The global market for printed electronics is projected to have considerable CAGR during the forecast period. The market is mainly driven due to growing demand of printed electronic devices in consumer electronics owing to its significant properties such as flexibility that could bend and stretch and make it possible for manufacturing innovative displays, printed sensors, and flexible batteries. Printed electronics devices used in consumer electronics applications such as displays, lighting, and photovoltaics are gaining popularity across the globe. These are lightweight, bendable, conformable, rugged, and non-brittle materials that are ideal for manufacturing innovative consumer electronics market.
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Flexible displays are projected to contribute significantly in the market share of the printed electronics for consumer electronics. Flexible displays are significantly adopted in smartphone, smart wearable, tablets, and smart television applications. Smartphone manufacturers such as Samsung, Nokia, Microsoft, Apple, Samsung, Xiaomi, Oppo, Huawei and so forth, have been contributing significantly into the growth of flexible electronics market for flexible displays. Asia-Pacific region is projected to create huge demand for printed electronics market in near future due to rising demand for flexible devices in consumer electronics domain from China, India, Japan and Korea.
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In addition, Emerging economies in Asia-Pacific region has been anticipated to contribute significantly for consumer electronics of printed electronics market during the forecast period. Asia-Pacific region is considered to be a lucrative region for manufacturing and sale of flexible devices such as OLED panels used in flexible displays. Flexible sensors used in healthcare applications are growing at a significant rate owing to healthcare reforms and technological advancement. In Asia-Pacific, countries such as China, India and South Korea are contributing significantly into the growth of printed electronics market. For instance, India and China are the most populous countries across the globe. Internet users in both the countries are growing at a significant rate. Sales of smartphone, tablets, smart-tv and other consumer electronics have been increasing in Asia-Pacific region owing to increasing disposable income, rising standards of living and so forth. The availability of smartphone in low cost has made smartphone affordable for everyone.
Moreover, significant properties of printed electronics for displays and sensors includes flexibility, lightweight, shatter proof, cost effectiveness, innovation and so forth. Printed electronic devices used in the consumer electronics such as mobile devices, wearable, smart devices, toys and robotics are increasingly adopted across the globe. OLED displays used in smart television, mobile devices and robotics are highly advanced and are designed to perfection. For instance, OLED displays used in smartphone have significant properties such as agility, significant screen performance, light weight and so forth. Therefore significant adoption of printed electronics components inn flexible displays further provide significant opportunity to the market growth.
Global Printed Electronics Market Segmentation
By Material
- Inks
- Substrate
By Technology
- Screen Printing
- Inkjet Printing
- Flexographic Printing
- Others (Gravure Printing)
By Application
- RFID Tags
- Displays
- Photovoltaics Cells
- Lighting
- Others (Sensors)
