Printed Electronics Market Share, Size, Demand Insights
The Global Printed Electronics Market is expected to grow at a high CAGR of 15.31% during the forecasting period (2023-2030). Printed electronics is a printing method that is used to create electronic devices by printing on substrates. They are used in forming antennas, skin patches, sensors, etc. They are used in solar cells for producing solar power, OLED display screens, biometric sensors, and light-emitting diodes. Printed electronics are divided into inks and substrates based on the material used.
Printed Electronics Market Scope and Summary
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Metrics |
Details |
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Market CAGR |
15.31% |
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Segments Covered |
By Materials, By Application, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
Printed Electronics Market Dynamics and Trends
The major factors driving the Global Printed Electronics Market are the increasing demand for printed electronics in IoT and wearable devices. The growing demand for healthcare printed electronics is also a driving factor for the market growth of printed electronics.
The increasing application of printed electronics in IoT and wearables and the demand for flexible electronics in the consumer electronics market is driving the market growth for printed electronics
Nowadays, printed electronics are used in IoT and wearables. They are used in solar cells for producing solar power, OLED display screens, biometric sensors, and light-emitting diodes. Some of the products like printed heaters, printed antennas, etc are coupled with IoT technology like Biometric sensors that can be adjusted on your shirt or any other cloth which makes direct contact with the skin, then a hardware device can be used for linking the sensors to the smartphone/mobile. The hardware device can then collect data from the sensors and send it to your smartphone using Bluetooth or Wi-Fi. The increasing uses of flexible electronics in the consumer electronics market like TV, mobile phones, tablets, etc are also driving the market growth for printed electronics. Flexible electronics technology is the building of electronic circuits on flexible substrates which makes them easy to bend and stretch.
The growth in the market of healthcare printed electronics and companies developing new products is also driving the market growth for printed electronics
There is an increasing demand for printed electronics in the healthcare sector, they are used as sensors to track temperature, moisture, etc. They are used as smart diapers in which sensors are placed inside the diapers and they can alert the staff when to change the diaper in elderly patients using Bluetooth or Wi-Fi. They are also used in smart patches which can help the patients to track their blood glucose levels, ECG, heart rates, etc. During covid-19, these patches are quite useful as patients don’t have to regularly visit clinics or hospitals and can check their health status even at home. Many companies are also working on developing smart patches for the covid-19 signs and symptoms. Many companies in the world are developing and launching new technologies Samsung launched a foldable display smartphone named Galaxy Fold in September 2019. LG displayed the world’s first rollable OLED TV in May 2019. The USA, UK, and Germany have the highest smartphone penetration of 81.6%, 78.9%, and 77.9% respectively in 2020. According to the reports, the number of smartphone users worldwide increased from 634 million in 2019 to 696 million in 2020.
The complexity in the manufacturing of the printed electronics circuit and the development of new technologies are hampering the market growth of the Printed Electronics Market
COVID-19 Impact on Printed Electronics Market Growth
The COVID-19 pandemic has affected many industries due to the disruption in the supply chain, as there were full or partial lockdowns in many countries of the world, and restrictions across borders and closure of airports hampered world trade. The construction sector was also severely affected due to covid-19 as there was disruption of the supply chain and people preferred health over their jobs. Companies couldn’t operate with proper covid norms. It was also difficult for staff and workers to work with social distancing norms. affected severely as many workers returned to their homes during covid-19 resulting in a massive loss for the industry. They are also used in smart patches which can help the patients to track their blood glucose levels, ECG, heart rates, etc. During covid-19, these patches are quite useful as patients don’t have to regularly visit clinics or hospitals and can check their health status even at home. Many companies are also working on developing smart patches for the covid-19 signs and symptoms. Due to the demand for healthcare electronics, the market is growing. The demand for consumer electronics like TV, mobiles, etc is also driving the market growth. According to the reports, the number of smartphone users worldwide increased from 634 million in 2019 to 696 million in 2020. The USA, UK, and Germany have the highest smartphone penetration of 81.6%, 78.9%, and 77.9% respectively in 2020.
Printed Electronics Market Segmentation Analysis
The Global Printed Electronics Market is segmented based on Materials, Applications, and Region.
Based on the Materials, the Global Printed Electronics Market is segmented into Inks and Substrates.
Based on the Application, the Global Printed Electronics Market is segmented into Displays, Sensors, Photovoltaics, Batteries, and Others.
The Display segment within Global Printed Electronics Market was valued at US$ XX billion in 2020 and a growth in market size is predicted to lead to a market size worth US$ XX billion by 2028, growing at a CAGR of XX% during the forecast period (2021-2028). The display segment has the highest market share as they are used in consumer electronics products like TV, smartphones, etc, and wearable devices like smart jewelry, smart sensors, etc.
The photovoltaics segment is also having a significant market share as printed electronics are used in solar cells for producing solar power, OLED display screens, light-emitting diodes, etc.
