SAN FRANCISCO, February 13, 2017 /PRNewswire/ --
The global printed electronics market is projected to reach USD 19.15 billion by 2025, according to a new report by Grand View Research, Inc. The surging demand for the flexible electronics at low manufacturing costs and the need for eco-friendly technologies are paving the way for increased adoption of the technology.
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Additionally, the increasing penetration of IoT worldwide is proving to be a prime factor in pulling the printed electronics market over the forecast period. The continuously growing demand for IoT in the telecommunication industry for enhancing the network and optimizing the performance along with operations is expected to propel the application of technology over the forecast period.
Numerous technological advancements and developments have led to the evolution of various electronic gadgets and instruments. The growing awareness and user-friendly technologies are leading to the early adoption of these innovative products significantly.
Competent players of the industry are investing largely on the related R&D activities in order to enrich the product portfolios and establish their presence in the market. Eventually, adoption of the efficient and reliable technologies such as printed electronics has turned out to be a necessity for the manufacturers across the globe. Therefore, the printed electronics is anticipated to seek a notable attention across the consumer electronic sector over the forecast period.
The printed electronics market is categorized based on the materials needed, technologies, and the devices holding a major application over the forecast period. The Asia Pacific region contributes to the major demand of the conductive inks and is expected to hold the grip over the estimated time. This demand can be accredited to the increased production of consumer electronics across the regional countries.
However, the North America and European countries such as UK, Germany, and Norway includes various organizations and associations involved in the promoting and investing in R&D for developing the printed electronics technology. Furthermore, the Asia Pacific region is also expected to witness heavy demand which has led the companies to invest heavily for enhancing the ink quality, reliability, and other conductive properties.
The characteristic features of the inkjet technology such as less ink consumption and material wastage, flexibility, compactness, and less initial investment is leading the technology to experience a noteworthy swift over the estimated period. Furthermore, printed electronic RFID devices is another segment to observe a remarkable rise over the forecast period owing to the demanding application in the packaging sector; hence, impacting positively for strengthening the global printed electronics market across the globe.
Browse full research report with TOC on "Printed Electronics Market Analysis By Material (Ink and Substrate), By Technology (Inkjet, Screen, Gravure, And Flexographic), By Device (Display, Photovoltaic, Lighting, RFID, And Others), By Region, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/printed-electronics-market
Further key findings from the report suggest:
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Grand View Research has segmented the global printed electronics market on the basis of material, technology, device, and region:
Read Our Blog: Printed Electronics Market Outlook: Analyst Perspective
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Sherry James
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Grand View Research, Inc
Phone: 1-415-349-0058
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Email: sales@grandviewresearch.com
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