Transparency Market Research (TMR) has released a new report on the global printed and flexible sensors market,
which delivers key insights on this industry. This report is titled
“Printed And Flexible Sensors Market - Global Industry Size, Share,
Trends, Analysis, And Forecasts 2012 - 2018”. According to this report,
the global printed and flexible sensors market will expand at a moderate
2.5% CAGR during the forecast period. The market was valued at US$6.28
billion in 2013 and is projected to be worth US$7.51 billion by 2020.The
expanding internet-of-things (IoT) sector is expected to provide good
growth opportunities for market players operating in the global printed
and flexible sensors market. The global IoT market is worth billions and
the rise of cloud apps, wireless networks, and sensors is expected to
drive this market. The global printed and flexible sensors market is
fragmented in nature and marked by the presence of several MNCs.
Factors
such as the massive market potential along with increasing support from
governments will aid the development of the global printed and flexible
sensors market in countries such as China, the U.K., the U.S., and
Germany. Furthermore, these factors have led to a rise in the number of
new entrants in the global printed and flexible sensors market. The most
established firms operating in the global printed and flexible sensors
market are KWJ Engineering, Thin Film Electronics ASA, GSI Technologies,
Peratech UK, and ISORG.By type, the global printed and flexible sensors
market is segmented into biosensors, capacitive, gas sensors,
temperature sensors, hybrid CMOS sensors, digital x-ray sensors,
photodetectors, piezoresistive sensors, and piezoelectric sensors.
Biosensors are the most matured sector in the global printed and
flexible sensors market. Glucose strips used to track and monitor
glucose levels in diabetics is a multi-billion industry.
Presently,
the printed biosensors sector holds the largest market share in the
global printed and flexible sensors market and will continue its
dominance throughout the forecast period. Other emerging applications of
printed biosensors technology include evaluating and monitoring heart,
cancer, and kidney diseases.Flexible and printed piezoelectric sensors
find their application in the textile, automobile, consumer electronics,
and healthcare industries. The sector of piezoelectric printed and
flexible sensors is projected by TMR analysts to demonstrate the fastest
growth during the forecast period. On the other hand, the rising
production of motor vehicles offers a bright outlook for this sector.
Other promising application sectors of the global printed and flexible
sensors market include gas sensors, photodetectors, and temperature
sensors.
Geographically, the global printed and flexible sensors
market is divided into North America, Asia Pacific, Europe, and Rest of
the World. The European printed and flexible sensors market is leading
in terms of new product development and other innovations.In 2013, North
America dominated the global printed and flexible sensors market, with
Europe following closely. However, Asia Pacific is anticipated to be the
fastest growing regional market for printed and flexible sensors during
the forecast period. The Asia Pacific regional market for printed and
flexible sensors will thrive primarily due to the accelerating
outsourcing of production and growing industrialization in nations such
as China and India.
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Source: http://global.ofweek.com/news/Printed-and-Flexible-Sensors-Market-to-be-worth-7-51-billion-32290
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