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According to IndustryARC Analysis, the Functional Printing Market is forecast to increase from 6.9 billion units in 2014 to 25.4 billion units by 2020 with a CAGR of 25%. The remarkable factors advancing the functional printing market are development in the flexible electronics, wearable devices, functional packaging and integrated smart systems. Key drivers of Global functional Printing Markets are cost reduction, economic friendly and capability of producing in high volumes. Major Industries of Global functional Printing Markets are Lighting and Display Industries, Automotive Industry and Energy.
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IndustryARC Global Functional Printing Market (2015 – 2020) By Materials (Substrates, Ink, Conductors); By Technology (Ink-jet, Screen, Gravure printing); By Components (RFID, Displays, OPV)
TABLE OF CONTENTS 1.Global Functional Printing Market Overview 2.Executive Summary 3.Global Functional Printing Market Landscape 3.1.Market Share Analysis 3.2.Comparative Analysis 3.2.1. Product Benchmarking 3.2.2. End user profiling 3.2.3. Patent Analysis 3.2.4. Top 5 Financials Analysis 4.Global Functional Printing Market Forces 4.1.Market Drivers 4.2.Market Constraints 4.3.Market Challenges 4.4.Attractiveness of the Functional printing Industry 4.4.1. Power of Suppliers 4.4.2. Power of Customers 4.4.3. Threat from New entrants 4.4.4. Threat of Substitution 4.4.5. Degree of Competition 5.Global Functional Printing Market – Strategic Analysis 5.1.Value Chain Analysis 5.2.Pricing Analysis 5.3.Opportunities Analysis 5.3.1. Smart Fabrics
5.3.2. Internet of things 5.4.Product/Market Life Cycle Analysis 5.5.Suppliers and Distributors 6.Global Functional Printing Market – Regulations 7.Global Functional Printing Market – By Materials 7.1. Introduction 7.2.Substrates 7.3.Conductors 7.4.Dielectric/Insulators 7.5.Functional Coatings 8.Global Functional Printing Market – By Printing Technology 8.1.Inkjet printing 8.2.Screen printing 8.3.Gravure printing 8.4.Others 9.Global Functional Printing Market – By Components 9.1.Electronic Components 9.1.1. Memory/Logic 9.1.2. Membrane Switches 9.1.3. Touchscreens 9.2.Sensors 9.2.1. Image Sensors 9.2.2. Photodiodes 9.2.3. Bio-Sensors 9.2.4. Others
9.3.Displays 9.3.1. Organic Light Emitting Diode (OLED) Display 9.3.2. E-Paper 9.3.3. Electroluminescence (EL) Display 9.4.Organic Light Emitting Diode (OLED) Lighting 9.5.Photovoltaic 9.5.1. Cooper Indium Gallium Selenide (CIGS) Solar Cells 9.5.2. Dye Sensitized Solar Cells (DSSC) 9.5.3. Organic Photovoltaic (OPV) 9.5.4. Printed Batteries & Conductive Tracks 9.5.4.1. Printed Batteries 9.5.4.2. Printed Conductive Tracks 10.Global Functional Printing Market – By Integrated Smart Systems 10.1. Smart Tags 10.2. Smart Cards 10.3. Diagnostic Labels 10.4. Functional Packaging 10.5. Signage 10.6. Smart Textiles 10.7. Ceramic Tiles 11.Global Functional Printing Market – By Geography 11.1. Introduction 11.2. Americas 11.2.1.United States (U.S.) 11.2.2.Canada
11.2.3.Others 11.3. Europe 11.3.1.Germany 11.3.2.France 11.3.3.U.K. 11.3.4.Others 11.4. Asia Pacific 11.4.1.Japan 11.4.2.South Korea 11.4.3.China 11.4.4.Others 11.5. Rest of world (ROW) 12.Global Functional Printing Market -Market Entropy 12.1. New Product Launches 12.2.Mergers and Acquisitions, Agreements and Partnerships, Joint Ventures and Collaborations 13.Company Profiles 13.1. ALTANA AG 13.2. AGFA – Gevaert Corporation 13.3. Avery Dennison Corporation 13.4. BASF Ltd. 13.5. Blue Spark Technologies, Inc. 13.6. Cambridge Display Technology 13.7. Ceradrop – MGI Group 13.8. Cynora Ltd. 13.9. DOW Chemicals
13.10.E Ink Corporation 13.11.Eastman Kodak Company Ltd. 13.12.Folex Ltd. 13.13.FUJIFILM Dimatix, Inc. 13.14.GSI technologies 13.15.GWENT Corporation 13.16.Kroenert Group 13.17.Novacentrix 13.18.Norbert Schlafli Machinery Company 13.19.Sigma-Aldrich Corporation 13.20.THINFILM Electronics ASA 13.21.THIEME GmbH & Co. 13.22.Toppan Printing Co., Ltd. 13.23.XAAR PLC 13.24.Xennia Technology Ltd. 13.25.3D-Micromac AG 14.Appendix 14.1. Abbreviations 14.2. Sources 14.3. Research Methodology 14.4. Bibliography 14.5. Compilation of Expert Insights 14.6. Disclaimer
