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IndustryARC

Global Functional Printing Market (2015 2020)

By Materials (Substrates, Ink, Conductors); By Technology (Ink-jet, Screen, Gravure


printing); By Components (RFID, Displays, OPV)

TABLE OF CONTENTS
1. Global Functional Printing Market Overview
2. Executive Summary
3. Global Functional Printing Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1.

Product Benchmarking

3.2.2.

End user profiling

3.2.3.

Patent Analysis

3.2.4.

Top 5 Financials Analysis

4. Global Functional Printing Market Forces


4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. Attractiveness of the Functional printing Industry
4.4.1.

Power of Suppliers

4.4.2.

Power of Customers

4.4.3.

Threat from New entrants

4.4.4.

Threat of Substitution

4.4.5.

Degree of Competition

5. Global Functional Printing Market Strategic Analysis


5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
5.3.1.

Smart Fabrics

5.3.2.

Internet of things

5.4. Product/Market Life Cycle Analysis


5.5. Suppliers and Distributors
6. Global Functional Printing Market Regulations
7. Global Functional Printing Market By Materials
7.1. Introduction
7.2. Substrates
7.3. Conductors
7.4. Dielectric/Insulators
7.5. Functional Coatings
8. Global Functional Printing Market By Printing Technology
8.1. Inkjet printing
8.2. Screen printing
8.3. Gravure printing
8.4. Others
9. Global Functional Printing Market By Components
9.1. Electronic Components
9.1.1.

Memory/Logic

9.1.2.

Membrane Switches

9.1.3.

Touchscreens

9.2. Sensors
9.2.1.

Image Sensors

9.2.2.

Photodiodes

9.2.3.

Bio-Sensors

9.2.4.

Others

9.3. Displays
9.3.1.

Organic Light Emitting Diode (OLED) Display

9.3.2.

E-Paper

9.3.3.

Electroluminescence (EL) Display

9.4. Organic Light Emitting Diode (OLED) Lighting


9.5. Photovoltaic
9.5.1.

Cooper Indium Gallium Selenide (CIGS) Solar Cells

9.5.2.

Dye Sensitized Solar Cells (DSSC)

9.5.3.

Organic Photovoltaic (OPV)

9.5.4.

Printed Batteries & Conductive Tracks

9.5.4.1.

Printed Batteries

9.5.4.2.

Printed Conductive Tracks

10. Global Functional Printing Market By Integrated Smart Systems


10.1.

Smart Tags

10.2.

Smart Cards

10.3.

Diagnostic Labels

10.4.

Functional Packaging

10.5.

Signage

10.6.

Smart Textiles

10.7.

Ceramic Tiles

11. Global Functional Printing Market By Geography


11.1.

Introduction

11.2.

Americas
11.2.1. United States (U.S.)
11.2.2. Canada

11.2.3. Others
11.3.

Europe
11.3.1. Germany
11.3.2. France
11.3.3. U.K.
11.3.4. Others

11.4.

Asia Pacific
11.4.1. Japan
11.4.2. South Korea
11.4.3. China
11.4.4. Others

11.5.

Rest of world (ROW)

12. Global Functional Printing Market -Market Entropy


12.1.

New Product Launches

12.2.

Mergers and Acquisitions, Agreements and Partnerships, Joint Ventures and


Collaborations

13. Company Profiles


13.1.

ALTANA AG

13.2.

AGFA Gevaert Corporation

13.3.

Avery Dennison Corporation

13.4.

BASF Ltd.

13.5.

Blue Spark Technologies, Inc.

13.6.

Cambridge Display Technology

13.7.

Ceradrop MGI Group

13.8.

Cynora Ltd.

13.9.

DOW Chemicals

13.10. E Ink Corporation


13.11. Eastman Kodak Company Ltd.
13.12. Folex Ltd.
13.13. FUJIFILM Dimatix, Inc.
13.14. GSI technologies
13.15. GWENT Corporation
13.16. Kroenert Group
13.17. Novacentrix
13.18. Norbert Schlafli Machinery Company
13.19. Sigma-Aldrich Corporation
13.20. THINFILM Electronics ASA
13.21. THIEME GmbH & Co.
13.22. Toppan Printing Co., Ltd.
13.23. XAAR PLC
13.24. Xennia Technology Ltd.
13.25. 3D-Micromac AG
14. Appendix
14.1.

Abbreviations

14.2.

Sources

14.3.

Research Methodology

14.4.

Bibliography

14.5.

Compilation of Expert Insights

14.6.

