Printed Electronics Market to Reach $55.7 Billion Globally by 2032 at 20.1% CAGR: Allied Market Research

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Jan 10, 2024, 05:03 ET

Growing demand for innovative, flexible electronics and the rising emphasis on touchless technologies in response to health and safety concerns are anticipated to drive the growth of the global printed electronics market during the forecast period. The Asia-Pacific region held the majority of the market share in 2022.

WILMINGTON, Del., Jan. 10, 2024 /PRNewswire/ -- Allied Market Research has recently published a report, titled, "Printed Electronics Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology (Inkjet Printing, Screen Printing, Gravure Printing, Flexographic Printing), by Material (Inks, Substrates), by Application (Display, Photovoltaic, Lighting, RFID, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global printed electronics market generated $9.4 billion in 2022, and is anticipated to generate $55.7 billion by 2032, witnessing a CAGR of 20.1% from 2023 to 2032.

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310 – Pages
111 – Tables
53 – Charts

Prime Determinants of Growth

The increasing demand for innovative, flexible electronics and the rising emphasis on touchless technologies in response to health and safety concerns are key factors boosting the growth of the printed electronics market. However, the challenges of limited printing resolution, adaptation difficulties for traditional industries, and the necessity for uniformity in production processes are anticipated to hinder market growth during the forecast period. On the other hand, continuous advancements in material science and printing technology are anticipated to unlock lucrative opportunities, boosting the performance and capabilities of printed electronic devices and driving future market growth.

Report Coverage & Details:

Report Coverage	Details
Forecast Period	2023–2032
Base Year	2022
Market Size in 2022	$9.4 billion
Market Size in 2032	$55.7 billion
CAGR	20.1 %
No. of Pages in Report	310
Segments covered	Technology, Material, Application, and Region
Drivers	Rising demand for touchless interfaces, driven by health and safety concerns Increasing adoption of printed electronics owing to its various benefits over traditional methods.
Opportunities	Growing opportunities in the energy harvesting sector, with the integration of printed solar cells and energy storage devices Continuous research and development efforts, particularly in material science and printing technology
Restraints	The difficulty of incorporating printed components into existing production processes

COVID-19 Scenario

The COVID-19 pandemic significantly impacted the growth trajectory of the global printed electronics market. The increased emphasis on health and safety standards during the pandemic drove a surge in demand for touchless technologies, such as touchless sensors, displays, and flexible electronics.
This increased the demand for printed electronics, particularly in healthcare, retail, and public settings, boosting the innovation and widespread acceptance of printed electronic products.
As remote work became the new norm, the demand for technological equipment, including smart home systems, wearable electronics, and e-learning tools, significantly increased, thus fueling the market growth. The pandemic, although disruptive, ultimately played a role in driving innovation and growth within the printed electronics industry.

Technology: Screen Printing Sub-Segment Grabbed a Leading Market Share in 2022

The screen-printing sub-segment dominated the global printed electronics market share in 2022, holding a major share of 37.9%. The sub-segment is expected to witness substantial growth in the forecast period mainly due to the increasing integration of screen-printing technologies into vehicle dashboards, mirrors, and windows, enhancing the driving experience and boosting the demand for visually appealing and technologically advanced interior designs.

Material: Ink Sub-Segment to Grab Highest CAGR during the Forecast Period

The ink sub-segment led the market in 2022, holding a substantial share of 58.3%. This dominance is expected to continue during the forecast period, growing with a CAGR of 20.3%. The growth of the sub-segment is mainly due to the increasing versatility of ink compositions, offering varied functionalities such as semiconducting, insulating, and biocompatible characteristics, thus boosting the development of multifunctional gadgets and fostering grassroots innovation.

Application: Display Sub-Segment to Grab Highest Market Share by 2032

The display sub-segment dominated the market in 2022, holding a major share of 46.9%. This dominance is expected to continue by 2032, holding a major share of 48.6%. This growth is mainly due to the increasing integration of electronic displays into various products, from packaging to clothing and built-in surfaces.

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By Region: Asia-Pacific to Grab Highest CAGR during the Forecast Period

The Asia-Pacific region dominated the global printed electronics industry in 2022, holding a major share of 45.8%. This dominance is expected to continue during the forecast period, growing with a CAGR of 20.9%. The rising trend towards miniaturization and a growing demand for small, lightweight solutions has driven a rising demand for printed electronics in North America. Moreover, increased industrial expansion and diverse adoption of printed electronics in sectors like consumer electronics and healthcare are likely to contribute to the continuous growth of the regional market during the forecast period.

Leading Players in the Printed Electronic Market:

Agfa-Gevaert Group
Nissha Co. Ltd
Samsung Electronics Co., Ltd.
DuPont (EI) De Nemours
E Ink Holdings Inc.
Molex LLC
NovaCentrix
BASF SE
Palo Alto Research Center Incorporated (PARC)
LG Display Co., Ltd.

The report provides a detailed analysis of the key players of the global printed electronics market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Key Benefits for Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the printed electronics market analysis from 2022 to 2032 to identify the prevailing printed electronics market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the printed electronics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global printed electronics market trends, key players, market segments, application areas, and market growth strategies.

Printed Electronics Market Key Segments

By Technology:

Inkjet Printing
Screen Printing
Gravure Printing
Flexographic Printing

By Material:

Inks
Substrates

By Applications:

Display
Photovoltaic
Lighting
RFID
Others

By Region:

North America (U.S., Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
LAMEA (Brazil, Saudi Arabia, UAE, South Africa, Rest of LAMEA)

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