Report ID: SQMIG20D2188
Report ID:
SQMIG20D2188 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
97 |
Figures:
76
Global Printed Electronics Market size was valued at USD 10.59 billion in 2022 and is poised to grow from USD 12.95 billion in 2023 to USD 64.82 billion by 2031, growing at a CAGR of 22.3% in the forecast period (2024-2031).
In recent years, the global printed electronics market has been changing consumer preferences and demands as it involves the use of advanced printing techniques to manufacture electronic devices, such as sensors, displays, and conductive patterns. Increasing demand for flexible and lightweight electronic components in various industries, including consumer electronics, healthcare, and automotive is one of the key drivers of this market. Moreover, cost-effective production processes, reduced material waste, and flexible form are enabled through the ability of printed electronics.
Additionally, advancements in printable materials and inks, coupled with the rise of Internet of Things (IoT) applications, further fuel the market's expansion. However, ensuring the durability and performance of printed electronic components is the major challenge.
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Report ID: SQMIG20D2188