Printed Electronics Market Gains Wide Momentum: Market Expected to Grow to $24.25 billion by 2015
The benefits offered by printed electronics technology such as low manufacturing cost incurred and ability to use wide variety of substrates are driving the global printed electronics market.
- (1888PressRelease) April 08, 2011 - ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled "Global Printed Electronics Market-Materials, Manufacturing Technologies, Applications and Trends ".
The 'Global Printed Electronics Market-Materials, Manufacturing Technologies, Applications and Trends (2010-2015)' report analyzes the printed electronics market by materials, printing technologies and applications; and studies the major market drivers, restraints, and opportunities for the printed electronics market in North America, Europe, Asia Pacific, and ROW.
The benefits offered by printed electronics technology such as low manufacturing cost incurred and ability to use wide variety of substrates are driving the global printed electronics market. Printed electronics is gaining wide momentum owing to the many benefits it offers over conventional electronics, such as low fabrication cost, long switching times, and simple fabrication. This technology has found use in a plethora of applications ranging from displays and lighting to RFID, sensors and batteries. The global printed electronics market is expected to grow from $2.8 billion in 2008 to $24.25 billion in 2015, at an estimated CAGR of 38.4% from 2010 to 2015.
Amongst all the printing techniques, screen printing commands the largest share owing to its wide deployment in the development of products like sensors, RFID, and displays. Printed displays form the largest application market whereas printed photovoltaic (PV) form the fastest growing application due to the globally increasing demand for alternative sources of energy. The market for printed PV is expected to grow from $0.23 billion in 2008 to $3.93 billion in 2015 at an estimated CAGR of 52.1% from 2010 to 2015.
Photovoltaic is expected to be the most attractive application for the printed electronics market. The increase in energy costs is primarily driving the need for dependence on renewable energy sources such as solar photovoltaic (PV) technologies which are the future and are going to be omnipresent. Printed electronics helps in production of cost effective PV cells which capture energy from sunlight and produce electricity. The huge amount of investment by companies like Konarka Technologies (U.S.) and Heliovolt (U.S.) in this market is also driving the printed photovoltaic market. Printed RFID Tag is another application with good potential. The introduction of item level tagging is expected to drive this market to a great extent. Printed sensors have been used primarily in medical devices and proved to be less attractive than PV and RFID.
Printed batteries are a new application and have been largely deployed in smart cards but are expected to be used in applications such as smart packaging and printed displays in the near future. Printed lighting includes printed OLED lighting which will prove to be attractive in the long run. Displays are one of the oldest applications of printed electronics and also have a good potential. With the increasing awareness of e-paper displays, printed displays are expected to further drive the printed electronics market.
Scope of the report
This research report categorizes the global market for printed electronics on the basis of applications, materials, printing technologies and geography; forecasting revenues and analyzing trends in each of the following submarkets:
On the basis of applications:
Display, lighting, and others (Sensors, RFID, photovoltaic, memories, and batteries)
On the basis of materials:
Inks and substrates
On the basis of printing technologies:
Inkjet printing, screen printing, flexography, gravure, and others
On the basis of geography:
North America, Europe, Asia Pacific, ROW
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: http://www.electronics.ca/publications/products/Global-Printed-Electronics-Market%252dMaterials%2C-Manufacturing-Technologies%2C-Applications-and-Trends.html
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