The Asia-Pacific printed electronics market is projected to grow at a significant CAGR of 15.0% during the forecast period (2020-2026). The market growth is mainly driven by the increasing consumer electronics industries in countries such as China, India, Japan, South Korea, and others. The significant development in consumer electronics devices such as wearable devices smartphones and others further fuel the growth of the electronics industry in these countries. For instance, the major smartphone companies operated in the region are Apple, Blackberry, HTC, Huawei, Samsung, LG, and ZTE providing a significant opportunity to the printed electronics industry by providing various advanced products such as foldable smartphones and others devices.
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As technology advances, the need for a more advanced version of the product arises among the consumers. A significant need to incorporate more and large display sizes as well as curved and irregular displays are observed. This, in turn, is contributing to the adoption of touch screens into the vehicle interior. Printed electronics are primarily used in the automotive industry to provide various advanced devices used in car interiors for great human-machine interface (HMI). Such displays will usually require to conform naturally to the car curved surfaces and be unobtrusive in case of not displaying information. Thus, with the increasing automobile industry and technological advancements in automobile electronics, the need for printed electronics is expected to rise in near future.
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Asia-Pacific Printed Electronics Market – Segmentation
By Material
- Inks
- Substrate
By Technology
- Screen Printing
- Inkjet Printing
- Flexographic Printing
- Others (Gravure Printing)
By Application
- RFID Tags
- Displays
- Photovoltaic Cells
- Lighting
- Others(Sensors)
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