June 21, 2024
South Korea Printed Electronics Market

South Korea Printed Electronics Market is Driving Growth through Flexible Applications

The South Korea printed electronics market features a wide range of products that include displays, sensors, batteries, RFID tags, photovoltaic cells and memory devices. Printed electronics offer several advantages such as flexibility, ultra-thinness and lightweight. They can be printed on various heat sensitive substrates such as plastic,paper and textiles. This has increased their usage in wearables, OLED lighting and healthcare among other applications.

The Global South Korea Printed Electronics Market Size is estimated to be valued at US$ 330.3 Mn in 2024 and is expected to exhibit a CAGR of 13. % over the forecast period 2024-2031.

Key Takeaways

Key players operating in the South Korea printed electronics are Samsung Display Co., Ltd., LG Display Co., Ltd., Seoul Viosys Co., Ltd., Agfa-Gevaert N.V., Optomec Inc. and Among Others. Samsung and LG are dominating the flexible OLED display market with their latest technologies. The demand for printed flexible electronics is growing rapidly due to their increasing usage in emerging sectors like wearables, medical devices and connected devices. Countries like South Korea, China and Japan are focusing on expanding their printed electronics production capabilities to leverage the market opportunities globally.

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Market Key Trends

New developments in conductive inks, substrates and printing technologies are driving growth of flexible and stretchable printed electronics. For instance, developments in silver nanowire inks are enabling highly conductive and flexible patterns. Silver nanowire inks have higher conductivity and flexibility compared to conventional conductive polymers. They are finding increasing usage in development of stretchable displays, smart fabrics and healthcare wearables. Miniaturization of electronic components, improvements in resolution and demand for flexible form factors are expected to boost South Korea printed electronics market over the forecast period.

Porter’s Analysis

Threat Of New Entrants: Low capital requirements and established value chain pose low threat of new entrants.

Bargaining Power Of Buyers: Large pool of established players gives buyers higher bargaining power.

Bargaining Power Of Suppliers: Presence of specialized input suppliers gives them higher bargaining power in the market.

Threat Of New Substitutes: Emerging technologies like flexible displays pose threat of substitution.

Competitive Rivalry: Intense competition amongst established players leads to high competitive rivalry.

Geographical Regions

The South Korea printed electronics market is concentrated in Seoul, the capital city of South Korea. Around 65% of the total value of printed electronics produced in the country originates from Seoul due to the presence of major players like Samsung and LG along with a strong electronics manufacturing ecosystem.

The Asia Pacific region excluding South Korea is the fastest growing geographical region for the printed electronics market. Countries like China, Japan and emerging economies in Southeast Asia are witnessing highest growth due to low cost manufacturing and rapid electronics adoption. The region accounted for over 35% of the global market value in 2024 and is expected to continue dominating during the forecast period.

What Are The Key Data Covered In This South Korea Printed Electronics Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the South Korea Printed Electronics’s growth between 2024 and 2031.

:- Accurate calculation of the size of the South Korea Printed Electronics and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- South Korea Printed Electronics Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of South Korea Printed Electronics vendors

FAQ’s

Q.1 What are the main factors influencing the South Korea Printed Electronics?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top South Korea Printed Electronics companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the South Korea Printed Electronics’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it