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Printed Sensor Market Overview
The Printed Sensor Market size is estimated to reach $11.8 Billion by 2027, growing at a CAGR of 6.3% during the forecast period 2022-2027. The market growth is attributed to the increasing use of optical sensors & wearable devices in the manufacturing & healthcare industry, growing adoption of biosensors in medical sector and so on. Growing trends towards internet of things and Industry 4.0, drives the requirement of extensive networks of wirelessly connected low-cost and unobtrusive sensors. Thin-film and flexible printed sensors can be integrated into smaller devices, thus allowing designers to differentiate their products more easily. Furthermore, rising demand for business process automation, growing shift towards touch-enabled electronic devices & integration of Internet of Things, increasing spending on military & defense systems are some of the major factors set to transform the Printed Sensor industry outlook in the coming time.
Printed Sensor Report Coverage
The “Printed Sensor Market Report – Forecast (2022-2027)” by
IndustryARC, covers an in-depth analysis of the following segments in the Printed Sensor Market.
Key Takeaways
- Biosensor segment in is analyzed to grow with the highest CAGR in the Printed Sensor market during the forecast period 2022-2027, attributed to the increasing geriatric population, growing demand for home-based healthcare devices and so on.
- Printed Sensor market for Smart Packaging is analyzed to grow at the fastest rate during 2022-2027, attributed to increasing adoption of package tracking solutions in e-commerce industries, significant expansion of self-heating food packaging techniques and so on.
- Europe dominated the Printed Sensor industry in 2021, attributed to increasing number of leading consumer electronics manufacturers, rising production of commercial & non-commercial vehicles with driver assistance systems & touch infotainment systems and so on.
- Rising adoption of wearable bio sensors in healthcare industry and increasing use of printed electronics in automobiles industry is analyzed to significantly drive the market growth of Printed Sensor market during the forecast period 2022-2027.
Global Printed Sensor Market Value Share, by Region, 2021 (%)
Printed Sensor Market Segment
Analysis- By Type
Biosensor segment is analyzed to grow at the fastest rate of 8.1% in the Printed Sensor market during the forecast period 2022-2027, attributed to the
growing demand of glucose monitoring sensors in diabetic patients raising
higher use of glucose test strips, increasing geriatric population, growing
demand for home-based healthcare devices and so on. In September 2020, Abbott laboratories
launched a Libre Sense Glucose Sport Biosensor for athletes. This sensor helped
in testing glucose levels on a continuous basis in order to understand the
relationship between glucose levels and athletic performance, making it the
first personal non-diabetic device based on biosensor technology. They are
adaptable and simple to use, alongside aiding research and monitoring. Additionally,
growing integration of biosensors in consumer electronics, wearable devices and environmental monitoring applications are the
significant factors impacting the growth of Biosensor in Printed Sensor industry
outlook overtime.
Printed Sensor Market Segment
Analysis- By Application
Printed Sensor market for Smart
Packaging is analyzed to grow with the highest CAGR of 7.5% during 2022-2027,
attributed to increasing adoption of package tracking solutions in e-commerce
industries, increasing use of self-heating food packaging techniques to have
snack and hot beverages and so on. Smart packaging monitors temperature,
humidity and gas levels of the sensitive products such as food and
beverages. Moreover, growing use of smart packaging to improve product
visibility, hygiene, quality, and safety is boosting the demand for
printed sensors. According to a report published by Food and Drug Administration
(FDA) in 2020, approximately 30-40% of the food supply is estimated to be
wasted in the United States each year due to factors such as spoilage
and damage. Smart packaging with time-temperature indicators or sensors
can help to reduce food waste thereby increasing emphasis on advanced solutions
to reduce food waste. Such factors are analyzed to boost the growth of Printed Sensor industry
outlook for smart packaging in the coming time.
Printed Sensor Market Segment Analysis- By Geography
Europe dominated the Printed Sensor market with a share of 36% in 2021, attributed to increasing number of leading consumer electronics manufacturers, rapid industrialization, rising production of commercial & non-commercial vehicles with driver assistance systems & touch infotainment systems, increasing use of biosensors by ageing population and so on. In August 2021, Masimo launched Masimo SafetyNet Alert, a home-based arterial blood oxygen saturation monitoring and alert system. Masimo SafetyNet Alert was equipped with a signal extraction technology wearable fingertip pulse oximetry sensor which can wirelessly communicate with the accompanying home medical hub and smartphone app using internet of things technology. The sensor was widely adopted in Western Europe, owing to rising geriatric population and growing number of patients suffering from lifestyle diseases such as diabetes. Such developments are set to transform the Printed Sensor industry in European region.
Printed Sensor Market Drivers
Rising Adoption of Wearable Bio sensors in Healthcare Industry is Accelerating the Growth of Printed Sensor Market:
Growing use of wearable biosensors in
the healthcare industry is driving the growth of the printed sensor industry. Wearable
Biosensors & optical sensors such as smart shirts
& smartwatches, continuously measure blood glucose levels, blood pressure,
heartbeat rates and other biometric data. The real-time data is sent to
healthcare providers for monitoring health and recovery rates of the patients.
