PUNE, India, July 19, 2024 /PRNewswire/ -- Printed &
Flexible Sensors Market size was valued at US$ 11.65 Bn. in 2023 and the total revenue is
expected to grow at a CAGR of 7.6% from 2024 to 2030, reaching
nearly US$ 19.45 Bn.
Reports on competitive analyses encompass company overviews,
financial performances, product portfolios, and strategies of key
players in the Printed and Flexible Sensors market. To assess
strengths and weaknesses, a comprehensive SWOT analysis was
conducted, while a PESTLE analysis was carried out to understand
the impact of macroeconomic factors on the market. Also, the report
includes detailed analyses of investments made by market players to
enhance their global presence.
The research methodology utilized in analysing the Printed and
Flexible Sensors market encompasses a thorough approach that
combines primary data which is often collected through surveys,
interviews, and focus groups with industry experts and stakeholders
such as manufacturers, suppliers, distributors and retailers,
research and development organizations and technology providers.
This allows for firsthand insights into market trends, consumer
behaviour, and regulatory challenges and secondary research
utilizing reports from government sources, industry publications,
and financial statements. Market sizing and forecasting techniques
are employed alongside competitive analysis to provide valuable
insights into the market landscape. It also includes trade balance,
market entry strategies, costs in different region, technology
adoption, regulatory framework, compliance requirements and
customer demographics which makes it an investor's guide. The
report encompasses Product Type, Printing Technology and
Application segments and their analysis, which elucidates their
influence on the market. The estimation methodology often adopts a
bottom-up approach to accurately determine market sizes.
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Global Printed and Flexible Sensors Market 2023-2030: Key
Highlights
Market Size in
2023:
|
USD 11.65 Bn
|
Market Size in
2030:
|
USD 19.45 Bn
|
CAGR:
|
7.6 %
|
Forecast
Period:
|
2024-2030
|
Base
Year:
|
2023
|
Number of
Pages:
|
229
|
No. of
Tables:
|
138
|
No. of Charts and
Figures:
|
193
|
Regional
Scope:
|
North America, Europe,
Asia Pacific, and Africa, South America
|
Report
Coverage:
|
Market Share, Size and
Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers,
Restraints, Investment Opportunities, and Key Trends, Competitive
Landscape, Key Players Benchmarking, Competitive Analysis, MMR
Competition Matrix, Competitive Leadership Mapping, Global Key
Players' Market Ranking Analysis.
|
- Historic Market Size 2017-2023
- CAGR of the market during 2024-2030.
- Detailed information on factors that will assist Printed and
Flexible Sensors market growth during the next seven years.
- An estimation of the Printed and Flexible Sensors market size
and the impact of country's GDP on Printed and Flexible Sensors
market.
- Forecasts on upcoming trends and changes in consumer
behaviour.
- The growth of the Printed and Flexible Sensors market
- Analysis of the competitive landscape and detailed information
on companies.
- Comprehensive details of factors that will impede the growth of
Printed and Flexible Sensors companies.
Competitive Landscape
The Printed and Flexible Sensors Market includes the presence of
several global as well as regional key players. A few prominent
players that offer Printed and Flexible Sensors in the market are
Canatu Oy, Fujifilm Holding, ISORG, Interlink Electronics, KWJ
Engineering, Peratech Holdco, Synkera Technologies,T+Ink, Inc.,
Tekscan , Thin Film Electronics ASA, Vista Medical Meggitt
A/S and others.
What's New: Recent Additions and Updates
- Expansion into Southeast Asia,
South America, and Africa.
- Localization efforts for new markets.
- Technological Advancements
- New Streaming Partnerships and Platforms
- Innovative Marketing Strategies
- Financial Performance and Investment
- Consumer Behaviour and Trends
- Regulatory Changes and Challenges
For a detailed analysis of regions and their contributions
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Market Overview
Increasing digital transformation in various industries is
driving significant growth in the printed flexible sensors market.
This growth is driven by the widespread adoption of smart devices
such as smart watches, mobile phones and solar cells, generating
new revenues for suppliers in the market. The electronics industry
in particular is ripe with opportunities as market participants
address the unmet demand for many new solutions. In addition, the
push for digital maturity in sectors such as healthcare, banking
and education has opened up significant avenues for market
expansion.
In 2024, the smartwatch market is expected to grow
exponentially. With 224.31 million users worldwide, this number is
expected to reach 228.48 million by 2026. About 180 million
smartwatches will be shipped by 2024, and more than 173 million by
2022. By 2032, the market is expected to grow to $143.19 billion, with a CAGR of 15.6%. Apple
leads the market with a 30% share. By 2024, smartwatch penetration
is predicted to be 2.89%, with 23% of men and 21.8% of women owning
a smartwatch.
