The global printed electronics market size was US$ 9.1 billion in 2021. The global printed electronics market is forecast to reach US$ 48.7 billion by 2030 by growing at a compound annual growth rate (CAGR) of 19.5% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
Screen printing is gaining rapid traction due to the presence of a wide range of commercialized products like smartphones and laptops, sensors, and solar cells. In addition, the increasing deployment of graphene ink to develop cost-effective, water-repellent, highly conductive printing and multifunctional technologies will drive the global printed electronics market forward.
The global printed electronics market is forecast to gain traction, owing to the growing use of printed electronics in the production of smart and connected products. In addition, the increasing penetration of the Internet of Things (IoT) will accelerate the growth of the printed electronics market.
The cost-efficiency of printing technologies will boost the growth of the printed electronics market. In addition, the launch of new functionality is likely to propel the printed electronics market forward.
COVID-19 Impact Analysis
The Asia-Pacific region is the leading raw and finished product producer of printed electronics. The COVID-19 pandemic has had a significant impact on the Asia-Pacific region, which ultimately hampered the printed electronics industry. The printed electronics market has also been impacted by the COVID-19 pandemic due to production delays in the industry. Moreover, the manufacturing segment needed human labor which was considered difficult due to the growing COVID-19 spread. The possibility of printing displays is limited due to a reduction in processing capability.
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Regional Analysis
The global printed electronics market is forecast to witness the highest growth rate in North America. This market is forecast to hold the highest share due to growing investment in R&D activities. In addition, Asia-Pacific is forecast to register the highest growth rate due to the rising demand for printed electronics technologies. In addition, the growing demand for smart devices will benefit the Asia-Pacific printed electronics market during the forecast period.
Competitors in the Market
Market Segmentation
The global printed electronics market segmentation focuses on Technology, Material, Application, End-Use, and Region.
Based on the technology, the printed electronics market has been segmented into–
Based on material type, the printed electronics market has been segmented into –
Based on application, the printed electronics market has been segmented into –
Based on end-use industry, the printed electronics market has been segmented into –
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Based on region, the printed electronics market has been segmented into –
What are the key findings of the report?
•This report provides comprehensive information on factors expected to influence the market growth and market share in the future.•The report offers the current state of the market and future prospects for various geographical regions.•This report provides both qualitative and quantitative information about the competitive landscape of the market.
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