Increasing OLED Production Using Inkjet Printing Technology Driving Printed Electronics Market
by Deepak Kumar Sr. SEO Executive
Valued at $35.7 billion in 2019, the global printed electronics market is projected to attain $363.1 billion in 2030, advancing at a 22.4% CAGR during the forecast period (2020–2030).
The market is witnessing growth due to the increasing organic light-emitting diode (OLED) production through inkjet printing technology, rising adoption of printed electronics in internet of things (IoT) applications, and rising requirement for flexible electronics.
On the basis of application, the printed electronics market is divided into batteries, display, radio-frequency identification tags, photovoltaics, sensors, lighting, and others (which include memory chips and printed logic circuits).
Among these, the display application accounted for the major share of the market during the historical period (2014–2019) and is projected to dominate the market during the forecast period as well. E-paper and electroluminescent are the two display types. The lighting application is expected to register the fastest growth during the forecast period.
When end user is taken into consideration, the printed electronics market is categorized into construction & architecture, automotive & transportation, aerospace & defense, consumer electronics, retail & packaging, healthcare, and others (which include textiles and media).
The automotive & transportation category dominated the market during the historical period and is further projected to account for the major share of the market during the forecast period, owing to the rising deployment of printed electronics products in different applications.
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One of the major driving factors of the printed electronics market is the rising OLED production through inkjet printing technology. The inkjet technology is gaining traction in the printed electronics domain due to the increasing sales of home-used models and re-fillable ink tank models, primarily in emerging economies.
Hence, the market is registering considerable growth due to the increasing OLED production by making use of inkjet printing technology
Created on Mar 26th 2020 12:02. Viewed 35 times.