Printed Electronics Market

Samsung (South Korea) and LG (South Korea) are Leading Players in the Printed Electronics Market

The printed electronics market is projected to grow from USD 7.8 billion in 2020 to USD 20.7 billion by 2025; it is expected to grow at a CAGR of 21.5% from 2020 to 2025. Major factors driving the growth of the market include increased use of printed electronics for the development of smart and connected devices, rise in the global demand for energy-efficient, thin, and flexible consumer electronics, high demand for new generation flexible printed electronics, and significant cost advantages offered by printed electronics.

Key players in the printed electronics market include Samsung Electronics Co., Ltd. (Samsung) (South Korea), LG Electronics Inc. (LG) (South Korea), Palo Alto Research Center Incorporated (PARC) (US), Agfa-Gevaert Group (Agfa-Gevaert) (Belgium), Molex LLC (Molex) (US), Nissha Co., Ltd. (Nissha USA) (US), DuPont de Nemours, Inc. (DuPont) (US), BASF SE (BASF) (Germany), NCC Nano, LLC (NovaCentrix) (US), E Ink Holdings (US), and Ynvisible Interactive Inc. (Ynvisible Interactive) (Portugal).

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Samsung (South Korea)

Samsung is a leading player in the printed electronics market. It is a multinational conglomerate that has various subsidiaries. The company offers advanced display solutions and is one of the leading technology companies in consumer electronics and semiconductor products in the world. Samsung is focused on collaborating with its customers and establishing a close network of partners. As a result, Samsung has gained significant traction in the printed displays market across different geographies such as Asia, Europe, and the Americas. It has ties with several technologically advanced suppliers of printed electronic components.

Samsung is strategically working toward improving its ecosystem to accelerate the development of printed displays. It is working closely with raw material suppliers for manufacturing high-quality products as well as ensuring an uninterrupted supply of these materials. The company is continuously manufacturing technologically advanced and innovative consumer electronic devices and as such, has adopted the strategies of collaborations and partnerships with suppliers of raw materials used for developing printed electronic components worldwide. In June 2019, it commissioned the Aerosol Jet 5X system of Optomec for the production of next-generation printed electronics. Samsung is also increasing its yearly R&D expenditure for the development of new and innovative printed electronics-based consumer electronic devices.

LG (South Korea)

LG is one of the leading global suppliers of printed displays and OLED lighting panels, which are used in television sets, mobile phones, monitors, etc. The company has adopted the strategy of partnerships with customers to meet their requirements for advanced printed displays. It has partnered with Apple (US) and 3D Box (South Korea) to develop and launch new products in the printed electronics market. These partnerships have enabled LG to achieve synergy in terms of technology and revenue generation.

LG has also been focusing on expanding its business in Asia and is earning increased profits considering the growing demand for printed displays from the continent. Presently, the company has adopted the strategy of profit-based production of printed electronics, and its sales structure is leveraging its existing technologies and markets. LG is also optimizing its R&D expenses to achieve break-even in the printed electronics business rather than increasing its market share

Related Reports:

Printed Electronics Market with Covid-19 Impact by Printing Technology (Screen, Inkjet, Gravure), Application (Displays, Sensors, Batteries), Material (Inks, Substrates), End-Use Industry, and Geography - Global Forecast to 2025

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Report Code
SE 2466
RI Published ON
6/30/2020
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