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.
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Complete Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/global-printed-electronics-market
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.
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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.
For more information, Contact:
VARIANT MARKET
RESEARCH LLP
India Office
(Corporate Headquarter):
Office No. FL
No.7, Prakash Developers,
Survey no 34/A5,
Wadgaon Sheri,
Nagar Road, Pune
– 411014
Tel: +91 20
65337795
USA Office:
649 Mission St.,
5th Floor, San
Francisco,
CA 94105, United
States.
Tel:
+1-415-680-2785
Fax:
+1-415-680-2786
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