Press Release
Press Release
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.
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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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