Printed electronics refers to devices and material made using directly printed electronic components and circuits rather than follow traditional electronic manufacturing. Printing technologies enable direct manufacturing of electronics with precise metallic lines and patterns on thin, flexible plastic foils or paper at room temperature. The key advantages of printed electronics include low-cost and high-performance manufacturing enable mass customization, design flexibility and new form factors. Traditional limitations of silicon-based electronics are replaced. The growing need for low cost, flexible and lightweight electronics is driving innovation and adoption of printed electronic technologies in various industry such as consumer goods, healthcare, industrial, transportation among others.
The printed electronics market is estimated to be valued at US$ 14.72 Bn in 2024 and is expected to exhibit a CAGR of 18% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the printed electronics 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. These companies focus on developing advanced printing technologies and inks to enable flexible large area manufacturing.
The growing demand for wearable devices, e-textiles, smart packaging and displays is driving innovations and expansion of printed electronics market. Transition from rigid to flexible form factors requires new manufacturing paradigms enabled by printed electronics. Consumer need for healthcare monitoring, infotainment and augmented reality is translating to investments in printed technologies by manufacturers.
The adoption of Printed Electronics Market Demand is expanding globally with increasing investments and partnerships between material suppliers, OEMs and technology companies. Advancements in printing technologies are enabling new applications beyond consumer electronics such as medical devices, sensors and Internet of Things (IoT). The Asia Pacific region dominates current market share due to presence of key material manufacturers and OEMs capitalizing on low-cost mass manufacturing opportunities.
Market key trends
Development of Printed Electronics Market Size And Trends is a key trend enabling next generation flexible displays and ultra-high density integrated circuits. Organic transistors have potential for ultra-low-cost and large-area integrated circuits for applications such as RFID Tags. Advancements are also being made in printed flexible memory and logic circuits with applications still in development stage. The explosion of IoT and need for ubiquitous sensing is translating to integration of printed sensor technologies with various devices and infrastructure.
Porter's Analysis
Threat of new entrants: Printed electronics is an emerging and innovative technology. High capital requirements for R&D and manufacturing facilities pose a barrier for new companies.
Bargaining power of buyers: Buyers have moderate bargaining power. The market sees demand from various industries like consumer electronics, healthcare, industrial and transportation among others.
Bargaining power of suppliers: Suppliers of raw materials like polymers, inks and substrates have low to moderate bargaining power due to availability of substitute materials.
Threat of new substitutes: Technology such as flexible hybrid electronics and organic photovoltaics pose potential threat as substitutes.
Competitive rivalry: The market is growing and many players are engaged in product innovation and capacity expansion to gain market share.
North America
North America dominates the global printed electronics market and is expected to continue its dominance during the forecast period. This is attributed to high disposable incomes and demand for better technologies from consumer electronics, automotive, healthcare and other industries in countries like the US and copyright.
Asia Pacific
Asia Pacific is poised to be the fastest growing market during the forecast period due to rapid industrialization and growing electronics manufacturing hub in countries like China, South Korea, Japan and India. Rising living standards and demand for printed flexible electronics from consumers further complements the market growth in the region.
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