DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com has added the "Global Printed Electronics Market-Forecast for 2026" report to the products of ResearchAndMarkets.com.
The global printed electronics market is expected to increase from US$9.9 billion in 2021 to US$23 billion in 2026, with a compound annual growth rate of 18.3% from 2021 to 2026.
As the application of printed electronic products in the Internet of Things environment increases, the global demand for printed electronic products is growing. Various sensors, smart tags, recorders, and RFID tags can be manufactured at low cost by using printed electronic equipment.
In addition, the growth of the printed electronics market can be attributed to the increase in global demand for miniaturized devices, technological advances in electronic devices, and the availability of portable electronic devices for packaging, automotive, and healthcare applications.
The market segment with 200 lines/cm and above is expected to grow at the highest compound annual growth rate during the forecast period
It is expected that the market segment with 200 lines/cm or more will grow at the highest compound annual growth rate during the forecast period. The growth is due to the increasing use of this resolution to develop new printed electronic products with improved features.
It is expected that during the forecast period, the lighting segment of the printed electronics market will grow at the highest compound annual growth rate
Lighting based on printed electronics is rapidly replacing expensive tungsten lamps, halogen lamps and fluorescent lamps. In addition, governments of different countries have increased their investment in lighting development based on printed OLEDs. They also issued directives for mandatory use of energy-saving lighting. Therefore, it is expected that during the forecast period, the lighting segment of the printed electronics market will grow at the highest compound annual growth rate.
During the forecast period, the aerospace and defense sector is expected to grow at the highest compound annual growth rate
The aerospace and defense sectors of the printed electronics market are expected to grow at the highest compound annual growth rate during the forecast period. This is due to the light weight, low complexity and high reliability of printed electronics products, so they are increasingly used. As a result, their maintenance requirements are low.
Printed sensors and batteries are used to monitor the environment and remote assets of military institutions. They can be used to monitor devices in difficult-to-access environments. Printed display panels are also deployed in rugged systems for defense applications. They are also used in aircraft cockpits and navigation systems.
By region, the Asia-Pacific region is expected to account for the largest share of the printed electronics market by 2026
It is estimated that by 2026, the Asia-Pacific region will occupy the largest share of the entire printed electronics market. The market in the Asia-Pacific region is expected to grow at the highest compound annual growth rate during the forecast period.
The main factors contributing to this growth are technological development and the main focus on energy harvesting in countries such as China, Japan, and South Korea. China and Japan are industrial centers with numerous electronic equipment, devices, components, automobiles, and other industries that require printed electronic products to reduce overall energy consumption.
In addition, the digital transformation of industry is expected to transform manual processes into digital processes for manufacturing. This is expected to increase the demand for highly advanced and micro electronic equipment and products. Therefore, it is expected to support the growth of the printed electronics market in the future.
Some of the major players in the printed electronics market are Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Molex, LLC (USA), Agfa-Gevaert Group (Belgium), Palo Alto Research Center Incorporated (PARC) ) (United States), DuPont de Nemours, Inc. (United States), Nissha Co., Ltd. (Japan), BASF (Germany), NovaCentrix (United States) and E Ink Holdings Inc. (Taiwan).
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call +353-1- 416- 8900