Printed Electronics Market by Printing Technology, Application, Material, End-Use Industry | COVID-19 Impact Analysis

1. Printed Electronics Market by Printing Technology, Application, Material, End-Use Industry | COVID-19 Impact Analysis The printed electronics market is projected to grow from USD 7.8 billion in 2020 to USD 20.7 billion by 2025; it is projected to grow at a CAGR of 21.5% from 2020 to 2025. Major factors driving the growth of the market include the increased use of printed electronics for the development of smart and connected devices, rise in the global demand for energy-efficient, thin, and flexible consumer electronics, high demand for new generation flexible printed electronics, and significant cost advantages offered by printed electronics. The OLED displays segment is projected to account for the largest size of the market during the forecast period. The growth of the OLED displays segment of the market can be attributed to the increasing demand for thin and highly efficient displays required in different applications. The increase in the consumer base of OLED displays suggests a huge growth potential for the OLED displays segment. The use of printed electronics in developing OLED displays makes them thinner, rollable, and more efficient as compared to OLED displays developed using traditional methods. Major players that manufacture OLED displays include Universal Display Corporation (US) and Panasonic Corporation (Japan). Companies such as DuPont MCM (US) and Sony Corporation (Japan) are working toward the development of new materials and methods for developing printed OLED displays. The inks segment of the printed electronics market is projected to grow at the highest CAGR from 2020 to 2025. Inks are one of the key materials used in the fabrication of printed electronics. The increased demand for advanced printing technologies, improved quality conductive inks, and compact devices is fueling the growth of the inks segment of the market. For instance, graphene ink is being developed for the development of low-cost, flexible, water-repellent, and highly conductive electronic circuits. Inkjet printing is cost-effective and, as such, has become the mainstream printing technology for developing solar cells. The silver ink used in inkjet printing is more conductive than the pastes applied to solar cells and helps in generating electricity more efficiently than the existing pastes. The screen printing segment of the printed electronics market is projected to account for the largest size of the market during the forecast period. The growth of the screen printing segment of the market can be attributed to the increased use of screen printing technology for manufacturing displays and sensors. Screen printing is most commonly used for manufacturing displays of commercialized devices such as smartphones and laptops; it is also used to develop sensors; and photovoltaic (PVs) cells by enabling precise printing of thin and thick lines on substrates. In screen printing, the ink is applied to the target surface by forcing it through a mesh of polyester, stainless steel, or other materials. It is pressed through the mesh onto the surface of the substrate. The ink is forced through a fine mesh using a fill blade or squeegee, which is drawn across the screen, thereby forming images on substrates. UV curable inks, plastisol inks, and solvent and water inks are used for screen printing of electronic components. Screen printing is one of the oldest and most versatile printing techniques used globally. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=197 Countries across North America, especially, the US are battling with the increasing number of COVID-19 cases. At the same time, the country is witnessing gradual re-opening of businesses. However, the demand for various products has reduced in the US. The same is the case in Europe, where the rebound time to be taken by industries is still uncertain as a second wave of the COVID-19 is expected to hit the region.

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