The global printed & flexible sensors market was valued at $3.9 billion in 2023, and is projected to reach $8.6 billion by 2029, growing at a CAGR of 8.5% from 2023 to 2029.
On the basis of printing technology, the printed and flexible sensors industry is categorized into flexographic printing, inkjet printing, screen printing, and other methods. In 2023, the flexographic printing technology segment emerged as the revenue leader in the printed and flexible sensors market. However, during the forecast period, the screen-printing technology segment is anticipated to experience a more rapid growth rate. Flexographic printing technology is widely adopted for the manufacturing of printed and flexible sensors due to its inherent advantages. Notably, it is a cost-effective printing technique that ensures superior quality and integrity of flexible sensors.
Regarding sensor types, the printed and flexible sensors market is divided into biosensors, touch sensors, image sensors, temperature sensors, chemical sensors, and other categories. In 2023, the image sensors segment held the dominant market share within the printed and flexible sensors industry. Conversely, the chemical sensors segment is poised to exhibit accelerated growth throughout the forecast period. Optical imaging-based devices, such as X-rays, are extensively utilized for disease diagnosis in medical settings, primarily due to their ability to glean internal information from external sources. Furthermore, flexible image sensors can be directly applied to curved surfaces, including the skin, to continually capture biometric data with a high degree of precision. Consequently, the medical field serves as a pivotal driver for the flexible image sensor market.
Regarding application, the printed and flexible sensors market is segmented into consumer electronics, healthcare, automotive, industrial, and other sectors. The consumer electronics segment has been at the forefront of driving market growth, primarily due to the increasing adoption of wearable devices and smart electronics. Wearable technology products such as smartwatches, electronic clothing, smart jewelry, and wearable implants have gained widespread popularity and are among the most commonly used applications in this sector.
In terms of regional analysis, the market covers North America, Europe, Asia-Pacific, and LAMEA. North America emerged as the dominant region, boasting the largest market share in 2023. However, the LAMEA region is expected to witness the highest growth rate during the forecast period. Many prominent players in the printed and flexible sensors market are headquartered in North America, particularly in the United States. This presents significant opportunities for these companies to expand their product portfolios and strengthen their market presence within North America, aligning with the ongoing trends in the printed and flexible sensors market.
The report provides competitive analysis and profiles of major players in the printed and flexible sensors market. These key players include Interlink Electronics Inc., Tekscan, Inc., PST Sensors (pty) Ltd., GSI Technologies, KWJ Engineering Inc., Peratech Holdco Limited, ISORG SA, Fujifilm Holding Corporation, Canatu Oy, and PolyIC. To increase their market share in the global printed and flexible sensors market during the forecast period, these companies employ various strategies such as launching new products, acquisitions, forming partnerships and collaborations, and expanding their business operations.
Key Influential Factors
As per the analysis of the printed and flexible sensors market, flexible sensors are in high demand, particularly in the realm of smart and portable electronic devices, including smartwatches, activity-tracking bands, and slim, foldable smartphones and laptops. For instance, the wearable electronics market, valued at approximately $80 billion in 2020, is projected to grow at a robust CAGR of nearly 20% in the coming years. The healthcare industry is another driving force for the flexible sensors market, where various types of sensors are utilized, ranging from glucose and pH sensors to pressure and strain sensors, as well as wearable patches. Additionally, flexible sensors play a crucial role in the Internet of Things (IoT), and their demand is set to surge as IoT adoption accelerates in the future.
However, the market faces challenges due to the high manufacturing costs associated with flexible sensors, which can increase the overall price of end-use products. The current stage of manufacturing technology for these sensors is also a limiting factor. Overcoming these challenges will require collaboration among industry stakeholders, including manufacturers, consultants, end-users, and supply-chain participants. Meanwhile, an expanding array of applications for printed and flexible sensors is expected to present opportunities for market players during the forecast period. Significant investments are being made in flexible electronics and flexible sensors research, leading to the exploration of new applications across various industries.
Historical Data & Insights
The outlook for the printed and flexible sensors market indicates a competitive landscape, with the presence of well-established vendors. Market participants are poised to gain a competitive edge by offering a wide range of products to meet market demands. The competitive environment in this market is anticipated to intensify as key vendors embrace technological innovations, product expansions, and diverse strategies to stay ahead of the competition.
Notable Developments and Strategies
Leading companies such as ISORG SA, Fujifilm Holding Corporation, Canatu Oy, and PolyIC have secured significant shares in the printed and flexible sensors market. These key players have implemented diverse strategies, including product launches and collaborations, to enhance their presence in the printed and flexible sensors market's projected growth.
