3D Printed Electronics Market to Reach US$ 6 Bn by 2031; Widespread Application in Consumer Electronics to Generate Massive Revenues: TMR Study

January 31, 2022 Audrey

ALBANY, N.Y., Jan. 27, 2022 /PRNewswire/ — 3D printing is gathering traction among technology companies for prototyping of PCBs and numerous other electronic components. 3D printing of electronics has allowed many businesses to gain design freedom and shift to in-house production. The global 3D printed electronics market is projected to advance at CAGR of 31.26% during the forecast period of 2021–2031.

Rise in consumer demand for flexible electronics is fueling prospects of the 3D printed electronics market. An ever-growing trend of miniaturization of electronic components, especially for flexible electronics and wearables, is thus bolstering the revenue prospects, assert analysts in a TMR study on the 3D printed electronics market.

The preference of 3D printing in making glass-free electrophoretic displays (EPD)-based flexible and OLED displays has spurred the opportunities. Revenues in the overall consumer electronics sector are projected to expand at rapid pace. TMR analysts analyzing the revenue potential in various end-use industries found that the segment is estimated to advance at CAGR of 31.58% from 2017 to 2031.

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Key Findings of 3D Printed Electronics Market Study

Automotive Industry to Present Massive Revenue Gains: Rise in 3D printed electronics in making several automotive components with greater design freedom. Of note, advancements in 3D printed materials and technology have enabled companies to meet the complex geometries and accurate configurations of automotive electronics. Other benefits include faster turnaround time and reduced cost of production. The technology is gaining attention among automotive, aerospace, and defense manufacturers owing to the freedom of customization for automotive electronics and faster time-to-market.

An in-depth study on the 3D printed electronics market has found the automotive industry replete with opportunities, and has projected the segment to advance at CAGR of 31.67% during the forecast period.

Substantial Demand for 3D-printed Flexible Displays and Wearables Spur Market Growth: Companies in the 3D printed electronics market have ramped up their investments to explore the potential of 3D printing in manufacture of sensors and circuit boards. The trend has gained momentum with advancements in 3D printers and additive manufacturing technologies, thereby propelling the sales revenue for companies in the market. Furthermore, the proliferating demand for next-gen flexible electronics and wearable for healthcare industry has opened up vast opportunity for them. A case in point is growing popularity of 3D printing methods for bendable OLED TVs.

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3D Printed Electronics Market: Regional Growth Dynamics

Globally, Asia Pacific is projected to witness remarkable opportunities during the forecast period. The growth of the Asia Pacific 3D printed electronics market is underpinned by substantive demand for products in several end-use industries notably in consumer electronics and automotive. Moreover, prominent players in the regional market have boosted R&D activities in 3D printed electronics, thereby extending the scope of commercialization of innovative products.

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3D Printed Electronics Market: Key Drivers

The proliferation of Internet of Things (IoT) devices

Global Power Electronics Market By Application, By Device type, By Material, By Regional Outlook, Industry Analysis Report and Forecast, 2021

December 28, 2021 Audrey

The Global Power Electronics Market size is expected to reach $46. 81 billion by 2027, rising at a market growth of 4. 4% CAGR during the forecast period. Power electronics is one of the applications of solid-state electronics, in which electric power is transformed from one state to another, and regulated efficiently and effectively.

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It is utilized across a broad range of devices in the industrial, automotive & transportation, consumer electronics, renewable energy, and defense & aerospace sectors.

Several power electronics vendors have high inclination towards the renewable energy market. The energy-saving trend in industries such as energy storage & data center, and the growing commercialization of 5G technology would provide lucrative opportunities to the key market players, particularly in distribution centers and in communication applications.

In addition, some growth factors of the industry are the trend of electric and autonomous vehicles in the automotive industry and the growing production of electric vehicles. Also, silicon carbide devices are majorly used in the onboard battery chargers of electric taxis, buses, Lorries, and passenger cars.

Factors like the increasing construction of hyper-scale data centers and the rise in demand for data center power solutions in such facilities would spur the growth of the power electronics market over the forecast period. These power electronics devices provide more electrical stability, high performance, and maximum energy consumption.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has significantly impacted various sectors of the business domain. Various restrictions like social distancing, lockdown, travel ban across borders have severely disrupted the supply chain around the world. In addition, the lack of workforce and the temporary ban on the manufacturing units in the initial phase of the pandemic have negatively impacted the demand and supply of power electronics in the market.

