by The printed electronics market in South Korea comprises various products including displays, RFID tags, batteries, sensors and others. The technology uses printing techniques like screen printing, flexography, gravure and inkjet printing for deposition of thin-film conductors and semiconductor layers on various substrates including paper, plastic and glass. These conventional printing methods allows for manufacturing of electronic devices using conventional printing processes. The growing demand for flexible devices, miniature electronic components and wearable technology is driving the demand for printed electronics in South Korea. The printed electronics finds wide applications in various sectors including automotive, consumer electronics, healthcare, retail and others.
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. These players are investing significantly in the development of innovative products and technologies in printed electronics.
The increasing demand for wearable devices, flexible displays and Internet of Things (IoT) devices is expected to drive the growth of printed electronics market in South Korea. Printed technologies allow manufacturing of flexible and lightweight electronics with enhanced functionality.
Geographical expansion of key players into foreign markets and establishing strategic partnerships are some key factors expected to boost the revenue generation from printed electronics market globally over the forecast period.
Market key trends
One of the major trends in the South Korea printed electronics market is the increasing adoption of printed electronics in healthcare applications. Printed sensors, flexible displays and thin film batteries are finding wide usage in applications such as medical devices, healthcare monitoring and drug packaging. This is expected to drive the demand from healthcare sector going forward.
Porter’s Analysis
Threat Of New Entrants: Low investments for entering South Korea printed electronics market
Bargaining Power Of Buyers: Buyers have moderate bargaining power due to availability of substitutes
Bargaining Power Of Suppliers: Suppliers have low bargaining power as there are many suppliers for raw materials.
Threat Of New Substitutes: High threat from digital technologies like LEDs and OLEDs
Competitive Rivalry: Fierce competition between existing players
South Korea printed electronics market is concentrated in Seoul Metropolitan area. Around 60% of the total value sales of printed electronics in South Korea is from Seoul Metropolitan area which includes Seoul city and surrounding regions. This is due to presence of majority of end use industries like consumer electronics, automotive, healthcare etc and headquarters of key players in this region.
China is the fastest growing geographical region for South Korea printed electronics market. China market is growing at a CAGR of over 17% during the forecast period. This high growth is attributed to growing electronics manufacturing industry in China and relocation of few printed electronics production capacities from South Korea to China.
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 Market’s growth between 2024 and 2031.
:- Accurate calculation of the size of the South Korea Printed Electronics Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behavior
:- South Korea Printed Electronics Market 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 Market vendors
FAQ’s
Q.1 What are the main factors influencing the South Korea Printed Electronics market?
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 Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the South Korea Printed Electronics market’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:
- Source: CoherentMI, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
