Market growth in APAC will be faster than the growth of the market in other regions. The availability of low-cost products due to the high concentration of display and electronic device manufacturers in the region will facilitate the printed electronics market growth
The potential growth difference for the printed electronics market between 2020 and 2025 is USD 20.10 billion. Growing demand for flexible displays, as per Technavio, is one of the key factors driving the global printed electronics market growth. Factors such as the challenge of encapsulation will challenge market growth.
The high cost of encapsulation of flexible OLED display and light panels will lead to high manufacturing costs which will hamper the mass production and supply of display and lighting panels of both rigid flat and curved displays. In addition, the high cost of encapsulation is expected to impede the growth of the market in focus.
APAC will be the leading region with 50 per cent of the market’s growth during the forecast period. South Korea (Republic of Korea), Japan, and China are the key markets for printed electronics in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The availability of low-cost products due to the high concentration of display and electronic device manufacturers in the region will facilitate the printed electronics market growth in APAC over the forecast period.
“The printed electronics market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The global printed electronics market is highly competitive due to the presence of a large number of vendors. There are significant growth opportunities in the printed electronics market as they are finding numerous applications in different electronic devices,” reads a report vy Technavio.
The display segment led the largest printed electronics market share in 2020. The segment will continue to account for the largest share of the market during the forecast period due to the increase in demand for products such as TVs, smartphones, and wearables that are based on OLED display, electrophoretic display (EPD), electrochromic, and other printed displays.
