The global printed electronics market is anticipated to grow at a CAGR of 33.8%.The global printed electronics market has generated the revenue of approx. $9.66 billion in 2015 and anticipated to reach up to $71.1 billion by 2022. Roll-to-roll printing technology has significant cost advantages in fabrication for large area processing, and thin and flexible form factors in electronics, which are expected to bring new kind of devices that can be folded or rolled. Additive manufacturing to print fine features and structures onto all substrates is simplified, and smart packaging is also fueling the growth of flexible printed electronics for packaging industry which helps to increase the market of printed electronics market.
In today’s time 3D printing has become the most popular technology in printing devices. The 3D printers are expected to account for the largest share of the 3D printing market during the forecast period, due to the increase in accuracy per inch of part dimension, faster printing speed, and introduction of new materials. These factors help to increase the market of printed electronics and have led to the adoption of 3D printers in various segments such as healthcare, engineering, energy, automotive, aerospace & defense and others, which has increased the market share of printed electronics. Moreover, 3D printing is used to manufacture complex components, prototypes (rapid prototyping), and small-series components. Streamlining of production workflow through automated production tools, powder handling and recycling functions, and mobile production controls are fueling the demand for printed electronics. The 3D printing market has generated the revenue of approx. $5.21 billion and is projected to reach up to $30.19 billion by 2022.
Roll-to-roll technologies include increasing demand for flexible electronic devices, growing adoption of touch screen display technology for electronic devices and increasing demand of roll to roll based sensors, which helps to increase the market of printed electronics. Roll-to-Roll (R2R) technology is an emerging flexible electronics technology area that provides the facility of manufacture of advanced printing electronic products. Roll to roll technology transforms manufacturing process of electronic devices and helps providing facility of high volume production of the advanced technology products. The major key factors driving adoption of roll to roll technology include capability to resist high-defect density, highly economical production process, and booming consumer market for electronic printing devices. These drivers help to anticipate the market of roll-to-roll technologies for printed electronics globally. The continued market expansion of flexible printed circuit in automation, high-volume production processes with consistent quality, is in turn spurring the growth in the roll-to-roll technologies market.
The growing competition from non-printed electronic products and various challenges faced by electrically functional inks, hinder the growth of printed electronics market. Due to increase in the requirement of high level of printed accuracy in the desired output, makes the manufacturing process very complex. The high pixel accuracy and high printed quality makes the job difficult for the innovators and manufacturers. Due to this issue there are very less innovations in printed electronics.
On the basis of geography, the global printed electronics market is segmented in to North America, Asia Pacific, Europe and Rest of the world. Asia Pacific holds the largest market share followed by North America. Due to high production in India and China, the market of Asia Pacific is growing at a fast pace.
The market of printed electronics is segmented on the basis of material, technology and applications. On the basis of material, the market of printed electronics is further segmented into substrates and inks. The substrates are further sub segmented into organic materials and inorganic Materials. The inks segment is further sub segmented into conductive inks and dielectric inks. On the basis of technology, the market of printed electronics is segmented into inkjet printing, screen printing, flexographic printing, gravure printing and others. On the basis of application, the market of printed electronics is further segmented into displays, industrial applications, sensors and lighting.
Some of the major market players are Conductive Inkjet Technology, Dupont, E Ink Holdings, Enfucell, Intrinsiq Materials, Novacentrix, Optomec, PARC, Solicore, Thinfilm Electronic, Vorbeck Materials, 3D Systems Corporation, Materialise NV, The Exone Company, VoxeljetAG. Acquisitions, innovation and mergers are the key strategies adopted by the market players to sustain in the market. For example, in 2014, DuPont collaborated with Ireland based Technology from Ideas (TFI) to develop a thermoplastic elastomers that will help to keep marine devices afloat. Similarly, in 2014, DuPont collaborated with JA Solar, a China based company that intends to use advanced materials from DuPont to help improve power output, durability and return on investment for solar energy systems.