Zion Market Research, the market research group announced the analysis report titled 'Printed Sensor Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024'
Sarasota, FL -- (SBWIRE) -- 03/30/2018 -- Global Printed Sensor Market: Overview
An electronic module, which is able to detect events, responses, or changes and notify them in the form of optical or electrical signals, is known as printed sensor. This sensor is extensively used in logistics and retail industries for keeping the records of the date of packaging of products, shelf life, inventory, and others. It offers several advantages such as flexible and low-cost substrates over conventional silicon technology. It is eco-friendly in nature and miniaturization of the printed sensors is able to fit in various shapes of electronic devices.
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Global Printed Sensor Market: Growth Factors
Growing demand for printed sensors from automation, consumer electronics, and automotive to improve the productivity and enhance operational efficiency is driving the printed sensor market. Rising demand for advanced features such as assistive touch and 3D along with declining prices of printed sensors and the growing demand for smart packaging may fuel the growth of the printed sensor market. Printed sensors utilize printing technologies on flexible substrates which include plastics, paper, rather than metal oxides or silicon and they are used to manufacture conventional sensors. Eco-friendly printed sensors ensure the user's safety and eradicate any health risks, which in turn is boosting the printed sensor market growth in future.
Global Printed Sensor Market: Segmentation
The global printed sensor market is segregated based on the printing technology, type, and application. On the basis of printing technology, the market is classified as screen printing, gravure printing, flexography, inkjet printing, and others. The type segment is divided into printed proximity sensor, printed humidity sensor, printed biosensor, printed pressure sensor, printed touch sensor, printed temperature sensor, printed gas sensor, and printed image sensor. The biosensors are the dominating type segment in the global printed sensor market. Biosensors are broadly used in the medical devices in order to keep watch on patient's blood pressure, glucose level, and much more. On the basis of application segment, the market is bifurcated into industrial equipment, consumer electronics, building automation, automotive, smart packaging, medical devices, environmental testing, and others. The consumer electronics is further sub-segmented into wearable devices, smartphones, and others.
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Global Printed Sensor Market: Regional Analysis
Europe contributed for the largest market share due to stable economic growth. Western Europe is supported by the European Union and other public authorities for process development and prototyping facilities and the availability of a large number of printed electronics R&D institutions is expected to augment the printed sensor market growth. Asia Pacific is growing at a faster rate owing to rapid industrialization; a rise in the production of commercial and non-commercial vehicles coupled with touch infotainment system and driver assistance system is projected to drive the market. North America is another potential market for printed sensor as the number of diabetic population is higher in the region, which is expected to fuel the global printed sensor market in the coming years.
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Global Printed Sensor Market: Competitive Players
Key market players in the global printed sensor market include Thin Film Electronics ASA, Interlink Electronics Inc., PolyIC GmbH. & Co. Kg, GSI Technologies LLC, STMicroelectronics Inc., Meggitt Sensing System, PST Sensors, BeBop Sensors, Inc., T+Ink, Inc., MC10, Inc., and NikkoIA SAS. Other influencing players include ISORG SA, Tekscan, Inc., Peratech Holdco Limited, RISE Acreo, Integrated Device Technology, Sensitronics, Canatu Oy, ON Semiconductors, and KWJ Engineering Inc.
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