(PRWEB) May 09, 2014
The report "Functional Printing Market by Materials (Substrate, Inks), Technology, Application, & Geography 2013 - 2020" by MarketsandMarkets claims that the industry is expected to grow at a CAGR of 22.08% from 2013 to 2020.
Browse more than 81 Market Data Tables with 63 Figures spread through 321 Pages and in-depth TOC on "Functional Printing Market".
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The demand for the new variety of low cost electronic products, made possible by a range of printing techniques and materials, is increasing through 'functional printing', across the geographies.
Conventional printing techniques like inkjet, screen, flexography, gravure, etc. have been modified to carry out printing on a range of substrates using the functional inks. Currently, the screen printing technique dominates the functional printing market due to it high reliability. It is mainly used in the production of RFID antennas and sensors. The functional printing market is growing as a result of the enormous opportunities and is being employed to produce RFID chips, OLED displays, sensors, and such other products.
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There are lot of materials being developed as substrates and inks for printed products which are the key to producing robust and reliable electronics. Also, increasing demand for RFID tags, displays, and biosensors is further driving the market for functional printing. The existing printing technology is not specially designed for functional printing purpose. However, now the firms in this industry are coming up with specially designed printing technologies for printing electronics.
The functional printing market is segmented into five categories which include materials, technology, coating, application, and geography. This report divides the overall market into four major geographical segments, namely, North America, Europe, APAC, and ROW. North America contributes more when compared to the other segments. The manufacturers of the functional printing equipment and suppliers of materials are mainly from North America. As far as the APAC region is concerned, most of the demand comes from China.
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