How is Shift towards Digital Printing Driving Demand for Printed Electronics?

1. How is Shift towards Digital Printing Driving Demand for Printed Electronics? These days, the trend has been shifting towards digital printing from conventional printing, which can particularly be ascribed to the surging concerns regarding the environment all across the globe. A large number of volatile organic compound-based compounds (VOC), including paint strippers aerosol sprays, and heavy metals, such as chromium, mercury, cadmium, and lead, are utilized during conventional printing processes. VOCs pollute water and soil after reach landfills, owing to which the world is shifting towards digital printing. This process makes use of less-harmful chemicals and mild solvents. Request @​https://www.psmarketresearch.com/market-analysis/printed-electronics-market/re port-sample Sample Copy of Report Attributed to such factors, the global ​printed electronics market is expected to generate a revenue of $363.1 billion by 2030, increasing from $35.7 billion in 2019, advancing at a 22.4% CAGR during the forecast period (2020–2030). The term printed electronics is being utilized for referring to printing methods that are used for creating electronic devices by printing on a number of substrates. The domain has been registering technological advancements and today items such as flexible electronics can also be produced using this technology. Material and printer are the two major components that are used in the industry. Between these two, the demand for materials is projected to rise significantly in the coming years, which can be ascribed to the growing utilization of inks and substrates for fabricating printed electronic circuits that are later used in a number of applications. Some of the key applications of printed electronics are batteries, display,

2. photovoltaics, radio-frequency identification tags, sensors, and lighting, among which, the requirement for printed displays has been the highest up till now. These displays are primarily used in consumer electronics including wearables and mobile devices. The demand for consumer electronics that are light in weight and have flexible displays has been increasing considerably, thereby driving the demand for printed display. Make https://www.psmarketresearch.com/send-enquiry?enquiry-url=printed-electronics- market Enquiry Before Purchase @ The growth of the consumer electronic industry due to increasing adoption of internet of things (IoT) and connected devices is further projected to result in the rising requirement for printed displays. The major end-user of printed electronics are construction & architecture, automotive & transportation, consumer electronics, aerospace & defense, retail & packaging, and healthcare. Out of all these, the automotive industry made the most use of printed electronics in the past, owing to the increasing use of IoT in the industry. Other than this, the demand for printed electronics is also expected to rise in the aerospace & defense industry in the near future, which can be ascribed to the increasing employment of additive manufacturing in the industry. Geographically, Asia-Pacific has been dominated the printed electronics market up till now and is further expected to create considerable demand for these products in the coming years as well. This is because of the increasing penetration of IoT technology, low manufacturing cost, and evolution of digital printing technology.