Printed Electronics Industry Dynamics
Market Research Future (MRFR) presumes that the printed electronics market 2020, after touching a valuation of USD 6.24 billion in 2018, can now reach USD 11.50 Billion by 2023. MRFR also confirms that the market can advance at a rate of 13.0% over the appraisal period (2018–2013). We will provide COVID-19 impact analysis with the report, offering an in-depth review of the Printed Electronics industry following the coronavirus disease outbreak.
COVID-19 Analysis
Health-care professionals, governments and industries are struggling to deal with the after effects of the COVID-19 outbreak, with the use of artificial intelligence, big data and predictive analysis, in every way possible to reduce the spread of the pandemic. The printed electronics market is on the brink of massive financial crisis due to ceased production, price volatility and disruption in supply. For this, manufacturers are stepping up to address the soaring demand; however, the lack of raw materials can be a huge challenge for the industry.
However, printed electronics are observing huge demand across various industries like healthcare, retail and automotive post SARS-CoV-2, given the rising use of electronic devices for smart applications owing to closure of gyms, schools, restaurants, theaters, and various public venues. There has been a decline in social interactions, which has led to significant curb on people’s mobility that helps reduce the spread of novel coronavirus. Countries are working on finding a COVID-19 breakthrough; printed electronics manufacturers are doing everything in their capacity to curb the revenue loss during the lockdown period. Despite the COVID-19 impact, it can be assumed that the Printed Electronics Market can witness sustained growth due to mitigation measures being taken by governments and leading players.
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Significant Competitors
Significant competitors in the printed electronics industry include E Ink Holdings (Taiwan), FM Systems (US), SAMSUNG (South Korea), Brightvolt (US), Xerox (Palo Alto Research Center) (US), Thin Film Electronics (Norway), Molex (US), Novacentrix (US), Intrinsiq Materials (US), Agfa-Gevaert (Belgium), BASF (Germany), to mention a few.
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Printed Electronics Market Segmentation
The printed electronics industry has been segregated into printing technology, application as well as industry vertical.
The printing technologies considered in the study include screen printing, inkjet printing, gravure printing, flexographic printing, and others.
Application-wise categories are RFID tags, displays, photovoltaics, batteries, lighting solutions, sensors, and more.
Industry verticals that deploy the technology are consumer electronics, aerospace and defense, healthcare, retail and consumer goods, automotive, and others.
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Regional Insight
The geographic distribution of the printed electronics market comprises North America, APAC/Asia Pacific, Europe, and RoW/rest of the world.
MRFR deems North America with the highest potential to clinch the top position in the global market. As a highly advanced region, there is higher uptake of modern technologies, especially in the semiconductor industry. The printed electronics market has incredible growth potential in the region, due to extensive application scope in consumer electronics and automotive industries. It is anticipated that the US can take the lead in the regional market, thanks to the growing investments in RD coupled with the rising consumption of the technology in applications such as lighting, RFID devices and photovoltaic.
The APAC market can witness the fastest expansion in the years ahead, as a result of the easy availability of low priced technologies combined with the high concentration of well-established electronic devices manufacturing vendors. The APAC market is the most lucrative in countries like India, Japan, and China, because of the thriving electronic manufacturing industry.
