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The Functional/Graphical Printing Market size is estimated to reach more than US$45.8 billion by 2027, after growing at a CAGR of 18.6% during the forecast period 2022-2027. The
use of the Functional/Graphical Printing Market in electrical & electronics
has increased significantly. Functional printing is a method of
forwarding functionality in silicon components with two-dimensional printing
and three-dimensional printing. One of the major factors driving the adoption
of functional/ graphical printing is the increasing demand for a variety of
low-cost printing techniques and printing materials in electronic commodities
and transportation. According to the Semiconductor Industry Association (SIA),
global semiconductor sales in the first quarter of 2020 totaled US$151.7 billion,
a 23% increase over the first quarter of 2021.
Functional/Graphical
Printing Market:
Leading Segment is the Electrical & Electronics Market
On
the basis of the end-use industry, the Functional/Graphical Printing market can
be segmented into transportation, medical & healthcare, electrical &
electronics, personal care & cosmetics and others. The Functional/Graphical
Printing market’s leading segment has been evaluated to be electrical &
electronics. During the forecast period
2022-2027, the electrical & electronics segment is expected to grow with a
CAGR of 18.9%. Functional/graphical printing technology
is used in a wide range of electronics applications, such as conductive tracks,
circuit electrodes, screens, and so on, propelling functional/graphical printing
in the electrical and electronics industry. According to the Japan Electronics
and Information Technology Industries Association, computer and information
terminal manufacturing in Japan was worth 1,041,122 million yen in 2017 and
1,251,283 million yen in 2019. According to OBERLO, the total revenue of
consumer electronics in the U.S, is expected to increase by 7.5% in 2023.
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Functional/Graphical Printing Market:
Leading Region in Asia-Pacific
On the basis of geography, the Functional/Graphical Printing market can be segmented into North America, South America, Europe, APAC, and ROW. According to IndustryARC’s analysis, Asia-Pacific has emerged as the most profitable region in the market. In 2022, the Asia-Pacific region held a 38.4% share of the total revenue earned by the market globally. Asia-Pacific countries including the India and China are ahead comparatively in terms of consumer electronics products. According to the India Brand Equity Foundation, Electronics consumption will increase to US$400 billion by 2025, up from US$33 billion in FY20. By 2025, India is predicted to be the world's fifth-largest consumer electronics and appliances market. The Functional/graphical printing market will also gain demand from the North American region. The U.S. and Canada are emerging as competitive countries in the functional/graphical printing market.
Functional/Graphical Printing Market:
Competitive Landscape
Key companies holding major
shares in the Functional/graphical printing market are HP Development Company, L.P., Haiku Tech,
Avery Dennison Corporation, BASF SE, Blue Spark Technologies, Display
Corporation, E Ink Holdings Inc., Eastman Kodak Company Ltd, Enfucell Oy,
GSI Technologies LLC.
R&D Investments
In August 2021, APTech launched
Unbound, The Event for Industrial and Functional Printing, a free virtual event
that will bring together key players in the functional and industrial printing
space to explore the opportunities available to businesses of all sizes.
In June 2021, Covestro AG and Nexeo Plastics have announced the creation of a new PC/ABS filament for 3D printing called Addigy FPB 2684 3D. Nexeo Plastics' distribution platform is where the company offers this product.