In July 2019, Isorg inked an agreement with Sumitomo Chemical, a global leader in OPD (organic photo detector) materials production and other sectors, to jointly develop new OPD products designed for smartphone fingerprint sensors and hybrid organic CMOS image sensors.
In October 2019, Canatu Oy successfully secured a total of €15 million in funding. This funding round included contributions from both a new investor, 3M Ventures, and existing investors, with DENSO Corporation leading the round and Faurecia also participating.
In August 2023, Tekscan, Inc. introduced its latest addition to their expanding range of FlexiForce Standard Force Sensors: the ESS102 model. ESS102 boasts a high-demand form factor featuring a compact sensing area with a diameter of 3.8mm (0.15 inches) and is equipped with Tekscan's Enhanced Stability Series (ESS) pressure-sensitive ink formulation. This enables the sensor to operate effectively even in high-temperature environments, reaching up to 85°C, and in high-humidity conditions with a relative humidity of 95%.
Printed And Flexible Sensors Market Report Highlights
Market Size By 2029
USD 8.6 billion
CAGR of 8.5%
2023 - 2029
By Printing Technology
Key Market Players
gsi technologies, PolyIC GmbH & Co. KG, Fujifilm Holding Corporation, Interlink Electronics, Inc., KWJ Engineering Inc., Tekscan, Inc., PST Sensors (pty) Ltd, Canatu Oy, ISORG SA, peratech holdco limited
Printed and flexible sensors are poised to reshape the microelectronics industry supply chain, offering significant business prospects across various applications. Their seamless integration with cutting-edge technologies like artificial intelligence and big data analytics holds promise for the development of innovative consumer products. Unlike traditional sensors, they don't directly compete in terms of computing power and performance but open up new possibilities for interacting with the environment.
The continuous evolution of flexible sensors is driven by research into functional materials with remarkable form factors. Additionally, emerging methodologies such as 3D printing are being explored to produce devices more efficiently, cost-effectively, and in unconventional shapes. However, the flexible sensors market's advancement hinges on delivering end products that offer enhanced reliability, durability, and stability in terms of device functionalities. Overcoming manufacturing challenges, such as equipment adaptation and the use of more efficient materials like nanomaterials, will be pivotal for their future growth.
Frequently Asked Questions
Q1. What is the primary application of the Printed & Flexible Sensors Market?
- Consumer electronics led the applications of the printed and flexible sensors market in 2023.
Q2. Which region constitutes the largest market for Printed & Flexible Sensors?
- Asia-Pacific emerged as the leading region in the printed and flexible sensors market in 2023.
Q3. What is the estimated industry size of Printed & Flexible Sensors?
- The printed and flexible sensors market was valued at $3,929.17 million in 2023.
Q4. Who are the key companies dominating the market share in Printed & Flexible Sensors?
- Major players in the printed and flexible sensors market include Interlink Electronics Inc., Tekscan, Inc., PST Sensors (pty) Ltd., GSI Technologies, KWJ Engineering Inc., Peratech Holdco Limited, ISORG SA, Fujifilm Holding Corporation, Canatu Oy, and PolyIC.
Q5. What is the projected growth rate for the printed and flexible sensors market?
