The worldwide printed sensors market is guage to be evaluated at US$ 151.2 Billion by 2032, up from US$ 91.8 Billion out of 2022. The printed sensors piece of the pie is projected to observe a CAGR of 5.1% during the estimate time frame.
Printed sensors, as a market has gained power in recent times due to its applications in various sectors such as healthcare, automobiles, aviation, customer electronics and environmental monitoring, facilitating the availability of printed sensors in various verticals.
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Printed sensors have their major applications in the healthcare sector, for instance, disposable blood glucose sensors are widely used for diabetics monitoring. Printed sensors are eco-friendly in nature and has an ability to fit on to various small shaped electronic devices.
Printed sensors eliminates the use of silicon and metal oxides, instead, with the help of innovative printing technologies, printed sensors are manufactured over various flexible substrates such as paper, plastics or foils.
Printed Sensors Market: Drivers and Restraints
Introduction of printed sensors in wearable medical devices has governed portability to the product and henceforth, has resulted into an increased adoption of wearable printed sensors in medical sector.
The primary driver for the printed sensors market isthe decline of prices, as its compatibility with diversified application areas such as packaging and consumer electronics etc. to leverage printed sensor technology at lower costs.
Moreover, the increasing demand of printed electronic devices corresponds to the growth of the printed sensors market, as well. Printed sensors, being eco-friendly, ensures safety and causes no harm to the health of an individual, result into the growth of printed sensors market.
The complex manufacturing process of printed sensors acts as a major restraint for the small and medium sized companies with limited research and development capabilities. In addition to this, one of the challenge for printed sensors market is of it being still in the development stage.
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Global Printed Sensors Key Players
Some of the major printed sensors global players include Interlink Electronics, Inc., Thinfilm, KWJ Engineering, Peratech Holdco Limited, ISORG, Integrated Device Technology, Inc., Tekscan, Inc., FUJIFILM Holdings America Corporation, GSI Technologies, LLC, PST sensors
Global Printed Sensors Market Technology Trends
Integrating printed sensors technology with IoT technology and the introduction of wearable printed sensors are some of the recent trend in the printed sensors market, resulting in its increased adoption and applications in various sectors.
Global Printed Sensors Market Technology Regional Overview
Europe dominates the global printed sensors market due to the support provided by its government for the manufacturing of printed sensors. APAC follows Europe and expects growth in the forecast period with the advancements in technology, in the global printed sensors market.
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Key Segments in the Printed Sensors Market
By Type:
- Printed Biosensor
- Printed Touch Sensor
- Printed Gas Sensor
- Printed Humidity Sensor
- Printed Image Sensor
- Printed Pressure Sensor
- Printed Temperature Sensor
- Printed Proximity Sensor
By Printing Technology:
- Gravure Printing
- Inkjet Printing
- Screen Printing
- Flexography
- Others
By Application:
- Industrial
- Automotive
- Consumer Electronics
- Smartphones
- Wearable Devices
- Others
- Environmental Testing
- Industrial Equipment
- Medical Devices
- Building Automation
- Smart Packaging
- Others
By Region:
- North America
- Latin America
- MEA
- Europe
- Asia Pacific
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