They are commonly used for athletic training and health monitoring of workers
in hazardous environments. Additionally, it is useful in cardiovascular disease
for monitoring hypertension, chronic surveillance and abnormal cardiac arrest. In
August 2020, Fitbit launched Fitbit Sense, a smartwatch with a range of health
features. It has an AMOLED display and an electrocardiographic sensor that
detects stress reactions by measuring electrodermal activity responses. It
computes the Stress Management Score by analysing heart rate, sleep and
activity level of a user. It has a sensor that detects fever, illness
and the start of a new menstrual cycle by measuring the skin
temperature of the user. According to the Deloitte Connectivity and Mobile
Trends Survey conducted in 2021, before the arrival of the pandemic,
approximately 39% of people owned a wearable devices or fitness tracker.
According to the survey, the use of the wearable fitness device has increased to
58%. Following the pandemic, there was a 14 percent increase in the sale of
smart watches in the United States. Such factors are set to accelerate the growth
of the Printed Sensor market size in the coming time.
Increasing Use of Printed electronics in
Automobile Industry is Positively Impacting the Growth of Printed Sensor Market:
Rising utilization of printed electronics
in the automotive sector is positively influencing the growth of the printed
sensor market. Printed electronics are used in automobiles to increase levels
of autonomy. Autonomous vehicles use a variety of sensor technologies and
associated features such as transparent heaters, integrated antennas and
even low-resolution flexible displays. In control panels, seat occupancy
sensors, printed pressure sensors, and purely capacitive touch sensors are used
to provide a wider range of inputs without the use of mechanical switches. In
September 2021, Avery Dennison Corporation launched AD Maxdura Tire Tag for the
tire industry, which enabled tracking and tracing throughout the logistics
chain, through easier tyre identification within warehouses and
dealerships. This tyre tag was capable of specifying materials used to
manufacture tyre, thus providing valuable information to recycling facilities. According
to a report published by InnovationLab in 2021, printed pressure sensors can
help in improving battery capacity and lifetime by upto 40%. The sensor measures
the pressure changes in the battery cells of an electric vehicle. Printed
temperature sensors can detect problems and prevent overheating owing to their
ability to automatically respond to changing environmental conditions. These
factors are encouraging the use of the printed electronics within automotive
applications, thereby expanding the Printed Sensor market size in the coming
time.
Printed Sensor Market Challenges
High Cost of Printed Sensor along with the Inadequate Knowledge of Appropriate Materials for Printed Sensor is Restraining their Market Growth:
High cost of
printed sensors combined with a lack of knowledge about appropriate
materials for printed sensors is limiting their market growth. The manufacturers have to invest heavily in
R&D of new materials & equipment for printed
sensor and for their integration with internet of things to
enable data transfer and machine to machine communication. The development
of new technologies necessitates the use of precision machinery and trained
personnel, which adds to the overall costs of the printed sensors. Printed
sensors employ a variety of printing technologies and materials that can be
used for a variety of applications in a variety of industries. A user must have the knowledgeable about substrate and
material selection, printing pattern selection and about the hardware of the
printed sensors for their implementation or any skilled professional. The lack
of knowledge and the need of skilled professional for the installation of
printed sensors adds up to their costs. According to Amazon, an e-commerce site
the minimum cost of the printed sensors is $190. The cost of printed sensors
increases as per their application and materials used in their development. Thus,
high cost and the complexity in the development of the printed sensors coupled
with the lack of awareness among the users is limiting the growth of Printed
Sensor industry.
Printed Sensor Industry Outlook
Product launches, acquisitions and R&D activities are key
strategies adopted by players in the Printed Sensor Market. The top 10
companies in the Printed Sensor market are:
- Brewer Science, Inc.
- Canatu Oy
- Interlink Electronics, Inc.
- ISORG
- KWJ Engineering inc.
- Peratech Holdco Limited.
- Polyic GmbH & Co. Kg
- PST Sensors
- QUAD INDUSTRIES
- Tekscan, Inc.
Recent Developments
- In January 2022, Brewer Science launched InFlect 4-Pixel Temperature Sensor Evaluation Kit. It includes the printed seasons measure the temperature of human, plants and can be used in varied fields such as healthcare and agriculture. This development will enhance the adoption of printed sensors in various fields.
- In June 2021, Tekscan launched I-Scan 9, a pressure mapping software interface. It was designed to evaluate and measure interface pressure between two surfaces through the usage of thin & flexible sensors. It will increase the applicability of printed sensors in various thermodynamic applications.
- In March 2021, Quad Industries and Henkel Adhesive Technologies collaborated to promote the development of printed electronics solutions. This includes the creation of technological value and prototyping with printed electronics solutions for a wide range of industries. Henkel also worked with several Belgian companies, including Quad Industries and Byteflies, to develop a health patch for continuous, remote, and wireless monitoring of health conditions. It will increase the adoption of printed sensors in healthcare & life science.
Relevant Report Titles:
Ingestible Sensors Market- Industry Analysis, Market Size, Share,
Trends, Application Analysis, Growth and Forecast Analysis
Report Code: ESR 0204
Report Code: AIR 0087
Report Code: AIR 0037
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