Printed Electronics Market Expected to Reach $55.7 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Printed Electronics Market By Technology, Material, and Application" The printed electronics market size was valued at $9.4 billion in 2022, and is estimated to reach $55.7 billion by 2032, growing at a CAGR of 20.1% from 2023 to 2032.

The printed electronics market growth projections is expected to witness substantial growth during the forecast period. This is attributed due to the creation of electrical circuits using additive technologies Traditional electronics production relies on time-consuming and wasteful subtractive techniques such as etching and milling. Printed electronics, on the other hand, take a more environmentally friendly method, depositing electronic inks onto substrates precisely and controllably. This additive manufacturing technology not only reduces material waste, but it also opens new opportunities for building electronics on unusual surfaces. The printed electronics market demand out due to its low cost and scalability. Laser and screen-printing technologies, for instance, may be rapidly adapted for high-volume production, lowering manufacturing costs when compared to older methods.

The increase in demand for flexible electronics and printed circuit boards PCB is a primary driver of printed electronics adoption. Traditional manufacturing procedures are frequently stiff and pricey, whereas printed electronics provide a less expensive and more flexible alternative. Furthermore, rise in interest in Internet of Things (IoT) devices has increased the demand for low-cost, high-volume manufacturing processes, making printed electronics an appealing alternative. In addition, the surge in the demand for the environmental sustainability of printed electronics compared to typical production fuels the market growth as this printing method produces less waste, and the use of organic and biodegradable ingredients corresponds with the worldwide movement toward green technology. As consumers and organizations prioritize sustainability, printed electronics provide a tempting alternative. Furthermore, another significant benefit of printed electronics is its versatility. Printed electronics may be applied on flexible substrates, allowing the development of bendable and stretchy electrical devices. This adaptability offers new avenues for applications in wearable technology, medical devices, and other fields. These factors are anticipated to boost printed electronics market share. 

However, despite its tremendous promise, printed electronics confront several limitations that prevent broad implementation. The reduced performance relative to standard silicon-based electronics acts as a barrier to market growth. In addition, the materials employed in printed electronics may not have the same level of conductivity or durability as conventional materials, restricting their usage in high-performance devices. The restricted complexity of circuits that may be created is one of the fundamental limitations of printed electronics. Printing technology may struggle to make elaborate patterns with the precision necessary for modern electrical components now. This constraint limits the usage of printed electronics in several high-tech applications. One noteworthy restriction is that printing procedures are slower and have a lower throughput when compared to traditional production methods. This can be a severe disadvantage for applications that need high-speed, high-volume manufacturing. The materials employed in printed electronics may have limited durability and stability, reducing gadget longevity. Furthermore, reaching the same level of miniaturization as traditional electronics is difficult, limiting use in industries where compact form factors are critical.

On the contrary, the printed electronics technology environment is rapidly changing. Advances in conductive inks, such as graphene and silver nanoparticles, lead to improved printed circuit conductivity and durability. Inkjet, screen printing, and gravure printing technologies are constantly advancing in terms of resolution and speed. Three-dimensional electrical structures are being created using 3D printing techniques. Furthermore, the development of hybrid technologies that combine printed and conventional electronics seeks to capitalize on the advantages of both techniques. These technical advances point to a bright future for printed electronics as researchers and engineers work to overcome present limits and push the boundaries of what is possible. In the future years, research activities are expected to focus on improving the performance and reliability of printed electronic components. This involves creating more efficient conductive inks, increasing the longevity of printed devices, and investigating novel applications in domains such as robotics and artificial intelligence.

The printed electronics market segmentation into material, technology, device and region. On the basis of material, the market is bifurcated into ink and substrate. By technology, the market is classified into inkjet printing, screen printing, gravure printing, and flexography. Depending on device, the market is classified into display, photovoltaic, lighting, RFID and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and Latin America.

The key players profiled in the printed electronics market analysis include Samsung Electronics Co. Ltd, LG Display Co. Ltd, Molex LLC, Agfa-Gevaert Group, Palo Alto Research Center Incorporated (PARC), DuPont de Nemours, Inc, Nissha Co. Ltd, BASF, Nova Centrix, and E Ink Holdings Inc.

The report offers a comprehensive analysis of the global printed electronics market trends by thoroughly studying different aspects of the market such as market segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working toward the growth of the market. The report also highlights the current scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Impact of COVID-19 on the Global Printed Electronics Industry

• The demand for printed electronic components used in goods such as smart home systems, wearable electronics, and e-learning tools has expanded dramatically as more people work and study from home.
• This surge in demand has created opportunities for innovation in printed electronics, causing companies to develop more efficient and cost-effective printing techniques to meet the market's evolving expectations. The developments have found applications in a range of areas, such as healthcare, retail, and public settings, where minimizing physical touch is a priority.
• As a result, the pandemic acted as a catalyst for touchless technology innovation and widespread acceptance, pushing development in the printed electronics market. Remote working has become the new standard during the pandemic, increasing the demand for technology equipment.

Key Findings of the Study

• Based on material, the ink sub-segment emerged as the global leader in 2022 and the ink is anticipated to be the fastest growing during the forecast period.
• Based on technology, the screen printing sub-segment emerged as the global leader in 2022 and the same segment is predicted to show the fastest growth in the upcoming years.
• Based on the device, the display sub-segment emerged as the global leader in 2022 and the same segment is predicted to show the fastest growth in the upcoming years.
• Based on region, Asia-Pacific registered the highest market share in 2022 and is projected to maintain its position during the forecast period.