by Printed electronics is a printing process of electrically functional inks on various substrates such as plastics, papers and textiles to manufacture electronic devices. Printed electronics have applications in photovoltaic modules, display devices, sensors, batteries, RFID tags and electronic textiles. Products like smart watches, smart rings, and health monitoring patches make use of printed electronic components to provide features such as tracking heart rate, steps count, sleep monitoring, and calorie tracking. The global printed electronics market is estimated to be valued at US$ 7114.14 Mn in 2023 and is expected to exhibit a CAGR of 22.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key driver for the growing printed electronics market is the increasing application of printed electronics in wearable devices. With continuous evolution of technological advancements, wearable devices are gaining wider acceptance among consumers for various applications such as healthcare, entertainment, fitness, and communication. Integrating printed electronic components enables miniaturization of devices and provides additional functionality. For example, printed antennas allow smartphones and smartwatches to connect to wireless networks, while printed sensors enable tracking of biometric data from wearables. Furthermore, printed electronics offer advantages of light weight, flexibility, and possibility of mass production which increases applicability in wearable devices. The printed electronics component manufacturers are continuously investing in R&D to develop advanced functional inks, materials, and process optimization to enable multi-functionality and improved performance of printed electronics. This is expected to drive further adoption of printed electronics.
Segment Analysis
The global printed electronics market is dominated by the flexible displays segment accounting for over 35% market share in 2024. Flexible displays have attracted considerable attention owing to their potential to enable the development of novel electronic devices that can be bent, folded, or rolled up without impacting their performance. Advances in materials and printing technologies have catalyzed the development and commercialization of flexible displays for a variety of applications ranging from wearables and consumer electronics to biomedical wearables and healthcare displays.
PEST Analysis
Political: Government policies and regulations play a key role in promoting research in printed electronics technologies and supporting commercialization efforts. Governments around the world are formulating favorable regulations to boost investments in printed electronics.
Economic: The emerging applications of printed electronics in healthcare, consumer electronics, and smart packaging among others hold significant economic potential. Low manufacturing costs and possibilities of mass customization make printed electronics an attractive technology.
Social: Printed electronic devices offer convenience and portability. Flexible and wearable printed devices align well with modern lifestyles and increasing preference for light, flexible gadgets. Their use cases range from smart labels and posters to consumer devices.
Technological: Advances in materials, deposition processes, and metrology tools have enabled high-resolution printing of electronic materials and components. Integration of flexible and printed sensors with wireless technologies is further augmenting applications.
Key Takeaways
The Global Printed Electronics Market Growth is expected to witness high growth over the forecast period supported by the expanding applications of printed devices in several end-use industries.
Regional analysis: The Asia Pacific region dominated the global printed electronics market in 2024, accounting for over 40% share. China, Japan, South Korea and India are major countries contributing to the regional market growth. The high concentration of printed electronics manufacturers, availability of cheap raw materials and labor, and government initiatives are supporting the regional market.
Key players: Key players operating in the printed electronics market are Regenacy Pharmaceuticals, Inc., Astex Pharmaceuticals, 4SC AG, CellCentric Ltd., Celleron Therapeutics Ltd., Bristol-Myers Squibb Company, Oryzon Genomics S.A., ChromaMedicine, Inc., Epizyme, Inc., and EpiGentek Group Inc. Key players focus on investments in R&D to commercialize their portfolios and partnerships for non-core drug development. They also focus on geographical expansion to strengthen their market presence.
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Source: Coherent Market Insights, Public sources, Desk research
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