Functional Printing Market Regulations and Competitive Landscape Outlook to 2025
Functional printing is a process of bringing functionality into 2D and 3D silicon based components. It is printing of different electronic components using substrates and ink. The some of the most commonly used printing techniques are screen, flexography and inkjet which are being employed to print on various substrates like glass, paper, paper etc. using dielectric inks, conductive copper and silver inks and grapheme inks. The increasing demand for low cost volume production of electronic components and rising concern towards environmental sustainability issues has boosted the growth of Global Functional printing market.
Functional Printing is used for mass production of electronic devices such as light crystal display (LCD), Radio-frequency identification (RFID) chips, sensors, photovoltaic and organic light emitting diode (OLED).The use of functional printing for production of electronics is not only cost effective and environmentally safe but also provide scope for creating graphical visual effects like electro chromic effect, electroluminescent effect and electroluminescent effects. Functional printing offers increased durability, efficiency and reliability to the electronic components as compared to conventional process of production. On other hand existing functional printing technologies are still immature in terms of its application in development and production of electronic objects. It act as a both opportunity as well as challenge for market players to develop functional printing specifically designed for printed electronics.
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On the basis of materials, Global Functional Printing market is segmented into – substrate and ink. Further substrate is categorized into– glass, polyethylene naphthalene (PEN), plastic, gallium nitride (GAN), paper, polyethylene terephthalate (PET), silicon carbide and ink is categorized into- dielectric inks, conductive copper, silver inks and grapheme inks.
On the basis of technology, Global Functional Printing market is segmented into – screen printing, flexography printing, gravure printing, micro-contact printing, offset printing and inkjet printing.
On the basis of coating, Global Functional Printing market is categorized into – Conformal coating and conductive coating.
On the basis of Application, Global Functional Printing market is categorized into – light crystal display (LCD), Radio-frequency identification (RFID) chips, sensors, photovoltaic, organic light emitting diode (OLED), lighting, batteries and displays.
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The North America is the biggest functional printing market as most of the functional printing equipment & material manufacturers are from this region. There is need for technical developments and interdisciplinary efforts to fuel more innovative business opportunities along with core functional printing business to support rapid growth in functional printing market.
The basic factors that drive the growth of global functional printing market is increasing demand of low cost, reliable and robust electronic devices such as RFID antennas and sensors all over the world. The development of new types of substrate materials and inks has further boosted the global functional printing market. The functional printing market is also driven by benefits that it offers such as less material wastage and low power consumption, which ultimately an effort to reduce negative environment impact by electronics industry. On other side, functional printing is not specifically designed for production of electronic components, which is a factor that surpasses the growth of functional printing market.
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Global Functional Printing Market: Key Players
Some of the top players in global Functional Printing market include – Avery Dennison Corporation (U.S.), Blue Spark Technologies (U.S.), Blue Spark Technologies (U.S.), BASF SE (Germany), Mark Andy, Inc. (U.S.), Xennia Technology (U.K.), Novaled AG (Germany), Xaar PLC (U.K.), Palo Alto Research Center Incorporated (PARC) (U.S.) and E Ink Holdings, Inc (Taiwan).