Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Printed Electronics Market size is expected to reach $31.6 billion by 2028, rising at a market growth of 20.1% CAGR during the forecast period.
The Substrate segment is showcasing a CAGR of 23.3% during (2022 - 2028). Flexible substrates are also commonly used in printed electronics. It reduces production costs and enables the creation of mechanically flexible circuits. Inkjet and screen printing is commonly used to print on hard substrates such as glass and silicon. Flexible paper and foil are used in mass-printing technologies. Because of its low cost and great thermal stability, polyethylene terephthalate (PET) is the most widely utilized substrate material. Hence, this factor is expediting the growth of this segment.
The Screen segment acquired maximum revenue share in the Global Printed Electronics Market by Technology in 2021, thereby, achieving a market value of $17.5 billion by 2028. The increasing growth of this segment is owing to the fact that this technology saves a significant amount of time for the manufacturer. A mesh is used to convey ink onto the substrate in screen printing. This technique of printing technology produces high-quality and long-lasting results. Hence, the growth of this segment is estimated to be propelled rapidly owing to this factor.
The Photovoltaic segment has shown growth rate of 20.8% during (2022 - 2028). The surging growth of this segment is majorly owing to the growing use of printed electronics in photovoltaic devices. In addition, due to the rising adoption of solar energy around the world, the growth of this segment is estimated to flourish in the forecast period.
The Asia Pacific market dominated the Global Printed Electronics Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $11.6 billion by 2028. The Europe market is estimated to witness a CAGR of 19.6% during (2022 - 2028). Additionally, The North America market would experience a CAGR of 19.3% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Samsung Electronics Co., Ltd., BASF SE, DuPont de Nemours, Inc., LG Display Co., Ltd., Xerox Corporation, Koch Industries, Inc., E Ink Holdings, Inc., Enfucell Oy, GSI Technology, Inc., and NovaCentrix.
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