DUBLIN--(BUSINESS WIRE)--The "Printed Sensor Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
The global printed sensor market is poised to grow at a CAGR of 6.74% over the forecast period 2019-2024. The printed sensors technology costs less and can be manufactured on a large scale, providing high economies of scale to manufacturers.
- The fully-printable sensors are a low-cost alternative to the silicon sensors. This is due to the increasing application areas for the flexible, stretchable, mass manufacturable, and versatile printed sensors. They can also be disposed of easily, which is causing their increased demand.
- High setup cost as well as complexity of integration into devices is a challenging factor which is restraining the growth of the market.
Consumer Electronics Segment to Dominate the Market
- The ever-increasing demand for smartphones is expected to drive the growth in the printed electronics market due to its architecture and thin structure.
- The increasing features set and reducing sizes of these devices has created a demand for thin, flexible, and highly-durable sensors.
- The advent of micro-electro-mechanical systems (MEMS) technology allowed smartphones and other sensing components to be miniaturised, leading to smaller wearable sensors.
- Smartphones like Samsung Galaxy ST series has placed the proximity sensor below the screen, while Vivo was the first company to introduce a commercially available phone with an in-display fingerprint sensor.
Europe to Witness Significant Growth
- Europe is the largest market for printed electronic sensors owing to increasing demand for printed technology in the medical industry. Also, the growing development towards human-machine interface, nano-dimension materials, and point-of-care devices through printed electronics is on a rise.
- Electric vehicles are seen as a big market for printed electronic sensors because of the need for monitoring of the car's performance and energy consumption. The requirements for printed sensors in Electric Vehicles are expected to further increase with the rise in technologically-advanced and autonomous or self-drive cars.
- European electronic manufacturers are in part funded by regional and national institutions and the European Union for carrying out research projects. An example of the EU-funded project is FlexSMELL, which focused on designing olfaction systems for smart packaging for the logistics of perishable goods.
The market is fragmented with companies developing printed sensors for all industry verticals, especially medical, which have the highest use cases. Companies are also opening up new business segments which caters to enterprises requiring printed sensors.
- June 2019 - Brewer Science announced the expansion of its printed electronics program to incorporate service capabilities. These new services are categorized into three major core competencies: printing, electronics and software The new offerings will enable customers to take full advantage of BSI's core competencies and expertise in printed electronics sensor systems for a variety of applications
- February 2019 - NASA is advancing a potentially revolutionary, nanomaterial-based detector platform. The technology is capable of sensing everything from minute concentrations of gases and vapor, atmospheric pressure and temperature, and then transmitting that data via a wireless antenna.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Flexibility, Stretchability and Ease of Disposal is Causing the Market to Grow
4.4 Market Restraints
4.4.1 High Technology Cost is a Challenging Factor
4.5 Industry Attractiveness - Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Printing Technology
5.2 By Sensor Type
5.3 By End-User
5.3.2 Consumer Electronics
5.3.5 Other End-user Industries
5.4.1 North America
5.4.4 Latin America
5.4.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 FlexEnable Limited
6.1.2 Integrated Device Technology, Inc.
6.1.3 Canatu Oy
6.1.4 Butler Technologies, Inc.
6.1.5 ISORG S.A.
6.1.7 KWJ Engineering, Inc.
6.1.8 Peratech Holdco Limited
6.1.9 Pressure Profile Systems, Inc.
6.1.10 T+Ink, Inc.
6.1.11 Tekscan, Inc.
6.1.12 Thin Film Electronics ASA
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/se7cud