USD 95.4 Billion
Printed Sensors Market Size, Share, Growth Analysis, By Type(Printed Biosensor Sensors, Printed Image Sensors), By Application(Consumer Electronics, Smart Packaging) - Industry Forecast 2024-2031
Report ID:
SQMIG20D2253 |
Region:
Global |
Published Date: May, 2024
Pages:
197
|
Tables:
68 |
Figures:
75
Printed Sensors Market Insights
Global Printed Sensors Market size was valued at USD 95.4 Billion in 2022 and is poised to grow from USD 100.57 Billion in 2023 to USD 147.12 Billion by 2031, growing at a CAGR of 5.4% during the forecast period (2024-2031).
The growth of the printed sensor market is seen as tremendous, with a variety of growth factors influencing its direction. The more and more usage of IoT in many industries helps to push printed sensors as they are flexible, cheap, and scalable. Such sensors perform the function of real time data transmission in real time, providing smart applications in these industries including hospital, vehicle and consumer electronics. Advances in printing technologies and materials have extended the functionality and versatility of the sensors, and which have consequently stimulated innovation and market growth. An ever-increasing interest in energy savings and sustainability leads to the mass implementation of printed sensors in the fields like pollution reduction, renewable energy and smart building. Through the deployment of these sensors, higher precision and affordability could be achieved in the monitoring of environmental variables which are relevant for climate change mitigation and the promotion of sustainability strategies.
The printed technology market happens to be a fast growing one for several reasons, and one can't forget the packaging industry that has experienced a rapid increase in demand. These sensors are of utmost importance in improving the labelling which in turn boosts the sales by drawing the customer’s attention towards new product lines and providing additional product info and authentication facilities. Using these devices in different applications including smart appliances attached directly to the power grid can affect the performance as the size of their components is bigger. To make the sharing of data practical, however, such devices must also be based on flexible, lightweight, and thin materials. The fact that printed sensors hold edge over the traditional ones spells a great future for it over a forecast period.
The players in this industry are moving forward by introducing new technologies, forming strategic partnerships and making entries into new markets. Strategic partnerships among sensor producers, electronic firms, and end-users, the principal actors in introducing innovation and market entry, are skilling the market increase.
Yet, a significant drawback affecting this market is the fragility of the sensors. Due to their thin nature, printed sensors are prone to breakage, posing a notable concern. These sensors contain embedded digital information, raising privacy concerns in the event of theft. Moreover, technical complexities surrounding the selection of suitable materials according to specific requirements, coupled with substantial setup investments, are anticipated to impede the growth of the Printed Sensor Market throughout the forecast period. Meeting the requisite performance standards in real-time applications, such as glucose level monitoring and continuous tissue oxygen monitoring, is expected to present a formidable challenge for the printed sensor market in the coming forecast period.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Printed Biosensor Sensors
Fastest Growth
Printed Image Sensors
Growth Rate
5.4% CAGR
Global Printed Sensors Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Printed Sensors Market By Type ($ Bn)
Global Printed Sensors Market By Type (%)
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Printed Sensors Market Segmental Analysis
The global printed sensors market is by type, application and region. Based on type, the market is segmented into printed biosensor sensors, printed image sensors, printed humidity sensors, printed temperature sensors and printed capacitive sensor. Based on application, the market is segmented into consumer electronics, smart packaging, automotive, environment testing, medical devices, building automation, and industrial equipment. And lastly, based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
Based on type, the market is segmented into printed biosensor sensors, printed image sensors, printed humidity sensors, printed temperature sensors and printed capacitive sensor. The printed biosensors segment is dominating the market and is expected to continue in the coming years, primarily driven by the escalating need for glucose test strips essential for diabetes management. Moreover, the growing demand for point-of-care home-based devices is set to propel the growth of the printed sensor market. Also, the increasing incorporation of biosensors in environmental monitoring and consumer electronics is foreseen to bolster market demand further. The expanding applications of printed biosensors in wearable health devices and personalized medicine solutions are poised to significantly contribute to its market leadership. The advancements in manufacturing techniques and materials are also anticipated to enhance the performance and affordability of printed biosensors
The printed image sensors segment is anticipated to witness rapid growth, mainly driven by the consumer electronics sector. This growth is fuelled by rising demand for digital cameras, camera-equipped smartphones, and tablet PCs. Additionally, printed image sensors find extensive usage in digital X-rays. The market expansion is also expected due to factors such as the increasing integration of biometrics in building automation and smartphones, along with government initiatives aimed at enhancing safety through biometric applications such as e-passports. These trends collectively drive the growth of the printed sensor market.
