Roll-to-Roll Printed Flexible Electronics Market to Be Worth $18.3 Billion by 2025

https://cdn.pcbdirectory.com/uploads/R2RPCBwall_637190863685312821.jpg712370

According to a new market research report published by ResearchAndMarkets, the global roll-to-roll (R2R) printed flexible electronics market is estimated to be valued at USD 7.2 billion in 2020 and is projected to reach USD 18.3 billion by 2025, growing at a CAGR of 20.5% between the period.

Some of the key factors driving the growth of this market include, development of compact and lightweight electronic devices and circuits using roll-to-roll (R2R) printing; rise in global demand for energy-efficient, thin, and flexible roll-to-roll (R2R) printed consumer electronics; significant cost advantages offered by roll-to-roll (R2R) printing used for manufacturing electronic components and devices, and increased use of flexible electronics in healthcare applications.

Roll-To-Roll (R2R) Printed Flexible Electronics Market for Screen Printing Technology Expected to Hold the Largest Share

Roll-to-roll (R2R) printed flexible electronics market for screen printing technology expected to hold the largest share during the forecast period. The growth of the screen printing segment of the market can be attributed to the increased use of screen printing technology for manufacturing displays and sensors. Screen printing is the most commonly used printing technology for the development of smartphone and laptop displays; sensors; and PV cells; among others, which require precise thin and thick printed lines on substrates.

Aerospace & Defense Segment of the R2R Printed Flexible Electronics Market Projected to Grow at the Highest CAGR

The aerospace & defense segment of the R2R printed flexible electronics market is projected to grow at the highest CAGR during the forecast period. Printed electronics are largely being adopted in the aerospace & defense industry owing to their lightweight, less complexity, and high reliability, which ultimately results in their low maintenance requirements. Moreover, R2R printed electronics technology reduces wiring in different systems used in aircraft that include in-flight entertainment systems and aircraft structural health monitoring systems.

APAC is Estimated to Account for the Largest Share of the Overall Roll-To-Roll (R2R) Printed Flexible Electronics Market

Countries such as China, Japan, South Korea, and Australia are major contributors to the growth of the R2R printed flexible electronics market in APAC. Factors such as the adoption of innovative technologies and the increased popularity of advanced consumer electronics are driving the growth of the R2R printed flexible electronics market in this region. APAC is a manufacturing hub for electronic devices and components. The growth of the R2R printed flexible electronics market in APAC can be attributed to the large-scale production of electronic components and increased investments in R&D activities related to printed electronics in the region.

Click here to read the full report.