Printed sensors: Key market research findings
- Eco-friendliness of printed sensors
- Low prices of printed sensors and reduced manufacturing costs
Technavio has released a new market research report on the global printed sensor market, which is expected to grow at a CAGR of 3% between 2016 and 2020. The global market for printed sensors will have a positive outlook owing to its advantages, such as availability of low-cost, flexible substrates, over conventional silicon technology. Europe dominates the global market for printed sensors, accounting for 47% of the total market share. Government’s increasing support for the development and promotion of this green technology and the high technological competence of the companies in this region, are the major factors for this region’s growth.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Printed sensors are eco-friendly in nature, which ensures a high level of safety for users and eliminates any health risks. Printed electronics products like printed sensors use printing technologies on flexible substrates, such as paper, plastics, or foils, instead of silicon or other metal oxides, which are used to manufacture conventional sensors,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research.
Printed sensor manufacturers use a roll-to-roll manufacturing process to create electronic devices on rolls of flexible substrates like paper, glass, plastics, and rubber-based polymers. This enhances the speed of manufacturing, minimises the amount of unused material, reduces the cost by $1-$10 per node, and offers advantages such as mechanical flexibility, light weight, and thinness. Moreover, the manufacturing cost of printed sensors is expected to decline with the introduction of 3D printing technology, which uses a new material known as carbonmorph.
The key vendors in the global printed sensor market include GSI, ISORG, KWJ Engineering, Peratech, and Thin Film Electronics. This market is niche and is primarily dominated by a few leading vendors and some well-diversified vendors. The emergence of new-generation wearable tech and skin-conformal devices will propel the market growth in the coming years. In this market, the vendor forms partnerships or collaborations with other companies to improve their product offerings.
A more detailed analysis is available in the Technavio report, Global Printed Sensor Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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