1.MARKET OVERVIEW Functional Printing is defined as deposition of a printable substance on a substrate that creates an active or passive functionality beyond traditional graphics. The resultant product would have unique features to sense or control conductivity, resistivity, thermo-chromic reactions, fluid dynamics and so on. The Market report consists of detailed study on Functional Printing Market which is forecasted between 2014 and 2020 based on several segments including type of materials, deposition techniques, coating, applications and geography. The Functional Printing market is based on types of materials used and they are segmented into four divisions including substrates, conductors, inks, semiconductors and encapsulants. Substrates are again classified into four categories including polymer films, paper, glass and ceramics. Then the market is segmented by deposition techniques such as Inkjet printing, Screen printing, Gravure printing, Aerosol jet printing and Offset lithography. Screen and Inkjet printing techniques are the major ones. Functional Printing Market is further segmented by coating techniques such as conformal coating, conductive coating, dielectric coating and UV coating. Subsequently, the Functional Printing Market thoroughly covered all the related applications which include electronics components: RFID, resistors, transistors, logic memory and sensors; electronic devices: OLED lighting, printed batteries, displays and photovoltaic. The last segment provides a complete analysis of functional printing market based on following geographic distribution: Americas, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). These geographies are further classified into countries holding prominent share in the global functional printing market for the forecast period. Apart from this, major material suppliers, OEMs, ODMs and end user manufacturers such as AGFA, BASF, 3D-Micromac AG, Novacentrix, Thinfilm Electronics, Kodak and many others have been profiled. The company profiles give an overview of their business overview, key product lines, financials along with strategy and important developments happened in the company pertaining to Functional Printing market in the period 2011 to 2014.
2.EXECUTIVE SUMMARY The report showcases the market condition and statistics of Functional Printing market. The main factors that are drawing the attention to enter markets are smart phones and tablets. The display and lighting markets have found the core importance of the Organic Light Emitting Diode (OLED) market and developments. Some of the silicon based fabricated components are found to be more costly and also facing many environmental issues. These factors demanded for low cost and sustainable techniques, thus functional printing market is increasing. Many manufacturers have started functional printing to print electronic parts and components through getting benefit in design, cost and material utilization. Printed electronics market has occupied the growth stage in the product life cycle where the growth is continuous and exploring. The growth is due to its high efficiency at low cost material which is sustainable. Global Functional Printing Market, By Years, 2014-2020 ($ Million) 30,000.0 Global Functional Printing Market, (in $ 25,000.0 20,000.0 Million) 15,000.0 10,000.0 5,000.0 - 2014 2015 2016 2017 2018 2019 2020 Source: IndustryARC Analysis and Expert Insights The global functional printing market in 2014 was standing at $6.9 billion. This market is analysed to up surge from $8.2 billion in 2015 to $25.4 billion by 2020 with a CAGR of 25.3%. The market for the year 2014 was significantly dominated by printed electronic components and sensors with 36% and 21% share, respectively. By 2020, display screens including OLED, E- Paper and Electroluminescence will emerge to be the notable share holder in the global functional printing market with 35% share.
Global Functional Printing Market, By Geography, 2014-2020 ($ Million) 30,000.0 Global Functional Printing Market, (in $ 25,000.0 20,000.0 Million) 15,000.0 10,000.0 5,000.0 - 2014 2015 2016 2017 2018 2019 2020 Americas Europe APAC RoW Source: IndustryARC Analysis and Expert Insights Europe was the leading geographic region in global functional printing market with total market worth $2.8 billion in 2014. The European market will remain strong by 2020 with the presence of key organizations and associations that have been developing new technologies for functional printing market. This is followed by Asia-Pacific and Americas that have also been witnessing a tremendous inclination for functional printing in the recent years primarily due to their low cost production. Functional printing replaced many electronic components and became the next best alternative to manufacture the electronic components. The processing time taken is less which is less than a minute and the deposits for processing can be above 50μm. Key drivers of Global functional Printing Markets are cost reduction, economic friendly and industry feasible (high volume). Major Industries of Global functional Printing Markets are Lighting Industry, Automotive Industry and Energy. Key challenges of printed electronics are materials should contain improved process ability and the process requires high-throughput inline electrical characterization. Some of the key players in the functional printing market include organizations from the perspective of both material supplier and end-use components and systems fabricators such as Thinfilm Electronics, DuPont, Eastman Kodak, AGFA, GSI Technologies, BASF and many others.
