Printed Electronics Market Forecasts to 2030 – Global Analysis By Type (Sensors, Batteries, Memory, Photovoltaic Cells, Radio Frequency Identification (RFID) and Other Types), Material, Distribution Channel, Technology, Application, End User and By Geography
According to Stratistics MRC, the Global Printed Electronics Market is accounted for $18.5 billion in 2024 and is expected to reach $46.7 billion by 2030 growing at a CAGR of 16.7% during the forecast period. Printed electronics is the process of creating electronic devices using printing techniques, typically on flexible substrates like plastic or paper. This innovative manufacturing approach integrates traditional printing methods with electronics, enabling the production of lightweight, flexible, and even disposable electronics. It encompasses a range of applications from flexible displays and sensors to smart packaging and wearable technology. It offers cost-effective solutions for creating complex electronic components, facilitating the development of new products in diverse industries such as healthcare, consumer electronics, and automotive sectors.
According to a report published on the scalable printing of nanoscale electronics and sensors by the Carnegie Mellon University (US) in February 2018, the cost of manufacturing printed electronics is 10 to 100 times less than the manufacturing cost of silicon-based sensors.
Market Dynamics:Driver:Growth of the internet of things (IoT)
The market is witnessing substantial growth fueled by the integration of Internet of Things (IoT) technologies. IoT enables seamless connectivity and data exchange between devices, enhancing functionalities like real-time monitoring, smart sensing, and automation in printed electronics applications. This synergy is driving innovations in wearable devices, smart packaging, and flexible electronics, expanding market adoption across industries such as healthcare, consumer electronics, and automotive.
Restraint:Environmental concerns
The production of printed electronic devices often involves materials and processes that can be environmentally harmful, such as heavy metals and non-biodegradable substrates. Disposal of these products at the end of their lifecycle raises concerns about electronic waste management. Addressing these challenges requires innovations in sustainable materials, recycling technologies, and energy-efficient production methods to mitigate environmental impact and promote long-term sustainability in the industry.
Opportunity:Increasing demand for wearable devices
The market is experiencing a surge in demand for wearable devices due to their lightweight, flexible, and cost-effective nature. These devices integrate seamlessly into clothing and accessories, offering functionalities like health monitoring, fitness tracking. The growing adoption of smart textiles and e-textiles further drives this trend, catering to diverse consumer needs for comfort and functionality in everyday wearables. This growth emphasizes the prospects of printed electronics, leveraging advancements in materials and manufacturing techniques to meet evolving consumer preferences.
Threat:High initial investment
The market faces a significant hurdle in its high initial investment requirements. Establishing production facilities equipped with specialized printing equipment and conducting extensive research and development to refine printing processes demand substantial capital. Moreover, integrating advanced materials such as conductive inks and substrates escalates costs. This financial barrier deters potential entrants and hinders market growth, despite the technology's promise in flexible displays, RFID tags, and smart packaging.
Covid-19 Impact:The COVID-19 pandemic significantly impacted the Printed Electronics market, initially causing disruptions in supply chains and manufacturing operations. However, as the demand for wearable devices surged due to remote working and health monitoring needs, the market rebounded. Innovations in flexible electronics and IoT applications further fueled growth, as industries adapted to the new normal of increased digitalization and remote connectivity. Overall, while facing initial challenges, the Printed Electronics market saw accelerated adoption driven by emerging trends in health tech and consumer electronics.
The screen printing segment is expected to be the largest during the forecast period
The screen printing is expected to be the largest during the forecast period. This method offers versatility in printing on flexible and rigid surfaces, contributing to the market's growth in wearable devices, smart packaging, and automotive applications. Its ability to handle a wide range of conductive and functional inks makes it ideal for manufacturing lightweight, thin, and customizable electronic products, meeting the increasing demand for flexible electronics across diverse industries.
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is expected to have the highest CAGR during the forecast period. These advancements include printed sensors for smart interiors, flexible displays for dashboards and printed conductors for lightweight and durable wiring solutions. The trend towards electric vehicles further drives innovation, more energy-efficient electronic systems. Manufacturers are increasingly focusing on enhancing vehicle functionality and sustainability through the application of printed electronics in automotive design and production.
Region with largest share:North America is projected to hold the largest market share during the forecast period driven by increasing demand for flexible displays, sensors across various industries. Key applications include smart packaging, automotive electronics, and consumer electronics, where advancements in material sciences and manufacturing technologies are pivotal. Major players in the region are focusing on R&D to enhance product capabilities and durability, while collaborations with technology firms and research institutes are fostering innovation.
Region with highest CAGR:Asia Pacific is projected to hold the highest CAGR over the forecast period driven by factors such as technological advancements, increasing adoption of IoT devices, and the presence of key manufacturers and suppliers. Advances in printing technologies, materials science, and nanotechnology are driving innovation and expanding the potential applications of printed electronics. Supportive government initiatives promoting research and development in electronics and semiconductor industries are fostering market expansion.
Key players in the market
Some of the key players in Printed Electronics market include BASF SE, Samsung Electronics Co., Ltd., Panasonic Corporation, LG Display Co., Ltd., Avery Dennison Corporation, Thinfilm Electronics AB, Blue Spark Technologies, Printed Electronics Ltd., Cymbet Corporation, Toppan Forms Co., Ltd., DuPont, XENON Corporation, GSI Technologies, NovaLED and Fujikura Ltd.
Key Developments:In June 2024, Samsung Electronics Co., Ltd. announced SmartThings Pro and next-generation display technologies for its award-winning digital signage lineup. The announcement is part of the company’s participation at InfoComm, the largest professional audio-visual industry trade show in North America.
In March 2023, Panasonic has introduced BEYOLEX™, a new thermoset stretchable film polymer substrate for printed electronics (PE). This novel material is based on a proprietary non-silicone thermoset polymer chemistry developed by Panasonic researchers at the Electronic Materials laboratory in Kadoma, Osaka, Japan.
Types Covered:
• Sensors
• Batteries
• Memory
• Photovoltaic Cells
• Radio Frequency Identification (RFID)
• Other Types
Materials Covered:
• Conductive Inks
• Substrates
• Dielectric Materials
• Semiconducting Materials
• Encapsulation Materials
• Other Materials
Distribution Channels Covered:
• Direct Sales
• Online Retailers
• Retail Sales
• Distributors and Resellers
Technologies Covered:
• Inkjet Printing
• Screen Printing
• Flexographic Printing
• Gravure Printing
• Offset Printing
• Other Technologies
Applications Covered:
• Wearable Devices
• Smartphones
• Medical Devices
• Diagnostics
• Smart Labels
• Packaging
• Other Applications
End Users Covered:
• Consumer Electronics
• Healthcare
• Automotive
• Aerospace & Defense
• Retail & Packaging
• Construction & Building Materials
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements