Global Functional Printing Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Functional Printing Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global functional printing market report has been segmented on the basis of material, printing technology, application, and region.

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Global Functional Printing Market: Overview

Functional printing is a two-dimensional or three-dimensional printing technology which aids in bringing functionality to the product produced by the manufacturer. The common application of functional printing includes printed electronics, RFID, and 3D printer.

Global Functional Printing Market: Dynamics

Rapid evolutions in the printing industry and technological advancements in electronics are some of the major factors expected to drive growth of the global functional printing market. In addition, growing demand for printed circuits for wearable electronic devices, IoT, medical sensors, and other related devices is another factor projected to propel the target market growth. Increasing demand for cost-effective and high-speed manufacturing is a factor anticipated to boost growth of the target market. Furthermore, reduced consumption of energy and low wastage of material in production leads to least effect on the environment which may result in rising adoption of functional printing. This is another factor projected to propel growth of the global market over the forecast period. Technological advancements in 3D printing technology are expected to create lucrative opportunities for growth of the target market years to come.

However, the functional printing techniques are quite complex and need a high accuracy to gain the desired outcome which is a major factor expected to hamper the target market growth.

Global Functional Printing Market: Segmental Analysis

The material segment is sub-segmented as substrates and inks. The substrates material segment is anticipated to register significant growth over the forecast period.

Among the printing technology segments, the inkjet printing segment is expected to account for significant shares of the global market, in terms of revenue, owing to various benefits offered by it including cost-effective, better image and color quality, high-speed of printing, etc.

Among the application segments, the RFID tags segment is expected to contribute to significant revenue shares of the global market.

Global Functional Printing Market: Regional Analysis

North America is expected to dominate the functional printing market and continue its dominance during the forecast. This can be attributed to the quick adoption of the latest technologies and rising demand for near-field communication (NFC) in the region. In addition, increasing adoption of 3D printing technology influencing the manufacturing companies to transform their business models and supply chains by distributed 3D printing. The strong presence of technical infrastructure in the countries such as US and Canada which will further aid to adoption and deployment of cutting-edge technologies. Aforementioned factors are expected to support the revenue growth of the target market in this region.

Asia-Pacific functional printing market is expected to register significant growth, which can be attributed to the existence of large-scale printing companies that are distributing films, interior decor material, and electronics and environment materials. In addition, the strong presence of multiple prominent electronic companies where printing is an integral part of the manufacturing process of circuitry, membrane switches, photovoltaics, displays, and tags is another factor expected to support growth of the functional printing market in the region.

Global Functional Printing Market Segmentation:

Segmentation by Material:

Substrates
Glass
Plastic
Paper
Others (Silicon Carbide, Gallium Nitride, etc.)
Inks
Conductive Inks
Graphene Ink
Dielectric Inks

Segmentation by Printing Technology:

Inkjet Printing
Screen Printing
Gravure Printing
Flexography

Segmentation by Application:

Sensor
Display
RFID Tags
Lighting
Battery
Photovoltaic