The global 3D printed electronics market was valued at US$ 137.1Mn in 2017 and is expected to expand at a CAGR of 44.46% from 2018 to 2026, reaching US$ 3,915.0 Mn by the end of the forecast period.
Increasing adoption of 3D printed electronics due to the advantages associated with it
One of the prominent reasons for the growth of the 3D printed electronics market is the advantages associated with 3D printed electronic products. By 3D printing the electronics, it is possible to produce miniature electronic components in applications where space is a constraint. The method of 3D printing enables the user to produce electronic components which are light weight, enable high performance, and facilitate more streamlined design. Furthermore, electronic components such as sensors and antennas can be directly printed on the 3D surfaces which eliminate the need of circuitry. Thus, due to the above advantages, an increasing number of industries are resorting to 3D printed electronics components.
Promotion of 3D printed electronics by key players is a prevalent trend across regions
A key trend prevalent in the 3D printed electronics market is the increasing participation of leading players in various exhibitions and conferences with an aim to promote their 3D printed electronic products. For instance in May 2018, Enfucell, a printed power source provider, participated in the 9th International Conference on Flexible and Printed Electronics, which is among the prominent conferences involving printed and flexible electronics.
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Companies are working on enhancing their manufacturing capabilities in order to produce new and upgraded 3D electronic products. For instance, in August 2017, Draper, a not-for-profit research and development company, tackled the challenges of material-material interaction in multilayer 3D printing of electronics. The company’s researchers equipped a 3D printer with conductive metal-based multi-material ink which would act as sprayable electronics for PCBs and other electronic components and designed a multilayer system-on-chip microprocessor.
Key players in the market focusing on regional expansion to expand their global footprint and gain competitive edge
Key players are focusing on the introduction and development of new products into the market to gain a competitive edge and improve brand positioning in the 3D printed electronics market. The key players profiled in the global 3D printed electronics market include Nano Dimension, Eastprint Incorporated, The Cubbison Company, Draper, Molex, LLC, Enfucell, GSI Technologies, LLC, ISORG SA, and KWJ Engineering Inc.