The Global Market for Printed and Flexible Sensors is Projected to Reach US$9.7 Billion by 2020

Growing Adoption of Printed Electronics Drives the Printed and Flexible Sensors Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Printed and Flexible Sensors market. The global market for Printed and Flexible Sensors is projected to reach US$9.7 billion by 2020, driven by the rising demand for printed electronic devices, particularly in sectors such as medical & healthcare, industrial and consumer electronics.

Printing of sensors represents an innovative approach to sensor manufacturing. Although only witnessing mainstream popularity of late, printing is not new to sensor manufacturing. Sensors have been manufactured for more than a decade by the traditional screen printing process. Developments in sensor printing technologies, over the years, have however enabled more and more sensors to be printed, making it a standard sensor manufacturing technology across the globe.  Printing technology enables manufacturing sensors on diverse substrates, including flexible bendable substrates such as plastics, paper and rubber-like polymers, which allows for high mechanical flexibility. Printing technology has been revolutionizing the growing field of flexible/bendable sensors by providing a cost efficient method of processing diverse electronic materials at temperatures compatible with flexible substrates.

Against this backdrop, printed flexible sensors, defined as sensors manufactured by depositing functional solutions or inks on flexible substrates such as plastics, paper and rubber-like polymers, are gaining prominence in the global sensor market. Low cost of production, simple printing process, and widespread availability of materials for their manufacture make printed flexible sensors attractive in various sensing applications. By replacing amorphous silicon technology with organic electronics, sensor manufacturers are expected to enhance their cost competitiveness and enable new sensor developments bringing to fore more lighter, and robust portable sensors. Printed biosensors and piezoresistive sensors have achieved considerable demand over the years and are now mature product markets. Meanwhile, printed photodetectors, gas sensors and temperature sensors are beginning to gain wider acceptance in a wide range of end-use markets. Printed Humidity Sensors, although currently a very small market, is expected to witness robust growth in the coming years. Printed Piezoelectric and printed capacitive sensors along with associated organic sensors such as Hybrid organic CMOS image sensors and organic x-ray sensors are also expected to witness steady growth.

Future growth in the market will come from rising sensor based applications for a smarter world such as those epitomized by the Internet-of-Things (IoT) ecosystem; continuous developments in sensor performance and form factors, and increasing applications in automobile, healthcare and industrial equipment.  As stated by the new market research report on Printed and Flexible Sensors, Europe represents the largest market worldwide, followed by the United States. Asia-Pacific ranks as the fastest growing market with a CAGR of 6.6% over the analysis period. The growth in the region is driven by robust demand for sensor based consumer, automotive and healthcare electronics, rapid industrialization in countries such as India and China, growing diabetic population and the ensuing increase in demand for printed glucose detection sensors.  

Major players covered in the report include Fujifilm Holding Corporation, GSI Technology, LLC, Interlink Electronics, Inc., ISORG, KWJ Engineering Inc., Peratech Holdco Limited, PST Sensors, Synkera Technologies, Inc., Tekscan, Thin Film Electronics ASA, and T+Ink, Inc., among others.

The research report titled “Printed and Flexible Sensors: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in US$ Million for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), and Rest of World. The report analyzes the global market by segments – Biosensors and Others.

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