Future Market Insights
Global Printed Sensor Market: Snapshot
There is a new breed of sensor that is currently trending in the market. These sensors are directly printed over a flexible plastic substrate. Though they are not a novelty, their cost-efficiency, swift production, and high profit margin are driving demand in the market.
Usually manufacturing sensors is quite expensive. It involves multiple layers of materials that are to be encapsulated in a small space with multiple interconnects. It is here that printed sensors come in handy as every component of the sensor can be printed with the same substrate making production simple and cost efficient. The techniques for building these devices are selected on the basis of properties, resolutions, and conductivity of the substrates.
What are the Major Drivers of Global Printed Sensors Market?
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. 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.
Printed Sensors Market: Market Segmentation
Global Printed Sensors Market can be divided into the following segments - based on printing technology and product types
Segmentation on basis of Printing Technology for Printed Sensors Market:
The major segments of printed sensors market on basis of printing techniques include:
Segmentation on basis of Product Type forPrinted Sensors Market:
The major segments of printed sensors market on basis of product type include:
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.
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
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