Functional
Printing is
defined as deposition of a printable substance on a substrate that creates an
active or passive functionality beyond traditional graphics. The resultant
product would have unique features to sense or control the physical or chemical
components. The market report consists of detailed study on Functional
Printing Market which
is forecast between 2014 and 2020 based on several segments including type of
materials, deposition techniques, coating, applications and geography.
Functional Printing has facilitated the production functional
printed components and systems through the development of roll-to-roll (R2R) processing. Several
printing techniques such as Inkjet, Screen and Gravure Printing have been
utilized to a great extent in print and graphics industry. The usage of R2R
processing allows the print and graphics industry allows high volume
production. As the functional printing solution and service providers continue
to research and develop R2R technology to expand its capability to
manufacture variety of electronic components and devices, the market for
functional printing will remain robust and strong in the future.
Table of contents and insights:
The main market drivers for functional
printing in the wearable
electronics are
particularly in wrist wear and eyewear segments. Also, the customer preference
on the smart devices is increasing which have innovative functions and
technologies to drive growth in the global market.
There is a growing interest among the
customers on the advanced technologies of communication, networking and
recognition. As wearable devices are often limited in space and size, printed
electronic components at low cost are paving new ventures for their integration
into wearable devices. The rise and increase in developments in the next
generation of wearable devices is expected to drive the functional
printing industry in
the coming years.
The Functional Printing Market is based on types of materials used and
they are segmented into four divisions including substrates, conductors, inks,
semiconductors and encapsulants. Substrates are again classified into four
categories including polymer films, paper, glass and ceramics. Then the market
is segmented by deposition techniques such as Inkjet printing, Screen printing,
Gravure printing, Aerosol jet printing and Offset lithography. Screen and
Inkjet printing techniques are the major ones
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Subsequently, the Functional Printing
Market thoroughly covered all the related applications which include
electronics components: logic memory, membrane switches and touchscreens;
sensors: image sensors, photodiodes, bio-sensors and others; OLED lighting,
printed batteries, displays, photovoltaic and integrated smart systems.
Global Functional Printing Market Revenue, 2014-2020 ($M)
SOURCE: IndustryARC Analysis and Expert
Insights
According to IndustryARC Analysis, the Functional
Printing Market is
forecast to increase from 6.9 billion units in 2014 to 25.4 billion units by
2020 with a CAGR of 25%. The remarkable factors advancing the functional
printing market are development in the flexible electronics, wearable devices,
functional packaging and integrated smart systems. Key drivers of Global Functional Printing Markets are cost reduction, economic friendly and
capability of producing in high volumes. Major Industries of Global functional
Printing Markets are Lighting and Display Industries, Automotive Industry and
Energy.
The major material suppliers of Functional
Printing are AGFA, BASF, DuPont, Dow chemicals and many others while the OEMs
include 3D-Micromac AG, NovaCentrix, XAAR Plc and many others. Finally, ODMs
and end user manufacturers are Thinfilm Electronics, GWENT Corp, GSI
Technologies, Kodak and many others. Above mentioned players possess efficient
research centers and strong distribution network worldwide.
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Drivers
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