To learn more about this report, request sample copy
The Asia Pacific region is estimated to hold the largest share of 43.8% in the printed electronics market in 2024, especially countries like China, is witnessing the fastest growth and emerging as the new hotspot for printed electronics. This can be attributed to massive government support and initiatives focused on energizing the local electronics industry. For example, the Chinese government is providing subsidies, low interest loans, and tax incentives for investments in printed flexible electronics manufacturing. As a result, global as well as domestic players are establishing their production bases in China to cater to the growing domestic demand as well as boost exports.
Countries like China also have inherent advantages like availability of low-cost raw materials and skilled labor force for electronics manufacturing. This is attracting significant foreign investments and technology transfers in the region. Overall, factors such as the huge internal market, low-cost manufacturing environment and strong government push are fuelling rapid expansion of the printed electronics industry in the Asia Pacific region, especially China. It is emerging as one of the strongest contenders to global leader North America in the coming times.
North America has expected to establish itself as the fastest growing regional market for printed electronics with 21.07% of the CAGR. This can be attributed to strong industry presence and continued investments in R&D activities within the region. Major players like DuPont, E Ink, 3M, etc. have their headquarters and large production facilities located in countries like the U.S. and Canada. As a result, the technology has seen widespread commercialization and adoption in applications such as flexible displays, smart labels, energy harvesters, and others. In addition, companies based out of NA region are at the forefront of developing new and innovative printed electronic products. This allows them to cater to local demand as well as export such products globally.
Another important factor is the relatively higher pricing that companies in North America can command for their premium offerings compared to other regions. This pricing power, combined with large scale production, enables players here to gain significant profitability and further invest in new product development. Overall, the region enjoys a host of advantages including technological leadership, availability of skilled workforce, and strong manufacturing infrastructure that has made it the clear leader in the printed electronics space.
Printed Electronics Market Report Snapshots
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients