June 13, 2024
South Korea Printed Electronics Market
Ict

South Korea Printed Electronics Market Poised for Growth Owing to Rapid Applications in Wearable Devices

The printed electronics market is evolving rapidly due to various applications in electronic devices, wearable devices, automotive, and consumer electronics. Printed electronics technology offers features like flexibility, thinness, and sustainability in various products. In the printed electronics market, technologies like ink-based and substrate-based display enormous potential. South Korea is one of the leading countries in the adoption of printed electronics technologies. Key players in the country are focusing on developing advanced ink and substrate materials to gain a competitive edge.

The Global South Korea Printed Electronics Market Size is estimated to be valued at US$ 330.3 Mn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period of 2024-2031.

Rapid adoption of printed electronics in applications like integrated circuits, photovoltaic cells, radio-frequency identification (RFID) tags, sensors, memory devices, lighting, and displays is fueling the market growth. Printed electronics offer substantial advantages in terms of compatibility, lightweight, flexibility, and low manufacturing cost. Growing demand for flexible and wearable electronic devices has propelled the application of printed technologies.

Key Takeaways

Key players operating in the South Korea printed electronics market are Samsung Display Co., Ltd., LG Display Co., Ltd., Seoul Viosys Co., Ltd., Agfa-Gevaert N.V., Optomec Inc. and Among Others.

Rapid development of innovative application areas such as smart packaging, intelligent labels, and mobile sensors provide huge opportunities for market players and technology providers.

Emerging economies across Asia are witnessing significant industrial growth, thereby augmenting the regional expansion of printed electronics market players in the upcoming years.

Market Drivers

Rapid applications of printed electronics in wearable devices is expected to drive the South Korean market during the forecast period. Developments in the field of printable memory devices, flexible displays, and printed batteries have increased the adoption of printed electronics in smartwatches, fitness bands, and other wearable devices.

PEST Analysis

Political: The government policies and regulations related to adoption of new technologies have positively impacted the growth of printed electronics market in South Korea. The government initiatives to promote advances in electronics industry have created opportunities for the printed electronics market to grow.

Economic: The stable economy of South Korea along with increasing focus of organizations on technologies like printed electronics drives their adoption. Expenditure on research and development activities related to printed electronics has increased widens the application areas.

Social: Changing lifestyle and increasing focus of consumers on wearables, healthcare devices and other innovative consumer products have boosted the demand for printed electronics. The social trends to adopt sustainable electronics also promote the use of printed electronics.

Technological: Advancements in printing technologies such as printing materials, inks, deposition techniques make it possible to Print thin-film devices on flexible substrates . Innovation in printing electronics at low cost drives the market growth Technological capabilities in South Korea help integrate printed electronics into various products.

The printed electronics market in South Korea is majorly concentrated in Seoul city region in terms of value. The region accounts for over 30% of the total market share due to large presence of manufacturing units and end-user industries.

China is currently the fastest growing regional market for printed electronics. The rising government support to electronics industry, manufacturing facilities of global players and high demand from various sectors contribute to the growth rate of over 15% anticipated in the country during forecast period.

What Are The Key Data Covered In This South Korea Printed Electronics Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the South Korea Printed Electronics’s growth between 2024 and 2031.

:- Accurate calculation of the size of the South Korea Printed Electronics and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- South Korea Printed Electronics Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of South Korea Printed Electronics vendors

FAQ’s

Q.1 What are the main factors influencing the South Korea Printed Electronics?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top South Korea Printed Electronics companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the South Korea Printed Electronics’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it