According to the latest market research study by Technavio, the global printed electronics market is expected to grow at a CAGR of close to 8% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global printed electronics market regarding revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
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The top three revenue contributing application segments are discussed below:
Global printed electronics market in smart cards segment: Smart cards consist of central processing unit and the printed memory chip. They primarily act as a cost-effective way to store, manage, and maintain credentials for the user.
“The smart card segment is growing at a rapid pace due to the adoption of smart cards for various purposes like debit cards, shopping cards, credit cards, packaging, and unique identification cards. Technological advances, falling prices, and the introduction of high-end sim propel the growth of the smart cards. The market is also growing, with an increase in government initiatives for the citizen identification cards and different benefits like e-Visas and metro rail project,” says Chetan Mohan, a lead analyst at Technavio for research on semiconductor equipment.
Global printed electronics market in sensors segment: The continuous miniaturization of sensors due to the development of the sensor manufacturing technology has elevated the demand for printed electronics in various applications. The printed sensors are widely used in different applications such as healthcare, safety and security, packaging, automotive, and others. The upsurge in the governmental support for the development of printed sensors in different countries such as China, Germany, the US, and the UK has led to the growth of the sensors market during the forecast period. APAC is expected to be the fastest growing market for printed electronics due to the increasing outsourcing of production and rising industrialization, mainly in India and China.
Global printed electronics market in printed batteries segment: Printed batteries is expected to witness significant growth during the forecast period. The growth is due to several smartphone vendors like Samsung (Samsung Galaxy), Apple, and LG that are investing in R&D activities for printed electronics. These vendors along with wearable vendors are shifting toward flexible devices, which require printed batteries. Printed batteries provide solutions for RFID tags, micro sensors, pharmaceutical products, and cosmetic patches.
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The top vendors operating in the global printed electronics market are:
- E Ink
- T-Ink
- Thinfilm Electronics
- NovaCentrix
- GSI Technologies
A more detailed analysis is available in the Technavio market research report titled, ‘Global Printed Electronics Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Semiconductor Production Equipment Market 2016-2020
- Global Semiconductor Chip Handler Market 2016-2020
- Global Semiconductor Inspection Systems Market 2016-2020
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