4.1MARKET DRIVERS 1.1. Innovation in Wearable Electronics and Smart Packaging boosts functional printing market Smart Packaging: The developments of printed electronics have been mainly focusing on expensive high-end products which include displays, smart phones, lighting and wearable devices. But this technique is also implemented in the packaging to make them more stimulating and functional. In order to include the electronics on packaging, printed electronics related products are expensive for its wider range of applications in packaging which is the reason behind that the integrated production is missing. Therefore, establishing new assembly line needs large investment. Many institutes have taken this as a challenging factor and took initiative to grow cost-effectively for smart packaging and conducted several projects and evaluations. Now, the electronics can be easily be integrated to any packaging, with the existing production technique. As the combinations of the materials are environment friendly materials, the disposal is not a big issue. Smart packaging can be emerged in the functional printing market as they are also into other product category such as bottle labels with integrated battery, LED, circuit and a humidity sensor which can send the signals of the temperature printed circuit to LED. Wearable Devices: The main market drivers for functional printing in the wearable electronics are particularly in wrist wear and eyewear segments. Also, the customer preference on the smart devices is increasing which have innovative functions and technologies to drive growth in the global market. There is a growing interest among the customers on the advanced technologies of communication, networking and recognition. As wearable devices are often limited in space and size, printed electronic components at low cost are paving new ventures for their integration into wearable devices. The rise and increase in developments in the next generation of wearablesis expected to drive the functional printing industry in the coming years.
11.3EUROPE The areas in which the European market is strong are automotive, industrial automation, energy, and security. Other than the generalized markets there is an emerging high growth area, particular Internet of Things and the development of Smart-labels, OLED lighting and displays markets where most of the company manufacturing the OLED products are more. The new technology adaption and implementation is also found more in the European market. The market is regaining strong presence in printed electronics market where the mobile and wireless applications are increasing. The target for European market is to capture 20% growth in these markets. Many Trade shows and conferences are being conducted and made successful to take part strongly in the functional printing market. Europe Functional Printing Market, By Countries, 2014-2020 ($ Million) 10,000.0 Europe Functional Printing Market, (in $ 9,000.0 8,000.0 7,000.0 6,000.0 5,000.0 Million) 4,000.0 3,000.0 2,000.0 1,000.0 - 2014 2015 2016 2017 2018 2019 2020 Germany U.K. France Others Source: IndustryARC Analysis and Expert Insights Germany remains the leading market for Europe Functional Printing Market in 2014 with 45% share followed by U.K. and France with 33% and 17% share, respectively. Germany and U.K. will remain significant market in Europe, both growing at a CAGR of more than 22% between 2015 and 2020. The European Commission has strongly favoured the growth of Organic and Large Area (OLAE) electronics that will be a notable factor boosting the functional printing market in the region in future. The funding process all over the Europe for OLAE research is integrated from
the research programs organized in different countries and organisations. The Polynet team mainly focused on developing technology SMEs to strengthen their position in the OLAE industry, workshops and providing support in terms of technology and training and guiding. The Organic and PrintedElectronics Association (OE-A), was established for the SMEs to allow easy access and get up-to-date information on the research process of OLAE.
13. COMPANY PROFILE Thin Film Electronics ASA Headquarters: Henrik Ibsens gate 100 Oslo, 0255 Norway Tel: +49 281 6708 Fax: + 47 23 27 27 01 Website: www.thinfilm.no Business Overview Thinfilm, headquartered in Oslo, Norway was started in mid 1990s as a subsidiary of Opticom. The initial business of the company included development of all-plastic memory devices. Gradually, was incorporated in 2008 on Oslo Stock Exchange. Thinfilm Electronics ASA is engaged in research, development, production, and commercialization of technology and products of physical storage of information. Thinfilm manufactures printed systems, which include display, wireless communication devices, memory and sensing. Its products include Thinfilm Memory - a ferroelectric polymer that provides non-volatile and fully rewritable data on a label, Thinfilm Brand Protection Solution - it helps manufacturers to protect their brands from copying and grey market activity, Reading Thinfilm Memory - a reading device, and memory cards and kiosks. The company also develops Thinfilm time-temperature sensors, blood oxygen sensors and intelligent packaging platform. Number of employees working in Thinfilm Electronics are 83 as of 2014.
