Printed Electronics Market Is Predicted To Grow Quickly Due To The Increasing Penetration Of IoT Till 2025: Grand View Research, Inc.
The global printed electronics market is projected to reach
USD 19.15 billion by 2025, according to a new report by Grand View Research,
Inc. The surging demand for the flexible electronics at low manufacturing costs
and the need for eco-friendly technologies is paving the way for increased
adoption of the technology.
Additionally, the increasing
penetration of IoT worldwide is proving to be a prime factor in pulling the
printed electronics market over the forecast period. The continuously growing
demand for IoT in the telecommunication industry for enhancing the network and
optimizing the performance along with operations is expected to propel the
application of technology over the forecast period.
Numerous technological
advancements and developments have led to the evolution of various electronic
gadgets and instruments. The growing awareness and user-friendly technologies
are leading to the early adoption of these innovative products significantly.
Competent players of the industry
are investing largely on the related R&D activities in order to enrich the
product portfolios and establish their presence in the market. Eventually,
adoption of the efficient and reliable technologies such as printed electronics
has turned out to be a necessity for the manufacturers across the globe.
Therefore, the printed electronics is anticipated to seek a notable attention across
the consumer electronic sector over the forecast period.
The printed electronics market is
categorized based on the materials needed, technologies, and the devices
holding a major application over the forecast period. The Asia Pacific region
contributes to the major demand of the conductive inks and is expected to hold
the grip over the estimated time. This demand can be accredited to the
increased production of consumer electronics across the regional countries.
However, the North America and
European countries such as UK, Germany, and Norway includes various
organizations and associations involved in the promoting and investing in
R&D for developing the printed electronics technology. Furthermore, the
Asia Pacific region is also expected to witness heavy demand which has led the
companies to invest heavily for enhancing the ink quality, reliability, and
other conductive properties.
The characteristic features of
the inkjet technology such as less ink consumption and material wastage,
flexibility, compactness, and less initial investment is leading the technology
to experience a noteworthy swift over the estimated period. Furthermore,
printed electronic RFID devices is another segment to observe a remarkable rise
over the forecast period owing to the demanding application in the packaging
sector. Hence, impacting positively for strengthening the global printed
electronics market across the globe.
Browse full research report on Printed Electronics Market: http://www.grandviewresearch.com/industry-analysis/printed-electronics-market
Further key findings from
the report suggest:
- The printed electronics market growth can be
accredited to the increasing adoption of the inkjet technology, the
growing display and printed RFID devices segments.
- The increasing awareness regarding the conservation
of natural resources is leading to the adoption of eco-friendly
alternatives, such as the adoption of photovoltaic devices which is
further attributing the technology growth.
- Conductive inks and the screen printing technology
are the two segments dominating the overall printed electronics market
constituting the major share.
- Various organizations and associations are promoting
the printed electronics technology in the European countries such as
Germany and UK, constituting for a considerable share in 2015.
- The key industry participants include Enfucell Oy,
GSI Technologies, NovaCentrix, and T-Ink, Inc. The major enhancement
strategies followed by the competent players include signing partnerships
or distribution agreements, mergers, and acquisitions along with enriching
their portfolios by undertaking continuous R&D.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the global printed
electronics market on the basis of material, technology, device, and region:
Printed Electronics Material Outlook (Revenue, USD
Million, 2014 - 2025)
- Ink
- Substrate
Printed Electronics Technology Outlook (Revenue, USD
Million, 2014 - 2025)
- Inkjet
- Screen
- Gravure
- Flexographic
Printed Electronics Device Outlook (Revenue, USD Million,
2014 - 2025)
- Display
- Photovoltaic
- Lighting
- RFID
- Others
Printed Electronics Regional Outlook (Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Asia
Pacific
- China
- Japan
- South
America
- Brazil
- Middle
East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Comments
Post a Comment