The Latest Printed Electronics Industry Statistics Explained
The market size of the global printed electronics industry was approximately USD 8.57 billion in 2020.
The statistic indicates that the total value of the global printed electronics industry was estimated to be around USD 8.57 billion in the year 2020. This figure represents the total revenue generated by companies involved in producing printed electronics such as printed circuit boards, sensors, displays, and batteries. The market size reflects the scale of economic activity within the printed electronics sector worldwide and serves as a key indicator of the industry’s importance and growth. This statistic provides valuable insights for businesses, investors, and policymakers interested in understanding the current state and potential opportunities within the printed electronics market.
The printed electronics market is anticipated to grow at a CAGR of 17.2% from 2021 to 2028.
This statistic states that the printed electronics market is projected to grow at a Compound Annual Growth Rate (CAGR) of 17.2% from 2021 to 2028. This means that the market is expected to increase by 17.2% each year on average during this period. A CAGR is used to smooth out the fluctuations in growth rates over time, providing a standardized measure of growth. A high CAGR of 17.2% indicates a rapid and significant expansion of the printed electronics industry, suggesting strong demand, technological advancements, and market opportunities driving growth in this sector over the next seven years.
The Asia Pacific printed electronics market witnessed the highest growth in the year 2019.
The statistic ‘The Asia Pacific printed electronics market witnessed the highest growth in the year 2019’ indicates that the industry for printed electronics, which involves the printing of electronic components on various substrates, experienced significant expansion in the Asia Pacific region during the year 2019. This growth suggests a higher rate of adoption or investment in printed electronics technology among businesses and consumers in countries such as China, Japan, South Korea, and others in the region. Factors contributing to this growth could include advancements in printing technology, increased demand for flexible and wearable electronics, and supportive government policies or investments in the sector. This statistic highlights the region’s emerging prominence in the field of printed electronics and the potential for continued development and innovation in the coming years.
According to Meticulous Research, by 2027, the printed electronics market is expected to reach $20.21 billion.
The statistic suggests that the printed electronics market is projected to grow significantly over the next few years, with the expectation that its market value will reach $20.21 billion by the year 2027. This indicates a growing demand for printed electronic products and technologies, such as flexible displays, sensors, and RFID tags, among others. The forecasted market value reflects the potential opportunities and growth prospects within the industry, driven by factors like technological advancements, increasing adoption of printed electronics in various applications, and the trend towards more lightweight, cost-effective, and customizable electronic solutions. Overall, the statistic highlights a positive outlook for the printed electronics market in the coming years.
In the year 2019, Inkjet printing technology accounted for the largest share of the printed electronics market.
The statistic suggests that in 2019, inkjet printing technology was the most widely used printing technology within the printed electronics market, surpassing other printing technologies such as screen printing or flexography. This indicates that inkjet printing was the preferred choice for manufacturers in producing printed electronic components such as sensors, OLED displays, and RFID tags, among others. The dominance of inkjet printing technology in the market may be attributed to factors such as its ability to print on various substrates, its cost-effectiveness for small-scale productions, and its compatibility with high-resolution printing requirements. Overall, this statistic signifies the significant influence and adoption of inkjet printing technology within the growing field of printed electronics during the year 2019.
The printed electronics industry has more than 3,000 organizations.
The statistic that the printed electronics industry has more than 3,000 organizations indicates the significant presence and activity within this sector. This suggests a wide range of players, including companies, research institutions, startups, and other entities, actively involved in developing, manufacturing, and/or utilizing printed electronics technology. The large number of organizations implies a diverse and competitive landscape, likely leading to innovation, collaboration, and rapid advancements in the field. Additionally, such a high number of entities participating in the industry could indicate potential growth opportunities, market saturation, or various niches within the printed electronics market.
Europe’s printed electronics market will expand at 15.1% CAGR during 2021-2028.
This statistic indicates that the printed electronics market in Europe is expected to grow at a Compound Annual Growth Rate (CAGR) of 15.1% between 2021 and 2028. A CAGR of 15.1% implies a steady growth rate over the specified period. This growth rate suggests that the demand for printed electronics, such as flexible displays, sensors, and RFID tags, is anticipated to increase significantly in Europe. Factors contributing to this growth may include advancements in technology, increasing adoption of wearable devices, smart packaging, and Internet of Things (IoT) applications. The projected expansion of the printed electronics market reflects a positive outlook for the industry in Europe over the coming years.
Conductive inks dominated the raw materials segment of the printed electronics industry capturing more than 35.7% market share in 2020.
The statistic indicates that within the printed electronics industry, conductive inks were the most prevalent raw material in 2020, accounting for over 35.7% of the market share. This suggests that conductive inks were widely used and preferred by manufacturers in the production of printed electronic devices. The dominance of conductive inks in the industry highlights their importance in enabling the functionality of various electronic components and circuits in applications such as flexible displays, RFID tags, and sensors. The strong market presence of conductive inks signifies their effectiveness, cost-efficiency, and compatibility with the printing processes commonly used in the manufacturing of printed electronics.
The largest applications of printed electronics are in the display and lighting sector which represented 42% of the market in 2020.
This statistic indicates that within the printed electronics industry in 2020, a significant portion of the market, accounting for 42%, was dominated by applications in the display and lighting sector. This suggests that printed electronics technologies were primarily being utilized in the manufacturing of display panels and lighting components, reflecting the growing importance of these applications in the industry. The prominence of display and lighting applications highlights the versatility and innovation of printed electronics, catering to the evolving demands of sectors such as consumer electronics, automotive, and various other industries requiring advanced display and lighting solutions.
The market for OLED displays, a major component of printed electronics, was worth over $25 billion in 2018.
