Email
Print
Inkjet For Functional & Additive Manufacturing Applications Market - Forecast(2024 - 2030)
Inkjet For Functional & Additive Manufacturing Applications Market Overview
The global Inkjet For Functional & Additive Manufacturing Applications market size is estimated to reach $24.5 Billion by 2027, growing at a CAGR of 10.1% during the forecast period 2022-2027, owing to increasing utilization of microfluidic chips & biosensing devices, rising adoption of 3D printing for technical & professional training and so on. Additionally, government mandates to encourage the adoption of digital printing technologies by manufacturers are aiding its market growth forward. These technologies have the ability to offer accurate and rapid prototyping solutions. Moreover, the surging adoption of printed sensors & printed electronic devices in various industry verticals is boosting the demand for inkjet printing technology. Such factors are set to transform the Inkjet For Functional & Additive Manufacturing Applications industry outlook in the coming time.
Inkjet For Functional & Additive Manufacturing Applications Report Coverage
The “Inkjet For Functional & Additive Manufacturing Applications Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Inkjet For Functional & Additive Manufacturing Applications Market.
Key Takeaways
- Inkjet For Functional & Additive Manufacturing Applications based on drop-on-demand (DOD) technology is analyzed to witness the fastest growth during the forecast period 2022-2027, due to increasing application in the packaging industry, rising utilization of DOD piezoelectric printheads for developing flexible electronics and so on.
- The Consumer Electronics industry is analyzed to grow with the highest CAGR in the global Inkjet For Functional & Additive Manufacturing Applications market during 2022-2027, attributed to the increasing adoption of 3D printing for the production of complex electronics, the growing trend toward printed sensors & microfluidic chips and so on.
- North America region dominated the global Inkjet For Functional & Additive Manufacturing Applications market in 2021, attributed to the increasing adoption of 3D printing equipment in the healthcare industry and the rising trend toward printed electronics & sensors.
- Increasing popularity of lab-on-chip bioprinting technologies in the healthcare industry and rising adoption of printed electronics in the automobile industry are analyzed to significantly drive the growth of the Inkjet For Functional & Additive Manufacturing Applications market during the forecast period 2022-2027.
Inkjet For Functional & Additive Manufacturing Applications Market
Segment Analysis- by Technology
Inkjet For Functional & Additive
Manufacturing Applications based on drop-on-demand (DOD) technology is analyzed
to witness the fastest growth of 11.2% during the forecast period 2022-2027. The growing application of DOD printing in the packaging industry, increasing utilization of
DOD piezoelectric printheads for developing flexible electronics and other factors are driving this market growth. In November 2021, Ricoh Company, Ltd.
launched RICOH TH6310F industrial inkjet printhead powered by a thin film piezo
actuator to be used as a critical component in digital printing systems. Such factors
are set to accelerate the growth of drop-on-demand technology within the Inkjet For
Functional & Additive Manufacturing Applications industry over time.
Inkjet For Functional & Additive Manufacturing Applications Market
Segment Analysis - by Industry Vertical
The Consumer Electronics industry is
analyzed to grow with the highest CAGR of 12.6% in the global Inkjet For
Functional & Additive Manufacturing Applications market during 2022-2027.
Factors attributing to this market growth include increasing utilization of 3D
printing technologies in the research & prototyping cycles, increasing
adoption of 3D printing for the production of complex electronics, the growing
trend towards printed sensors & microfluidic chips and more. In November
2021, Quantica launched a 3D printing system capable of jetting & combining
multiple ultra-high performance resins to facilitate the 3D printing of
multi-colored, multi-strength and multi-functional components. These factors
are boosting the growth of the consumer electronics segment within the Inkjet For
Functional & Additive Manufacturing Applications industry in the coming time.
Inkjet For Functional & Additive Manufacturing Applications Market
Segment Analysis - by Geography
North America region dominated the global Inkjet For Functional & Additive Manufacturing Applications market with a share of 37% in 2021. It was due to the increasing adoption of 3D printing equipment in the healthcare industry, growing emphasis on bioprinting & biosensors technology, the rising trend towards printed electronics & sensors and so on. In February 2021, Inkbit launched scalable inkjet deposition 3D printers with a vision-based feedback control platform. These factors are set to transform the Inkjet For Functional & Additive Manufacturing Applications industry outlook in North American markets.
