Industry Overview

Global 3D printed electronics market was valued at USD XX Bn in 2020 and is expected to grow at a CAGR of ~34% during 2021–2030 to reach 5.89 Bn by the year 2030. The market growth is accounted for growing demand from automotive sector for 3D printing and technological advancement to ensure optimum productivity.

Introduction

The notion of 3D printing items with electronic capabilities is relatively new. Material jetting technique is used to jet conductive and insulating inks onto the printing surface. Before UV light is used to harden the inks, they are applied in lines as thin as a few microns.

The 3D printed electronics market is projected gain traction over the forecast period as a result of increasing end-user demand for consumer electronics and rising technological investment by key market players to capture larger market share.

3D Printed Electronics Market Covid-19 Pandemic Impact & Recovery Analysis

The ongoing COVID-19 pandemic has resulted in a countrywide lockdown in major nations, affecting a variety of industries including automotive, aviation, consumer electronics, and medicines. Electronic equipment and instruments are in short supply, and decreasing stock market prices have impacted the healthcare business and are projected to have a negative influence on the worldwide market. Furthermore, financial policies in developing countries are likely to fail to prevent a large increase in unemployment and company closures, which might result in weak recovery following the pandemic.

At the moment, a 3D printer can only produce one item at a time. As a result, the market may have a significant barrier in producing large units. Working on one object at a time, on the other hand, can maximize the product’s customization possibilities. Furthermore, the information gap between several disciplines engaged in the progress of printed electronics is projected to stymie the market’s expansion. The restrictions and obstacles impacting demand for 3D printed electronics are most likely to be solved by increased investments in research and development and expanding breakthroughs in Internet of Things technology. Other factors that are contributing to the growth of the 3D printed electronics market include increased manufacturing efficiency and productivity, as well as the rise of the consumer electronics industry in numerous areas.

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3D Printed Electronics Market Dynamics

Technological development in IoT

The Internet of Things offers a wide range of applications in both everyday life and industry. Prices of sensors and Internet connections have decreased, which has aided technological advancements in the Internet of Things. According to the World Economic Forum, the cost of sensors has decreased by a significant margin, and the cost of bandwidth has decreased by a multiple of 40.

3D printing enables firms to make sensors with complicated geometries and precise setups at a reasonable cost. These sensors may be directly printed on the 3D surface, eliminating the requirement for electronics. As a result, the growing need for customized and high-performance sensors in numerous sectors is propelling the 3D printed electronics market forward.

Growing manufacturers efficiency and productivity

When compared to traditional manufacturing, electronic gadgets made with 3D printing equipment use less materials. In traditional manufacturing, the material is manufactured layer by layer, however in 3D printing, the material is produced layer by layer according to the requirements.

Furthermore, traditional manufacturing processes need lead time, but 3D printing requires very little lead time between the finished product and the prototype. This cuts down on the time it takes to make the goods. Furthermore, design parameters may be changed and manufacturing can begin right away, resulting in increased operational efficiency and productivity. The market for 3D printed electronics is growing as a result of these causes.

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3D Printed Electronics Market Segment Analysis

The 3D Printed Electronics market is segmented by type, by End-User Industry, & by region.

Insights by Type

Base on the type the 3D printed electronics market is bifurcated into antenna, sensors, PCB, MID, and others. In the year 2020 sensors segment accounted for the largest market share and projected dominate the market over the forecast period owing to increasing integration of sensors in various industries.

Insights by End-User Industry

Based on End-User Industry the market is segmented into aerospace and defense, telecom, consumer electronics, medical and automotive. Consumer electronics segment is expected to gain significant demand over the forecast period accounted for increasing consumer spending and rising disposable income among the working population in developing economies.

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3D Printed Electronics Market Regional Analysis

North America captures the largest market share in the year 2020 and owing to increasing government funding in 3D printing, well-established research and development facilities, emerging market players in the region, and a strong economy to support technological spending.

Asia-Pacific is estimated to have the highest CAGR in the market during the forecast period. Manufacturers are investing in the development of 3D Printed Electronics, which is expected to boost the 3D printed electronics market over the period 2021-2030.

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Competitive Insights

The market is highly competitive in nature and key market players are focusing on leveraging R&D, new product development, joint ventures, mergers, acquisitions, and partnerships to gain a competitive edge in the market.

Major companies in the 3D Printed Electronics market include:

• Nano Dimension
• Eastprint Incorporated
• KWJ Engineering, Inc.
• ISORG SA
• Novacentrix
• Optomec, Inc.
• Enfucell
• The Cubbison Company
• Molex, LLC
• Pasternack Enterprises Inc.
• Others (20+ Companies are profiled in the final report)

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3D Printed Electronics Market Report Coverage

Global 3D Printed Electronics Market, by Type

• Antenna
• Sensor
• PCB
• MID
• Others

Global 3D Printed Electronics Market, by
End-User Industry

• Aerospace & Defense
• Telecom
• Consumer Electronics
• Medical
• Automotive
• Others

Global 3D Printed Electronics Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • South Korea
  • Japan
  • India
  • China
  • Australia
  • Malaysia
• Middle East & Africa
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
• South America
  • Brazil
  • Argentina