Printed Electronics Global Market Report 2024

Printed electronics involve the use of technology that facilitates the manufacturing of electronic devices that are thinner and wearable. This technology allows for the production of precise and cost-effective electronic devices. Printed electronics offer the advantage of creating devices and sensors on various substrates, as well as uniquely shaped devices that can be integrated into existing products. This technology is utilized in the production of various electronic goods, including electronic circuits, displays, antennas, electronic skin patches, and sensors.

The primary technologies employed in printed electronics are inkjet, screen, gravure, and flexographic printing. Inkjet printing, for instance, is a non-contact method that uses droplets of ink with diameters ranging from 10 to 150 μm, contained in a fluid channel for printing. This technology is beneficial for production and prototyping, as it enables the cost-efficient additive deposition of thin line circuits on a variety of substrates, only where needed. The materials used in printed electronics include ink and substrate, and they are applied in the manufacturing of displays, RFID tags, batteries, photovoltaic cells, lighting, and other applications. The end-users of printed electronics span various industries, including automotive and transportation, healthcare, consumer electronics, aerospace and defense, construction and architecture, retail and packaging, among others.

The printed electronics market research report is one of a series of new reports that provides Printed electronics market statistics, including printed electronics industry global market size, regional shares, competitors with a printed electronics market share, detailed printed electronics market segments, market trends and opportunities, and any further data you may need to thrive in the printed electronics industry. This printed electronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The printed electronics market size has grown rapidly in recent years. It will grow from $11.36 billion in 2023 to $13.54 billion in 2024 at a compound annual growth rate (CAGR) of 19.2%. The growth observed in the historical period can be attributed to factors such as increased demand in consumer electronics, applications in medical devices, and the growth of automotive electronics.

The printed electronics market size is expected to see rapid growth in the next few years. It will grow to $26.5 billion in 2028 at a compound annual growth rate (CAGR) of 18.3%. The anticipated growth in the forecast period can be attributed to the increasing demand for IoT (Internet of Things) and smart devices, the rise of wearable technology, the adoption of energy harvesting solutions, the use of sustainable and eco-friendly materials, and advancements in advanced manufacturing techniques. Major trends expected in the forecast period encompass the development of flexible and wearable electronics, the emergence of in-mold electronics (IME), the utilization of 3D printing for electronics, the integration of IoT and sensors, and ongoing technological advancements in the field.

The anticipated growth of the printed electronics market is expected to be driven by the increasing demand from the automotive industry. Printed electronic devices, such as tailing sensors, elements for heating, Organic Light-Emitting Diode lights (OLED), and Organic Solar Cells (OPV), are integral to daily production and assembly activities in the automotive sector. The surge in automobile production is poised to escalate the use of printed electronics. For instance, Invest India, the National Investment Promotion and Facilitation Agency of India, reported in March 2020 that the Indian automobile industry is projected to reach $300 billion by 2026, with a significant growth rate of 22% to 25% in the passenger segment expected in 2022. Additionally, a March 2022 report by The European Automobile Manufacturers' Association revealed a global increase of 2.7% in car production output in 2021, with a 3.1% rise in the US and a 7.1% growth in China. Consequently, the heightened demand from the automotive industry is set to drive the demand for printed electronics during the forecast period.

The growth of the printed electronics market is further expected to be propelled by the expanding consumer electronics industry. Consumer electronics, encompassing electronic products for daily, non-commercial, or professional use, prominently incorporates printed electronics in the manufacturing of devices like displays, sensors, and lights. In 2023, according to data from the Federal Reserve Economic Data, sales of electronics and appliance stores in St. Louis increased from $3,487 million in 2020 to $8,540 million in 2021. This surge in the consumer electronics industry is anticipated to create a heightened demand for printed electronics.

A significant trend in the printed electronics market is the increasing prevalence of strategic partnerships and collaborations. Major companies in the printed electronics equipment market are actively engaging in such partnerships to broaden their product development initiatives, enter new regions, and meet customer demands effectively. For example, in February 2021, Henkel Adhesive Technologies, a German chemical and consumer goods company, announced a partnership with Quad Industries, a Belgian solutions provider and manufacturer of customized printed electronics. This collaboration aims to exchange technology for designing, creating, prototyping, and manufacturing printed electronics.

Moreover, major companies in the printed electronics market are directing their efforts toward strategic investments. Strategic investments involve allocating resources to projects or initiatives expected to yield long-term advantages for a company. In January 2023, Australian printed electronics startup Syenta raised AU$3.7 million ($2.5 million) in seed capital to accelerate the production of its multi-material 3D printers. These printers enable users to access highly sophisticated and functioning electronics, including semiconductors, batteries, and sensors. The funding round, led by Australasian venture capital firm Blackbird, reflects a strategic move to enhance the development of advanced bioelectronic assay consumables.

In February 2022, Axion BioSystems, Inc., a US-based provider of advanced live-cell assay systems, acquired M-Solv Manufacturing Ltd. for an undisclosed amount. This acquisition resulted in the formation of a new entity called Axion BioSystems Manufacturing, UK, Ltd., bringing together synergies for the development of the next generation of bioelectronic assay consumables. M-Solv Manufacturing Ltd. is a UK-based manufacturer of printed electronics, micromachining, and micro-deposition equipment.

Major companies operating in the printed electronics market include LG Display Co. Ltd., Samsung Electronics Co. Ltd., Molex LLC, Agfa-Gevaert Group, Palo Alto Research Center Incorporated, BASF SE, DuPont de Nemours Inc., Xerox Corporation, Koch Industries Inc., Jabil Inc., Bebop Sensors Inc., Sensing Tex S.L, E Ink Holdings Inc., Flex Ltd., Carre Technologies Inc., Xerox Holdings Corporation, Thin Film Electronics ASA, T+ink Inc., NovaCentrix Corp., Optomec Inc., Vorbeck Materials Corp., Brückner Maschinenbau GmbH & Co. KG, Cicor Management AG, DuraTech Industries Inc., Heidelberger Druckmaschinen AG, Henkel AG & Co. KGaA, InkTec Co. Ltd., Komura-Tech Co. Ltd., Nissha Co. Ltd., Tritek Co. Ltd.

Asia-Pacific was the largest region in the printed electronics market in 2023, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the printed electronics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the printed electronics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The printed electronic market consists of revenues earned by entities by providing printed electronics solutions and services such as prototyping, design validation, hardware development, and 3D printing to offer additive manufacturing technology to enhance the manufacturing of electronics and semiconductors. The market value includes the value of related goods sold by the service provider or included within the service offering. The printed electronics market also includes sales of active-matrix backplanes, integrated circuits, antennas, ring oscillators, memory devices, printed organic and inorganic PV, light-emitting diodes, solar cells, batteries, and wearables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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