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.
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.
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.
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