
According to Stratistics MRC, the Global Printed Electronics market is expected to grow from $3.56 billion in 2015 to reach $12.83 billion by 2022 with a CAGR of 20.1%. Increasing usage of printed electronics through LED's & smart phones, cost efficient products are the major factors propelling the market growth. In addition, rising adoption of Internet of Things is the factor driving the market growth. However, intensified competition from substitute products, lack of awareness among end users, complicated production processes are the constraints hindering the market growth.