The global printed electronics devices market size is estimated to be valued at USD 9,552.0 Million in 2022 and is projected to surpass USD 40,877.0 Million by 2032. The demand for printed electronics devices is projected to grow at a CAGR of 15.6% during the forecast period 2022 to 2032.
The key drivers fuelling the printed electronic devices market expansion are the penetration of the Internet of Things (IoT) and the rise in demand for printed RFID devices.
Printed electrical devices also provide excellent efficiency, low production costs, and low power consumption. Furthermore, the advantages of printed electronic devices, such as being versatile and secure while also being cost-effective, are some of the major factors propelling the sales of printed electronic devices from 2022 to 2032.
| Attributes | Details |
|---|---|
| Printed Electronics Devices Market Size (2022) | USD 9,552.0 Million |
| Printed Electronics Devices Market Size (2032) | USD 40,877.0 Million |
| Printed Electronics Devices Market CAGR | 15.6% |
The sales of printed electronic devices are projected to rise as they are a good example of smart and adaptable technology. Moreover, printed electronic devices allow for the manufacture of complicated devices in a flexible and cost-effective manner. The printed electronics devices market share is rising due to the growing use of these devices in a variety of industries, including aerospace, healthcare, media, and many others.
Printed electronics is a way of producing electronic devices by printing them on a variety of surfaces. Inkjet printers are now widely utilized to print electronic circuits fast and cheaply. This factor is predicted to dramatically raise the adoption of printed electronic devices, resulting in a double-digit CAGR in the near future.
Printed electronic devices are simple to manufacture and integrate, allowing for the production of multiple electronic devices while minimizing the amount of energy consumed by these devices. The sales of printed electronic devices as it is widely being utilized to produce dozens of electronic devices, ranging from sensors and antennas to printed batteries and displays, and nearly all of the basic building blocks of electronic devices.
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The growing adoption of IoT is opening up new growth opportunities and expanding the scope of printed electronics device applications across the industry.
The rising demand for sophisticated OLED displays and printed RFID devices are paving the way for further technological adoption of printed electronic devices due to their low production cost, improved efficiency, and low power consumption.
Printed electronic devices have become a key research area for emerging companies, with a focus on ongoing upgrades and improvisations to improve existing capabilities.
Over the last few decades, increased Research and Development investments by various associations, companies, and manufacturers have resulted in several new innovations and developments in the printed electronics devices market. Consumer electronics manufacturers, such as IoT devices, smartphones, display devices, and other communication devices, are among the end-product manufacturers.
When it comes to emerging technologies, cost reduction is frequently a driving force behind Research and Development initiatives. The expense of new materials and equipment for printed electronics devices research, on the other hand, is very costly. As a result, these factors are anticipated to restrain the printed electronics devices market growth during the forecast period.
Printed electronics device manufacturers must consequently place a high priority on Research and Development in order to produce value that goes beyond cost reduction, such as thinner, lighter, more resilient, and flexible products.
Material qualities are likely to influence investment decisions in particular technologies. The development of new technologies necessitates the use of precision machinery and trained employees, which adds to the overall printed electronics devices market expenditures. As a result, the high investment required is a constraint anticipated to diminish the demand for printed electronic devices through 2032.
Smart packaging is gaining popularity and is predicted to quickly replace traditional packaging as it allows for shipping monitoring and quality control of packaged goods. Packaging with built-in electronics creates new communication routes between the physical and digital worlds. This factor is anticipated to boost the sales of printed electronic devices during the projected period.
This is likely to assist companies in the printed electronics devices market in focusing on individual clients and personalizing customer service delivery. Printed sensors are used in the smart packaging application to analyze, secure, and measure the temperature of packaged products, as well as to provide real-time information on the origin, transportation, and condition of products.
In 2021, the Asia Pacific region dominated the global market, accounting for more than 46 percent of total revenue. The significant share in the printed electronics devices market can be attributable mostly to the growing use of printed electronics technology in consumer electronics applications.
The rise in the sales of printed electronics devices can be linked to the region's fast-expanding electronics manufacturing sector. Emerging markets such as China, South Korea, and Japan contribute significantly to the target market. Furthermore, the Asia Pacific region, particularly China, is a manufacturing hub for printed electronic devices.
North America is witnessing significant growth in the printed electronics devices market, with an anticipated share of 24.2% in 2022.
The North American printed electronics market is expected to earn significant revenue in 2022, as well as the quickest growth between 2022 and 2032. This is due to the increasing demand for flexible and resilient substrates for printed electronic circuits, as well as the increasing penetration of IoT technologies. Furthermore, the low manufacturing cost and rapid evolution of digital printing technology are adding to the region's market growth.
The demand for printed electronics devices is expected to gain pace in Europe due to increased Research and Development spending and expanding acceptance of the technology in a variety of industrial applications such as photovoltaic, lighting, and RFID devices. During the predicted period, the region is expected to capture 26.2% of the overall market share.
The increasing acceptance of novel technologies in the European region, as well as the expanding popularity of electronics items, are contributing considerably to the expansion of the printed electronics devices market in Europe.
Startups in the printed electronics devices market are incorporating technology into diverse items based on rising demand for printed electronic devices and then delivering them to distributors or retailers for sale.
To gain a foothold in expanding regional markets such as Asia Pacific, these companies are focused on mergers and acquisitions or distribution partnerships. For example, Thin Film Electronics ASA (USA) has struck a distribution arrangement with CymMetrik, a Chinese company.
Some of the key market participants in the printed electronics devices market are BASF SE, E Ink Holdings, Inc, DuPont, Enfucell Oy, GSI Technologies, Blue Spark Technologies, IMPRINT ENERGY, and BrightVolt.
Companies are focusing on expanding their operations across multiple locations in order to meet rising consumer demand and are trying to extend their consumer base in emerging markets through partnerships and acquisitions.
The printed electronics devices market is witnessing intense competition among key companies for market understanding and dominance through rigorous Research and Development, novel product releases, and printing capability advancements.
Some of the recent developments in printed electronic devices are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 15.6% from 2022 to 2032 |
| Base Year for Estimation | 2022 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments Covered |
Technology, Region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; The Asia Pacific excluding Japan; Japan; The Middle East and Africa |
| Key Countries Profiled | United States of America, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, GCC Countries, South Africa |
| Key Companies Profiled | BASF SE, E Ink Holdings, Inc, DuPont, Enfucell Oy, GSI Technologies, Blue Spark Technologies, IMPRINT ENERGY, and BrightVolt. |
| Customization | Available Upon Request |
The printed electronics devices market is likely to garner a CAGR of 15.6%, during the forecast period.
The Asia Pacific is the leading printed electronics devices market.
By 2032, the printed electronics devices market is likely to grow by USD 40,877.0 Million.
Printed Electronics Devices Market
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