The Asia Pacific Printed Electronics Market would witness market growth of 20.6% CAGR during the forecast period (2022-2028).
Printed electronics has been a major research sector, with an emphasis on constant upgrades and improvements to enhance capabilities and to explore new applications in a variety of disciplines. Several major advancements and developments in this technology have resulted from increased R&D investments by numerous associations, organizations, and businesses over the previous few decades. Consumer electronics makers, such as IoT devices, display devices, smartphones, and other communication devices, are among the end-product manufacturers. Furthermore, various new applications and end-user industries can be introduced to the printed electronics market in the coming years.
Manufacturers incorporate technology into a variety of items based on customer demand and distribute them to retailers or distributors for sale. To gain a foothold in expanding regional markets, market players are relying on acquisitions and mergers or distribution agreements. Thin Film Electronics ASA has inked a distribution deal with CymMetrik. The deal is aimed at increasing sales. Because of the growing consumer electronics production processes in this continent, printed electronics technology is in high demand. These factors are estimated to propel the growth of the printed electronics market in the coming years.
TFTs (thin-film transistors) have advanced tremendously in recent years and have a wide range of applications in sensors, flat displays, logic circuits, radio frequency identification tags, and other areas. TFTs printed on paper are essential for the quick development and marketing of printed electronics. Chinese researchers are helping to speed up the development and marketing of printed TFTs.
Japan's energy growth has been stifled by the country's geriatric and shrinking population along with high levels of energy conservation and efficiency, and relatively low yearly GDP growth rates. Because of reduced global demand for Japan's exports, the slowdown in China's economic growth, trade conflicts with South Korea, and lower steel output, real GDP has fallen in the last two years, from 2.2% to less than 0.7% in 2019. 3 Over time, the country's demographics are estimated to increase domestic energy demand as well as the general economic situation. With these statistics, the requirement for energy-efficient solutions would be accelerated across the region. One of the major substitutes for natural energy is the solar power, which is also a trending concept in the modern era. The demand for solar energy is estimated to significantly increase in the coming years owing to this factor.
The China market dominated the Asia Pacific Printed Electronics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,353.8 million by 2028. The Japan market is experiencing a CAGR of 19.8% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 21.3% during (2022 - 2028).
Based on Material, the market is segmented into Ink and Substrate. Based on Technology, the market is segmented into Screen, Inkjet, Flexographic, and Gravure. Based on Device, the market is segmented into Displays, Photovoltaic, Lighting, RFID, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Printed Electronics Market is Projected to reach USD 31.6 Billion by 2028, at a CAGR of 20.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd., BASF SE, DuPont de Nemours, Inc., LG Display Co., Ltd., Xerox Corporation, Koch Industries, Inc., E Ink Holdings, Inc., Enfucell Oy, GSI Technology, Inc., and NovaCentrix.
By Material
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