Analysis by Application
Based on application, the market is segmented into consumer electronics, smart packaging, automotive, environment testing, medical devices, building automation, and industrial equipment. The consumer electronics segment is leading in the printed sensor market. This dominance is due to the widespread integration of printed sensors in various consumer electronic devices such as smartphones, tablets, wearables, and gaming consoles. Printed sensors offer manufacturers the advantage of flexibility, lightweight design, and cost-effectiveness compared to traditional sensor technologies. They are also heavily used in touchscreens, fingerprint sensors, pressure sensors, and other applications to enhance user experience and functionality. The continuous innovation in consumer electronics drives the demand for advanced sensor technologies to enable new features and capabilities in devices. As a result, the consumer electronics segment holds a significant position in the printed sensor market.
Smart packaging segment is fastest growing the printed sensor market. the growth of the printed sensor market is driven by the increasing demand for smart packaging solutions, which eases the manufacturers in effectively monitoring inventory levels. The industry, developing its reliance on printed sensors to assure good the quality, visible, cleanliness, and safety will likely lead the market growth. If we look at the food and beverage area, the growth in the use of printed detectors for humidity, gas, and temperature control of perishable goods is observed. With the sensing elements being embedded into smart packaging solutions, the process of monitoring and following supplies across their supply chain becomes possible for manufacturers. The adoption of smart labels on a large scale worldwide to improve product visibility, sanitary and hygiene standards, quality assurance and safety requirements additionally increase the call for printed sensors.
Global Prinetd Sensors Market By Type, 2022 (%)
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Printed Sensors Market Regional Insights
Based on the geography, the global printed sensors market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific emerges as the dominating and fastest growing region in the global printed sensors market. Asia Pacific is home to some of the world's largest electronics manufacturing hubs, including China, Japan, and South Korea, driving demand for printed sensors in consumer electronics, automotive, and industrial applications. The region also represents its strong ecosystem of research institutions and tech companies focused on innovation in printed electronics and sensor technologies. Moreover, rapid urbanization, increasing disposable incomes, and the rise of IoT devices further fuel market growth in Asia Pacific. Furthermore, supportive government policies, investment incentives, and strategic initiatives aimed at promoting advanced manufacturing and technological innovation contribute to the region's dominance in the printed sensors market.
After Asia Pacific, North America emerges as the fastest-growing region in the global printed sensors market. The region has a mature and highly developed technology environment, with a strong emphasis on innovation and early adoption of emerging technologies. North America consists of numerous leading technology companies, research institutions and startups focused on developing advanced sensor solutions for various industries. Additionally, the high penetration of IoT devices along with increasing investments in smart cities, healthcare modernization and automotive innovations are driving the demand for printed sensors in the region. Moreover, supportive government policies, research grants and collaborations between academia and industry further accelerate market growth.
Global Printed Sensors Market By Region, 2024-2031
- Largest
- Fastest
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Printed Sensors Market Dynamics
Drivers
- Rising Adoption in Automotive Sector
The automotive industry is increasingly incorporating printed sensors into vehicles for various applications such as seat occupancy detection, tire pressure monitoring, and engine performance monitoring. Printed sensors offer lightweight, low-cost solutions compared to traditional sensors, driving their adoption in this sector.
- Rising Focus on Industry 4.0 and Smart Manufacturing
Printed sensors play a crucial role in enabling Industry 4.0 initiatives and smart manufacturing processes by providing real-time data on equipment performance, predictive maintenance, and quality control. Manufacturers are increasingly adopting printed sensor technologies to optimize production processes and reduce downtime.
Restraints
- Limited Sensing Capabilities
Printed sensors may have limitations in terms of sensitivity, accuracy, and response time compared to conventional sensors. These limitations can restrict their suitability for certain high-precision applications, hindering market adoption in industries such as medical diagnostics and aerospace.
