Sensors are electronic devices that convert one form of energy to another, such as microphone, loudspeaker, thermometer, antenna, and position and pressure sensors. These devices perform input function because they “sense” a physical change in some devices that change in response to reactions such as heat and force, and convert into an electrical signal. Sensors are also considered as a part of the Internet of Things (IoT) network and are included in the architecture of microcontrollers. IoT can be any object, which has been assigned an IP address and has the ability to transfer data over network.
Sensors are increasingly playing an important role in the printing technology and lead to the development of printed sensors. Printing technology refers to the technique of developing thin film devices either by printing or coating of organic or inorganic materials. The new generation printed sensors offer new levels of sensitivity, mobility, and manufacturability. Compared to silicon-based sensors, printed sensors can combine semi-conductor, conductive materials, and materials with special mechanical, optical, and thermal aspects with more flexible methods. Printing technologies are specially designed for sensors that are used to convert non-electrical signals to electrical signals. Printed sensors are less costly, environment-friendly, and mass productive. Printed sensors are used to detect and measure humidity, temperature, freshness of food, light, sound, pressure, and toxic gas. The biggest market of printed sensors is the glucose sensors and the market for image sensors is also rapidly increasing.
COVID-19 Scenario Analysis:
The COVID-19 pandemic is speeding up the adoption of Industry 4.0, leading enterprises across industries into a more sophisticated state of the IoT technology and workflow using sensors that influence production, maintenance with modified service intervals, human resources with new job requirements, and marketing with new and detailed knowledge of customers' individual use cases.
The usage of sensors such as temperature sensors and SPO2 sensors has increased due to COVID-19, which is expected to play a vital role in the growth of the printed sensor market.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Rapid industrialization is the driving force for the growth of this market. Industrialization leads to the increase in demand for sensor-based products, which has in turn been epitomized by the IoT. Printed sensors are highly used in automobiles, industrial, and healthcare instruments. The market is also hugely driven by consumer electronics goods, owing to the rise in demand for hi-tech digital cameras, mobile phones, personal computers, laptops, and others. The evolving trend of the IoT is expected to increase the applications of printed sensors. Being thin, light weight, and flexible in nature, the printed sensors are apt for exchange of data to be used in the IoT. The surge in application of biometric technologies in smart phones, e-passports, and others also creates a wide market for printed sensors.
A major pull factor of this market is the durability of sensors. Printed sensors are very thin, which makes them easily breakable. The sensors contain digital information embedded within, which poses a threat to privacy if got stolen.
Despite few disadvantages of the printed sensors, the market is expected to grow during the forecast period. High disposable income and improvement in standard of living are anticipated to increase the use of high-end mobile phones, cameras, and other gadgets, which in turn will increase demand for printed sensors. The recent years have seen the rise in diseases such as diabetes, which requires the use of printed glucose sensors that measures the sugar level. The use of printed glucose sensors is prevalent in developing countries.
Key Benefits of Report:
This study presents the analytical depiction of the industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
The current market is quantitatively analyzed to highlight the printed sensor market growth scenario.
The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in Printed Sensor Market Report:
Which are the leading market players active in the printed sensor market?
What would be the detailed impact of COVID-19 on the printed sensor market?
What current trends would influence the printed sensor market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What are the projections for the future that would help in taking further strategic steps?
Printed Sensor Market Report Highlights
By Industry Vertical
Key Market Players
ISORG, Thin Film Electronics, Peratech Holdco, KWJ Engineering, Polyic, Canatu, Mc10, PST Sensors, Tekscan, GSI Technologies, Interlink Electronics