Products & Services Thinfilm product family consists of Memory labels, Brand protection solution, sensor labels, display labels, and NFC Smart Labels. Segmentation Product type Application Memory Labels For smart consumables Smart consumables are used in consumer products, industrial assembly lines, photocopiers and so on. It is used in diversion monitoring, grey market tracing, pharmaceutical authentication and so on. Memory labels are used in disposable toy and game components, loyalty cards or visitor cards for exhibitions. They use ultra-low-cost display media to communicate information stored in the memory. They can be used on sensors. Used in biologics, vaccines, medical products including blood, meat, vegetables and so on. Used in wines, spirits, cosmetics, automotive parts, fashion and fragrance. For brand protection For toys & games Display Labels --- Sensor Smart Labels For temperature detection Open sense technology NFC Smart Labels Financials The annual revenue for the years 2011, 2012 and 2013 has been represented below for Thinfilm. Thin Film Electronics Annual Revenue, By Years, 2011-2013 ($ Million) 1.9 2 Thin Film Electronics Annual Revenue 1.8 1.6 1.4 ($ Million) 1.2 1 0.7 0.8 0.6 0.3 0.4 0.2 0 2011 2012 2013 Source: Company Website, Annual Report
The company generated revenue of $1.9 million in 2013, a record growth of 171% over 2012. This has been primarily due to the inconsistent growth in the field of printed electronics market in which Thinfilm remains to be a leading contender across the globe. Developments Date February 2015 Approach Collaboration Partnership Description ThinFilm Electronics ASA collaborated with Diageo plc to innovate the smart bottle. This bottle would have a tag which enables the customer to read with their smart phones. It detects both sealed and opened date of each bottle. January 2015 Thin Film Electronics ASA announced a strategic partnership with Xerox for Mass Production of Thinfilm Memory(TM) Labels. Thinfilm Electronics ASA announced a collaboration agreement with EVERYTHING, to apply digital interactivity to physical objects. July 2014 Collaboration Source: Company Website, Press Releases
14.3RESEARCH METHODOLOGY The quantitative and qualitative data collected for the Functional Printing market report is from a combination of secondary and primary sources. Research interviews were conducted with senior executives and/or managers of leading functional printing providers. These Key Opinion Leaders (KOLs) were then provided with a questionnaire to gather quantitative and qualitative inputs on their operations, performance, strategies and views on the overall market, including key developments and technology trends. Data from interviews is consolidated, checked for consistency and accuracy, and the final market numbers are again validated by experts. The global market was split by materials, printing technology, printed components and systemsand geography based on different factors like primary and secondary sources, understanding of the number of companies operating in each segment and also KOL insights. We have used various secondary sources such as directories, articles, white papers, newsletters, annual reports and paid databases such as OneSource, Hoovers and Factiva to identify and collect information for extensive technical and commercial study of the Functional Printing market. The key players in the market and its value chain were identified through secondary research and their market opinions were also gathered in a similar way through telephonic interviews and questionnaires. We have also studied the annual reports of these top market players. Interviews with key opinion leaders such as directors, managers, and marketing personnel were used extensively in understanding the need and emergence of the Functional Printing market.
THE ARC ADVANTAGE An analytical model lies at the core of our process, ensuring logical consistency throughout our research. We complement the model with secondary data and interviews with industry experts to reflect the latest trends. With our final expert validation, we provide you with only the most accurate and actionable intelligence. THE ARC PROCESS Base Method Analytical Method Consolidation Method Delphi Verification 1. Granular breakdown of drivers into factors 2. Validate all factors in terms of their present impact on the market 3. Assign weights to these factors in terms of their relevance and impact on the market 4. Build the Analytical Model 1. Get a top- down estimate of the market 2. Follow it up with a bottom-up estimate of the market 3. Check forconsistency and new growth factors that are relevant over the next 10 Years 4. Build the Base model 1. Granular breakdown of drivers into factors 2. Validate all factors in terms of their present impact on the market. 3. Assign weights to these factors in terms of their relevance and impact on the market. 4. Build the Consolidated Model 1. Verify the findings of the model with experts from across the value chain 2. Verify the findings with players across small and large enterprises 3. Tweak the model and add new factors 4. Finalize the ARC Model ANALYTICAL MODEL BASE MODEL CONSOLIDATED MODEL ARC MODEL
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