CHICAGO, Dec. 18, 2019 /PRNewswire/ -- According to latest market research report "Printed Electronics Market by Printing Technology (Screen, Inkjet, Gravure, Flexographic), Application (Displays, Sensors, Batteries, RFID, Lighting), Material (Inks, Substrates), End-Use Industry, and Geography - Global Forecast to 2024", published by MarketsandMarkets™, the Printed Electronics Market is projected to grow from USD 9.8 billion in 2019 to USD 19.8 billion by 2024; it is expected to grow at a CAGR of 15.1% during the forecast period. The growth of the market is mainly driven by the increased use of printed electronics for the development of smart and connected devices, rise in the global demand for energy-efficient, thin, and flexible consumer electronics, high demand for new generation flexible printed electronics, and significant cost advantages offered by printed electronics.
Ask for PDF Brochure:
The inkjet printing technology segment of the printed electronics market is projected to grow at the highest CAGR during the forecast period.
Inkjet printing is a contactless printing process, which is suitable for applications requiring a uniform thickness of printed lines. Unlike screen printing, inkjet printing is used in emerging textile and industrial applications, among others. It can digitally control the ejection of ink droplets of defined volume, and precisely position them onto substrates.
The displays application segment is expected to account for the largest size of the printed electronics market from 2019 to 2024.
Printed displays are mainly used in consumer electronics such as wearables and mobile devices. Increased demand for energy-efficient, thin, and flexible consumer electronic products is fueling the demand for printed displays globally. Leading manufacturers have introduced thin, flexible, and energy-efficient displays developed using the organic light-emitting diodes (OLED) technology in the market. OLED technology is one of the major applications of printed electronics and is being used in high-end smartphones.
The aerospace & defense end-use industry segment of the printed electronics market is projected to grow at the highest CAGR during the forecast period.
The aerospace & defense segment of the printed electronics market is projected to grow at the highest CAGR during the forecast period owing to the increasing use of printing electronics-based lighting in automobiles and home appliances. Printed electronics are largely being adopted in the aerospace & defense industry owing to their lightweight, less complexity, and high reliability, which ultimately results in their low maintenance requirements.
Browse in-depth TOC on "Printed Electronics Market"
71 – Tables
50 – Figures
136 – Pages
Enquiry Before Buying:
The printed electronics market in APAC is projected to grow at the highest CAGR from 2019 to 2024.
Countries such as China, Japan, South Korea, and Australia are major contributors to the growth of the printed electronics market in APAC. Factors such as the acceptance of innovative technologies and the increased popularity of advanced consumer electronics are driving the growth of the printed electronics market in APAC. The region is a manufacturing hub for electronic devices and components. The growth of the printed electronics market in APAC can be attributed to the large-scale production of electronic components and increased investments in R&D activities related to printed electronics in the region.
Key players in the printed electronics market include Samsung Electronics Co., Ltd. (Samsung) (South Korea), LG Electronics Inc. (LG) (South Korea), Palo Alto Research Center Incorporated (PARC) (US), Agfa-Gevaert Group (Agfa-Gevaert) (Belgium), Molex LLC (Molex) (US), Nissha Co., Ltd. (Nissha USA) (US), DuPont de Nemours, Inc. (DuPont) (US), BASF SE (BASF) (Germany), NCC Nano, LLC (NovaCentrix) (US), E Ink Holdings (US), and Ynvisible Interactive Inc. (Ynvisible Interactive) (Portugal).
Please Explore Relevant Reports:
Flexible Electronics & Circuit Market by Application (OLED & LCD Display, Printed Sensor, Battery, Thin-Film PV, OLED Lighting), Circuit Structure (Single-Sided, Multilayer, Double-Sided, Rigid), Vertical, and Geography - Global Forecast to 2023
Printed Sensors Market by Printed Sensor Type (Biosensor, Touch Sensor, Image Sensor, Temperature Sensor), Printing Technology (Ink-Jet Printing, Screen Printing, Flexographic Printing), Application, and Geography - Global Trend and Forecast to 2022
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/printed-electronics-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com
Content Source : https://www.marketsandmarkets.com/PressReleases/printed-electronics-market.asp