The global conductive inks market size was valued at USD 2.44 billion in 2020. The market is projected to rise from USD 2.84 billion in 2024 to USD 3.98 billion by 2032 at 4.2% CAGR during the forecast period 2024-2032. Fortune Business Insights™ has deep-dived into these insights in its latest research report titled, “Conductive Inks Market, 2024-2032.”
The analysis indicates that ink is increasingly being used in various applications, such as printing RFID tags for computer keyboards and modern transit tickets. Additionally, this product is in high demand for energy storage components worldwide.
Report Overview
This report combines qualitative and quantitative evaluations, enriched by primary sources like interviews with key opinion leaders, enhancing insights into trends. It also uses secondary sources, including SEC filings, press releases, annual reports, and paid databases. The report employs both top-down and bottom-up methods to predict market size, revenues, and the growth of major industry players.
Market Drivers and Challenges
Increased Investments in the Electronics Industry to Boost ROI
The rapid growth of the electric sector is expected to increase the market share of conductive inks in the coming years. There is a rising demand for lightweight and efficient electronics in both advanced and emerging economies. Trends indicate that IoT sensors, RFID tags, printed heaters, and touch displays will become more prevalent. The rollout of 5G networks is also likely to enhance ROI. The demand for faster electronic devices and organic biosensors will contribute to a strong market outlook. However, fluctuating raw material prices and high costs of silver may hinder market growth.
Regional Analysis
Growth of the Electronics Sector to Drive Asia Pacific Market Expansion
Emerging economies like China and India are expected to lead the adoption of touch screens, photovoltaics, and microelectronics. The consumer electronics trend will support the growth of the conductive inks market volume in the Asia Pacific region during the forecast period. Moreover, strong government policies aimed at reducing fossil fuel consumption will further boost regional growth.
In North America, the industry outlook is positive, thanks to the presence of major companies in the U.S. and Canada. Industry players will likely capitalize on the presence of automotive giants such as Tesla and Ford. The growing popularity of electric vehicles will drive demand for conductive inks market. Additionally, the auto sector's need for advanced features will further increase the use of conductive inks.
Europe is viewed as an attractive investment destination due to the growing focus on renewable energy. According to SolarPower Europe, the region's solar industry grew by 11% in 2020, adding 18.7 Gigawatts of energy generation capacity through solar photovoltaic modules. Despite the COVID-19 pandemic, supportive government measures are expected to boost the business outlook.
Competitive Landscape
Companies to Invest in Product Development to Enhance Market Presence
Leading companies are set to increase their investments in mergers and acquisitions, R&D activities, and technological advancements. The competitive market suggests that key players may invest in geographical expansion and broadening their product portfolios.
Browse Summary:
https://www.fortunebusinessinsights.com/conductive-inks-market-106520