Industry Detail

Market Overview:

The Global Printed Electronics market is expected to offer an $ opportunity value of USD 33,799.70 million and expected to grow at a CAGR of 15.20% over the projected period time frame.

Global Market Size, Forecast, and Trends Over Forecast Period 2023 - 2036:

The process of printing electronics onto a variety of surfaces is known as printed electronics. Because it can create flexible electronics on a massive scale, this technology is becoming more and more popular. Printed electronics device design is greatly influenced by the choice of substrates, both flexible and rigid. High manufacturing speed, automation, and mass production compatibility are some of the main advantages of printed electronics. The advancement of current electronic technology is facilitated by printed electronics, which enable the production of thin, flexible, lightweight, and reasonably priced electronic items. Global market dynamics are being positively impacted by the high demand for thin film electronics. The affordability of printed electronics renders them a compelling choice, particularly for uses like antennas in vehicles, aeroplanes, and portable consumer gadgets.

Flexible displays, electronic paper devices, wearables, OLED luminaires, sensing and signs for white goods, touch and functional surfaces, and ornamental displays are just a few examples of the consumer electronics products made with printed electronics. Vehicle characteristics are also improved via printed electronics. A major expansion in the printed electronics market is anticipated in the near future due to the global increase in demand for IoT devices, sensors, and displays.

Market Dynamics in the Market:

Market Enablers:

• Printed electronics market demand is being driven by the growth in the healthcare sector: Printed electronics has a lot of potential in the healthcare industry as businesses look for cutting-edge solutions to better treat patients and relieve load on medical staff. Biosensors and flexible printed warmers are two examples of printed electronics that provide state-of-the-art treatments for early sickness detection, quicker healing times, and virtual healthcare. The need for printed electronics in healthcare is growing as a result of these developments. Wound healing bandages are made of printed flexible warmers, and telemedicine is becoming more and more popular since biometric sensors allow for remote patient vital surveillance. Health monitoring may be done continuously thanks to wearable sensors made using printed electronics. Through the use of printed electronics, healthcare providers may monitor patients' vital signs from a distance, cutting down on travel and exposure to potentially infectious situations. Smart patches containing printed electronics help manage chronic diseases. They help people suffering from heart diseases to continuously monitor their EKG. This improves patient comfort, reduces clinic visits and reduces the burden on healthcare systems. Rising healthcare costs around the world are accelerating the adoption of printed electronics.
• Surge in Demand for Flexible Displays Fuelling Printed Electronics Market Development: The growing demand for mobile devices and thin electronics is increasing the use of printed electronics in flexible displays. Organic light-emitting diodes (OLEDs) are popular for their thinness and lightness, making them ideal for high-quality media content. Printed screens are mostly used in consumer electronics, such as wearables and portable devices, where thinness and flexibility are important. Leading manufacturers are adopting OLED technology to develop a variety of flexible LED displays on paper, cloth and plastic films, including transparent circuits. The growth of flexible printed electronic applications is contributing to the growth of the market.

Market Developments:

• In January 2021, TCL Technology subsidiary TCL CSOT launched a 17-inch printed rollable OLED screen and a 6.7-inch rollable AMOLED screen at the 2021 Consumer Electronics Show (CES). These screens are highly rollable and portable and easy to use. easily fits anywhere, for example roller painting.

Manufacturers have also developed electrochromic displays printed on flexible conductive polymers that offer ultra-thinness, flexibility, durability and low energy consumption. These displays can be integrated into smart products. The rise in the trend of touch screens and three-dimensional displays will further increase the demand for printed electronics.

Market Segmentation Analysis:

• Increase in Adoption of Screen Printing Technology in Displays and Sensors: The screen printing technology segment had a significant market share in 2022. The segment will maintain its leading position in the near future. Screen printing can be done on a wide variety of substrates, including flexible materials such as plastic, paper and textiles. This versatility enables the creation of flexible and adaptable electronic devices for various applications. Screen printing is easily scalable, so it is suitable for mass production of printed electronic devices. This scalability ensures consistent quality and cost-effectiveness as production volume increases. Thus, screen printing technology is widely used in the production of flexible displays, RFID tags, sensors and even solar cells.
• High Demand for Inks in Printed Electronic Devices: In terms of materials, the global market is divided into substrates and printing inks. According to the printed electronics market analysis, the share of the ink segment was the largest in 2022. The segment will dominate the forecast period.
• The ink material segment can be further segmented into conductive inks, dielectric inks, and semiconductor inks. Conductive ink is used to print conductive traces, connections and electrodes that allow electrical current to flow in electronic devices. This is necessary for components such as antennas, heaters and sensors. Prominent conductive ink types include flake-based silver, nanoparticle-based silver, gold, and copper, while applications include photovoltaics, flexible hybrid electronics (FHE), multiple  printed sensor types, in-mold electronics (IME), and RFID/smart packaging.

Market Regional Outlook of Global Printed Electronics Industry:

• Asia Pacific dominated the global landscape with 45.21% share in 2023, the region is expected to lead the industry in the coming years. Increasing demand for flexible and lightweight electronic devices is one of the key factors driving Asia Pacific market statistics. Several countries in Asia, especially China, are emerging as production hubs for printed electronic components due to their low production costs and well-developed electronics manufacturing ecosystem.

• Japan and South Korea are known for their significant investments in research and development activities related to printed electronics. These investments are leading to innovation and development of new printed electronic technologies. Increase in adoption of smart devices and rise in application of Internet of Things (IoT) in sectors such as healthcare, education, retail, entertainment, gaming, and security are further propelling the demand for printed electronics in Asia Pacific.
• The size of the North American printed electronics market is expected to increase during the forecast period due to the development of innovative consumer electronics products, especially in the United States. There is a growing trend towards the use of advanced smartphones, virtual reality (VR) and augmented reality (AR). Home appliances and smart home technology are also contributing to market expansion in the region. Consumer wearable products such as smartwatches, fitness trackers, and e-textiles often contain printed electronics. The increasing usage of these devices in North America is driving the growth of the printed electronics market in the region.

Market Segmentation:

Our in-depth analysis of the global Printed Electronics market includes the following segments:

Recent Developments in the Market:

• In November 2022, Henkel AG & Co. KGaA entered into a partnership with LAIIER to drive smart building applications based on printed electronics. Both these companies aim to boost the implementation of LAIIER´s Severn Water Leak Detector in commercial and industrial buildings, and combine unique technology and innovation capabilities to further develop the solution.
• In March 2022, Ynvisible Interactive Inc. released the lowest energy-consuming printed e-paper display in the market. The upgraded ultra-low-power display consumes 50% less energy per switch than its predecessor and can last 10 times longer when switched on and off. This positions the technology as the lowest energy-consuming display in the e-paper market.