Printed Sensors Industry Business Development Analysis and Future Challenges by 2024

The demand for printed sensors is rapidly growing with growth in the smart packaging industry. These devices enhance packaging in terms of drawing consumer attention and providing additional information & authentication on the product.

This is expected to bolster printed sensors market growth. IoT and touch-enabled electronic devices are expected to provide viable growth opportunities for the industry. In many applications including connected smart appliances, the performance gets affected due to the size of embedded components. These devices require flexible, lightweight, and thin components for efficient data exchange. Owing to its advantages over conventional sensors, printed sensors market is expected to grow significantly during the forecast period.

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Technical complications in selecting the right materials with respect to the requirements and high setup investment are expected to restrain the printed sensors market growth during the forecast period. Meeting the required level of performance in real-time applications, such as glucose level monitoring and continuous tissue oxygen monitoring, is expected to challenge the printed sensors market during the forecast period.

The printed sensors market is segmented on the basis of type, application, and printing technology. Based on the type, these devices are segmented as printed biosensor, touch sensor, humidity sensor, gas sensor, temperature, proximity, image, and pressure sensors. Printed biosensors segment is projected to lead the market owing to the growing demand for glucose test strips for diabetes monitoring. Furthermore, the rising demand for point-of-care home-based devices is anticipated to drive printed sensors market growth. The growing integration of biosensors in environmental monitoring and consumer electronics is expected to further boost the market demand.

Based on the printing technology used, the printed sensors market is segmented as inkjet printing, gravure printing, flexography, and screen printing. Sheet-based technologies, such as inkjet and screen printing, are suitable for high precision and low volumes. Gravure and flexographic printing are widely used for high-volume production such as solar cells. Gravure printing is used in quality-sensitive layers such as dielectric interfaces in transistors and organic semiconductors. Flexographic printing technology is mainly used for inorganic conductors.

These devices find applications in various end-use industries including automotive, environment testing, consumer electronics, medical devices, smart packaging, building automation, and industrial equipment. The demand from smart packaging is expected to grow at a high rate owing to its ability to enable manufacturers to keep track of inventory. The growing adoption of printed sensors in this industry to enhance quality, visibility, hygiene, and safety of the product is anticipated to enhance printed sensors market growth. Printed sensors are increasingly used in the food and beverage industry to monitor temperature, gas, and humidity of sensitive products.

Europe is expected to hold the largest printed sensors market share and dominate the market during the forecast period owing to an increase in funding by the European Union. This encourages the collaboration of academic institutions with industry by funding innovative projects. Some of the projects funded by the European Union include roll-to-roll paper sensors, smart integrated miniaturized sensors, 3PLAST project, and FlexSmell project.

Asia Pacific printed sensors market is expected to grow at a fast rate owing to the rapid industrialization in the region. The presence of several leading consumer electronics manufacturers, such as Samsung SDI Co., Sony Corp., and Huawei Technologies Co., is anticipated to drive growth. Furthermore, the growth in the production of commercial and non-commercial vehicles with touch infotainment and driver assistance systems is expected to fuel printed sensors market growth in the region during the forecast period.

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Some of the key printed sensors market players include Interlink Electronics, Inc., Tekscan, Inc., Thin Film Electronics ASA, PST Sensors, ISORG, PolyIC GmbH & Co., KG, Peratech Holdco Ltd., MC10, Inc., KWJ Engineering Inc., Canatu Oy, and GSI Technologies. These major market players are involved in strategies, such as acquisitions, new product launches, and partnerships, to expand their reach in the market. For instance, Thin Film Electronics ASA signed a distribution agreement with CymMetrik, China. This agreement focuses on sales expansion in India, China, and Taiwan. The printed sensors market ecosystem comprises raw material vendors, manufacturers, and end users. Some of the raw material vendors include T+ink, Inc., FlexEnable Ltd., Palo Alto Research Center, Inc., Brewer Science, Inc., and DuPont.

This latest Printed Sensors Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the printed sensors industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

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