Inkjet For Functional & Additive Manufacturing Applications Market Drivers
Increasing Trend towards Lab-on-Chip Bioprinting Technology in Healthcare Industry:
The rising prevalence of lab-on-chip
bioprinting technology in the healthcare industry is propelling the growth of the Inkjet For Functional & Additive Manufacturing Applications market. Inkjet technology is widely used in health sciences and tissue
engineering because of its picoliter-level printing unit which is suitable for
depositing biological components. Furthermore, digital printing is used in the
development of biosensing & diagnostic devices and inkjet
bioprinted generic biomaterials are used in the research
& healthcare sectors. According to a study conducted by Friedrich
Schiller University in 2022, single-cell analysis via inkjet printing was
successful in nearly 50% of spraying events. In June 2021, 3D Systems, Inc.
collaborated with CollPlant Biotechnologies Ltd to develop 3D-bioprinted
regenerative tissue for an organ transplant. These factors would help in expanding
the Inkjet For Functional & Additive Manufacturing Applications market size
in the long run.
Rising Adoption of Printed electronics in the Automobile Industry:
Increasing utilization of printed electronics in the automotive sector is boosting the demand for Inkjet For Functional & Additive Manufacturing Applications in the market. It is used for functional coatings of the vehicle to increase durability and provide a decorative high-quality finish. Inkjet printing technology is used to produce electrochemical sensors at a low cost. These sensors are used in automobiles to monitor pressure differences in the battery cells. These printed temperature sensors are capable of detecting problems & prevent overheating losses due to their ability to respond to changing environmental conditions. In September 2021, Avery Dennison Corporation launched AD Maxdura Tire Tag for locating vehicles in the logistics chain. According to a report published by InnovationLab in 2021, printed pressure sensors can increase battery capacity and longevity by 40%. These factors are set to elevate the growth of the Inkjet For Functional & Additive Manufacturing Applications market size in the coming time.
Inkjet For Functional & Additive Manufacturing Applications Market Challenges
High Energy Requirement in Addition to the Printing Expenditure:
High energy requirements along with high printing costs are limiting the growth of the Inkjet For Functional & Additive Manufacturing Applications market. Due to their advanced features and capabilities to ensure high-quality manufacturing of complex 3D objects, these digital printers consume a lot of energy. Inkjet printers emit pollutants and consume a large amount of energy in order to perform complex modeling and produce high-quality output. According to a report published by Joteo.net in 2021, an inkjet printer approximately uses 20 watts in 6 hours and can cost up to €0.30/kWh. Such factors are impeding the growth of the Inkjet For Functional & Additive Manufacturing Applications industry.
Inkjet For Functional & Additive Manufacturing Applications Industry Outlook
Product launches, acquisitions and R&D activities are key
strategies adopted by players in the Inkjet For Functional & Additive
Manufacturing Applications Market. The top 10 companies in the Inkjet For Functional & Additive Manufacturing Applications market are:
- HP Development Company
- Jet Inks Private Limited
- Brother Industries Ltd
- Xerox Corporation
- Canon Inc.
- Hitachi Industrial Equipment Systems
- Xaar Irix
- Videojet Technologies Inc.
- Inkjet Inc.
- Fujifilm Holdings Corporation
Recent Developments
- In September 2021, Xaar launched an advanced Inkjet printhead to ensure accurate, reliable & easy printing for coding & marking, product printing, functional fluids and 3D printing applications.
- In May 2021, Canon Inc. launched the ColorStream 8000 series of web-fed Inkjet printers, designed to meet the current and future production challenges of corporate and public sector in-plants.
- In March 2021, FUJIFILM launched Samba cartridge. It uses advanced technology in Inkjet printing for the Dimatix Materials Printer which is based on silicon micro-electro-mechanical systems.
Relevant Report Titles:
Additive Manufacturing Market - Industry Analysis, Market
Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: CMR 0239
Packaging Additives (Functional Additives and Barrier Coatings) Market -
Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and
Forecast Analysis
Report Code: CMR 0732
Report Code: CMR
34085
For more Electronics Market reports, please click here