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Global Printed Electronics Market to Grow at a CAGR of 19.5% During 2022-2027, Aided by the Thriving Military and Defence Sector

According to a new report by EMR titled, ‘Global Printed Electronics Market Report and Forecast 2022-2027’, the market attained a value of nearly USD 7.40 billion in 2020. The global printed electronics industry is further expected to grow at a CAGR of 19.5% between 2022 and 2027.

The printed electronics market is driven by the thriving military and defence sector in the emerging economies of the world. Recent advancements in the material printing technologies have allowed significant revolutionary changes in design, materials, and fabrication of components and sub-systems of numerous military applications. The market is anticipated to be bolstered by the fact that by integrating printed electronics, energetics and power sources into 3D structure, new solutions and applications can emerge to enhance the warfighter’s capabilities. The rising investments in the printed electronics by the major military equipment manufacturers is likely to augment the global printed electronics industry in the forecast period.

In June 2021, BASF SE (ETR: BAS) launched QDYESTM, which will enable the production of new generation wide colour gamut displays, which is likely to bolster the display solutions portfolio of BASF SE. QDYESTM is an organic fluorescent material for display applications. This product will support the manufacturers to serve the needs in the TV/monitor, tablet, and mobile devices markets. In June 2020, LG Electronics Inc. (KRX: 066570) launched a new vivid, transparent OLED display for digital signage solutions. This development by LG is likely to propel the market growth of the outdoor signage solutions in the advertising industry.

In terms of region, the Asia Pacific is likely to account for a significant share in the market owing to the thriving advertising industry, which has been generating a considerable demand for display devices. The market in the region will further be aided by the growing investments in the food packaging industry, owing to the rising demand from the food and beverage industry. The growing trend of internet of things (IoT) in countries like China, South Korea, Japan and India is anticipated to augment the growth of the printed electronics industry.

Market Breakup by Materials, Technologies, Devices, and Region:

  • The market is segmented on the basis of material into ink and substrate.
  • The technologies in the market include inkjet, screen, gravure, and flexographic.
  • On the basis of devices, the market has been segmented into displays, photovoltaic, lighting, and RFID, among others.
  • Region-wise, the global market for printed electronics can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for printed electronics is being driven by the rising advancements in the material printing technologies aimed towards revolutionising the sub-systems in the military and defence sector.
  • The thriving food packaging sector, owing to the bolstered food and beverage industry, is likely to propel the market growth.
  • The emergence of internet of things (IoT) in the emerging economies of the world is likely to augment the market.
  • The market will further be aided by the advancements in the advertising industry, which is likely to generate significant demand for display devices.

Key Offerings of the Report:

  • The EMR report gives an overview of the global printed electronics market for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the    materials, technologies, devices, and regions of printed electronics.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global printed electronics industry include Molex, LLC, BASF SE, NovaCentrix, Nissha Co., Ltd., and E Ink Holdings, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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