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(Chicago.CityRegions.Com, March 10, 2017 ) According to the new market research report "Roll-to-Roll Printing Market for Flexible Devices by Material & Equipment, Technology (Flexography, Screen Printing), Application (Flexible Electronics, Photovoltaics), End User (Consumer Electronics, Industrial), & Geography - Global Forecast to 2022", the roll-to-roll printing market for flexible devices is expected to grow from USD 16.31 Billion in 2015 to reach USD 35.79 Billion by 2022, at a CAGR of 11.04% between 2016 and 2022. The roll-to-roll printing market for flexible devices is expected to grow substantially because of the advantages of using flexible devices in the electronics industry, the high speed of fabrication using roll-to-roll printing, and the fast-growing market for flexible screens.
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The market for inkjet printing expected to grow at the highest rate during the forecast period
Inkjet is expected to dominate the market in the future owing to the benefits it offers such as non-contact printing, increased scalability, and potential to meet the rising market demand for customized flexible electronics solutions. Inkjet printing also facilitates the small feature size with less weight and is suitable for applications such as manufacturing flexible devices such as photovoltaics and sensors. Its features such as drop-on-demand and continuous printing, speed of execution, and compatibility with both low- and medium- scale production are further expected to add to the growth of the inkjet printing market in the near future.
Application in flexible electronics held the largest share of the roll-to-roll printing market for flexible devices in 2015
Flexible electronics have a huge demand from consumer electronics, commercial, and industrial sectors, which is further expected to significantly grow in the near future as well. To achieve large-scale commercialization, a number of R&D activities are already being undertaken in the field of flexible electronics and products prototypes are being designed for the final product development, which are the key drivers for the growth of the flexible electronics market in the near future.
North America held the largest market share in 2015
The North America held the largest market in 2015, followed by Europe and Asia-Pacific. The U.S. held the largest share of the North American roll-to-roll printing market for flexible devices owing to the continuous technological development in the U.S., followed by Canada and Mexico. Asia-Pacific offers potential growth opportunities owing to the increasing adoption of roll-to-roll printing method for flexible devices.
Major players in this market include Konica Minolta Inc. (Japan), Sumitomo Electric Industries Inc. (Japan), GSI Technologies LLC (U.S.), 3M Company (U.S.), LG Display Co., Ltd. (South Korea), Thinfilm (Norway), Linxens (France), Multek Corporation (China), E Ink Holdings, Inc. (China), Fujikura Ltd. (Japan), and Nippon Mektron Ltd. (Japan).