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

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

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

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Global Electronics Recycling Market to Reach US$65.8 Billion by the Year 2026

Global Electronics Recycling Market to Reach US.8 Billion by the Year 2026

Abstract: Global Electronics Recycling Market to Reach US$65. 8 Billion by the Year 2026 . Electronics recycling is set to experience increasing attention across countries as a result of rising electronic waste or e-waste.

New York, Jan. 19, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Electronics Recycling Industry” – https://www.reportlinker.com/p05443619/?utm_source=GNW
The future of electronics recycling is anticipated be significantly influenced by ongoing changes such as technological advancements and consumer inclination towards advanced products that is shortening the replacement cycle and generating significant volumes of electronic waste. The recycling technology depends heavily on a number of aspects like manufacturing approaches, purchasing behavior and use of electronics. The e-waste recycling industry is anticipated to gain from rising environmental concerns and the need to recover precious metals from e-waste. Other key factors driving the market include favorable government guidelines and regulations for managing e-waste and recycling programs globally; increasing disposable income and purchasing power of people leading to increased spending on varied electronic consumer products; and increasing affordability of consumer electronic devices. The increasing adoption of electronics recycling to refurbish functional components and high-value materials that can be reused in products is expected to drive the market growth.

Amid the COVID-19 crisis, the global market for Electronics Recycling estimated at US$32.5 Billion in the year 2020, is projected to reach a revised size of US$65.8 Billion by 2026, growing at a CAGR of 12.7% over the analysis period. Metals, one of the segments analyzed in the report, is projected to grow at a 13.3% CAGR to reach US$53.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Plastics segment is readjusted to a revised 11.5% CAGR for the next 7-year period. This segment currently accounts for a 24.6% share of the global Electronics Recycling market. Recycling of plastic products has tremendous potential to reduce the footprint of plastic. PET, which is among the most widely used recycled plastics and accounts for most of soda and water bottles, can be converted to various types of products from automotive parts to polyester fabrics.

The U.S. Market is Estimated at $7.5 Billion in 2021, While China is Forecast to Reach $15.3 Billion by 2026

The Electronics Recycling market in the U.S. is estimated at US$7.5 Billion in the year 2021. The country currently accounts for a 21.72% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$15.3 Billion in the year 2026 trailing a CAGR of 16.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR while Rest of European market (as defined in the study) will reach US$6.1 Billion by the end of the analysis period. Europe is expected to account for

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