A. The market is expected to grow at a CAGR of 8.5% during the forecast period of 2023-2029.
1 Market Overview
1.2 Market Analysis by Type
1.2.1 Overview: Global Revenue by Type: 2022 Versus 2023 Versus 2029
1.3 Market Analysis by Application
1.3.1 Overview: Global Revenue by Application: 2022 Versus 2023 Versus 2029
1.4 Global Market Size & Forecast
1.4.1 Global Sales in Value (2017-2029))
1.4.2 Global Sales in Volume (2017-2029)
1.4.3 Global Price by Type (2017-2029) & (US$/Unit)
1.5 Global Production Capacity Analysis
1.5.1 Global Total Production Capacity (2017-2029)
1.5.2 Global Production Capacity by Geographic Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Market Drivers
1.6.2 Market Restraints
1.6.3 Trends Analysis
2 Manufacturers Profiles
**This is for each company**
2.1.1 Company Details
2.1.2 Company Major Business
2.1.3 Company Product and Services
2.1.4 Company Sales, Price, Revenue, Gross Margin and Market Share (2019-2022)
3 Sales by Manufacturer
3.1 Global Sales in Volume by Manufacturer (2020-2022)
3.2 Global Revenue by Manufacturer (2020-2022)
3.3 Key Manufacturer Position in Market
3.4 Market Concentration Rate
3.4.1 Top 3 Manufacturer Market Share
3.4.2 Top 6 Manufacturer Market Share
3.5 Global Production Capacity by Company
3.6 Manufacturer by Geography: Head Office and Production Site
3.7 New Entrant and Capacity Expansion Plans
3.8 Mergers & Acquisitions
4 Market Analysis by Region
4.1 Global Market Size by Region
4.1.1 Global Sales in Volume by Region (2017-2029)
4.1.2 Global Revenue by Region (2017-2029)
4.2 North America Revenue (2017-2029)
4.3 Europe Revenue (2017-2029)
4.4 Asia-Pacific Revenue (2017-2029)
4.5 South America Revenue (2017-2029)
4.6 Middle East and Africa Revenue (2017-2029)
5 Market Segment by Type
5.1 Global Sales in Volume by Type (2017-2029)
5.2 Global Revenue by Type (2017-2029)
5.3 Global Price by Type (2017-2029)
6 Market Segment by Application
6.1 Global Sales in Volume by Application (2017-2029)
6.2 Global Revenue by Application (2017-2029)
6.3 Global Price by Application (2017-2029)
7 North America by Country, by Type, and by Application
7.1 North America Sales by Type (2017-2029)
7.2 North America Sales by Application (2017-2029)
7.3 North America Market Size by Country
7.3.1 North America Sales in Volume by Country (2017-2029)
7.3.2 North America Revenue by Country (2017-2029)
7.3.3 United States Market Size and Forecast (2017-2029)
7.3.4 Canada Market Size and Forecast (2017-2029)
7.3.5 Mexico Market Size and Forecast (2017-2029)
8 Europe by Country, by Type, and by Application
8.1 Europe Sales by Type (2017-2029)
8.2 Europe Sales by Application (2017-2029)
8.3 Europe Market Size by Country
8.3.1 Europe Sales in Volume by Country (2017-2029)
8.3.2 Europe Revenue by Country (2017-2029)
8.3.3 Germany Market Size and Forecast (2017-2029)
8.3.4 France Market Size and Forecast (2017-2029)
8.3.5 United Kingdom Market Size and Forecast (2017-2029)
8.3.6 Russia Market Size and Forecast (2017-2029)
8.3.7 Italy Market Size and Forecast (2017-2029)
9 Asia-Pacific by Country, by Type, and by Application
9.1 Asia-Pacific Sales by Type (2017-2029)
9.2 Asia-Pacific Sales by Application (2017-2029)
9.3 Asia-Pacific Market Size by Region
9.3.1 Asia-Pacific Sales in Volume by Region (2017-2029)
9.3.2 Asia-Pacific Revenue by Region (2017-2029)
9.3.3 China Market Size and Forecast (2017-2029)
9.3.4 Japan Market Size and Forecast (2017-2029)
9.3.5 Korea Market Size and Forecast (2017-2029)
9.3.6 India Market Size and Forecast (2017-2029)
9.3.7 Southeast Asia Market Size and Forecast (2017-2029)
9.3.8 Australia Market Size and Forecast (2017-2029)
10 South America by Country, by Type, and by Application
10.1 South America Sales by Type (2017-2029)
10.2 South America Sales by Application (2017-2029)
10.3 South America Market Size by Country
10.3.1 South America Sales in Volume by Country (2017-2029)
10.3.2 South America Revenue by Country (2017-2029)
10.3.3 Brazil Market Size and Forecast (2017-2029)
10.3.4 Argentina Market Size and Forecast (2017-2029)
11 Middle East & Africa by Country, by Type, and by Application
11.1 Middle East & Africa Sales by Type (2017-2029)
11.2 Middle East & Africa Sales by Application (2017-2029)
11.3 Middle East & Africa Market Size by Country
11.3.1 Middle East & Africa Sales in Volume by Country (2017-2029)
11.3.2 Middle East & Africa Revenue by Country (2017-2029)
11.3.3 Turkey Market Size and Forecast (2017-2029)
11.3.4 Egypt Market Size and Forecast (2017-2029)
11.3.5 Saudi Arabia Market Size and Forecast (2017-2029)
11.3.6 South Africa Market Size and Forecast (2017-2029)
12 Sales Channel, Distributors, Traders and Dealers
12.1 Sales Channel
12.1.1 Direct Marketing
12.1.2 Indirect Marketing
12.2 Typical Distributors
12.3 Typical Customers
13 Research Findings and Conclusion
14.2 Research Process and Data Source
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analysing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.