Printed/Flexible Sensor Market In An Upward Spiral

According to a Research Cosmos report, the global printed and flexible sensors market was valued at $7.2 billion in 2016, and is projected to reach $12.3 billion by 2024, growing at a CAGR of 7% from 2017 to 2024. In 2016, the biosensor segment market generated the highest revenue share in this market. Among major regions, North America was the highest revenue generating market valued at $2.3 billion in 2016.

 

The report, “Printed and Flexible Sensor Market By Type, Industry Trends, Estimation & Forecasts to 2024”, estimated that constant improvisations in manufacturing technology have abridged the production and sensors costs radically due to which the market is expected to see a moderately slow growth in terms revenue. However, the prices of printed and flexible sensors are anticipated to decline in future with further advancements in manufacturing processes, hence enhancing the market growth.

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Sensors Midwest, the industry's largest event focusing on sensors, design, and IIoT in the Midwest region, is scheduled for October 16-17 at the Donald E. Stephens Convention Center in Rosemont, IL. Co-located with STMA, the event draws over 1,000 engineers and engineering professionals that are looking for access to the latest sensor advancements and will provide an opportunity to connect with the area's greatest technology leaders and suppliers.

 

Conclusions

  • Biosensors represented the largest application segment in the printed and flexible sensors market in 2016
  • Piezoresistive sensors are expected to witness the fastest growth during the forecast period
  • Geographically, North America accounted for the largest share of nearly 32% of the printed and flexible sensor market in 2016.
  • Asia-Pacific region is supposed to witness the fastest growth during the forecast period owing to advancements in sensor fabrication and encapsulation technologies that have reduced the sensors production cost. Countries such as Japan, South Korea and China offers the highest contribution to the Asia Pacific printed and flexible sensors market. 

Interested in learning more? Get a sample of the report.

 

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