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Printed and Flexible Sensors Market Expected to Exceed USD 7.51 Billion by 2020

Transparency Market Research has published a new report titled "Printed And Flexible Sensors Market - Global Industry Size, Share, Trends, Analysis, And Forecasts 2012 - 2018" to its report store.

 

Albany, NY -- (SBWIRE) -- 03/23/2015 -- The global printed and flexible sensors market is expected to reach a value of USD 7.51 billion by 2020, at a CAGR of 2.5% from 2014 to 2020. The market for printed and flexible sensors is an emerging technology and is expected to grow steadily with its increasing commercialization in emerging applications such as gas sensors, temperature sensors, and hybrid CMOS sensors. Printed sensors are cheaper, simple in design and offers higher performance over traditional silicon based sensors. In addition, production process of printed and flexible sensors is very simple.

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These benefits associated with printed and flexible sensors are expected to increase the demand for printed and flexible sensors in the coming years. In addition, printed sensors are thin and light weight which makes them suitable for touch screen applications in smartphones, tablets and other touch screen gadgets. Conductive inks used in printed sensors are less conductive and are not applicable in high power applications which represent a major challenging factor for this market.

Based on type, printed and flexible sensors market is categorized into biosensors, capacitive sensors, piezoelectric sensors, piezoresistive sensors, digital x-ray sensors, photodetectors, hybrid CMOS sensors, temperature sensors and gas sensors. At present, printed biosensors and piezoresistive sensors are two mature technologies compared to other printed and flexible sensors technologies. Biosensors represent the largest segment and accounted for more than 60% of the revenue share in the printed and flexible sensors market in 2013. Glucose detection strips accounts for more than 85% of revenue share in printed biosensors. Other emerging applications of printed biosensors include detection and monitoring of kidney, heart and cancer diseases. Piezoresitive printed sensor is a matured technology used in healthcare, textile, consumer electronics and automotive applications. The growing demand for consumer electronics, touch screen devices and healthcare devices will outpace the growth of piezoresistive printed sensors throughout the forecast period, i.e., 2014 – 2020. Printed Piezoresistive sensors are expected to see the fastest growth over the forecast period. Use of hybrid CMOS sensors improves the imaging quality of smartphones, tablets and other imaging device. The market for hybrid CMOS sensors is expected to see a significant growth with growing market for smartphone and digital camera market in the next six years.

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In 2013, North America printed accounted for the largest revenue share i.e. 31.5% in flexible sensors market. Europe is leading region in terms of innovations and new product development whereas Asia-Pacific is expected to be the fastest growing regional market for global printed and flexible sensors and is expected to surpass North America and Europe by 2017. Increasing outsourcing from developed market and growing industrialization are expected to be the primary factors for this growth.

The global printed and flexible sensors market is fragmented and large number of multinational players are present in this market. Established players are investing in research and development to introduce innovative solutions which will satisfy the high performance requirements of global customer. The printed and flexible sensors market is not yet commercialized broadly and thus has huge growth potential in the future. Some major players in the global printed and flexible sensors market include Thin Film Electronics ASA, KWJ Engineering, ISORG, Peratech UK and GSI Technologies among others.

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Global printed and flexible sensors market is segmented as below:

By Type

Biosensors
Capacitive sensors
Piezoelectric sensors
Piezoresistive sensors
Hybrid CMOS sensors
Printed digital x-ray sensors
Photodetectors
Temperature sensors
Gas sensors

By Geography

North America
Europe
Asia-Pacific
Rest of the World

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