China printed electronics market is projected to grow at a significant CAGR of 15.5% during the forecast period (2020-2026). The growth in the electronics industry further provides significant growth in the printed electronics market. Electrical machinery & equipment is one of the major Chinese trade commodities in 2017, as per FAS. The nation’s manufacturing industry is growing at a much faster pace. Announced in 2015, the “Made in China 2025” is one of the ambitious projects aimed at increasing the competitiveness of Chinese manufacturing industries including the consumer electronics industry. Therefore, these projects in the country further encourage the electronics manufacturing industry that further provides a significant opportunity for the market growth.
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China’s mobile phone subscription has grown significantly in recent years owing to the changing lifestyle and increasing disposable income of the people. People are continuously seeking advanced features in smartphones and tablets, due to which smartphone makers are striving to fulfill consumers’ needs by developing innovative technology. Various the smartphone and tablet manufacturers in the country are using printed electronics to enhance the properties and features of smart devices. Printed electronics are frequently used to provide flexibility and light-weight like features to the smart devices. According to the International Telecommunication Union in 2017, there were more than 1.4 billion mobile phone subscriptions in China and an internet penetration rate of 54.3% was observed in the country. These facts reflect the rising demand for mobile phones in the country which is expected to fuel the printed electronics demand in the country.
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China Printed Electronics Market – Segmentation
By Material
· Inks
· Substrate
By Technology
· Screen Printing
· Inkjet Printing
· Flexographic Printing
· Others (Gravure Printing)
By Application
· RFID Tags
· Displays
· Photovoltaic Cells
· Lighting
· Others (Sensors)
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