In the U.S. of the population, 12.2% of people use a smartwatch
or fitness tracker, Poland is the
most accepted at 26.5% and Morocco
the lowest at 2.1%. Smartwatches are primarily used for health and
fitness, with 92% of users using them for this purpose.
Technological advancements including AI and healthcare products
continue to propel the market despite challenges such as high
energy consumption and cost.
The growing smartwatch market drives growth in the printing
flexible sensor segment by increasing demand for advanced sensor
technologies, fuelling innovation and generating new revenues This
relationship with this interconnectedness highlights the critical
role of printed and flexible sensors in the evolution of wearable
technology.
Recent technological developments have driven market growth.
Technologies combined with artificial intelligence, automation, and
facial recognition to create intuitive and hybrid sensors. For
example, the German company Accentors is developing a new way to
print pH sensors, using only nanoliters of a special material,
making them cost-effective and simple. These sensors usually come
with a printed temperature sensor to provide accurate pH
readings. Similarly, Sweden's Invisence developed a thin, printable
sensor that can detect moisture. This sensor, which combines an
absorber with a printed RFID antenna coil, is capable of remotely
detecting intact condensation, proving useful on surfaces such as
bathroom tile. The healthcare industry stands out as an important
customer for printed sensors.
The shift towards digital technologies and faster processes has
led manufacturers to prefer software-based sensors, which are space
efficient compared to traditional hardware sensors. The rapid
integration of new technologies into healthcare devices highlights
the demand for innovative sensor solutions.
Furthermore, the energy industry benefits from the use of
sensitive sensors in sustainable energy production. Research
institutes are developing high-quality instruments and
instrumentation for use in renewable energy, taking advantage of
the simplicity and compactness of these sensors. The ability to
integrate these sensors across a range of industrial applications
enhances profitability and efficiency, contributing to the growth
of the market.
In conclusion, the demand for Printed and Flexible Sensors is
constantly increasing worldwide, driven by factors such as digital
maturity in the healthcare, banking, and education sectors, which
have also opened up a huge number of opportunities for market
growth. This comprehensive perspective provides stakeholders with
valuable information to navigate opportunities and challenges, and
ensures strategic decisions for sustainable growth in the global
Printed and Flexible Sensors market.
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Segment Overview
MMR has segmented the market based on
By Product Type
- Biosensors
- Capacitive sensors
- Piezoresistive sensors
- Piezoelectric sensors
- Optical sensors
- Temperature sensors
- Humidity sensors
- Gas sensor
By Printing Technology
- Inkjet Printing
- Screen Printing
- Flexographic Printing
- Others
By Application
- Automotive
- Consumer Electronics
- Industrial
- Medical
- Others.
Based on the Product Type, the market is segmented into
Biosensors, Capacitive sensors, Piezoresistive sensors,
Piezoelectric sensors, Optical sensors, Temperature sensors,
Humidity sensors, and Gas sensor. Biosensors segment is expected to
hold the largest market share of xx% by 2030. The strong demand for
glucose test strips, which are the most developed type of printed
sensors and are used for diabetes monitoring, is responsible for
the significant market share of printed biosensors. The market for
printed biosensors is also expected to increase at a significant
rate due to the quick development of technology, rising need for
home-based point-of-care devices and rising demand for glucose
monitoring in diabetic patients. Additionally, the market for
printed biosensors has a significant market share due to the
increasing use of biosensors in consumer electronics and
environmental monitoring applications.
Detailed segmentation values for each segment and
explanations for growth are provided in the final report.
https://www.maximizemarketresearch.com/market-report/global-printed-and-flexible-sensors-market/36362/
Geography Overview
Asia-Pacific region is expected
to dominate the Printed & Flexible Sensors Market during the
forecast period 2024-2030. The Asia-Pacific region is expected to hold the
largest market share of xx% by 2030. the presence of numerous
consumer electronics devices, the region's rapidly developing
technology, commercial and non-commercial vehicles with advanced
driver assistance systems, touch info and entertainment systems,
and social diseases such as diabetes on the rise in Asia
Contributing factors include -High Growth Rate of Pacific Printed
& Flexible Sensors Market.
The market for printed or soft electronics is growing rapidly in
Asia Pacific. This increases the
investment of foreign companies in the sector. A distribution
agreement was recently signed between Chinese company CymMetrik and
American company Thin Film Electronics ASA. Specifically, these
agreements seek to increase sales in China, Taiwan, India, and other Asia-Pacific countries. With the rise in the
usage of electronic devices in the continent, the demand for
printed electronic devices is high and is expected to grow
significantly over the forecast period.
In the final report, past and future numbers and explanations
are incorporated seamlessly to provide a comprehensive
understanding of the Global Printed and Flexible Sensors
market.
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