by The printed electronics market in South Korea has witnessed substantial growth in recent years attributed to the rising need for flexible devices, active matrix organic light-emitting diode (AMOLED) displays, and wearables. Printed electronics technology involves depositing functional inks onto substrates like paper, flexible plastics, textiles, etc. to develop thin-film transistors, displays, batteries, photovoltaic cells, and sensors, which find application in various industries including consumer electronics, healthcare, packaging, automotive, and others. Significant advantages such as lightweight, flexibility, low manufacturing cost, and capability of mass-production have encouraged the adoption of printed electronics over conventional silicon-based electronics.
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 2024-2031.
Key Takeaways
Key players operating in the South Korea printed electronics are Samsung Display Co., Ltd., LG Display Co., Ltd., Seoul Viosys Co., Ltd., Agfa-Gevaert N.V., Optomec Inc. and among others. These players are focusing on partnerships, acquisitions, and new product launches to gain a competitive advantage in the market.
The key opportunities in the South Korea printed electronics market include rising applications of printed electronics in healthcare sector for diagnostic devices and wearable fitness trackers. Also, increasing popularity of IoT and connected devices present growth opportunities for RFID and NFC tags.
With advancements in printing technologies and introduction of flexible and lightweight electronics, major electronics companies are expanding their printed electronics operations globally. For instance, Samsung established a dedicated printed electronics division worldwide to commercialize its printed flexible displays and batteries.
Market Drivers
The South Korea printed electronics market is driven by surging demand for flexible devices such as foldable smartphones and wearables. Manufacturers are increasingly adopting printed electronics technology for producing thin, lightweight and flexible devices. Furthermore, growing demand for Internet of Things (IoT) devices integrated with RFID and NFC tags acts as a key market driver in South Korea. Government initiatives and investments in the development of printed electronics technology also accelerate the market growth.
Political: South Korea has various standards related to the use of printed electronics. The government policies encourage long term R&D investments in this sector.
PEST Analysis
Economic: The economy of South Korea is one of the largest and most developed economies in the world. Various economic policies encourage innovation and adoption of new technologies.
Social: The South Korean society is rapidly adopting smart and IoT based technologies. Advance printing technologies which allow electronics to be directly printed on surfaces can enable new applications impacting daily lives positively.
Technological: Printed electronics offer several advantages over traditional silicon-based electronics such as low manufacturing cost, flexibility, and capability to print electronics over large and non-planar surfaces. Technologies like inkjet printing, screen printing and aerosol jet printing are commonly used for manufacturing printed electronic devices.
South Korea has a highly advanced manufacturing base with strong presence of large electronics companies like Samsung, LG and others. The printed electronics market in South Korea is concentrated around major cities like Seoul which is home to headquarters of key electronics firms and major manufacturing plants of industry players. It accounts for over 40% of the total market value.
China has emerged as the fastest growing regional market for printed electronics. The market is expanding rapidly driven by the growing demand for printed sensors in applications like smart packaging and healthcare. Expanding electronics manufacturing industry and new government incentives to boost the adoption of advanced technologies are fueling market growth.
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 Market’s growth between 2024 and 2031.
:- Accurate calculation of the size of the South Korea Printed Electronics Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behavior
:- South Korea Printed Electronics Market 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 Market vendors
FAQ’s
Q.1 What are the main factors influencing the South Korea Printed Electronics market?
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 Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the South Korea Printed Electronics market’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:
- Source: CoherentMI, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
