Printed & flexible sensors market is anticipated to grow at a CAGR of 9.7% during the forecast period (2024-2031). Factors such as the increasing sensor manufacturing cost reduction and expansion of the Internet of Things devices are driving the market growth. According to the Organisation for Economic Co-operation and Development (OECD), in 2023, one such estimation suggests that in 2023 29.3 billion devices connected to the network globally and half of all machine-to-machine connections accounted for 14.7 billion. The industry growth includes expanded use of point-of-care diagnostic instruments. Consumer electronics are growing rapidly, and there’s a growing need for smartphones, laptops, and tablets, with rising acceptance of robotization and digitization driving the market growth.
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The demand for sophisticated sensing solutions that improve device performance and connection has increased owing to the growth of Internet of Things applications. Electrical components are additionally easier to incorporate into small gadgets by their shrinking size. The market is expanding as a result of rising consumer demand for affordable, energy-efficient sensors. The markets for printed and flexible sensors are expanding owing to increasing needs for consumer electronics and Internet of Things devices. Such sensors, known for their lightweight and flexible forms, are being used widely in wearable technology and smart home appliances.
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Recent Developments
- In February 2023, Henkel introduced the sensor INKxperience Kit for printed electronics-based IOT sensor engineering. Using the help of this kit, skilled engineers may quickly and effectively investigate and experiment with printed electronics technology to develop IOT sensor solutions.
- In September 2021, Gentherm acquired Forciot, which manufactures touch, motion, and force-measuring sensors. Forciot’s innovative electronics and novel stretchy and printable sensors are designed to assist in precisely measuring force, motion, and touch. Company technology is incorporated into car interiors, such as steering wheels for Advanced Driver Assistance Systems (ADAS) Hands-on Detection (HOD) capabilities.
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Type
o By Technology
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- ALPS ALPINE CO., LTD., ELANTAS GmbH, Mekoprint A/S, Nissha Co., Ltd., and Yokogawa Electric Corp. among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Printed & Flexible Sensors Market Report Segment
By Type
- Biosensors
- Capacitive
- Piezoelectric
- Piezoresistive
- Others (Proximity Sensor)
By Technology
- Inkjet Printing
- Flexographic Printing
- Screen Printing
- Gravure Printing
By Application
- Automotive
- Consumer Electronics
- Environmental Testing
- Industrial Equipment
- Medical Devices
- Packaging
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