Market Size of Printed Sensor Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.62 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Printed Sensor Market Analysis
The printed sensor market was valued at USD 8.63 billion in 2020, at a CAGR of 6.62% during the forecast period of 2021 - 2026. The printed sensors technology costs less and can be manufactured on a large scale, providing high economies of scale to manufacturers. High demand from smart packaging is another factor driving the growth of the market. Smart packaging helps easier tracking and reduced packaging costs.
- The manufacturers of the printed sensor will have low input costs due to the achievement of economies of trade. Due to the constant design, the manufacturers can achieve economies of trade and thus reducing the cost and maximizing the profit margin.
- Since printed electronics are thin, lightweight, flexible and yet robust, they can be integrated very well into packaging, either during production or as an affixed e-label. This drives the adoption rate of the printed sensor in the smart packaging industry.
- The initial setup of the manufacturing of printed sensors need substantial investment due to the high equipment technology. This acts as a restraint as the high investment costs acts as a barrier for small manufacturers.
