Global Printed Electronics Market Insights Forecasts to 2033

• The Global Printed Electronics Market Size was Valued at USD 10.76 Billion in 2023
• The Market Size is Growing at a CAGR of 21.57% from 2023 to 2033
• The Worldwide Printed Electronics Market Size is Expected to Reach USD 75.89 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Printed Electronics Market Size is Anticipated to Exceed USD 75.89 Billion by 2033, Growing at a CAGR 21.57% from 2023 to 2033.

Market Overview

Printed electronics is a printing-based technology that produces working electrical devices such as transistors, sensors, and conductive pathways on flexible substrates including paper, plastic, or textiles. It represents an inexpensive, scalable approach to creating electronics. It enables simple modification of electronic components for unique purposes. This technology is gaining recognition because of its capacity to produce large-scale flexible electronics. The adoption of printed electronics opens up an infinite amount of opportunities in a variety of industries. In healthcare, for example, the creation of smart, wearable sensors has the potential to revolutionize patient monitoring. Flexible patches that assess vital signs have the potential to improve healthcare outcomes, as do smart fabrics that monitor glucose levels. Furthermore, utilizing printed electronics in diagnostic equipment has the potential to improve healthcare accessibility and affordability. Printed electronics has been a prominent research topic, with a focus on ongoing improvement and improvisation to improve existing capabilities and investigate new applications across a variety of fields.

The significant printed electronics market share of the companies included in this report is Samsung Electronics Co., Ltd., LG Display Co., Ltd., Agfa-Gevaert Group, E Ink Holdings Inc., Palo Alto Research Center Incorporated, Molex, LLC., Nissha Co., Ltd., Optomec, Inc., Fuji Electric Co. Ltd., Konica Minolta Inc., Avery Dennison Corporation.

The Emergence of 5G and Electric Vehicles

Emerging interest and the inevitable transition to 5G technology have produced new material prospects in the electronics sector for the printed electronics industry. On the other hand, the capacity of an electric vehicle's (EV) battery is considerably affected by temperature. As a result, there is a high need for printed temperature sensor arrays that may be monitored directly.

Report Coverage

This research report categorizes the market for the printed electronics market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the printed electronics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the printed electronics market.

Driving Factors

‘’Increasing Adoption of Growing Integration of Internet of Things (IoT) Technology’’

The growing usage of printed electronic circuits in smart and connected products, and rising consumer preferences for energy-efficient, next-generation flexible consumer electronics, fuel demand for printed electronics. The rapid growth of the consumer electronics, healthcare, and automotive industries is a significant driver of the printed electronics market. The growing integration of Internet of Things (IoT) technology across businesses is driving up demand for printed electronics. The technique improves smart electronic devices' connectivity and effectiveness. Medical sensors and diagnostic devices are among the most prevalent printed electronics applications. One of the market's driving forces is the growing use of printed batteries in a variety of medical devices. Another important current trend in the printed electronics business is the use of stretchy, rechargeable, and flexible printed batteries.

Restraining Factors

‘’Higher Investments in New Technologies Hinders Market Growth’’

When it comes to new technology, cost reduction is often a consistent motivator of R&D efforts. However, new equipment and materials for printed electronic research are quite costly. Manufacturers have to prioritize R&D to provide value that extends beyond cost reduction, such as thinner, lighter, more resilient, and flexible products. Material attributes will impact investment decisions in specific technologies.

Market Segmentation

The printed electronics market share is classified into technology, material, application, and industry vertical.

• The screen printing segment accounted for the largest revenue share over the forecast period.

Based on the technology, the printed electronics market is categorized into flexography, inkjet printing, screen printing, offset printing, and others. Among these, the screen printing segment accounted for the largest revenue share over the forecast period. It is versatile in printing on a variety of substrates, including flexibility and rigid materials, making it appropriate for a wide range of applications. In addition, screen-printing technology utilizes a mesh to transfer ink onto a substrate. This printing technology produces high-quality and durable outputs.

• The inks segment is anticipated to grow at the highest CAGR during the forecast period.

Based on the material, the printed electronics market is categorized into substrates and inks. Among these, the inks segment is anticipated to grow at the highest CAGR during the forecast period. Printed electronic inks have low-temperature capabilities and are inexpensive, with a significant impact on product performance and manufacturing costs. Conductive inks are commonly utilized in print applications. The inclusion of metals in conductive inks makes them suitable for printing electronic devices and components. Conductive inks, specifically silver conductive inks, have found widespread application in printed electronics.

• The displays segment is projected to hold a significant market share through the forecast period.

Based on the application, the printed electronics market is categorized into sensors & switches, displays, medical wearables, photovoltaic cells, antennas, heaters, in-mold electronics, lighting, and others. Among these, the displays segment is projected to hold a significant market share through the forecast period. Printed displays provide new form factors and applications, ranging from wearable gadgets to IoT devices and beyond. Furthermore, this technology continues to grow at a steady rate in various device industries such as sensors, printed batteries, medical and healthcare, and media. As a result, this component helps to drive segment growth.

