Market Trends of Printed Sensor Industry
This section covers the major market trends shaping the Printed Sensor Market according to our research experts:
Consumer Electronics is Expected to Hold Major Market Share
- 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.
- New form factors such as flexible displays, batteries and solar allow consumer electronics companies to differentiate their products compared to the usual rigid box design of electronics.
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Asia-Pacific is Expected to Hold Largest Market Share
Asia-Pacific is the next frontier for printed or flexible electronics. Owing to this, the region is witnessing a rise in the investments from foreign companies. Thin Film Electronics ASA, located in the United States, has recently signed a distribution agreement with a Chinese company, CymMetrik.
The agreements aim toward the expansion of sales, particularly in China, Taiwan, India, and other Asia-Pacific nations. The printed electronics technology is experiencing a heavy demand in the continent, owing to the increasing consumer electronics manufacturing practices and thus, is expected to gain considerable traction over the estimated time.
Further, in the case of the consumer electronics sector, the region is experiencing shifting tides that are reflected in the leaders' market share. Samsung and Apple held a combined 36.3% in 2017, down from nearly 50% just five years earlier.
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