- Limited Material Selection
The availability of suitable materials for printing functional sensor elements is limited compared to traditional sensor fabrication techniques. This constraint can restrict the performance, versatility, and functionality of printed sensors, limiting their applicability in diverse applications.
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Printed Sensors Market Competitive Landscape
The global printed sensors market consists of a diverse range of companies ranging from established sensor manufacturers to specialized printing technology firms and emerging startups are competing for market share. Key players in this market often use their expertise in materials science, printing technologies and sensor development to offer innovative solutions tailored to specific applications such as IoT devices, automotive systems, healthcare monitoring, and environmental sensing. Competition is characterized by ongoing R&D efforts aimed at enhancing sensor performance, reducing manufacturing costs, and expanding the range of functionalities. Strategic partnerships, collaborations, and mergers and acquisitions are common strategies employed by companies to strengthen their market position, broaden their product portfolios, and access new markets. Additionally, all the market holders face competition from disruptive technologies, evolving customer preferences, and regulatory changes, driving continuous innovation and differentiation in the dynamic landscape of printed sensors.
Top Player’s Company Profiles
- Thin Film Electronics ASA (Norway)
- KWJ Engineering Inc. (US)
- ISORG SA (France)
- Peratech Holdco Limited (UK)
- GSI Technologies LLC (US)
- Canatu Oy (Finland)
- ISORG SA (France)
- Interlink Electronics Inc. (US)
- Plastic Electronic GmbH (Germany)
- BeBop Sensors Inc. (US)
- ISORG SA (France)
- KWJ Engineering Inc. (US)
- Peratech Holdco Limited (UK)
- Canatu Oy (Finland)
- Interlink Electronics Inc. (US)
- GSI Technologies LLC (US)
- Thin Film Electronics ASA (Norway)
- ISORG SA (France)
- KWJ Engineering Inc. (US)
- BeBop Sensors Inc. (US)
Recent Developments
- In August 2022, FlexEnable announced a strategic partnership with a leading electronics manufacturer to integrate its OTFT materials into next generation display and sensor products. This collaboration aimed to leverage FlexEnable's expertise in flexible organic electronics and the partner's manufacturing capabilities to accelerate the commercialization of flexible displays and sensors for various applications.
- In March 2023, FlexEnable unveiled a breakthrough in flexible sensor technology, showcasing a new generation of ultra-thin and lightweight biometric sensors for wearable devices. The innovation garnered significant attention at industry events and underscored FlexEnable's leadership in flexible electronics and sensor integration.
- In August 2021, Tekscan, Inc launched the newest model in their growing catalog of FlexiForce Standard Force Sensors: ESS102. ESS102 is a high-demand form factor featuring our smallest sensing area diameter of 3.8mm (0.15 in.) matched with our Enhanced Stability Series (ESS) pressure-sensitive ink formulation. This allows the sensor to operate in high-temperature (up to 85°C) and high-humidity (relative humidity of 95%) environments.
Printed Sensors Key Market Trends
- Printed sensors and arrays offer capabilities in the Consumer Electronics that are unavailable in traditional silicon sensor systems. Printed devices tend to allow for more flexible form factors due to their low profiles and bendable substrates. The material cost can also be reduced by combining the sensors with the measurement system on a single substrate.
- Due to the miniaturizations of devices, the compact form factor is preferred in consumer electronics. Printed sensors can solve these issues with their slim design profile and bendable form factor, as well as their extremely fast responses to stimuli.
Printed Sensors Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Printed sensors market analysis, the printed sensors market represents a dynamic and rapidly evolving landscape driven by technological innovation, market demands, and industry dynamics. With the increasing adoption of Internet of Things (IoT) devices across various sectors, coupled with advancements in printing technologies and materials, printed sensors are poised to play a pivotal role in enabling smart applications and addressing emerging challenges. The market is characterized by a mix of established players and innovative startups, all striving to differentiate themselves through technological advancements, strategic partnerships, and market expansion efforts. In the upcoming years, the printed sensors market is expected to witness a sustained growth and innovation as companies continue to invest in research and development, forge strategic alliances, and capitalize on emerging opportunities across diverse industries.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 95.4 Billion |
| Market size value in 2031 | USD 147.12 Billion |
| Growth Rate | 5.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Printed Sensors Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Printed Sensors Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Printed Sensors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Printed Sensors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Printed Sensors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Printed Sensors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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