In simple terms, printed electronics is an umbrella term for the printing technique used for creating electronic systems by printing on various substrates. The burgeoning demand for thinner electronics and wearables is fueling the requirement for printed electronics as this technology is needed for creating electronic skin patches, flexible keyboards, and antennas. Due to this reason, this technology is rapidly becoming invaluable to various industries.
The soaring adoption of printed electronics in several internet of things (IoT) applications and the mushrooming production of OLEDs via the inkjet printing technology are also driving the demand for printed electronics across the world. This is, in turn, propelling the growth of the global printed electronics market. The market research company, P&S Intelligence predicts that the value of the market will rise from $35.7 billion in 2019 to $363.1 billion by 2030.
Printed electronics uses both printer and material for creating electronic devices. Between these two, the demand for material is predicted to rise rapidly in the coming years. This is ascribed to the growing usage of inks and substrates for fabricating printed electronic circuits, that are extensively used in several applications such as radio-frequency identification (RFID) tags and photovoltaics (PVs). The surging requirement for these products is further boosting the demand for printed electronics materials.
The soaring adoption of printed electronics in several internet of things (IoT) applications and the mushrooming production of OLEDs via the inkjet printing technology are also driving the demand for printed electronics across the world. This is, in turn, propelling the growth of the global printed electronics market. The market research company, P&S Intelligence predicts that the value of the market will rise from $35.7 billion in 2019 to $363.1 billion by 2030.
Printed electronics uses both printer and material for creating electronic devices. Between these two, the demand for material is predicted to rise rapidly in the coming years. This is ascribed to the growing usage of inks and substrates for fabricating printed electronic circuits, that are extensively used in several applications such as radio-frequency identification (RFID) tags and photovoltaics (PVs). The surging requirement for these products is further boosting the demand for printed electronics materials.
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For example, the effect of LED light on clothing was successfully tested by the researchers working at chemical-biological facilities at the U.S. Army Combat Capabilities Development Command (CCDC) in 2019. Across the globe, the demand for printed electronics is predicted to boom in Asia-Pacific (APAC) in the forthcoming years. This will be due to the surging demand for consumer electronic products in the regional countries such as Japan, India, China, Australia, and South Korea.
Hence, it is safe to say that the demand for printed electronics will surge sharply in the upcoming years, primarily because of the growing demand for flexible electronics and the ballooning adoption of printed electronics in various IoT applications.
For example, the effect of LED light on clothing was successfully tested by the researchers working at chemical-biological facilities at the U.S. Army Combat Capabilities Development Command (CCDC) in 2019. Across the globe, the demand for printed electronics is predicted to boom in Asia-Pacific (APAC) in the forthcoming years. This will be due to the surging demand for consumer electronic products in the regional countries such as Japan, India, China, Australia, and South Korea.
Hence, it is safe to say that the demand for printed electronics will surge sharply in the upcoming years, primarily because of the growing demand for flexible electronics and the ballooning adoption of printed electronics in various IoT applications.
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