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The printed electronics market was valued at approximately USD 19.8 billion in 2019 and is expected to reach around USD 39 billion by 2026, expanding at a CAGR of around 12% during the forecast period, between 2020 and 2026. The growth of the market is attributed to the ability of incorporation of the technology in various applications such as consumer electronics and Internet of Things (IOT). Additionally, surging demand for printed RFID devices and advanced OLED displays is also propelling the growth of the market. However, heavy regulations of medical field are the primary factors hindering the growth of the market.
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Global Printed Electronics Market by Materials, Technologies, Devices, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026 Report By
Theprinted electronics market was valued at approximately USD 19.8 billion in 2019 and is expected to reach around USD 39 billion by 2026, expanding at a CAGR of around 12% during the forecast period, between 2020 and 2026. The growth of the market is attributed to the ability of incorporation of the technology in various applications such as consumer electronics and Internet of Things (IOT). Additionally, surging demand for printed RFID devices and advanced OLED displays is also propelling the growth of the market. However, heavy regulations of medical field are the primary factors hindering the growth of the market. Request for sample@https://dataintelo.com/request-sample/?reportId=84050 Printed electronics is widely used in different applications such as interactive books and posters, flexible screens, intelligent labels and packaging, and upholstery. Different printing technologies are used to draw various patterns for printing. The printing process of printed electronics is easy on flexible materials such as plastic, cloth, paper, and others. Additionally, the process is also easy on electrical components such as spools, condensers, resistors, and transistors. It is used for various applications such as displayers, smart labels, and active clothing.
Market Trends, Drivers, Restraints, and Opportunities: • Increasing efficiency and low power consumption are the primary factors driving the growth of the market. • Reducing costs for production of printed electronics due to minimal material consumption is one of the factors propelling the growth of the market. • Rising adoption of printed electronics across the globe in applications areas of consumer electronics and IOT is boosting the growth of the market. • Surging investments for Research & Development by various organizations, associations, and manufacturers for the purpose of continuous improvisations and upgrades to explore more areas of applications and enhance the abilities is also fueling the growth of the market. • Boosting demand for flexible and robust substrates for the production of printed electronics owing to increased usage of the technology in various applications is one of the major factors driving the growth of the market. • Increasing need for highly skilled system integrator is one of the primary factors restraining the growth of the global printed electronics market.
Enquiry Before Buying@https://dataintelo.com/enquiry-before-buying/?reportId=84050 Competitive Landscape: Major companies in the global printed electronics market include BASF SE, DuPont, Molex, Inc., Palo Alto Research Center (PARC), a Xerox company, E-Ink Holdings, Inc., Samsung Electronics, Optomec, and Thin Film Electronics ASA. The companies are using strategic acquisitions such as expansions, capital investments, R&D activities, technological advancements, innovative product launches, enhancements in printing capability, product portfolio, collaborations, mergers & acquisitions, and strategic partnerships. Ask for discount@https://dataintelo.com/ask-for-discount/?reportId=84050
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