At CAGR of over 30%, the Printed Electronics Market is estimated to surpass US$40 bln by 2020

13-Jun-14

The Printed Electronics Market is estimated to grow at a CAGR of 33.8% from 2014 to 2020, estimated to reach US$40.2 bln by 2020, as per MarketsandMarkets. The Printed Electronics Market has gained remarkable increase in the demand of market at present. As the name itself suggests, printed electronics is the fusion of two major industries electronics and printing. The major focus of printed electronics is to provide less costly and more efficient production of printed circuits and devices. Huge research has been carried out on varied materials and equipment in many large and small companies and universities. The printed displays found as one of the major applications, which offer new design and functionality opportunities to device manufacturers, which in turn opens opportunity for new applications which is not envisioned yet. Rising energy costs, coupled with climate change are driving the increase of renewable energy sources such as solar photovoltaic (PV) technologies. Thin-film photovoltaic cells are also found in one of the major applications of printed electronics.