Skip to main content

Printed Electronics Market Business Analysis, Growth and Forecast Report

The increasing penetration of flexible electronic devices in the automotive, healthcare, and power and energy industries will amplify the usage of printed electronics in the coming years. Integrated circuits (ICs) are deployed in flexible devices on a flexible substrate, including metal or plastic, which can be wrapped, rolled, folded, or twisted, without affecting the function.

Owing to the surging adoption of such electronic products, printed electronics suppliers are collaborating with technology providers to provide improved products to the end-use industries. Moreover, the rising shift from conventional printing to digital printing will fuel the printed electronics market at a CAGR of 22.4% during 2020–2030. The market revenue is expected to surge from $35.7 billion in 2019 to $363.1 billion by 2030.

In recent years, digital printing has been gaining momentum due to soaring environmental concerns. Unlike conventional printing, digital printing does not involve the usage of volatile organic compound (VOC)-based products, such as paint strippers and aerosol sprays, and heavy metals, such as chromium, lead, mercury, and cadmium, which have an adverse impact on the environment.

According to P&S Intelligence, the APAC printed electronics market is expected to witness the fastest growth in the foreseeable future. This can be ascribed to the burgeoning demand for consumer electronics in countries such as Australia, India, Japan, South Korea, and China. Moreover, the soaring preference for flexible consumer electronics, such as wearable devices, will augment the need for printed electronics in the region in the forthcoming years.

Additionally, the transportation sector in APAC will also adopt printed electronics in ticket machines, passenger information displays, and control panels. Thus, the rising use of flexible electronic devices and surging investments being made in the aerospace and defense sector in Europe and North America will augment the demand for printed electronics in the foreseeable future.
Labels:

Comments

Post a Comment

Popular posts from this blog

Revenue Explosion Predicted in Global Micro Battery Market During 2020—2024

The global micro battery market had a valuation of $418.2 million in 2018 and is predicted to generate a revenue of $1,100.0 million by 2024. Furthermore, the market will exhibit a CAGR of 18.4% between 2019 and 2024. The increasing usage of wearable devices, the rising integration of the internet of things (IoT) in medical devices, and the soaring usage of compact batteries in healthcare applications are the major factors fueling the progress of the market. The rising incorporation of the IoT in medical devices is an important factor propelling the growth of the micro battery market across the globe. With the soaring population levels and the rising prevalence of chronic diseases in various countries, the healthcare industry is rapidly adopting high-tech solutions. The growing usage of advanced medical devices and wearable electronics is causing huge improvements in patient care and treatment procedures. Moreover, it is massively reducing the healthcare costs.  For example, medic...
Post a Comment
Read more

Demand for Webgames Set to Shoot Up in Asia-Pacific in Coming Years

The global webgame market valuation will rise from $3.5 billion in 2019 to $6.5 billion by 2030. Furthermore, the market is predicted to demonstrate a CAGR of 5.7% between 2020 and 2030. Depending on genre, webgames are classified into sports games, real-time strategy games, massive multiplayer online roleplaying games (MMORPGs), arcade games, and first-person shooters. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/webgame-market-insights/report-sample Out of these, the popularity of first-person shooters will grow sharply across the world in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. These types of games are not like the third-person shooters, in which, the gamers can see the character which they are controlling. As these games are highly engrossing and thrilling, their popularity is soaring rapidly all over the world. Globally, the webgame industry is predicted to exhibit the...
Post a Comment
Read more

Increasing Adoption of AR/VR Solutions To Drive Extended Reality (XR) Market

Growth factors such as the increasing adoption of augmented reality (AR)/virtual reality (VR) solutions, surging penetration of smartphones and connected devices, and rising number of partnerships and collaborations among players are expected to drive the growth of the extended reality (XR) market at a CAGR of 48.3% during the forecast period (2020–2030). With this growth rate, the market size is projected to reach $1,005.9 billion by 2030 from $18.6 billion in 2019. The increasing penetration of AR/VR solutions among people and industries is a key factor that will improve the extended reality market growth scenario in the coming years. To gain knowledge and for entertainment purposes, people are increasingly adopting head-mounted displays (HMDs), which is why market players are offering these solutions to provide an engaging and interactive customer experience. AR and VR add to or completely replace the visual reality for people, thus transporting them to a completely different world...
Post a Comment
Read more