driving the growth of the printed electronics market.
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The printed electronics market is expected to grow at a CAGR of 18.3% from 2021 to 2026
The global printed electronics market is expected to reach 23.0 billion USD By 2026 estimates 9.9 billion USD In 2021, at a compound annual growth rate of 18.3% from 2021 to 2026. The market growth is mainly attributable to the increased use of printed electronics to develop smart and connected devices, and the rising global demand for energy, thinness, and high efficiency. Flexible consumer electronics, the high demand for the new generation of flexible printed electronics, and the significant cost advantages offered by printed electronics.
In 2020, screen printing captured the largest share of the printed electronics market
In 2020, screen printing captured the largest share of the printed electronics market. The growth can be attributed to the increased use of screen printing to manufacture displays and sensors. Screen printing is one of the most widely used technologies for manufacturing screens for commercial devices such as smartphones and laptops; It is also used to develop sensors and photovoltaic cells by enabling fine printing of thin and thick lines on substrates. Moreover, screen printing provides a simplified application of a variety of inks and pigments, which are highly durable and flexible.
The lighting sector is expected to grow at the highest CAGR from 2021 to 2026
The lighting segment of the printed electronics market is expected to grow at the highest compound annual growth rate (CAGR) during the forecast period due to the increased use of printed electronics in automotive lighting solutions and home appliances. Rising demand for economical, customized and energy-saving lighting is also fueling market growth globally. Lighting based on printed electronics replaces tungsten, halogen and fluorescent lamps, and is expensive. Moreover, governments of various countries have made increasing investments in the development of OLED-based printed lighting. They also issued directives to use energy-efficient lighting.
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Automobiles and transportation occupied the largest share of the printed electronics market in 2020
Automobiles and transportation occupied the largest share of the printed electronics market in 2020. There are wide application areas for devices and components based on printed electronics. These devices and components, such as sensors and displays, can be integrated with vehicles. For example, prominent auto manufacturers such as Ford, General Motors, Nissan, Toyota, BMW and Audi are in high demand for flexible lighting for cars.
The Asia Pacific region is expected to grow at the highest compound annual growth rate from 2021 to 2026
The Asia Pacific region is expected to grow at the highest CAGR from 2021 to 2026. The region also occupied the largest share of the overall printed electronics market, followed by the Americas, Europeand RoW. The printed electronics market in the Asia Pacific region is expected to grow at the highest compound annual growth rate (CAGR) from 2021 to 2026. ChinaAnd Japan, And South Korea Printed electronics are being adopted at a higher rate because of the benefits they provide, including transparent, lightweight, flexible and stretchy materials. Moreover, industrial developments and manufacturing activities are concentrated in China And Japan Driven economic growth in the region, which in turn is expected to lead to increased adoption of printed electronics in the Asia Pacific region.
Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Molex, LLC (US), Agfa-Gevaert Group (Belgium), Palo Alto Research Center Incorporated (PARC) (United States), DuPont de Nemours, Inc. (US), Nissha Co., Ltd. (Japan), BASF (Germany), NovaCentrix (US), and E Ink Holdings Inc. (TaiwanSome of the major players in the printed electronics market.
Electronic circuits and flexible electronics market Using analysis of COVID-19 impact by architecture type (one-sided flexible circuit, multi-layer flexible circuit), application (display screens, printed sensors), vertical (consumer electronics), and geography – global outlook to 2026
Thin films and the printed battery market With the impact of COVID-19, by type (thin film, printed), voltage, capacity, rechargeability (primary batteries, secondary batteries), application (smart packaging, medical devices), and geography – global outlook to 2025
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