Decline in manufacturing cost and high demand for flexible devices is anticipated to drive the Global Printed Electronics Market

Global Printed Electronics Market Report, published by Variant Market Research, forecast that the global market is expected to reach $19 billion by 2024 from $4 billion in 2016; growing at a CAGR of 22.6% from 2016 to 2024. By geography, Asia-Pacific and Europe regions are expected to grow at a CAGR of 23.1% and 22.3%, respectively, during the forecast period.
The global printed electronics market is driven by the factors such as rising demand for flexible and bendable electronics, lower manufacturing cost and availability of wide range of substrates and eco-friendly technologies. Furthermore, development of new innovative products is expected to provide various growth opportunities in the forecast period. Though, high competition from non-printed electronics products and lack of awareness among consumers is likely to hamper the growth in coming years.
Materials, technology and application are the major segments of the global printed electronics market. Substrates and Inks are the classifications of printed electronics market by materials. The segmentations by technology comprise of flexography, gravure printing, ink-jet printing, and screen printing. The application segment is further sub-segmented into electronics, automotive, retail & packaging, display, and others. Screen printing dominated the technology segment with the largest market share in 2016, and is expected to continue its dominance during the forecast period.  Inkjet printing is expected to grow at the fastest CAGR, owing to its multiple features such as, light, compact, high resolution, and low cost.
Geographically, the market is categorized into North America, Europe, Asia-Pacific and Rest of the World. (RoW). Asia-Pacific accounted for the largest market share of 47.7% in 2016; owing to augmented manufacturing activities in countries such as Japan, China, and India, which have increased the demand for printed electronics systems in this region. Europe was the second largest market with a total market share of 35.8%.
The key players have used their research & development strategies to increase their market share and global presence. The major players in the market include, BASF SE (Germany), Molex, Inc. (U.S.), E.I. DuPont de Nemours & Co. (U.S.), T-ink, Inc. (U.S.), E Ink Holdings Inc. (China), ThinFilm Electronics ASA (Norway), PARC, Inc. (U.S.), YD Ynvisible, S.A. (Portugal), NovaCentrix (U.S.), and GSI Technologies, LLC (U.S.) among others.
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