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In a recent market research report titled "Global Printed Electronics Market 2023-2027," Technavio Research predicts substantial growth in the printed electronics industry, with an estimated increase of USD 47,582.09 million during the forecast period of 2022-2027. The market is expected to progress at an impressive compound annual growth rate (CAGR) of 15%. The report comprehensively analyzes the current market scenario, the latest trends and drivers, and the overall market environment.
The study highlights the emergence of stretchable electronics as a significant factor driving the growth of the printed electronics market in the coming years. With the increasing demand for flexible displays, the rising use of near-field communication (NFC), and a growing need for printed electronics in the automotive and transportation sectors, the market presents immense growth opportunities.
The printed electronics market is characterized by fragmentation, and this trend is expected to accelerate during the forecast period. Major market participants include Agfa Gevaert NV, BASF SE, DuPont de Nemours, Dycotec Materials, Enfucell, Fujikura, Henkel AG and Co. KGaA, InnovationLab, Jabil, Koch Industries, Nissha, NovaCentrix, Optomec, Printed Electronics, Samsung Electronics, Schreiner Group and Co. KG, TE Connectivity, Xerox Holdings, YFY, and Ynvisible Interactive.
While the market offers significant growth prospects, challenges are expected to arise for market vendors. To help players strengthen their market foothold, the printed electronics market forecast report provides a detailed analysis of the leading market vendors. Additionally, the report empowers industry leaders with insights into the competitive landscape and a comprehensive overview of the different product offerings available from various companies.
Click here for further insights on the compound annual growth rate (CAGR) and year-over-year (YOY) growth rate.
Click here to learn about Technavio.
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