Global 3D Printed Electronics Market Overview
The key driver impacting the 3D printed electronics market is the rising customer demand for high-performance sensors and customized products with proliferating touch devices and smart displays. Also, the 3d Printing machines help increase the productivity and efficiency of manufacturers of electronic devices, positively impacting the market growth. For example, it increases the production time and minimizes outsourcing costs. Moreover, advancements in Internet of Things Technology contribute to 3D printed electronics market demand in the coming years.
According to Value Market Research, the global 3D printed electronics market size was valued at about USD 138 Mn in 2020 and is estimated to grow at a CAGR of around 45% during the forecast period 2021 to 2027.
The emergence of 3D printing has permitted the creation of in-house prototypes of circuit boards and circuits; dropping the expense, time, and concern about intellectual property violations will likely augment the need for 3D printed electronics in the forecast period. However, the high production cost of 3D printers hampers the market in the long run. In addition, the low production capacity due to the ongoing COVID pandemic is negatively impacting the market growth. Nevertheless, the industry trends, the constantly growing research and development of 3D printing might provide massive market opportunities to the market's key players.
The 3D printed electronics market is widespread, with many local and international players. The market leaders follow diverse strategies to strengthen their market, such as extending product portfolio, acquisitions, contracts, amalgamation, product upgrades to raise their market share globally. The key players in the report are Nano Dimension, The Cubbison Company, Eastpoint Incorporated, Molex, LLC, ISORG SA, Optomec, Inc., Pasternack Enterprises Inc., The Cubbison Company, Novacentrix, The Charles Stark Draper Laboratory, and Enfucell.
Global 3D Printed Electronics Market Share by Region (Representative Graph)
In this research report, the 3D printed electronics market is segmented by type, application, and region.
Analysis by Type:
By type, the report is categorized into antenna, sensor, PCB, MID, and others. The sensor and PCB segment dominates the type segment with the largest market share in 2020. It is because PCB and sensors are majorly used in electronic devices such as wearable devices, computers, and automotive electronics. Moreover, the rapidly rising demand for consumer electronics contributes to the PCB and sensor segment's growth in the forecast period.
Analysis by Application:
By industry, the report is segmented into aerospace & defense, consumer electronics, medical, automotive, telecom, and others. The automotive segment is likely to grow with a heist CAGR of 32% in 2020. It is due to the extensive usage of 3-D printed electronics in the automotive sector. Moreover, technology that enables electronic customization for automotive products contributed to the high adoption of 3D printed electronics in the automotive industry in the coming years.
Analysis by Region:
In the regional outlook of the global 3D printed electronics market, the Asia Pacific region dominates with the largest market share of 32% in 2020. It is due to the increasing applications of 3D printed electronics in various sectors and the presence of major business players designing and producing 3D printed electronics hardware and software in the APAC. Moreover, India and China's rapidly expanding automotive sector and consumer electronics sector are contributing to the tremendous market growth across the Asia Pacific.
Market Segmentation covered in the Report:
By Type
- Antenna
- Sensor
- PCB
- MID
- Others
By Application
- Aerospace & Defence
- Consumer Electronics
- Medical
- Automotive
- Telecom
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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