Skip to main content

3D Printed Electronics Market Size to Grow Exponentially during the Assessment Period 2030

According to a new market report published by Transparency Market Research titled “3D Printed ElectronicsMarket–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the global 3D printed electronics market was valued at US$ 137.1Mn in 2017 and is expected to expand at a CAGR of 44.46% from 2018 to 2026, reaching US$ 3,915.0 Mn by the end of the forecast period.
One of the prominent reasons for the growth of the 3D printed electronics market is the advantages associated with 3D printed electronic products. By 3D printing the electronics, it is possible to produce miniature electronic components in applications where space is a constraint. The method of 3D printing enables the user to produce electronic components which are light weight, enable high performance, and facilitate more streamlined design. Furthermore, electronic components such as sensors and antennas can be directly printed on the 3D surfaces which eliminate the need of circuitry. Thus, due to the above advantages, an increasing number of industries are resorting to 3D printed electronics components.
A key trend prevalent in the 3D printed electronics market is the increasing participation of leading players in various exhibitions and conferences with an aim to promote their 3D printed electronic products. For instance in May 2018, Enfucell, a printed power source provider, participated in the 9th International Conference on Flexible and Printed Electronics, which is among the prominent conferences involving printed and flexible electronics.
Companies are working on enhancing their manufacturing capabilities in order to produce new and upgraded 3D electronic products. For instance, in August 2017, Draper, a not-for-profit research and development company, tackled the challenges of material-material interaction in multilayer 3D printing of electronics. The company’s researchers equipped a 3D printer with conductive metal-based multi-material ink which would act as sprayable electronics for PCBs and other electronic components and designed a multilayer system-on-chip microprocessor.
Based on product type, the global 3D printed electronics market has been segmented into antenna, sensor, PCB, MID, and others (IPD, semiconductor, OLED screens). In 2017, the antenna segment was the highest revenue generating segment. Antennas are comparatively easier to manufacture by 3D printing methodology and find application across a wide range of industries which includes aerospace & defense, consumer electronics, and telecom. Sensor segment is expected to expand at a significant CAGR of around 45.12% over the forecast period. With the technological enhancements in 3D printing methodology, the fabrication of compound sensors or Nano sensors with better functionalities is anticipated to drive the growth of the sensor segment.
Based on industry, the market has been segmented into aerospace & defense, consumer electronics, medical, automotive, telecom, and others. Others segment includes consumer products, education & research, and energy & utilities. In 2017, the aerospace & defense segment was the topmost revenue generating segment. This industry requires highly customized electronic components which are lightweight and can deliver high performance. Moreover, electronic components can be directly printed into areas where space is a constraint. 3D printing method enables the production of such electronic components and hence witnesses significant demand from the aerospace & defense segment. The consumer electronics segment is expected to expand at the fastest CAGR of 45.11% from 2018-2026., 

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