Printed Electronics Market Value To Surpass $350.0 Billion by 2030

From $35.7 billion in 2019, the global printed electronics market revenue is expected to surge to $363.1 billion by 2030. **[According to](https://www.psmarketresearch.com/market-analysis/printed-electronics-market)** the estimates of the market research company, P&S Intelligence, the market will advance at a CAGR of 22.4% from 2020 to 2030 (forecast period). The growing adoption of printed electronics in internet of things (IoT) applications, mushrooming need for flexible electronics, and soaring OLED production with the help of the inkjet printing technology are the major factors propelling the advancement of the market across the globe.

The growing requirement for flexible electronics is a major printed electronics market growth driver. In these products, integrated circuits (ICs) are incorporated on a flexible substrate, such as a metal or a plastic, which can be easily rolled, wrapped, twisted, or folded, without hampering the function. Because of the rising demand for these substances, the players operating in the industry are announcing collaborations with technology providers. For instance, E Ink Holdings Inc. announced a collaboration with Plastic Logic HK in June 2019 for using the organic field-effect transistor (OTFT) technology for producing flexible electronic paper displays for wearables.

Depending on component, the printed electronics market is divided into material and printer categories. Of these, the material category is predicted to exhibit faster growth in the upcoming years. This is ascribed to the soaring adoption of inks and substrates in the fabrication of printed electronic circuits, which are then used in several applications, such as RFID tags, PVs, and displays. For example, researchers working in the U.S. Army Combat Capabilities Development Command’s (CCDC) chemical-biological centers completed the successful testing of a light-emitting diode (LED) light on clothing in 2019.

When end user is taken into consideration, the market is categorized into automotive and transportation, healthcare, consumer electronics, aerospace and defense, retail and packaging, and construction and architecture. Out of these, the automotive and transportation category held the largest share in the market in the past. This was because of the large-scale utilization of the IoT technology in the automotive and transportation sector. The adoption of IoT requires a high bandwidth and extensive data processing capabilities for supporting the remote sensing technology and multiple connections in collecting data from connected devices.

Globally, the Asia-Pacific (APAC) region is predicted to be the fastest-growing region in the printed electronics market during the forecast period. The market in the region is being propelled by the rising requirement for consumer electronics in nations, such as India, China, South Korea, Australia, and Japan. As the printed electronics technology is being increasingly incorporated in the production of flexible consumer electronics, such as wearable devices, the soaring use of these electronics is predicted to fuel the growth of the market in the region in the coming years.

Thus, the demand for printed electronics will shoot up in the forthcoming years, mainly because of its increasing deployment in IoT applications and the burgeoning requirement for flexible electronics across the world.