Printed Electronics Market is Estimated to Witness High Growth Owing to Opportunity in Wearable Devices

Printed Electronics Market


 Printed electronics involve printing of electronic devices on various substrates such as paper, plastic, fabric and more using techniques such as screen printing, inkjet printing and others. Printed electronics finds applications in various electronic devices such as displays, sensors, batteries, RFID tags and more. Printed electronics offer advantages such as low manufacturing cost, flexibility and more compared to conventional electronics manufacturing. With growing demand for wearable devices, use of printed electronics helps in manufacturing wearable devices that are lightweight, flexible and inexpensive.


The global Printed Electronics Market is estimated to be valued at US$ 7114.14 Mn in 2023 and is expected to exhibit a CAGR of 22.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:
The growing wearable devices market presents a major opportunity for growth of printed electronics market. Some of the key factors driving demand for wearable devices include growing health awareness, increasing adoption of IoT and connected devices. Printed electronics help in developing flexible and lightweight wearable devices such as smart watches, fitness trackers and more at low cost. This is a major factor boosting use of printed electronics in manufacturing of wearable devices. With continued innovations and advancements, printed electronics-based wearable devices market is poised to witness significant growth over the coming years. This presents a lucrative opportunity for printed electronics market players to leverage the growing demand from wearable devices industry.

Porter's Analysis
Threat of new entrants: The printed electronics market requires significant capital investments for R&D and manufacturing facilities which poses high entry barriers for new players.
Bargaining power of buyers: The presence of numerous technology providers and product substitutes gives buyers diverse options and bargaining power in the market.
Bargaining power of suppliers: The availability of alternative raw material suppliers and outsourcing options limits the bargaining power of suppliers in the printed electronics market.
Threat of new substitutes: Technologies like flexible hybrid electronics and organic semiconductor displays pose potential threats as substitutes for printed electronics products.
Competitive rivalry: The competitive rivalry in the printed electronics market is high due to increasing number of companies globally working towards developing advanced printed electronic materials and production technologies.

SWOT Analysis
Strength: Emerging applications in bioelectronics, RFID, touchscreens along with environmental advantages drives the demand for printed electronics.
Weakness: High costs associated with process development and commercialization. Compatibility issues of printed conductive inks on diverse substrates.
Opportunity: Adoption in consumer electronics, healthcare, retail, automotive will provide significant growth opportunities. Miniaturization of electronic components to manufacture wearables and smart textiles.
Threats: Strict performance and reliability certification standards for applications in medical devices may hinder the market growth. Intellectual property infringement issues.

Key Takeaways
The Global Printed Electronics Market Growth is expected to witness high growth over the forecast period of 2023 to 2030. The rising demand for flexible and wearable electronic devices along with technological advancements in printing techniques is fueling the market expansion.

Regional analysis—Asia Pacific region currently dominates the global printed electronics market with major market share. This is attributed to the large production capacities and presence of leading electronic device manufacturers in countries like China, Taiwan and South Korea. Rapid industrialization and presence of emerging economies offering manufacturing opportunities boost the regional market growth.

Key players— Key players operating in the printed electronics market are Regenacy Pharmaceuticals, Inc., Astex Pharmaceuticals, 4SC AG, CellCentric Ltd., Celleron Therapeutics Ltd., Bristol-Myers Squibb Company, Oryzon Genomics S.A., ChromaMedicine, Inc., Epizyme, Inc., and EpiGentek Group Inc. The key players are actively focusing on new product launches and partnerships with technology providers to strengthen their positions in the global market.

Get more insights on this topic: https://www.pressreleasebulletin.com/printed-electronics-market-trends-size-and-share-analysis/

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