The global printed electronics market is projected to reach USD 23.0 billion by 2026 from an estimated USD 9.9 billion in 2021, at a CAGR of 18.3% from 2021 to 2026. Major factors driving the growth of the market include increased demand for printed electronic products in automotive and transportation industry and growth of the consumer electronics industry.
Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Molex, LLC (US), Agfa-Gevaert Group (Belgium), Palo Alto Research Center Incorporated (PARC) (US), DuPont de Nemours, Inc. (US), Nissha Co., Ltd. (Japan), BASF (Germany), NovaCentrix (US), and E Ink Holdings Inc. (Taiwan); are some of the key players in the printed electronics market. These players have adopted various growth strategies, such as product launches, expansions, partnerships, collaborations, agreements, and acquisitions to retain their presence in the printed electronics market. Product launches has been the most dominating strategy adopted by the key players from January 2019 to December 2021 to help them strengthen their product portfolio and broaden their customer base.
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Samsung Electronics Co., Ltd. (South Korea)
Samsung Electronics is a multinational conglomerate that has various subsidiaries. It offers advanced display solutions and is one of the leading technology companies in consumer electronics and semiconductor products in the world. The company is focused on collaborating with its customers and establishing a close network of partners. The company has gained significant traction in the printed displays market across different geographies such as Asia, Europe, and the Americas. It has tie-ups with several technologically advanced suppliers of printed electronics components across the world.
LG Display Co., Ltd. (South Korea)
LG Display is one of the leading global suppliers of printed displays and OLED lighting panels used in television sets, smartphones, monitors, etc. The company has adopted inorganic growth via partnerships, collaborations, and acquisitions to meet customer requirements for advanced printed displays. It has partnered with Apple, Inc. (US) and 3D Box (South Korea) to develop and launch products in the printed electronics market. These partnerships have enabled the company to achieve synergy in terms of technology and revenue generation.
Molex, LLC (US)
Molex, LLC (US) focuses on providing major printed electronic devices such as printed circuit board assemblies and LEDs and related services and innovative technologies to its customers. The company has uniquely aligned its businesses, both internally and externally. It has partnered with a few key players to strengthen its capability to produce new printed electronics devices and components and take advantage of a wide range of opportunities in the rapidly growing printed electronics market
Agfa-Gevaert Group (Belgium)
Agfa-Gevaert Group (Belgium) offers advanced material development technologies for printed electronics and digitally fabricated PCBs. The company mainly focuses on establishing its position in emerging markets and enhancing its printed electronics market. Also, the company focuses on developing innovative products that meet the requirements of consumers in different countries.
Palo Alto Research Center Incorporated (PARC) (US)
PARC is driven by innovations and focuses on increasing its patent base. Its customers are Fortune 500 companies, Global 1000 companies, and government agencies. PARC invests in R&D activities to innovate and enhance its portfolio. The growing focus of PARC on partnerships has led to its unmatched performance and improvement in operational efficiency, thereby leading to the expansion of its business.
Printed Electronics Market with COVID-19 Impact Analysis by Printing Technology (Screen Printing, Inkjet Printing), Application (Displays, PV Cells), Resolution, Material (Inks, Substrates), End-use Industry, and Geography - Global Forecast to 2026
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