Skip to main content

Printed Electronics Market: Industry Analysis And Detailed Profiles Of Top Industry Players

The global Printed Electronics Market is moderately fragmented, with leading players focusing on mergers and acquisition as their strategic business alliances are helping them to acquire greater share in the market and making them formidable competition for others. The players within the printed electronics market are also fighting to gain leadership in the market by implementing the latest technologies and investing in research and development for coming up with product innovations for customers. Samsung Electronics Co., Ltd., Thin Film Electronics ASA, Xerox Corporation, Optomec Inc., and Intrinsiq Materials, Inc. are some of the leading players within the global printed electronics market.


According to the research report, the global printed electronics market will rise from US$25.4 bn in 2015 to reach US$65.0 bn by the end of 2024. At this pace, the market is expected to exhibit a strong CAGR of 11.0% between the forecast period of 2016 and 2024. By geography, it is estimated that Asia Pacific will continue to lead in the printed electronics market. The region held a 36% share in 2015, with most contribution from Japan, China, and India. On the basis of application, the retail and packaging segment is leading in the market on account of the growing dynamic perceptions of packaging and growth in the retail sector. The retail and packaging segment is anticipated to account for a share of 34.5% by 2024. The high demand for smart packaging will also help boost the growth of this segment. Moreover, technological improvements and innovative methods of packaging are also behind the growth of the retail and packaging application segment.


Demand for Printed Electronics to Increase as Use of Organic Materials Leading to Reduction in Printing Price

According to the lead author of this report, “the global printed electronics market is driven by high adoption of organic materials for making printed electronics, which is responsible for the low cost printing of flexible displays.” The growing pressure to reduce consumption of energy, decrease material wastage, and reduce the negative impact on the environment has also compelled many market players to make use of organic materials for printed electronics, thereby increasing the uptake of the same. The use of coated papers for printed electronics is also increasing and becoming popular. All these factors will boost the growth of the global printed electronics market. “The trend of minimal material consumption and high-speed fabrication will positively influence the growth of this market” said a TMR analyst.


High Production Cost and Low Availability of Organic Materials Posing Challenge for Market


The global printed electronics market is also facing a few challenges, which have restrained its growth from reaching its fullest potential. One of the key restraining factors for the growth of the global printed electronics market is the lack of availability of organic materials. Ironically, the market’s strongest growth factor is the use of organic materials. Market players are investing extensively on research and development for using organic compounds. This in turn is increasing the cost of production. Thus, high production cost and low availability of organic materials are two important factors that are threatening the growth of the global printed electronics market.

Comments

Post a Comment

Popular posts from this blog

Global Thin Wafer Processing and Dicing Equipment Market - A cutting-edge technology, industry survey and new business opportunities 2024

Global Thin Wafer Processing and Dicing Equipment Market: Overview Rising demand for three dimensional integrated circuit used extensively across various miniature semiconductor devices is one of the important factor anticipated to boost the demand for thin wafer processing and dicing equipment in the coming years. Three dimensional integrated circuit are increasingly adopted across various space constrained applications including portable consumer electronic devices, sensors, MEMS and industrial products as it increases the overall performance of the products in terms of speed, durability, low power consumption, light weight and memory. Moreover, three dimensional integrated circuit also helps to reduce the area of consumption in a printed circuit board and in turn enables extensive cost reduction. Thin wafer of thickness 20 um – 50 um is an integral part of the three dimensional integrated circuit technology. Thus, anticipated increasing demand for three dimensional integra...
1 comment
Read more

Data Science Platform Market Set to Witness Significant Growth in the Coming Years

Data Science Platform Market: Overview Big data, advance analytics and predictive modeling are now becoming indispensable part of business houses, who are striving to optimize decision-making and deliver value to customers. With rise in enormous data generated in various digital platforms and corresponding increase in use of various data analytics tool the phrase “data science platform” has been tossed around about a lot recently. Data science platforms are supposed to be an arena where plethora of various data scientists works are collected. In colloquial term, data science platform terms defines that it provides various algorithm integrated with analytical tools that help data analyst to cluster and explore data from varied sources, and further design and implement models. These models sought from data science platform helps in framing decisions and strategies. Data science platform assist wide array of various suite of tools that is being introduced subsequently implemented ...
Post a Comment
Read more

Harbor Management System Market: Market Scope and Size by Application

Harbor management software assists in maintaining the safety and security of vessels. Certain type of this harbor management software has a facility wherein it can trace vessels near the harbor within a specific range. The vessels can be viewed through graphics. This helps harbor managers in identifying if a vessel is in the wrong location or if the vessel’s location information is incorrect. Harbor management software assists in maintaining the safety and security of vessels. Certain type of this harbor management software has a facility wherein it can trace vessels near the harbor within a specific range. The vessels can be viewed through graphics. This helps harbor managers in identifying if a vessel is in the wrong location or if the vessel’s location information is incorrect. Through the graphical overview, harbor managers can also recognize if the vessels are moving toward each other, which can lead to a collision and can alert the vessels to divert their route a bit from t...
Post a Comment
Read more