• The automotive & transportation segment is expected to hold the highest market share through the forecast period.

Based on the industry vertical, the printed electronics market is categorized into automotive & transportation, consumer electronics, healthcare, aerospace & defense, industrial, and others. Among these, the automotive & transportation segment is expected to hold the highest market share through the forecast period. Sensors, displays, thin-film PV cells, and OLED lighting alternatives are among the printed electronics used in the automotive sector. These are also utilized in automotive sensor technology, including tire pressure monitoring systems and airbag occupancy sensors. These sensors can be directly printed on surfaces, leading to more efficient and cost-effective production processes.

Regional Segment Analysis of the Printed Electronics Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the printed electronics market over the predicted timeframe.

North America is projected to hold the largest share of the printed electronics market over the forecast period. The region's market is distinguished by its heavy emphasis on innovation and a well-established ecosystem of research institutions, startups, and large enterprises developing cutting-edge printed electronics technology. North America is a leader in the development of innovative materials and printing techniques for electronics, with a special focus on applications in aerospace, defense, and healthcare. Furthermore, the region has a large number of significant participants in the electronics industry, which drives research and commercialization in fields such as flexible displays, RFID technology, and smart packaging.

Asia Pacific is expected to grow at the fastest CAGR growth in the printed electronics market during the forecast period. The rapidly expanding electronics manufacturing industry in South Korea, China, and Japan, and also the growing use of printed electronics technology in consumer electronics applications, are expected to continue to position the APAC region's market at the top while expanding at the fastest CAGR. The primary driver for market expansion in this region is government initiatives, which are also gaining traction because of their potential to transform several industries, including transportation and healthcare. Meanwhile, in January 2022, The Ministry of Electronics and Information Technology, together with the India Cellular and Electronics Association (ICEA), announced a five-year roadmap and vision for the country's electronics sector.

Europe is expected to rise significantly during the projected period. As a result of growing R&D costs and the technology's growing use in numerous industrial applications, such as RFID, photovoltaic, and lighting. It is projected that the region will experience steady growth rates during the predicted period. Due to the growing popularity of electronics products and the region's rising acceptance of cutting-edge technologies, the target market in Europe is growing rapidly.

In this market, South America is expanding significantly. Because of its rising interest in sustainable and low-cost technologies. These devices provide prospects for more environmentally friendly manufacturing processes and materials, as well as cost-effective solutions for local industry. Furthermore, partnerships and collaborations with foreign organizations and businesses are accelerating the region's use of electronics.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the printed electronics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Samsung Electronics Co., Ltd.
• LG Display Co., Ltd.
• Molex, LLC.
• Agfa-Gevaert Group
• Fuji Electric Co. Ltd.
• E Ink Holdings Inc.
• Palo Alto Research Center Incorporated
• Nissha Co., Ltd.
• Optomec, Inc.
• Konica Minolta Inc.
• Avery Dennison Corporation
• BASF SE
• TRITEK CO.
• DuPont de Nemours, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2024, Interlink Electronics, Inc., a global leader in sensors and printed electronic solutions that serve a wide range of applications, including Human-Machine Interface devices and Internet-of-things solutions, disclosed financial results for the three months ending March 31, 2024.

• In January 2024, Electronics 3D Printing Company, Electroninks an Austin-based manufacturer of metal complex inks for electronics applications formed a partnership with SAKATA INX, a Japanese manufacturer of inks and materials for the electronics sector. Electroninks would develop globally and improve its R&D capabilities as part of the cooperation, while SAKATA would be able to branch out into new product lines for electronics production.

• In July 2023, BASF provided their high-performance UV acrylic hotmelt acResin with a zero product carbon footprint. The qualities and quality of the new products are identical to those of their conservative predecessors.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the printed electronics market based on the below-mentioned segments: 

Global Printed Electronics Market, By Technology

• Flexography
• Inkjet Printing
• Screen Printing
• Offset Printing
• Others (Gravure Printing, Aerosol Jet Printing, etc.)

Global Printed Electronics Market, By Material

• Substrates
  • Organic Materials
    • Polymers
    • Papers
    • Fabrics
  • Inorganic Materials
    • Silicon
    • Glass
    • Metals
• Inks
  • Conductive Inks
  • Dielectric Inks
  • Semiconductive Inks

Global Printed Electronics Market, By Application

• Sensors & Switches
• Displays
• Medical Wearables
• Photovoltaic Cells
• Antennas
• Heaters
• In-mold Electronics
• Lighting
• Others

Global Printed Electronics Market, By Industry Vertical

• Automotive & Transportation
• Consumer Electronics
• Healthcare
• Aerospace & Defense
• Industrial
• Others

Global Printed Electronics Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa