The global Printed Electronics market is currently expected grow at a CAGR of 17.4% till around 2022, where the market has been valued at around $75 billion, which shows a huge overall growth rate. One of the key factors contributing to this market growth is the need to reduce the cost of electronic products. At the rate it is going, the overall printed and flexible electronics market is expected to grow from around $15.1bn in 2013 to around $33.4bn in 2018.
Printed electronics refers generally to the organic electronics or plastic electronics, in which one or more inks are composed of carbon-based compounds. The most important benefit of printing is the low-cost volume fabrication. The lower cost enables its use in more applications. Printing on flexible substrates allows these electronics to be placed on curved surfaces, like, for example, putting solar cells on vehicle roofs.
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It is noted that the printed electronics market is presently growing at a very fast pace across the world. The primary reason is the wide range of applications in traditional electronics and the huge number of benefits offered, such as simple and low cost fabrication and high durability. The applications used in this field range from displays to sensors and batteries. Increasing advancements set trend to smaller and portable printed electronics. These reasons are strong drivers that induce high levels of growth in the market.
The scope for innovative products is immense in this field, with new products getting launched in an extensive manner. Flexible electronics are considered to be pretty much revolutionary in this market. The manufacturer can increase the number of design integration, by molding a particular product into a few different desired states and give it a number of better looks to increase its appeal. However, it does not add any true value when it comes to the product specifications, which might be deemed as a partial drawback.
Printed electronics includes product types like batteries, logic, memory ICs, electro chromic displays, sensors, e-paper displays, signage, RFID tags, and antennas. Functional printing which uses electrically functional inks, paper, plastic, textiles as substrates to print electronic devices on these materials is the crux of this market growth. The global market for printed electronics, that excluded non-printed OLED displays and PV cells, was around $5.4bn in 2013, and to include them would subsequently increase the market size to a value of around $11.5bn.
IndustryARC provides an in-depth segmentation of the printed and flexible electronics market by checking its numerous components, which can include sensors, memory, optoelectronics, battery, and through printing methods, like Inkjet printing and screen printing. It also gives a market share breakdown on a geographic basis, with further analysis provided by assessing the impact and scope of printed and flexible electronics on different countries across a few continents.
The role of the key players, product developments, market share analysis, business models and strategies are all analyzed thoroughly. This report compiled on the global printed electronics market further identifies many such insights and M&A opportunities, and provide a detailed analysis of the printed electronics services and equipment market.
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