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Business

Niche printed electronics sector set for growth

The global printed electronics sector could be worth as much as $6.9bn (£5.2bn) by the year 2031, according to a new report by research firm IDTechEx.

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Printed Electronic Materials Market Forecast to Reach $6.9Bn by 2031, Says IDTechEx

Though perhaps seen as a niche market in commercial printing circles, printed electronics are widely used in a number of devices such as smartphones and sensors.

However, as IDTechEx highlights in its report, this technology is forecast to be widely adopted in applications ranging from medical devices to smart packaging, and companies active in this sector could benefit from the increasing amount of work available.

“Innovative functional materials are obviously a fundamental part of the value chain for any emerging technology, but this is especially true of printed or flexible electronics as materials need to combine electronic or semiconducting functionality with being flexible or solution processable, as well as being stable and straightforward to manufacture,” IDTechEx says.

Among the products and technologies set for significant growth over the next 10 years are materials for organic light emitting diodes (OLEDs), organic photovoltaics, organic photodetectors and organic thin film transistors.

IDTechEx also cited carbon nanotubes, semiconducting perovskites, quantum dots and functional inorganic inks as areas set for major development.

“We forecast organic semiconductors, primarily for OLEDs and component attachment materials to be the largest materials markets in the printed and flexible electronics by 2031,” IDTechEx adds.

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