The statistic indicates the robust nature of the market for OLED displays within the printed electronics industry in 2018. With a value exceeding $25 billion, OLED displays have emerged as a significant player in the electronics sector, highlighting the growing demand for high-quality, energy-efficient display technologies. This substantial market value reflects the widespread adoption of OLED displays in various electronic devices, such as smartphones, TVs, and wearable devices. The statistic suggests that OLED displays have become a key component driving innovation and growth in the electronics industry due to their superior performance and visual quality.
Printed sensors hold approximately 7% of the printed electronics market.
The statistic that printed sensors hold approximately 7% of the printed electronics market indicates the relative market share or presence of printed sensors within the broader industry of printed electronics. Printed sensors, which are electronic devices designed to detect and respond to specific physical input, such as pressure, temperature, or light, account for about 7% of the overall market for electronic components manufactured using printing techniques. This statistic suggests that while printed sensors represent a significant segment of the printed electronics sector, there is also substantial room for growth and potential competition from other types of printed electronic devices. Additionally, it highlights the increasing importance and adoption of printed sensors in various applications, such as in wearable technology, healthcare monitoring, and industrial automation.
By 2030, printed and flexible electronics in automotive applications could reach $5.5 billion.
Based on the given statistic, it is projected that by the year 2030, the market for printed and flexible electronics in automotive applications is expected to grow substantially to reach a value of $5.5 billion. This indicates a significant potential for the adoption and integration of innovative technologies within the automotive industry. Printed and flexible electronics are likely to revolutionize the way automotive components and systems are designed and manufactured, offering benefits such as cost-effectiveness, lightweight construction, and enhanced functionality. The anticipated growth in this market highlights a trend towards incorporating advanced electronics in automotive products to improve performance, efficiency, and overall user experience.
The printed electronics healthcare market is estimated to reach $785 billion by 2025.
The statistic ‘The printed electronics healthcare market is estimated to reach $785 billion by 2025’ suggests that the use of printed electronics in the healthcare sector is projected to experience significant growth over the next few years, potentially becoming a multi-billion dollar industry by 2025. This forecast indicates a growing trend towards integrating technology into healthcare applications, which could lead to advancements in medical devices, wearable technology, diagnostic tools, and other innovative solutions that utilize printed electronics. The scale of this market estimation underscores the potential impact and value that printed electronics can bring to the healthcare industry in the near future.
Printed and flexible solar panels market was valued at $30 million in 2020.
The statistic indicates that the total market value of printed and flexible solar panels in 2020 was $30 million. This value represents the combined worth of all printed and flexible solar panels sold or produced during the given year. The market value provides an insight into the size and economic significance of the printed and flexible solar panel industry, serving as a crucial indicator for stakeholders such as manufacturers, investors, and policymakers. This information can be used to analyze trends, assess market growth potential, and make informed decisions regarding investments, research, and development within the solar energy sector.
77% of companies in the printed electronics market are focusing on R&D activities.
The statistic that 77% of companies in the printed electronics market are focusing on research and development (R&D) activities indicates a strong emphasis within the industry on innovation and advancement. This high percentage suggests that a majority of companies prioritize investing resources into developing new technologies, products, and processes, likely aiming to stay competitive, drive growth, and meet evolving market demands. By allocating a significant portion of their efforts to R&D, these companies are likely seeking to enhance their capabilities, explore new opportunities, and stay at the forefront of technological advancements within the printed electronics sector.
Gravure printing technology segment in printed electronics is expected to grow at a CAGR of 19.1% during 2021-2026.
The statistic indicates that the gravure printing technology segment within the printed electronics industry is projected to experience a Compound Annual Growth Rate (CAGR) of 19.1% over the period spanning from 2021 to 2026. This implies that the gravure printing technology sector is expected to expand consistently at an annual growth rate of 19.1% during this timeframe. Such growth suggests increasing demand and adoption of gravure printing within the printed electronics market, likely driven by factors such as cost-efficiency, high-quality printing capabilities, and technological advancements. This trend indicates a promising outlook for the gravure printing technology segment within the printed electronics industry, highlighting potential opportunities for companies operating in this space to leverage and capitalize on this growth trajectory.
RFID tags and systems, among the major applications of printed electronics, are expected to reach $26.3 billion by 2027.
The statistic indicates that the market value of RFID tags and systems within the field of printed electronics is projected to grow significantly, reaching a total value of $26.3 billion by the year 2027. This growth reflects a rising demand for RFID technology in various industries, such as retail, logistics, healthcare, and manufacturing, due to its ability to improve operational efficiency, inventory management, and supply chain visibility. The increasing adoption of RFID tags and systems is driven by advancements in printing technologies, cost-effective production methods, and the development of innovative applications that leverage RFID technology. The anticipated growth in the market value of RFID tags and systems highlights the expanding role of printed electronics in enabling smart, connected systems across different sectors.
Photovoltaics accounted for 31.6% share in the global printed electronics market in 2020.
This statistic indicates that photovoltaics, which involve the conversion of light into electricity through the use of semiconducting materials, held a substantial market share of 31.6% within the global printed electronics industry in the year 2020. The significant presence of photovoltaics in the market suggests a growing demand for solar energy technologies and their applications in various electronic devices. This statistic implies that photovoltaics play a crucial role in driving innovations and advancements within the printed electronics sector, highlighting their relevance and importance within the industry landscape.
Conclusion
In conclusion, the statistics presented for the printed electronics industry highlight its rapid growth, widespread adoption across various sectors, and promising future prospects. These figures not only showcase the industry’s current impact but also point towards the exciting possibilities that lie ahead. With increasing investments, technological advancements, and a growing demand for innovative solutions, the printed electronics industry is poised to continue its upward trajectory in the coming years.
References
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