Printed and Flexible Sensors Market Share

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.