New York – Nova one advisor recently added a research report, 3D Printed Electronics market – global industry size, share analysis, market dynamics, market risk factors, market opportunities and challenges. segment forecast and the geographical distribution of the global market, profitability graph and the regional outlook of this business vertical.
The global 3D Printed Electronics market gathered revenue around USD 5.1 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 25.10% during the prediction period 2021 to 2027.
Printing processes have been used in electronics since the earliest days of electronics. For the most part however, until relatively recently “printed electronics” mostly referred to printed conductive traces and processes that more resembled coating than printing. There was also an attempt to 2D print polymer electronics for IoT-like networks, but ultimately this has never really taken off.
Meanwhile, in the past decade, 3D printing (additive manufacturing) has taken off using numerous processes and materials and aimed at equally numerous applications.
The report also includes market forecasts for these applications with breakouts by type of 3D printing process, materials, etc.
In addition, the report examines technical, marketing and supply change trends and challenges. Finally, the report contains strategic profiles of the key firms that have made the 3D printed electronics market their own.
NOTE: Our report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19.
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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global 3D Printed Electronics Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the 3D Printed Electronics market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.
The report includes thorough compilation of the quantitative analysis of the industry for the period of 7 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period. This study includes a widespread analysis of the key segments of the industry. This analysis sheds light in the current trends and opportunities in the global 3D Printed Electronics market.
Highlights of the Report:
In-depth analysis of various insights, namely, 3D Printed Electronics Market trends, growth drivers, opportunities, and other related challenges.
Comprehensive details of key market players, their core competencies, and 3D Printed Electronics Market share.
The potency of suppliers and buyers to make better business decisions.
Lists out the market size in terms of volume.
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Advancements in Internet of Things Technology: A Key Driver
Internet of Things technology has various applications in the areas of day-to-day life and industries. Technological developments in Internet of Things can be attributed to decline in prices of sensors and Internet connections. According to the World Economic Forum, the cost of sensors has declined two fold and bandwidth cost by multiple of 40.
3D printing allows manufacturers to produce sensors at low cost with complex geometries and accurate configurations. These sensors can be printed directly on the 3D surface and eliminates the need for circuitry. Therefore, the increasing need for customized and high performance sensors in various industries is fueling the growth of the 3D printed electronics market.
Rising Efficiency and Productivity of Manufacturers
Electronic devices, which are manufactured with 3D printing machines, require lesser materials as compared to conventional manufacturing. 3D printers manufacture layer over layer as per the requirement, whereas in conventional manufacturing, the material is produced.
Moreover, the conventional manufacturing process consists of lead time, while in 3D printing there is hardly any lead time between the final product and prototype. This reduces the time required for manufacturing the product. Furthermore, the design parameters can be modified and the manufacturing can be started immediately, which increases the operational efficiency as well as productivity. These factors are propelling the growth of the 3D printed electronics market.
The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global 3D Printed Electronics market are included as given below:
Significant Market Participants Operational in the 3D Printed Electronics Market are: Nano Dimension, Eastprint Incorporated, The Cubbison Company, Molex, LLC, The Charles Stark Draper Laboratory, Inc., ISORG SA, Novacentrix, Optomec Inc., Enfucell, and Pasternack Enterprises Inc.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global 3D Printed Electronics Market: Segmentation
3D Printed Electronics Market, by Type
3D Printed Electronics Market, by Industry
- Aerospace & Defense
- Consumer Electronics
The regional segmentation covers:
-North America Region (U.S., Canada, Mexico)
-Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
-Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
-South America Region (Brazil, Argentina, Columbia, Rest of South America)
-The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
COVID-19 Impact on 3D Printed Electronics Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the 3D Printed Electronics market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the 3D Printed Electronics market 2021 onwards. This trend will however continue through the course of the report’s assessment period
Emerging Nations to Continue Attracting Investments :
The expansion of various industries across India, China, Brazil, and other emerging countries will help the 3D Printed Electronics market flourish. Consistent investment towards industrialization and urbanization, as well as the implementation of policies favouring foreign investment, will continue to be major growth drivers.
Expansion initiatives undertaken by various countries will aid the growth of the 3D Printed Electronics market. Besides, the easy availability of raw materials and labours at a cheaper cost will attract an increasing number of companies within the 3D Printed Electronics market.
Key Points of the Global 3D Printed Electronics Market Report:
The report provides a basic overview of the 3D Printed Electronics industry including its definition, applications, and manufacturing technology.
The report also explores the major international players in detail. In this part, the report presents the company profile, product specifications, capacity, and production value up to 2027 year along with the market shares for each company.
Through the statistical analysis, the study depicts the global market for 3D Printed Electronics including capacity, production, production value, cost/profit, and supply/demand from an international perspective.
Considering segmentation, the market is divided in terms of product, end-use, company, region, and other important aspects. Each of these categories forms an important base point for the competitive landscape analysis.
The report then estimates the market development and trends of the 3D Printed Electronics industry up to 2027.
The report hints at crucial information associated with new market developments being undertaken in the 3D Printed Electronics industry before evaluating its feasibility.
Reasons to Purchase this Report:
- Estimates 3D Printed Electronics development trends with SWOT analysis
- Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
- Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
- Market dynamics scenario, along with growth opportunities for players in the years to come
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Final Report will add the analysis of the impact of COVID-19 on this industry.
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