Global Printed and Flexible Sensors Market to Rise to US$8 Billion by 2025
Albany, NY (PRWEB) February 09, 2015 -- The report states that the global printed and flexible sensors market will be worth nearly US$8 billion by 2025. The in-depth analysis of the market in the report eases the process of understanding the overall printed and flexible sensors market, at various technological, application-wise, and product-wise levels. The report forms its forecast on a 10-year time-frame for a variety of printed sensors. The data in the report is gathered at the level of sensor modules, thus avoiding the common issues of including revenue forecasts for other components and services such as system integration.
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The report states that sensors are playing a highly important role in the field of printed electronics. The technique of incorporating printing to print electronics is not new for the sensors industry. In fact, there are some varieties of sensors that have always been printed.
The report contains a detailed account of factors such as market sizes, revenue forecast, CAGR, and printed area for a variety of popular sensor types in the market. These include biosensors, piezoresistive sensors, photodetectors, capacitive sensors, humidity sensors, gas sensors, temperature sensors, and piezoelectric sensors.
The market is currently dominated by blood glucose sensors, a type of biosensors used in the treatment of diabetes. The disposable and convenient nature of blood glucose sensors make them suitable for diabetics as self-diagnosis devices. Printed blood glucose sensors currently help the overall printed sensors market generate revenue worth nearly US$6 billion every year. The market for these printed sensors is well-established but these devices are also highly commoditized in the market, leading to low growth prospects in the future. However, continuous research activities in the market are leading to the introduction of a variety of printed biosensors for medical and fitness applications.
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Market segments such as gas sensors, temperature sensors, and photodetectors are increasingly being transferred from the phase of R&D into mass production. Future growth prospects of these market segments are highly positive. However, despite achieving the fastest growth during the forecast period, market size (revenue-wise) of the segment of printed humidity sensors will be much smaller than other market segments.
The report states that the market also features many sensors that are in-part manufactured by the process of screen printing. In such ‘partially printed’ sensors, the transducer is printed from a ceramic or a polymeric material. For the past years, technological advancements in the field of printed electronics have enabled the introduction of fully printed sensors. The comparatively simple structure of sensors than logic circuits or displays makes the learning curve in their manufacturing process less steep than many other printed electronic devices. In most cases, printed sensors can be made through the use of substrates or plastics, offering advantages such as light weight, thinness, and mechanical flexibility.
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The report also contains a detailed study of some of the chief market players, including Arizona State University (ASU), USA, DropSens, Spain, GSI Technologies, USA, KWJ Engineering, USA, NikkoIA SAS, France, Peratech, UK, Plastic Electronic GmbH, Austria, Sensitronics, USA, Tekscan, USA, PolyIC, Germany, T-Ink, USA, Piezotech (Arkema group), France, ISORG, France, Meggitt A/S, Denmark, Thin Film Electronics, Norway, Vista Medical, Canada, among others.
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