3D Printed Electronics Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030

Overview:

The global "3D Printed Electronics Market" is projected witness immense growth, expanding at a CAGR of 27.8% during the forecast period from 2022 to 2030. The growth is mainly credited to the growing advantages of 3D printed electronics including high proficiency and accuracy, minimal wastage in production process, etc. Proliferation of touch devices and smart displays is major factor driving the growth of 3D printed electronics market. As 3D printing technology is developing at a rapid pace, functional elements such as antennas, switches and sensors are currently being incorporated into 3D printed products, paving a way for exciting new applications, markets and opportunities. Further, rising need for cost-effective and high performance manufacturing also bodes well with the market growth.

3D printing has enticed great interest in the field of rapid prototyping for a variety of applications due to its flexibility in manufacturing and geometrical designs compared to subtractive methods such as laser cutting and mechanical machining. With the use of conductive inks combined with base materials, the printers are capable of 3D printing electronic objects. These objects are printed as a single, continuous part, that effectively creates fully functional electronics which requires minimal or zero assembly. In such a way, 3D printing is used to manufacture a variety of antennas, circuit boards, circuits, batteries, sensors and microelectromechanical systems.

Industry experts and engineers are experimenting with conformal electronics i.e. stretchable electronics that can be embedded in smart apparel, fitness trackers, skin patches, etc. Moreover, with further technological advances, printing in nanoscale and usage of newer materials like graphene could lead to additional possibilities in the product design, thereby providing lucrative opportunities to the 3D printed electronics market in the near future.

Antennas Exhibits Largest Market Share

The global 3D printed electronics market, based on product type is segmented into antennas, printed circuit boards (PCBs), sensors, and others (actuators, inductors, and mechatronic integrated devices (MID)). Demand for this product majorly driven by the environmental as well as technical benefits coupled with its cost reduction potential. The physical size of a 3D printed antenna is relatively small in comparison with the existing designs therefore they are intended to consume less space. 3D printing has allowed researchers to formulate the antenna arrays in their new configuration. A thorough study conducted by the researchers concluded that the design of 3D printed antennas can be useful in the future for creating mobile devices with 5G capabilities and higher.

Aerosol Jet Printing to Continue its Supremacy in the Market

In 2021, based on technology, the global 3D printed electronics market was led by aerosol jet printing. Aerosol jet printing has emerged as one of the promising technology for microscale digital 3D printing using functional nanomaterial inks. Electronic products such as antennas, printed circuit boards (PCBs), sensors, etc. can be printed with the use of aerosol jet printing. The technology is currently opening new avenues in development of products by sweeping out the traditional constraints with respect to substrate shape, material incompatibilities, processing cost, etc. thereby providing higher flexibility.

Aerospace & Defense Garnered Largest Market Share in 2021

In 2021, based on end-use vertical, the global 3D printed electronics market was led by aerospace & defense vertical. The aerospace & defense industry is amongst the early adopters of 3D printing technology. The history of 3D printing goes back to 1983 with some of the aerospace & defense companies beginning the experimentation with the technology as early as in 1988. The demand for new aerospace & defense electronic devices that packs more functionality into minimal space is augmenting the need for advanced manufacturing methods that tightly integrates electronic circuitry with physical packaging. The exceptional ability of printing electronics directly onto the 3D surfaces makes 3D printing an ideal solution for reducing both weight and size of the device.

North America Dominates the 3D Printed Electronics Market Globally

3D printed electronics technology gaining massive preference over the traditional manufacturing methods due to its high efficacy and precision. The 3D printed electronics market, based on geography was led by North America in 2021. The growth of this region is mainly attributed to the increasing adoption of 3D printing technology in several end-use verticals especially in the aerospace & defense industry. The U.S. market dominated the North American market in 2021 and projected to remain dominant in the coming years. Europe accounted for the second largest 3D printed electronics market in 2021. Asia Pacific projected to emerge as the fastest growing region during the forecast period from 2022 to 2030. Increasing use of consumer electronic devices including wearable devices, smartphones, drones, etc. expected to grow at a higher growth rate in the near future. Developing consumer electronics industry projected to augment the growth prospects of 3D printed electronics market in the Asia Pacific region.

Competitive Insights

Major players in the 3D printed electronics market include Nano Dimension Ltd., Molex LLC, Xerox Corporation, Novacentrix, Optomec Inc., NeoTech AMT GmbH, Voxel8, Inc, Beta Layout GmbH, Draper, and EoPlex Inc. among others. Product innovation remains one of the major strategies implemented by the players operating in the 3D printed electronics market in order to strengthen their positions globally. With advancements in technologies, demand for 3D printed electronics is likely to evolve rapidly in the coming years. As a result, the market players are focusing on strengthening their product portfolio by adopting several strategies including new product development, partnerships, mergers & acquisitions, etc.

For instance, in February 2022, Nano Dimension, one of the leading 3D printed electronics provider announced the availability of the worlds very first 3D printed electronics on-demand online service. The service will give engineers and designers an unprecedented access for developing smart objects. The new and unique 3D printing capabilities positions the Company to provide professional-grade printed antennas, encapsulated sensors, 3D printed circuitry to the engineers and designers within a span of few days. The novel service marks a further expansion of the Companys rapidly growing impact as one of the worlds leading 3D printed electronics provider, enabling customers solve unique design challenges and reduce product development timelines.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of 3D Printed Electronics market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the 3D Printed Electronics market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Product

• Antennas
• Printed Circuit Boards (PCBs)
• Sensors
• Others

Technology

• Aerosol Jet Printing
• Inkjet Printing
• Others

End-use Vertical

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

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of 3D Printed Electronics market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2030.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the 3D Printed Electronics market?
• Which is the largest regional market for 3D Printed Electronics market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving 3D Printed Electronics market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the 3D Printed Electronics market worldwide?

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