Wilmington, Delaware, United States, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global automotive printed electronics market is estimated to flourish at a CAGR of 14.9% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for automotive printed electronics is estimated to reach US$ 115.2 billion by the end of 2031.
The demand for effective Electromagnetic Interference (EMI) shielding solutions is growing. Automotive printed electronics offer unique possibilities for designing and implementing efficient EMI shielding, ensuring the reliability of electronic systems in vehicles.
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Printed electronics play a pivotal role in advanced energy harvesting solutions within vehicles. Harnessing energy from various sources, such as vibrations and heat, printed electronics contribute to enhancing the overall energy efficiency of automotive systems.
The integration of 3D printing technologies with printed electronics is an innovative driver. This synergy allows for the creation of intricate and customized electronic components, facilitating design flexibility and efficient manufacturing processes.
Automotive Printed Electronics Market: Competitive Landscape
In the highly competitive automotive printed electronics market, key players like Thin Film Electronics, Nippon Mektron, and E Ink Holdings lead the innovation frontier.
These companies specialize in flexible electronics, touchscreens, and smart surfaces for automotive applications. Robust partnerships, strategic collaborations, and a focus on research and development characterize the competitive landscape.
As the demand for advanced automotive electronics rises, emerging players such as Canatu and T-Ink contribute to the competition, introducing novel solutions and reinforcing the market's dynamism.
The quest for lightweight, energy-efficient, and integrated electronic solutions propels the competitive spirit, fostering continuous advancements in automotive printed electronics. Some prominent manufacturers are as follows:
- Brückner Maschinenbau GmbH & Co. KG
- Cicor Group
- Henkel AG & Co. KGaA
- Jabil Inc.
- Komura-Tech Co. Ltd.
- Molex LLC
- Nissha Co. Ltd.
- Optomec Inc.
- Tritek Micro Controls Pvt. Ltd.
- Witte Technology GmbH
- DuraTech Industries
- Heidelberger Druckmaschinen AG
- Ynvisible Interactive Inc.
- InkTec Co. Ltd.
Key Findings of the Market Report
- In the automotive printed electronics market, inkjet printing technology leads, offering precision and versatility for applications such as displays and sensors.
- Organic materials, including polymers, lead the automotive printed electronics market, offering flexibility and adaptability for advanced in-vehicle displays and electronic components.
- Passenger vehicles lead the automotive printed electronics market, driving innovations in in-vehicle displays, sensors, and electronic components for enhanced user experiences.
Automotive Printed Electronics Market Growth Drivers & Trends
- Growing demand for advanced in-vehicle displays and smart surfaces fuels the adoption of automotive printed electronics, enhancing user experience and functionality.
- Printed electronics contribute to lightweighting efforts in the automotive industry, addressing the need for energy-efficient and eco-friendly solutions.
- The rise of electric and autonomous vehicles drives the integration of printed electronics for advanced sensors, touchscreens, and control systems, fostering market growth.
- European and global trends emphasize sustainable practices, propelling the adoption of eco-friendly printed electronics in automotive applications, aligning with environmental consciousness.
- Asia Pacific's dominance in electronics manufacturing accelerates the automotive printed electronics market, with key players in Japan, China, and South Korea leading innovation and production.
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Global Automotive Printed Electronics Market: Regional Profile
- Leading the charge in technological advancements, North America is a hotspot for automotive printed electronics. The region's strong automotive industry and strategic collaborations between key players, like Xerox Corporation and Ynvisible Interactive, drive innovation.
- The demand for advanced in-vehicle displays, smart surfaces, and printed sensors fuels the market's expansion. Robust research and development initiatives and a focus on electric and autonomous vehicles further solidify North America's prominence in shaping the automotive printed electronics landscape.
- Europe follows suit, leveraging its automotive expertise and commitment to sustainability. Companies such as PolyIC and TactoTek are at the forefront of developing printed electronics solutions for European automakers. The region emphasizes integrating electronics for lightweighting and energy efficiency, aligning with the broader industry trends. Favorable regulations and a burgeoning electric vehicle market contribute to the growth of automotive printed electronics in Europe.
- Asia Pacific emerges as a powerhouse, driven by the region's dominance in electronics manufacturing. Japan, China, and South Korea are key players with companies like T-Ink and LG Display making significant strides.
- The demand for advanced infotainment systems, flexible displays, and printed sensors in the booming automotive markets of Asia Pacific propels the market forward. The region's agility in adopting new technologies positions it as a key influencer in shaping the global automotive printed electronics landscape.
Product Portfolio
- Molex LLC innovates connectivity solutions for diverse industries. Their product portfolio includes advanced electronic solutions, connectors, and cables, facilitating seamless communication and power transmission in automotive, healthcare, and consumer electronics.
- Nissha Co. Ltd. excels in precision printing and electronic components. Their portfolio encompasses cutting-edge technology, providing solutions in automotive displays, medical devices, and consumer electronics, ensuring quality and innovation.
Automotive Printed Electronics Market: Key Segments
By Technology
- Flexography
- Inkjet Printing
- Screen Printing
- Offset Printing
- Others (Gravure Printing, Aerosol Jet Printing, etc.)
By Material
- Substrates
- Organic Materials
- Polymers
- Papers
- Fabrics
- Inorganic Materials
- Silicon
- Glass
- Metals
- Inks
- Conductive Inks
- Dielectric Inks
- Semi-conductive Inks
By Vehicle Type
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Duty Trucks
- Bus and Coach
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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