Printed electronics refers to a process in which printing technology is used to produce various kinds of electronics goods, such as electronic circuits, sensors and devices. Printed electronics is emerging as a technology that will replace traditional photolithography, which requires costly materials, complex processes and expensive equipment, for the production of simple circuits or electronics components. In addition, printing technology allows patterning a desired substance on a specific location without complex processes. 

According to the “Emerging Displays Report – Printed Electronics Technology – 2013” report, published by IHS, the applied market for printed electronics is forecast to gradually grow after 2015. The total applied market created by printed electronics technology is expected to grow at a compound annual growth rate (CAGR) of 47 percent to $24.3 billion by 2020 from $3.3 billion in 2013.

The global printed electronics market is expected to grow in sync with the opening of the flexible display market. Currently, the technology is commercially applied to touch panel sensors and FPCBs, which have relatively low entry barriers. With partial application to RFIDs, smart tags, LCDs and OLEDs, the technology will gradually expand its application to the fabrication of flexible displays and thin film photovoltaics.