Printed electronics Market

Market Leadership - Printed Electronics Market

The printed electronics market is estimated to reach USD 13.6 billion by 2023 from USD 6.8 billion in 2018, at a CAGR of 14.92% during 2018–2023. Major factors driving the printed electronics market growth include the rise in applications of printed electronics in IoT; high demand for thin, robust, and flexible substrates for producing secure and cost-effective printed electronics; and significant cost advantages provided by printed electronics.

Samsung (South Korea), LG (South Korea), DuPont (US), BASF (Germany), Agfa-Gevaert (Belgium), Air Products and Chemicals (US), Nissha USA (US), NovaCentrix (US), Molex (US), E Ink Holdings (US), Ynvisible Interactive (Portugal), and Palo Alto Research Center (PARC) (US) are major players in the said market. These players mainly adopt strategies such as product launch, collaboration, contract, acquisition, and partnership to enhance their business and product line, which helps them to grow at a higher pace in the printed electronics market in the long run.

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Top 2 players in the printed electronics market:

Samsung has various subsidiaries engaged in developing varieties of technologies and products. The major subsidiary focusing on providing printed and flexible displays for consumer electronic products, such as mobile phones and laptops, is Samsung Display (South Korea).

The company is focused on collaborating with customers and establishing a close network with partners. In February 2018, Samsung signed a long-term OLED material supply and license agreement (December 2022) with Universal Display, which may be extended for an additional 2-year period.  As a result, the company has significantly gained traction in the printed displays market across geographies such as Asia, Europe, and the Americas. Samsung strategically works toward improving the ecosystem to accelerate the development of printed displays. The company works closely with material suppliers to ensure manufacturing of high-quality products and uninterrupted supply from the supply side.

LG is one of the global leaders and technology innovators in consumer electronics, mobile communications, and home appliances. The company offers its printed electronics products through its subsidiary LG Display.

To meet the requirements of the market for advanced printed displays, partnerships with customers have been the key development strategy of the company. The company has partnered with Apple (US) and 3D Box Inc. (South Korea) to launch and develop products serving the requirements in the printed electronics market. In January 2018, LG Display started mass-producing its 5th generation OLED light panel production line in Korea. The 5th generation line produces sheets measuring 1,100 mm x 1,250 mm and fabricates 15,000 of these sheets per month. Through the production of 5th generation OLED panels, the company intends to gain the largest share of the lighting market.

The company has also been focusing on expanding its business in Asia and earns high profits, considering the increasing demand for printed displays in Asia.

Related Reports:

Printed electronics Market by Material (Inks and Substrates), Technology (Inkjet, Screen, Gravure, and Flexographic), Device (Sensors, Displays, Batteries, RFID tags, Lighting solutions/panels, and PV Cells), Industry, and Geography - Global Forecast to 2023

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Report Code
SE 2466
Published ON
Nov, 2018
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