The roll-to-roll (R2R) printed flexible electronics market is estimated to be valued at USD 7.2 billion in 2020 and is projected to reach USD 18.3 billion by 2025; it is expected to grow at a CAGR of 20.5% from 2020 to 2025. A few key factors driving the growth of this market include development of compact and lightweight electronic devices and circuits using roll-to-roll (R2R) printing; rise in global demand for energy-efficient, thin, and flexible roll-to-roll (R2R) printed consumer electronics; significant cost advantages offered by roll-to-roll (R2R) printing used for manufacturing electronic components and devices, and increased use of flexible electronics in healthcare applications.
Samsung (South Korea), LG Electronics (South Korea), Palo Alto Research Center (US), Agfa-Gevaert (Belgium), Molex (US), Nissha USA (US), DuPont (US), BASF (Germany), NovaCentrix (US), E Ink Holdings (Taiwan), and Ynvisible Interactive (Portugal) are among a few major players in the roll-to-roll (R2R) printed flexible electronics market.
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Samsung (South Korea) is a multinational conglomerate that has various subsidiaries. It offers advanced display solutions and is one of the leading technology companies offering consumer electronics and semiconductor products in the world. The company is focused on collaborating with its customers and establishing a close network of partners. Samsung has gained significant traction in the printed displays market across different geographies such as APAC, Europe, and the Americas. It has ties with several technologically advanced suppliers of printed electronic components of the world. 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 of printed electronic components. In June 2019, it commissioned the Aerosol Jet 5X system of Optomec for the production of next-generation printed electronics. The company is also increasing its yearly R&D expenditure for the development of new and innovative R2R printed flexible consumer electronics.
LG Electronics (South Korea) is one of the leading suppliers of printed displays and OLED lighting panels across the world that 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 and 3D Box to develop and launch products in the R2R printed flexible electronics market. These partnerships have enabled LG to achieve synergy in terms of technologies and revenue generation. The company 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. According to LG Magazine, LG is set to display its flexible OLED products at Consumer Electronics Show (CES) 2020 to be held in the US. LG is also expected to unveil ultra HD (UHD) bendable OLED display, full HD (FHD) transparent OLED display, plastic OLED (POLED) tablet, and UHD roll-down OLED display, among others during this event.
Roll-to-Roll Printing Market for flexible electronics by Printing Technology (Screen, Inkjet, Gravure, Flexographic), Application (Displays, Sensors, Batteries, RFID, Lighting), Material, End-use Industry, and Geography - Global Forecast to 2025
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