Amey Godbole
3D Printed Electronics Market (By Product Type (Antennas, Printed Circuit Boards (PCBs), Sensors, and Others (Actuators, Inductors, Mechatronic Integrated Devices (MID), etc.)), By Technology (Aerosol Jet Printing, Inkjet Printing, and Others (Light Beam Sintering (LBS), etc.),By End-use Vertical (Aerospace & Defense, Automotive, Consumer Electronics, Healthcare, Telecom, and Others (Energy & Utility, Education & Research, etc.))) - Growth, Future Prospects and Competitive Landscape, 2018 – 2026”, the global 3D printed electronics market is expected to witness a growth of 27.8% CAGR during the forecast period from 2018 to 2026.
Product Insights
The global 3D printed electronics market is thriving and likely to demonstrate a remarkable growth, expanding at a CAGR of 27.8% during the forecast period from 2018 to 2026. The proliferation of touch devices and smart displays is one of the major factors contributing towards growth of the market. As electronics are getting both more powerful and smaller, electronics manufacturers are finding new avenues to increase their performance. The last decade has witnessed considerable progress and interest in the conception of alternative manufacturing technologies that are driven by the capabilities engendered with digital control. 3D prototyping techniques has evolved to a point that one can envisage applications where high value tailored products are 3D printed into reality in a viable business.
Electronics and parts manufacturers can now benefit from the underlying benefits of 3D printed electronics such as printability on non-flat surfaces, mass customization, material wastage, simplified assembly, reduced product size, the absence of harmful chemicals, and protection from external damage. All of these benefits have made a way for 3D printed electronics to have applications in several end-use verticals, including mobile antennas for telecom, prototypes and sensors for aerospace and defense, transistors and touch screen displays for consumer electronics, and solar cells for energy and utilities. As a result, rising demand for 3D printed electronics from various end-use industries due to its growing advantages is facilitating the market growth worldwide.
Based on the product type, the global 3D printed electronics market was led by antennas in 2017. Recent advancements in 3D printing technology enable antennas to be prototyped and designed faster than conventional manufacturing timescales. The physical size of a 3D printed antenna is relatively small in comparison with the existing designs; therefore, intended to consume less space. Based on technology, aerosol jet printing led the global 3D printed electronics market in 2017 and expected to remain dominant during the forecast period from 2018 – 2026. The technology is currently opening new avenues in the development of products by sweeping out the traditional constraints with respect to substrate shape, material incompatibilities, processing cost, etc. thereby providing higher flexibility. Further, based on end-user vertical, aerospace & defense dominated the 3D printed electronics market and garnered the largest revenue in 2017. The growth of this segment is majorly accredited to widespread use and acceptance of 3D printing technology in the aerospace & defense sector. The demand for new aerospace & defense electronic devices that packs more functionality into minimal space is augmenting the need for advanced manufacturing methods that tightly integrate electronic circuitry with physical packaging. Based on geography, North America held the largest market share for 3D printed electronics market in 2017. The U.S. market dominated the North America 3D printed electronics market in the same year and likely to continue its supremacy in the coming years.
Antennas Exhibits Largest Market Share
The global 3D printed electronics market, based on product type is segmented into antennas, printed circuit boards (PCBs), sensors, and others (actuators, inductors, and mechatronic integrated devices (MID)). Demand for this product majorly driven by the environmental as well as technical benefits coupled with its cost reduction potential. The physical size of a 3D printed antenna is relatively small in comparison with the existing designs, therefore, they are intended to consume less space. 3D printing has allowed researchers to formulate the antenna arrays in their new configuration. A thorough study conducted by the researchers concluded that the design of 3D printed antennas can be useful in the future for creating mobile devices with 5G capabilities and higher.
Aerosol Jet Printing to Continue its Supremacy in the Market
In 2017, based on technology, the global 3D printed electronics market was led by aerosol jet printing. Aerosol jet printing has emerged as one of the promising technology for microscale digital 3D printing using functional nanomaterial inks. Electronic products such as antennas, printed circuit boards (PCBs), sensors, etc. can be printed with the use of aerosol jet printing. The technology is currently opening new avenues in the development of products by sweeping out the traditional constraints with respect to substrate shape, material incompatibilities, processing cost, etc. thereby providing higher flexibility.
Aerospace & Defense Garnered Largest Market Share in 2017
In 2017, based on end-user vertical, the global 3D printed electronics market was led by aerospace & defense vertical. The aerospace & defense industry is amongst the early adopters of 3D printing technology. The history of 3D printing goes back to 1983 with some of the aerospace & defense companies beginning the experimentation with the technology as early as in 1988. The demand for new aerospace & defense electronic devices that packs more functionality into minimal space is augmenting the need for advanced manufacturing methods that tightly integrate electronic circuitry with physical packaging. The exceptional ability of printing electronics directly onto the 3D surfaces makes 3D printing an ideal solution for reducing both the weight and size of the device.
North America Dominates the 3D Printed Electronics Market Globally
3D printed electronics technology gaining massive preference over the traditional manufacturing methods due to its high efficacy and precision. The 3D printed electronics market, based on geography was led by North America in 2017. The growth of this region is mainly attributed to the increasing adoption of 3D printing technology in several end-use verticals especially in the aerospace & defense industry. The U.S. market dominated the North American market in 2017 and projected to remain dominant in the coming years. Europe accounted for the second largest 3D printed electronics market in 2017. Asia Pacific projected to emerge as the fastest growing region during the forecast period from 2018 to 2026. Increasing use of consumer electronic devices including wearable devices, smartphones, drones, etc. expected to grow at a higher growth rate in the near future. Developing consumer electronics industry projected to augment the growth prospects of 3D printed electronics market in the Asia Pacific region.
Competitive Insights:
Major players in the 3D printed electronics market include Nano Dimension Ltd., Molex LLC, Xerox Corporation, Novacentrix, Optomec Inc., NeoTech AMT GmbH, Volex8, Inc., Beta Layout GmbH, Draper, and EoPlex, Inc. among others. The market players are focusing on strengthening their product portfolio with the adoption of strategies including new product developments, partnerships, etc. in order to gain a competitive edge over other players.
Amey Godbole (Editor)
Amey Godbole is a Senior Research Analyst working with Credence Research since its inception. He has an experience of market research in the fields of E-commerce, Information Technology (IT) Services & Solutions and Electronics segments. Amey has completed B.E. with specialization in Electronics & Telecommunication from University of Mumbai and MBA in Marketing.
Contact:
Email: Amey@industrynewsupdate.com
Mo. No. 919719670423
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