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What Role Will Printed Electronics Play in Smart Cities?

The U.S. government announced intentions in 2019 to invest $160 million over the next five years in smart city projects. Similarly, under the Smart City Initiative, India is aiming to develop a hundred of these modern urban dwellings. Such high-tech living spaces will be defined by the complex interplay of smart grids, smart homes, connected cars, connected health, smart retail, smart farming, and smart supply chains, among many such functionalities.

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For this to be accomplished, sensors are embedded in a variety of objects, such as home appliances and wearables, which connect to the internet and interchange real-time data on their functioning. Due to the increasing smallness of these internet of things (IoT) sensors, conventional methods of manufacturing them are proving ineffective. Thus, as per P&S Intelligence, the printed electronics market is expected to grow from $35.7 billion in 2019 to $363.1 billion by 2030, at a robust 22.4% CAGR during 2020–2030 (forecast period).

Printed electronics are created by using a variety of inks with electrical properties to mark wire-like patterns on substrates. With advancements in technologies and the rising need for miniature devices and sensors, cars, smart homes, and even clothes are being embedded with an array of smart sensors, labels, tags, and loggers created with the electronic printing method. Printed-electronics-based humidity, temperature, proximity, infrared (IR), and visible light sensors are being integrated in smart plugs, smart loggers, and smart light bulbs.

This market research report provides a comprehensive overview of the market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
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