Published Date : 14 Jun 2023
The global 3D printed electronics market size was evaluated at USD 12.22 billion in 2022 and is expected to touch around USD 38.2 billion by 2030, growing at a noteworthy CAGR of 15.31% from 2022 to 2030.
By using additive manufacturing techniques, the printing of electronic components can be done through all these processes known as 3D printing. 3D printing could be helpful in the manufacturing of complex shapes by using a lesser amount of material than traditional methods. 3D printing offers more material, innovative delivery methods, and better printing technologies. Increasing use of screen printing and manufacturing displays and screen resulted in the growth of the 3D printing Market. 3D printing electronics technology puts the supply at the point of manufacturing to improve the resilience and flexibility of the supply chain. The process of manufacturing electronics through 3D printing solutions utilizes additive methods to produce or manufacture multiple electronic products including antennas, sensors and capacitors.
North America is expected to witness significant growth in the 3D printed electronics market. The region is expected to maintain its position owing to rising industrialization. The increasing adaptation of 3D printing electronics for fast design validation and production advantages. The market is driven by development of 3D-printed electronics in aerospace and defense drives the growth of the market with the increase in quality and productivity, lower production cost, and renders innovative and complicated designs possible. The region dominated due to the rising demand for 3D-printed electronics in medical devices, marine white goods, and automotive sectors for making intelligent surfaces within their products.
Asia Pacific is expected to be the fastest-growing region during the forecast period. The improving economies and the overall developments in the electronics industry will propel the growth of the market in Asia Pacific. China being one of the most significant and largest manufacturers of electronics, is expected to act as the major contributor to the market’s growth in the region. Following China, Japan and India are expected to witness the rapid adoption of advanced printing technologies.
3D Printed Electronics Market Report Scope:
|Market Revenue in 2023||USD 14.09 Billion|
|Projected Forecast Revenue in 2030||USD 38.2 Billion|
|Growth Rate from 2022 to 2030||CAGR of 15.31%|
|Largest Market||Asia Pacific|
|Forecast Period||2022 To 2030|
|Regions Covered||North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa|
Rising demand for LED television sets across the globe
The growing demand for LED television sets is observed to act as a major driver for the growth of the 3D printed electronics market. LED TVs often require unique designs and configurations to meet specific consumer preferences. 3D printing allows for highly customizable manufacturing, enabling the production of intricate and complex electronic components. This customization capability can be leveraged in the production of LED TVs, as 3D printing enables the creation of tailored designs, shapes, and sizes for electronic components.
LED TVs are becoming slimmer and more compact, requiring miniaturized electronic components. 3D printing allows for the fabrication of intricate structures with lightweight materials, making it ideal for producing smaller, more efficient electronic components. By utilizing 3D printing technology, LED TV manufacturers can achieve space-saving designs, which align with the current trend of slim and portable television sets.
Restraints: Smaller build chambers restraints the market expansion
The build chambers of 3D printers are typically tiny. Even items of industrial quality suffer from this drawback. The capacity to make objects at a substantial scale is significantly greater with injection mold presses and mills. Based on the fractional sizes that may be produced, the item would need to adhere together if someone wanted to use printing to replicate the technique. The cost and time advantages that may be achieved with smaller prototypes or components are therefore diminished when your manufacturing time increases for the larger goods.
Rising demand for customized products
The rising demand for customized products in the electronics industry/sector is observed to offer multiple opportunities for the key players involved in the 3D printed electronics market. 3D printing enables the production of highly customized and personalized electronic devices. This technology allows for the creation of complex geometries and integrated circuits, tailored to specific applications or individual needs. From wearable devices to medical implants, customization is a significant advantage of 3D printed electronics.
Challenges to handle the large volume of orders
Multiple industries prefer the production of goods in bulk quantities to boost productivity, reduce the overall cost of the production and to induce the pace of the production. Especially, electronics products that carry a standardized procedure of manufacturing are preferred to be produced at a mass level. However, 3D printing method is not yet accepted widely for producing bulk quantity. The limitations of quantity during production act as a major challenge for the market players which hinders market growth. Such challenges may hamper the market’s growth by limiting the adoption of 3D printing technology, especially for electronics. However, the technological advancements in the 3d printing technology will grow the chances for electronics industry to manufacture at a bulk level.
Major Key Players:
By Printing Technology
By End Use Industry
By Transport Techniques
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