Printed electronics market worth $ 23.0 billion by 2026


CHICAGO, October 19, 2021 / PRNewswire / – According to a research report “Printed electronics market with COVID-19 impact analysis by printing technology (screen printing, inkjet printing), application (screens, photovoltaic cells), resolution, material (inks, substrates), industry of ‘end use and geography – Global forecasts to 2026 “, published by MarketsandMarkets ™, the market is expected to reach $ 23.0 billion by 2026 based on an estimate $ 9.9 billion in 2021, at a CAGR of 18.3% from 2021 to 2026. The increased demand for printed electronics in the automotive and transportation industry and the growth of the consumer electronics industry are among the driving factors the growth of the printed electronics market.

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The printed electronics market is expected to grow at a CAGR of 18.3% from 2021 to 2026

The global printed electronics market is expected to reach $ 23.0 billion by 2026 based on an estimate $ 9.9 billion in 2021, at a CAGR of 18.3% from 2021 to 2026. Market growth is mainly driven by the increased use of printed electronics for the development of smart and connected devices, increasing global demand energy-efficient, slim, and flexible consumer electronics, the strong demand for next-generation flexible printed electronics and the significant cost advantages offered by printed electronics.

In 2020, screen printing held most of the printed electronics market

In 2020, screen printing held most of the printed electronics market. The growth can be attributed to the increased use of screen printing for manufacturing displays and sensors. Screen printing is the most widely used technology for manufacturing screens of commercial devices such as smartphones and laptops; it is also used to develop sensors and photovoltaic (PV) cells allowing precise printing of thin and thick lines on substrates. In addition, screen printing offers simplified application of a variety of inks and dyes, which are very durable and flexible.

Lighting segment expected to grow at highest CAGR from 2021 to 2026

The lighting segment of the printed electronics market is expected to grow at the highest CAGR during the forecast period owing to an increase in the use of printed electronics in automotive lighting solutions and household appliances. The increasing demand for cost-effective, personalized and energy-efficient lighting is also fueling the market growth on a global scale. Lighting based on printed electronics is quickly replacing expensive tungsten, halogen and fluorescent lamps. In addition, the governments of different countries have invested more in the development of OLED-based printed lights. They also issued guidelines mandating the use of energy efficient lighting.

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Automotive and transportation held most of the printed electronics market in 2020

Automotive and transportation held the bulk of the printed electronics market in 2020. There are wide areas of application for devices and components based on printed electronics. These devices and components, such as sensors and displays, can be integrated into vehicles. For example, leading car manufacturers such as Ford, General Motors, Nissan, Toyota, BMW and Audi have a growing demand for flexible lighting for automobiles.

APAC is expected to grow at the highest CAGR from 2021 to 2026

APAC is expected to grow at the highest CAGR from 2021 to 2026. The region also held the largest share of the overall printed electronics market, followed by the Americas, Europe, and the grip. The printed electronics market in APAC is expected to grow at the highest CAGR from 2021 to 2026. China, Japan, and South Korea adopting printed electronics at a higher rate due to the advantages it offers, including transparent, lightweight, flexible and stretchable materials. In addition, industrial developments and the concentration of manufacturing activities in China and Japan boost the region’s economic growth, which in turn is expected to lead to increased adoption of printed electronics in APAC.

Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Molex, LLC (United States), Agfa-Gevaert Group (Belgium), Palo Alto Research Center Incorporated (PARC) (United States), DuPont de Nemours, Inc. (United States), Nissha Co., Ltd. (Japan), BASF (Germany), NovaCentrix (United States) and E Ink Holdings Inc. (Taiwan) are among the key players in the printed electronics market.

Associated reports:

Electronics and Flexible Circuits Market with COVID-19 Impact Analysis by Structure Type (Single Sided Flexible Circuit, Multilayer Flexible Circuit), Application (Displays, Printed Sensors), Vertical (Consumer Electronics) and Geography – Forecast worldwide until 2026

COVID-19 Impact Thin Film & Printed Battery Market, By Type (Thin Film, Printed), Voltage, Capacity, Recharge Capacity (Primary Batteries, Secondary Batteries), Application (Smart Packaging, Medical Devices), and Geography – Forecast global for 2025

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