Printed and Flexible Sensors Market size is estimated at USD 10.6 billion in 2024 and is set to reach USD 29.5 billion by the end of 2037, witnessing around 8.2% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of printed and flexible sensors is assessed at USD 11.4 billion.
The flexible and printed electronics market continues to showcase steady growth attributed to its widespread applications and new technological approaches in product manufacturing. They offer vital energy and resource optimization along the value chain. Simple production processes, novel form factors such as stretchable, ultra-thin, flexible product range, and inexpensive mass production have facilitated the development of a new class of highly integrated digital and analog electronics, with promising applications in packaging, consumer electronics, and pharmaceuticals. In the consumer electronics segment, the printed and flexible sensors market has a key use case in smartphones, laptops, and tablets. World Economic Forum stated that in 2022, there were more than 8.58 billion active mobile subscribers globally, out of a total population of 7.95 billion. Electronic device innovations and technological breakthroughs will soon be upending customer demand and preference.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
8.2% |
Base Year Market Size (2024) |
USD 10.6 billion |
Forecast Year Market Size (2037) |
USD 29.5 billion |
Regional Scope |
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Printing Technology (Flexographic, Screen, Inkjet)
Inkjet segment is expected to capture around 50.3% printed and flexible sensors market share by the end of 2037. The segment growth can be attributed to the growing advancements in inkjet printing and a surge in demand across various industries. For instance, in July 2024, Hi-Print and Ventec Giga Solutions, the value-added PCB equipment business of Ventec, collaborated to introduce the most advanced inkjet printer for solder mask technology in the printed and flexible sensors market. The Hi-Print SD11 Inkjet printer, with its first-ever fully adjustable three-color ink supply system and up to ten cutting-edge printheads, is a versatile, scalable, modular, and reconfigurable system made for PCB fabrication that will not go out of demand. Furthermore, inkjet printing offers various benefits- it can produce intricate patterns, works well with numerous materials, and has a high resolution.
Type (Touch Sensor, Biosensor, Temperature Sensor, Image Sensor)
The biosensors segment in flexible sensors market is poised to garner a notable share during the forecast period. The segment growth can be attributed to the burgeoning demand for glucose test strips for diabetes monitoring. Nowadays, diabetes is among the most prevalent illnesses worldwide. The government has been compelled to take various measures to manage the disease due to its concerning rate of rise. For instance, in the U.S., key DPP elements, such as changing one's diet and increasing physical activity, are used by the CDC's National Diabetes Prevention Program to stop or postpone the onset of type 2 diabetes. The program can reduce a person's risk of type 2 diabetes by 58% (or 71% if they are over 60).
Our in-depth analysis of the global printed and flexible sensors market includes the following segments:
Printing Technology |
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Type |
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Application |
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APAC Market Statistics
Asia Pacific printed and flexible sensors market is poised to hold revenue share of over 34.8% by the end of 2037. The market growth in the region is expected on account of the presence of key players and growing technological advancements. Additionally, the increasing use of printed electronics technology in consumer electronics, automotive, and medical fields, as well as the expansion of small and medium-sized electronic enterprises in the region are stimulating printed and flexible sensors market growth.
China is a leading player in the Internet of Things (IoT) business and is the largest consumer electronics market globally. According to the Shanghai Municipal People’s Government consumer electronics market witnessed a 4% increase in total retail sales in 2023, reaching USD 305 billion. By 2024, the growth rate is likely to reach 5%. Therefore, the incorporation of these sensors into wearables, tablets, smartphones, smart home appliances, and other consumer electronics products is driving the printed and flexible sensors market.
India is known for its digitalization and automation which has increased the adoption of printed and flexible sensors in automotive and healthcare industries. According to Invest India, as of October 2023, there were over 888 million broadband customers in India.
In South Korea, a rise in technological developments and research and development (R&D) is boosting the printed and flexible sensors market growth. The medical and automotive industries are witnessing an upsurge in the use of printed and flexible sensor technologies, which is driving the market.
North America Market Analysis
The printed and flexible sensors market in North America is poised to hold a notable share in 2037. The market is growing in the region owing to the robust demand for wearable medical technology, medical patches, and remote patient monitoring in addition to an established healthcare infrastructure. According to the Health Information National Trends Survey, approximately 30% of Americans track their fitness and health using wearable technology, including bands or smartwatches.
In the U.S., the printed and flexible sensors market is expanding due to factors such as the growing use of wearable technology, IoT applications, healthcare monitoring systems, and automotive improvements. For instance, approximately 54 million Americans over 65 were living in 2021. By 2050, this figure is anticipated to rise to 85.7 million, which will consequently increase the demand for healthcare monitoring systems in the region. Also, the region's early acceptance of emerging technologies and significant emphasis on technological innovation and support printed and flexible sensors market expansion. In Canada, technological innovations including improved printing capabilities, and efficient and enhanced data sensing capabilities, will present several growth prospects for the industry.
The global printed and flexible sensors market is very competitive, providing both fresh startup companies and well-established manufacturers with opportunities. Rapid changes in consumer preferences and the speed at which technology is developing across a range of industries have given market participants a fantastic opportunity to seize as much of a foothold as possible.
Author Credits: Abhishek Verma
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