Printed Electronics Market to Reach $12.10 Billion by 2022
November 24, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Printed Electronics Market - Global Forecast to 2022" report to their offering.
The printed electronics market was valued at USD 3.13 billion in 2015 and is expected to reach USD 12.10 billion by 2022, at a CAGR of 22.38% between 2016 and 2022.
Printed electronics is gaining a wide momentum owing to the many benefits it offers over conventional printing such as low fabrication cost, scalability, and simple fabrication. Increasing penetration of Internet of Things is necessitating the demand for printed electronics. Printed electronics along with their low cost provides added benefits of thin-form factor, flexibility, stretchability, portability, and rollability, among others.
Other significant factors driving the growth of the printed electronics market is the thin and flexible form factor and significant cost advantages provided by the printed electronics. Increased miniaturization, technological changes, and portability needs of electronic products in different sectors such as telecommunications, packaging, automotive, and medical are driving the demand for flexible electronic products in the market.
The complex manufacturing process poses as a restraint in the market. Some of the challenges in the manufacturing include incompatibility between layers and materials, form factor requirement of products, and requirement of operational voltage and drive current among others.
Suggested Items
IDTechEx Examines the Opportunities for Wearables in Digital Health
04/19/2024 | IDTechExIDTechEx’s report, “Digital Health and Artificial Intelligence 2024-2034: Trends, Opportunities, and Outlook”, covers this ongoing trend in the consumer health wearables market and includes analysis of the opportunities and roadmap for biometric monitoring.
ZESTRON Welcomes Whitlock Associates as New Addition to their Existing Rep Team in Florida
04/19/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, is thrilled to announce the addition of Whitlock Associates to its esteemed network of sales representatives.
IPC Bestows Posthumous Hall of Fame Award to Industry Icon Michael Ford
04/18/2024 | IPCIPC honored the late Michael Ford, Aegis Software, for his extraordinary contributions to the global electronics manufacturing industry with the IPC Raymond E. Pritchard Hall of Fame Award at IPC APEX EXPO 2024. IPC’s most prestigious honor, the Hall of Fame Award is given to individuals who have provided exceptional service and advancement to IPC and the electronics industry. Ford, an industry leader and valued IPC volunteer, died suddenly in January 2024.
SEMI Applauds U.S. Chips Act Award for Samsung Electronics Facilities to Strengthen Domestic Semiconductor Supply Chain
04/17/2024 | SEMISEMI, the industry association serving the global electronics design and manufacturing supply chain, applauded the United States Department of Commerce’s announcement of a Preliminary Memorandum of Terms for an award under the CHIPS and Science Act to support the expansion of Samsung Electronics’ presence in Texas and the company’s development and production of leading-edge chips.
Northrop Grumman honors Calumet Electronics with Supplier Excellence Award
04/17/2024 | Calumet ElectronicsNorthrop Grumman Corporation has recognized Calumet Electronics during the company’s 2024 Supplier Excellence Awards for “exceptional performance and unwavering commitment to delivering with excellence.” Calumet is one of 70 suppliers recognized from across the globe. In its award category of “Supplier Strategic Excellence,” Calumet was honored alongside global corporations such as Amazon Web Services, Dell Technologies, and Eaton Corporation.