With Market Size Valued at $11.6 Billion by 2026, it`s a Healthy Outlook for the Global Printed and Flexible Sensors Market

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Mar 01, 2022, 11:00 ET

SAN FRANCISCO, March 1, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Printed and Flexible Sensors - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

Printed and Flexible Sensors - FEB 2022 Report

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Edition: 17; Released: February 2022
Executive Pool: 6710
Companies: 215 - Players covered include Fujifilm Holding Corp.; GSI Technology, LLC; Interlink Electronics, Inc.; ISORG; KWJ Engineering Inc.; Peratech Holdco Ltd.; PST Sensors; T-Ink, Inc.; Tekscan; Thin Film Electronics ASA and Others.
Coverage: All major geographies and key segments
Segments: Type (Biosensors, Capacitive, Piezoelectric, Piezoresistive, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Printed and Flexible Sensors Market to Reach US$11.6 Billion by the Year 2026
Printed flexible sensors, i.e., those manufactured by depositing functional solutions or inks on flexible substrates such as plastics, paper and rubber-like polymers, rendering them thinner and lighter and featuring high mechanical flexibility. In recent years, printed and flexible sensors with the ability of efficiently detecting various stimuli related to specific biological or environmental species have been gaining widespread attention of researchers owing to their significant potential for wearable electronics and IoT applications. The applicability of stretchable and flexible electronics in device-engineering technologies has resulted in the creation of foldable, stretchable, lightweight, and slender sensors. Enabling technologies, such as ultra-thin chip technology, is likely to address existing bottlenecks in microelectronics, such as 3D integration, thus opening up new opportunities of growth for the printed and flexible sensor market. Technology developments, reduction in costs and availability in smaller and light weight form factors have been driving rapid integration of printed and flexible sensors in a range of new applications. Moreover, increased consumer demand for thin, flexible, and energy-efficient electronics products is augmenting growth in the market.

Amid the COVID-19 crisis, the global market for Printed and Flexible Sensors estimated at US$8.8 Billion in the year 2022, is projected to reach a revised size of US$11.6 Billion by 2026, growing at a CAGR of 6.8% over the analysis period. Biosensors, one of the segments analyzed in the report, is projected to grow at a 6.3% CAGR to reach US$7.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Capacitive segment is readjusted to a revised 8% CAGR for the next 7-year period. This segment currently accounts for a 3.8% share of the global Printed and Flexible Sensors market. Printed biosensors bring in superior capabilities than biosensors made by traditional technologies and therefore are rising in prominence in healthcare segment. A major application of printed biosensors comes from blood glucose level detection strips, the self-diagnosis tool used by diabetics for detecting and monitoring blood glucose level. Besides glucose monitoring strips, other medical application areas where printed biosensors are finding demand are in detection and monitoring of heart, cancer and kidney diseases. Capacitive sensing is the underlying principle of a wide range of sensors, including sensors that detect and measure humidity, displacement/position, acceleration, fluid level and proximity.

The U.S. Market is Estimated at $2.6 Billion in 2022, While China is Forecast to Reach $1.7 Billion by 2026
The Printed and Flexible Sensors market in the U.S. is estimated at US$2.6 Billion in the year 2022. The country currently accounts for a 29.87% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$1.7 Billion in the year 2026 trailing a CAGR of 8.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6% and 6.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6% CAGR while Rest of European market (as defined in the study) will reach US$1.8 Billion by the end of the analysis period. With robust growth in economy, growing demand for consumer electronics, robust automotive production, increasing healthcare spending, Asia-Pacific has been witnessing increased adoption of printed electronics, thereby driving demand for printed and flexible sensors. Growing industrialization in countries such as India and China, and increasing outsourcing of production from developed regions are key factors driving growth in the region.

Piezoelectric Segment to Reach $346.9 Million by 2026
Piezoelectric sensor is a device which uses the piezoelectric effect for measuring changes in acceleration, pressure, temperature, force, or strain by converting them to electrical charge. In the global Piezoelectric segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$212 Million will reach a projected size of US$310.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$23 Million by the year 2026. With robust growth in economy, growing demand for consumer electronics, robust automotive production, increasing healthcare spending, Asia-Pacific has been witnessing increased adoption of printed electronics, thereby driving demand for printed and flexible sensors. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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