Disclaimer

1. MARKET OVERVIEW
Functional Printing is defined as deposition of a printable substance on a substrate that creates
an active or passive functionality beyond traditional graphics. The resultant product would have
unique features to sense or control conductivity, resistivity, thermo-chromic reactions, fluid
dynamics and so on. The Market report consists of detailed study on Functional Printing Market
which is forecasted between 2014 and 2020 based on several segments including type of
materials, deposition techniques, coating, applications and geography.
The Functional Printing market is based on types of materials used and they are segmented into
four divisions including substrates, conductors, inks, semiconductors and encapsulants.
Substrates are again classified into four categories including polymer films, paper, glass and
ceramics. Then the market is segmented by deposition techniques such as Inkjet printing, Screen
printing, Gravure printing, Aerosol jet printing and Offset lithography. Screen and Inkjet
printing techniques are the major ones. Functional Printing Market is further segmented by
coating techniques such as conformal coating, conductive coating, dielectric coating and UV
coating.
Subsequently, the Functional Printing Market thoroughly covered all the related applications
which include electronics components: RFID, resistors, transistors, logic memory and sensors;
electronic devices: OLED lighting, printed batteries, displays and photovoltaic. The last segment
provides a complete analysis of functional printing market based on following geographic
distribution: Americas, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). These
geographies are further classified into countries holding prominent share in the global functional
printing market for the forecast period.
Apart from this, major material suppliers, OEMs, ODMs and end user manufacturers such as
AGFA, BASF, 3D-Micromac AG, Novacentrix, Thinfilm Electronics, Kodak and many others
have been profiled. The company profiles give an overview of their business overview, key
product lines, financials along with strategy and important developments happened in the
company pertaining to Functional Printing market in the period 2011 to 2014.

2. EXECUTIVE SUMMARY
The report showcases the market condition and statistics of Functional Printing market. The
main factors that are drawing the attention to enter markets are smart phones and tablets. The
display and lighting markets have found the core importance of the Organic Light Emitting
Diode (OLED) market and developments. Some of the silicon based fabricated components are
found to be more costly and also facing many environmental issues. These factors demanded for
low cost and sustainable techniques, thus functional printing market is increasing.
Many manufacturers have started functional printing to print electronic parts and components
through getting benefit in design, cost and material utilization. Printed electronics market has
occupied the growth stage in the product life cycle where the growth is continuous and
exploring. The growth is due to its high efficiency at low cost material which is sustainable.

Global Functional Printing Market, (in $


Million)

Global Functional Printing Market, By Years, 2014-2020 ($ Million)


30,000.0
25,000.0
20,000.0
15,000.0
10,000.0
5,000.0
-

2014

2015

2016

2017

2018

2019

2020

Source: IndustryARC Analysis and Expert Insights


The global functional printing market in 2014 was standing at $6.9 billion. This market is
analysed to up surge from $8.2 billion in 2015 to $25.4 billion by 2020 with a CAGR of 25.3%.
The market for the year 2014 was significantly dominated by printed electronic components and
sensors with 36% and 21% share, respectively. By 2020, display screens including OLED, EPaper and Electroluminescence will emerge to be the notable share holder in the global
functional printing market with 35% share.

Global Functional Printing Market, (in $


Million)

Global Functional Printing Market, By Geography, 2014-2020 ($ Million)


30,000.0
25,000.0
20,000.0
15,000.0
10,000.0
5,000.0
2014

2015

Americas

2016

Europe

2017

2018

APAC

RoW

2019

2020

Source: IndustryARC Analysis and Expert Insights


Europe was the leading geographic region in global functional printing market with total market
worth $2.8 billion in 2014. The European market will remain strong by 2020 with the presence
of key organizations and associations that have been developing new technologies for functional
printing market. This is followed by Asia-Pacific and Americas that have also been witnessing a
tremendous inclination for functional printing in the recent years primarily due to their low cost
production.
Functional printing replaced many electronic components and became the next best alternative
to manufacture the electronic components. The processing time taken is less which is less than a
minute and the deposits for processing can be above 50m.

Key drivers of Global functional Printing Markets are cost reduction, economic friendly and
industry feasible (high volume).

Major Industries of Global functional Printing Markets are Lighting Industry, Automotive
Industry and Energy.

Key challenges of printed electronics are materials should contain improved process ability
and the process requires high-throughput inline electrical characterization.

Some of the key players in the functional printing market include organizations from the
perspective of both material supplier and end-use components and systems fabricators such as
Thinfilm Electronics, DuPont, Eastman Kodak, AGFA, GSI Technologies, BASF and many
others.

4.1MARKET DRIVERS
1.1.

