PRINTED ELECTRONICS MARKET ANALYSIS

Printed Electronics Market Size and Trends

The printed electronics market is estimated to be valued at USD 14.72 Bn in 2024 and is expected to reach USD 49.31 Bn by 2031, growing at a compound annual growth rate (CAGR) of 18.8% from 2024 to 2031.

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The printed electronics market is expected to witness significant growth over the forecast period. Key factors such as the increasing demand for lightweight and flexible electronics from various end-use industries and the growing adoption of printed electronics in applications including displays, sensors, batteries, Radio-frequency identification (RFID) tags, and photovoltaics will boost the demand for printed electronics. Adoption across consumer electronics products for implementation in smart devices, wearables, and TVs will further support the market growth. Additionally, ongoing investments in R&D of printing technologies coupled with advancements in printing techniques will expand the application horizons and drive the printed electronics market during the forecast period.

Consumer Electronics Providing Tailwinds

One of the primary drivers of growth in the printed electronics market is the expanding consumer electronics space. As device miniaturization becomes increasingly important, printed electronics allow for thinner, lighter, and more flexible electronic components compared to traditional silicon-based electronics. Technologies like printed transistors, displays, and batteries are enabling innovative form factors in phones, tablets, wearables, and other consumer devices.

Manufacturers are under constant pressure to deliver regularly upgraded products while keeping costs low. Printed electronics offer a solution here as well through cheaper and faster production processes than conventional manufacturing methods. Printing techniques can deposit materials on diverse substrates quickly and at low temperatures, without the need for cleanrooms. This reduces manufacturing complexities and costs. Furthermore, at-home and portable printing of electronic circuits could facilitate user customization and on-demand manufacturing.

For instance, in November 2022, Henkel AG & Co. KGaA a German multinational chemical and consumer goods company and LAIIER a smart building monitoring and preventative maintenance platform, joined forces to advance smart building applications using printed electronics. The collaboration focuses on enhancing the use of LAIIER's Severn Water Leak Detector in commercial and industrial buildings. By combining their distinct technology and innovation strengths, both companies aim to further develop this solution for improved functionality.

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While consumer markets generate much buzz, industrial and manufacturing sectors also provide a massive opportunity landscape for printed electronics. In these settings, requirements around ruggedness, scalability, and functional integration call for solutions beyond rigid silicon chips. Technologies like printed sensors, energy harvesters, and photovoltaics are finding increasing applications in industrial IoT, smart manufacturing, logistics, and transportation.

As industrial automation expands, printed sensors allow the real-time monitoring of environmental conditions, asset performance, and products.

For instance, in March 2022, Ynvisible Interactive Inc. launched a new printed e-paper display that uses the least amount of energy in the market. This upgraded ultra-low-power display consumes 50% less energy per switch compared to its previous version, and it can stay on and off for up to 10 times longer. This makes the technology the most energy-efficient display available in the e-paper market.