The Global Printed Electronics Market Is Estimated To Increase during the Forecast Period Owing To the Expansion of IT and Software Companies in the World

 

Printed electronics are a group of digital printing methods utilized to produce electronic devices on different substrates using flat media. Typical printed electronics applications include desktop, handheld, signage, printing head, print head, LED signs, neon signs, attachment to devices, signage, label stickers, posters, computer circuit boards, antenna system, door handle covers, eyeglass holders, earbuds, DVD player enclosures, and CD/DVD changer carts. Most printed electronics are printed with CMYK technology. CMYK stands for 'Cyan, Magenta, Key Black' and uses the color CMYK to print black and white text or colors. Other popular applications are LED signs, radiofrequency identification (RFID) signs, fax machines, data cards, computer keypads, key chains, mousepads, padlocks, password decals, adhesive labels, sticker sheets, and labels.
The increasing expansion of IT and software companies in the world is the main factor that is boosting the growth of the global printed electronics market. For instance, according to the International Association of Computer Science and Information Technology, there are more than 100,000 software companies in the world. Moreover, the increasing usage of printed electronics for the development of connected and smart devices is also boosting the growth of the global printed electronics market. IoT has bagged the attention of consumers in the recent few years, business decision-makers, organizations, and technology vendors, owing to the rapid advancements in the field of sensor technology and semiconductors, along with the improvements in data transfer rates, cellular connectivity, and development of cloud infrastructure. Information technology can be used in various types of connected and smart devices. It finds its main applications in connected cars, smart homes, smart appliances, etc.
Since printed electronics are composed of a mix of printed media and conductive media, different techniques are employed in their printing process. While some printed electronics are printed with conductive inks, others use a combination of both types of media and conductive inks. There are also printed signs, which are created with a combination of printed media and conductive inks while some are printed with only conductive inks. The most popular ones are printed with a combination of conductive and non-conductive inks. However, the gap of knowledge among various disciplines during the development of electronics is the main restraining factor that is hindering the growth of the global printed electronics market.
Owing to the increase of software and IOT companies in the region, North America is experiencing high demand in the global printed electronics market. For instance, according to CompTIA, there are over 525,000 IT and software companies in the United States. Moreover, the government initiatives for the development of the technology sector are also enhancing the growth of the market. Owing to these factors there have been some industrial developments in the global printed electronics market. For instance, in September 2019, Samsung introduced the Galaxy Fold, which is a foldable display phone equipped with Infinity Flex Display.