Printed electronics is a method of printing to create electrical circuits. In printed electronics method, the conductive polymers and inks are printed onto the fabrics or foils. The printed electronics is comparatively a cost effective process when compared to the traditional methods of creating transistors, capacitors and coils. It has a wide range of applications in several industries, which includes consumer goods, electronics, media and healthcare among others. Printed electronics being the latest technology, the adoption of the technology among the above-mentioned industries are high owing to its potential benefits such as flexibility, thickness and cost among others. The printed electronics market will provide lucrative opportunities for development of new products. The global market for printed electronics will register a double digit CAGR over the forecast period.
The global printed electronics market is primarily driven by the demand for printed electronics in from the electronics industry for various electronic products such as mobile phones, LED’s among others. The need for energy efficient products with high performance and cost effective manufacturing is fostering the growth for global printed electronics market. The polymers used for printing being organic it has minimal effect on the environment and use of OLED (Organic Light Emitting Diodes) in the automotive industry, which is also contributing to the growth of printed electronics market globally. However, some of the challenges associated with the printed electronics manufacturing such as the substrate thickness, uniformity and other materials related challenges such as the ink viscosity and printability might pose as a restraint to the market.
Based on the geographic regions, global printed electronics market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. Among the aforementioned regions, APEJ will dominate the printed electronics market over the forecast period. The countries such as China, India, and South Korea will be the key contributor to the growth of printed electronics market in the region. The North America and Western Europe market for printed electronics market is followed by the APEJ market.
Over the course of time the Latin America market for printed electronics is expected to pace up. However, the APEJ market for the printed electronics market will hold the largest market share by the end of forecast period with promising growth rate over the forecast period.Some of the major players identified in the global printed electronics market include, Acreo Swedish ICT, PRINTED ELECTRONICS LTD, parc, Thinfilm, DuPont, Pragmatic Printing Limited and molex among others.
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