Moreover, companies operating in this market are taking initiatives to cope up with the effects of the pandemic along with, preparing themselves for such future incidents. Many governments are helping manufacturers to resume their operations and expand production capabilities by relaxing stringent mandates and regulations, which would accelerate the demand and growth of the power electronics market during the forecast period.

Market Growth Factors

Swift production of the electric vehicles

An electric motor vehicle has a wide range of components, which use power electronics like windshield wiper control, ignition switch, interior lighting, adaptive front lighting, and electric power steering. The increase in the number of electric vehicles and plug-in hybrid electric vehicles would augment the demand for power electronics, thereby boosting the market growth. The growing awareness among the people regarding environmental impact and emissions regulations that are framed by the governments in developed nations, particularly across Europe, to minimize emissions from vehicles would boost the demand for electric vehicles.

Rising technological advancements in insulated-gate bipolar transistors (IGBT)

Licking Valley sisters workforce up to build application, gain know-how competitiveness

December 6, 2021 Audrey

Maya Sensabaugh (center) watches as her sister, Taya, gives the presentation of their app during the TECH CORPS Hackathon at Zane State College. — Maya Sensabaugh (middle) watches as her sister, Taya, gives the presentation of their app all through the TECH CORPS Hackathon at Zane Point out University.

HANOVER — Taya and Maya Sensabaugh are common sisters, their mom said.

“You know how sisters can be. They battle,” Brandy Sensabaugh acknowledged. “But they’ve gotten close in high university.”

Licking Valley senior Taya and freshman Maya produced an even tighter bond a short while ago. They teamed up, together with Jacob Keffer from Tri-County Occupation Center, to get the 2021 TECH CORPS Hackathon sponsored by AT&T at Zane Point out University. They made an application that allows consumers to enter hobbies or other passions to match with persons about them, to make a lot more mates.

“We just did it for fun. We were being not anticipating to get,” stated Maya, who needs to turn into a guidance counselor. “We were being really stunned,” Taya admitted.

Licking Valley sisters Maya (left) and Taya Sensabaugh celebrate after winning the TECH CORPS Hackathon at Zane State College. — Licking Valley sisters Maya (remaining) and Taya Sensabaugh celebrate soon after successful the TECH CORPS Hackathon at Zane Point out School.

Students uncovered how to use a cellular app advancement tool and obtained guidance and guidance from engineering pros from the neighborhood. They have been tasked with building a cell application that solved a authentic-planet dilemma.

“Just after 19 months of dwelling through a world pandemic, we chose the concept ‘Coming Together’ and have been so pleased with how the pupils embraced the problem by making applications that could genuinely carry folks collectively,” described Lisa M. Chambers, TECH CORPS nationwide executive director.

TECH CORPS was started in 1995 by Gary Seaside, Publisher Emeritus of CIO Journal and writer of The U.S. Technological know-how Capabilities Hole. Due to the fact 1995, far more than 15,000 TECH CORPS volunteers have shared their time and skills aiding universities and nonprofit businesses in their communities, guaranteeing K-12 students have access to technological innovation packages, capabilities and assets that get ready them for faculty or professions.

The Hackathon opposition was also held in-man or woman in Akron and Columbus, and more than 60 significant faculty pupils from all above the state were aspect of the 12-hour celebration, that culminated with the students’ presentation of their application.

It all commenced for the Sensabaughs when they attended a school evening at Zane Condition, exactly where Taya needs to analyze graphic layout, They noticed the TECH CORPS booth and were intrigued by the Hackathon. “Taya asked them, and we explained it would be awesome if her sister could do it, way too,” Brandy said. “Equally girls are shy. It was excellent for them to attempt something not in their ease and comfort zone.”

Their 12 hrs started with deciding what their app would target on. “It was variety like a puzzle piece,” Taya stated. “It took two hours to figure out what we were heading to do.” When they determined, they were being in a position to use a internet site for the programming part. Maya, considered the know-how pro in the family members,