05-Sep-2018 | Zion Market Research
With the presence of a large pool of participants, the Global printed electronics market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). BASF SE, Sipix Imaging Inc., Nano Solar Inc., Aveso Displays, Printechnologics GMBH, and Novaled AG are some of the key vendors of printed electronics across the world. These players across printed electronics market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the printed electronics market study.
Citing an instance, in August 2018, Engineers at University of Glasgow published a new paper in Journal Microsystems & Nanoengineering explaining as to how they were able to cost-effectively print high-mobility semiconductor nanowires on flexible surfaces for creating high performing ultra-thin electronic layers. Reportedly, these layers can be bent, twisted, and flexed, while laying a base for slew of applications encompassing implantable equipment, synthetic skin for prosthetics, video screens, and enhanced health monitoring equipment.
This review is based on a report by Zion Market Research, titled "Printed Electronics Market (Substrates and Inks) by Technology (Flexography, Ink-jet Printing, Gravure Printing and Screen Printing) for Sensors, Displays, Batteries, RFID, Lighting, and Photovoltaics: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021."- Report at http://www.zionmarketresearch.com/report/printed-electronics-market
As estimated in this report, the global printed electronics market stood at US$ 3.05 billion in 2015. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in this printed electronics market is expected to reach US$ 10.26 billion by the end of the forecast period. The main materials available in this market are substrates and inks. Among them, the demand for substrates is relatively higher and the trend is anticipated to remain so over the next few years, notes the printed electronics market research report.
Thriving IoT & Packaging Sectors To Set Up New Growth Platform For Market
“Wide applications of flexible printed electronics in the packaging sector along with humungous demand of printed electronics in IoT is estimated to contribute notably towards printed electronics market size in the years ahead,” says the author of this study. Apart from this, low production costs and growing trend of eco-friendly printing technology are few of the major factors favorably leveraging the printed electronics market progression.
Complications in the production processes, however, are anticipated to hamper the printed electronics market evolution in the ensuing years. Nevertheless, the escalating popularity of 3D printing technology along with its plethora of applications in myriad industries is anticipated to boost the business space over the coming years, thereby normalizing the impact of hindrances on the printed electronics market , reports the study.
Rise In The Electronic Manufacturing Activities To Help APAC’s Dominance
Regionally, Asia Pacific has been leading the worldwide printed electronics market and is anticipated to continue on the dominant position in the years to come, states the market study. The increase in the electronic manufacturing activities in countries such as South Korea, China, Japan, and India is the main factor behind the dominance of the Asia Pacific printed electronics market. The huge presence of key manufacturing players in Asia Pacific is another significant factor that is supporting the expansion of this regional printed electronics market.
The global printed electronics market is segmented as follows:
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