The printed electronics market will reach over $363 billion by 2030, progressing at a growth rate of over 22% in the future. Between the two mechanisms, printer held the larger share in the past. This is because of the increasing demand for inkjet and screen printers for display and PV applications in the U.S., the U.A.E., China, Germany, and Brazil.
The material category will observe faster growth in the future. This is because of the increasing use of inks and substrates in the construction of printed electronic circuits, used in various applications like PVs, displays, and RFID tags. The investigators combined small LEDs with an inkjet-printed circuit amid the clothing layers. Thus, the growing use of printed electronics in wearable electronics and textiles is generating prospects for market stalwarts.
The automotive & transportation sector contributed the highest revenue. This is because of the increasing use of the IoT technology. Placement of IoT needs widespread data processing competences and high bandwidth for supporting manifold connections and remote sensing expertise for collecting data from connected devices.
APAC printed electronics market will have the highest growth rate in the future The industry would be driven by the increasing demand for consumer electronics in India, China, Japan, South Korea, and Australia. Meanwhile the printed electronics technology is progressively employed in the manufacturing of wearable devices, the augmented acceptance of these electronics will support the industrial development.
The widespread usage of rigid electronic products in numerous applications hinder the development of the market. Electronics like laptops, flat-screen TVs, and audio keyboards, and numerous other gadgets usually come with rigid PCBs instead of flexible ones. Therefore, the large-scale usage of rigid electronic products has an effect on the demand for flexible circuits.
One major trend is the shift from conformist printing to digital. Digital printing has become popular of late because of increasing environmental concerns. Conventional printing includes the usage of instable organic products like paint strippers, aerosol sprays accompanied by heavy metals like lead, mercury, cadmium, and chromium, polluting the soil and water reaching landfills, therefore unfavorably affecting the environment.
Quite the reverse, digital printing includes the usage of mild solvents and less-injurious chemicals than the ones used in conservative printing technologies, like solid ink printing and offset printing. Therefore, with the snowballing focus on green printing and lucrative production, the requirement for digital printing solutions is rising in the industry globally.
The growing demand for electronics such as gaming consoles, smartphones, tablets and laptops has a positive impact on the demand for printed electronics around the globe.