The sensors segment is expected to have positive growth in the future due to the increasing demand for IoT devices in various sectors. Biometric sensors can be adjusted on your shirt or any other cloth which makes direct contact with the skin, then a hardware device can be used to link the sensors to the smartphone/mobile. The hardware device can then collect data from the sensors and send it to your smartphone using Bluetooth or Wi-Fi. Smart patches and sensors which are used for tracking temperature and moisture are nowadays quite common in the healthcare industry. Even companies are developing sensors for tracking covid-19 symptoms. Radiofrequency identification tags (RFID) are used for identifying and tracking the tags which are attached to objects. The RFID system comprises of radio transponder, radio receiver, and transmitter.
Printed Electronics Market Geographical Share
Based on the Region, Global Printed Electronics Market is segmented into - North America, Europe, Asia-Pacific, The Middle East, Africa, and South America.
The Asia-Pacific region had a market share of XX% in 2020 and is expected to hold XX% by 2028. The Asia-Pacific region has the highest market share among all the regions as the demand from countries like India, China, Japan, and South Korea is increasing. The high demand for electronic appliances like mobile, tablets, televisions, laptops, etc is driving the market for printed electronics in the region. There is also significant growth in the market of wearable electronics like fitness trackers, augmented reality headsets, etc which is also a driving factor for the market growth of printed electronics. The production of electronics in the region is increasing which is creating a demand for printed electronics. According to the reports, the number of mobile manufacturing units in India has increased from 2 in 2014 to around 268 in 2020. The number of mobile phones manufactured in India increased from 60 million in 2014 to 330 million in 2019. Many companies in this region are developing and launching new technologies Samsung launched a foldable display smartphone named Galaxy Fold in September 2019. LG displayed the world’s first rollable OLED TV in May 2019. South Korea, China, Vietnam, and Japan have smartphone penetration of 76.5%, 63.4%, 63.1%, and 59.9% respectively in 2020.
Printed Electronics Companies and Competitive Landscape
The Global Printed Electronics Market is fragmented with key global players in the market and there are many large companies in the market. Some major companies contributing to the market's growth are - Samsung, LG, Palo Alto Research Center (PARC), Agfa-Gevaert, Molex, Nissha USA, Dupont, BASF, Novacentrix, E Ink Holdings, and many others.
Mergers and Acquisitions, agreements, expansions, joint ventures, etc increase competition in the market. New Innovations, New products, and services launched also increase competition between companies and many companies are developing innovative technologies Samsung launched a foldable display smartphone named Galaxy Fold in September 2019. LG displayed the world’s first rollable OLED TV in May 2019.
Partnerships and Collaborations between companies are also making the market more competitive like Agfa-Gevaert entered into a partnership with TFL in February 2019 with a focus on the development of an inkjet printing solution named Alyssa. Divestments and investments by the company and split of companies are also making the market quite competitive.
BASF SE (Badische Anilin-und Sodafabrik)
Overview:
BASF SE is a chemical company which is headquartered in Ludwigshafen, Germany. It is the largest chemical public company in the world. The full form of BASF is Badische Anilin-und SodaFabrik (Baden Aniline and Soda Factory). BASF acquired Cognis and Ciba in December 2010 and April 2009 respectively. The company has joint ventures in over 80 countries. The company is also listed on several stock exchanges like the Zurich stock exchange, frankfurt stock exchange, and London stock exchange. The company deals with many products like resins, amines, plastics, crude oil exploration, industrial starch, etc. It is ranked 143 according to fortune 500. The company has various segments of operations like Chemicals, Plastics, Performance Products, Functional Solutions, Agricultural Solutions, and Oil and Gas. The company introduced the Colors & Effects brand in 2016 the market. The market value of the company as of 20 January 2021 is USD 75 billion. The company acquired Nanowire Technology from seashell in April 2015.
Product Portfolio:
- InkSet 2000 SL
- InkSet 1000 SP
- Inks for manufacturing organic thin-film transistors(OTFT)
Key Development
- Chemical recycling is promoted by BASF SE and Mitsui Chemicals in Japan.
- BASF launched InkSet 1000SP for fully structured transistors in March 2017.
- BASF launched InkSet 2000SL for organic thin-film transistors(OTFT) in November 2017.
Financial Overview
Blackrock has more than 5% market shares, and Institutional Inventors has around 75% market shares. Germany, the U.K., US have market shares of 36%, 11%, and 17%. The company was ranked 143 rd among fortune 500 companies. The market value of the company as of 20 January 2021 is USD 75 billion. According to CNN business, some of the major stockholders/owners of the company are Todd Asset Management LLC, Parametric Portfolio Associates, and Silvercrest Asset Management group with market shares of 0.03%, 0.08%, and 0.01% respectively. It is ranked 143 according to fortune 500.
Why Purchase the Report?
- Visualize the composition of the Global Printed Electronics Market products based on Materials and Application, highlighting the critical commercial assets and players.
- Identify commercial opportunities in the Global Printed Electronics Market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of Global Printed Electronics Market-level segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the critical product of all major market players
The Global Printed Electronics Market report will provide access to approximately 61 market data tables, 52 figures, and 200 pages
Target Audience 2022
- Equipment suppliers/ Buyers
- Providers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Emerging Companies
- Research professionals
- Distributors
- Manufacturers
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