Innovation in Wearable Electronics and Smart Packaging boosts functional


printing market

Smart Packaging:
The developments of printed electronics have been mainly focusing on expensive high-end
products which include displays, smart phones, lighting and wearable devices. But this technique
is also implemented in the packaging to make them more stimulating and functional. In order to
include the electronics on packaging, printed electronics related products are expensive for its
wider range of applications in packaging which is the reason behind that the integrated
production is missing. Therefore, establishing new assembly line needs large investment.
Many institutes have taken this as a challenging factor and took initiative to grow cost-effectively
for smart packaging and conducted several projects and evaluations.
Now, the electronics can be easily be integrated to any packaging, with the existing production
technique. As the combinations of the materials are environment friendly materials, the disposal
is not a big issue. Smart packaging can be emerged in the functional printing market as they are
also into other product category such as bottle labels with integrated battery, LED, circuit and a
humidity sensor which can send the signals of the temperature printed circuit to LED.
Wearable Devices:
The main market drivers for functional printing in the wearable electronics are particularly in
wrist wear and eyewear segments. Also, the customer preference on the smart devices is
increasing which have innovative functions and technologies to drive growth in the global
market.
There is a growing interest among the customers on the advanced technologies of
communication, networking and recognition. As wearable devices are often limited in space and
size, printed electronic components at low cost are paving new ventures for their integration into
wearable devices. The rise and increase in developments in the next generation of wearablesis
expected to drive the functional printing industry in the coming years.

11.3 EUROPE
The areas in which the European market is strong are automotive, industrial automation, energy,
and security. Other than the generalized markets there is an emerging high growth area,
particular Internet of Things and the development of Smart-labels, OLED lighting and displays
markets where most of the company manufacturing the OLED products are more. The new
technology adaption and implementation is also found more in the European market. The
market is regaining strong presence in printed electronics market where the mobile and wireless
applications are increasing. The target for European market is to capture 20% growth in these
markets. Many Trade shows and conferences are being conducted and made successful to take
part strongly in the functional printing market.

Europe Functional Printing Market, (in $


Million)

Europe Functional Printing Market, By Countries, 2014-2020 ($ Million)


10,000.0
9,000.0
8,000.0
7,000.0
6,000.0
5,000.0
4,000.0
3,000.0
2,000.0
1,000.0
2014

2015

Germany

2016
U.K.

2017

France

2018

2019

2020

Others

Source: IndustryARC Analysis and Expert Insights


Germany remains the leading market for Europe Functional Printing Market in 2014 with 45%
share followed by U.K. and France with 33% and 17% share, respectively. Germany and U.K.
will remain significant market in Europe, both growing at a CAGR of more than 22% between
2015 and 2020.
The European Commission has strongly favoured the growth of Organic and Large Area
(OLAE) electronics that will be a notable factor boosting the functional printing market in the
region in future. The funding process all over the Europe for OLAE research is integrated from

the research programs organized in different countries and organisations. The Polynet team
mainly focused on developing technology SMEs to strengthen their position in the OLAE
industry, workshops and providing support in terms of technology and training and guiding. The
Organic and PrintedElectronics Association (OE-A), was established for the SMEs to allow easy
access and get up-to-date information on the research process of OLAE.

13. COMPANY PROFILE


Thin Film Electronics ASA
Headquarters:
Henrik Ibsens gate 100
Oslo, 0255
Norway
Tel: +49 281 6708
Fax: + 47 23 27 27 01
Website: www.thinfilm.no

Business Overview
Thinfilm, headquartered in Oslo, Norway was started in mid 1990s as a subsidiary of Opticom.
The initial business of the company included development of all-plastic memory devices.
Gradually, was incorporated in 2008 on Oslo Stock Exchange. Thinfilm Electronics ASA is
engaged in research, development, production, and commercialization of technology and
products of physical storage of information.
Thinfilm manufactures printed systems, which include display, wireless communication devices,
memory and sensing. Its products include Thinfilm Memory - a ferroelectric polymer that
provides non-volatile and fully rewritable data on a label, Thinfilm Brand Protection Solution - it
helps manufacturers to protect their brands from copying and grey market activity, Reading
Thinfilm Memory - a reading device, and memory cards and kiosks. The company also develops
Thinfilm time-temperature sensors, blood oxygen sensors and intelligent packaging platform.
Number of employees working in Thinfilm Electronics are 83 as of 2014.

Products & Services


Thinfilm product family consists of Memory labels, Brand protection solution, sensor labels,
display labels, and NFC Smart Labels.
Segmentation

Product type

Memory Labels

For smart consumables

For brand protection

For toys & games

Display Labels

---

Sensor Smart Labels

For temperature
detection
Open sense technology

NFC Smart Labels

Application
Smart consumables are used in consumer
products, industrial assembly lines, photocopiers
and so on.
It is used in diversion monitoring, grey market
tracing, pharmaceutical authentication and so
on.
Memory labels are used in disposable toy and
game components, loyalty cards or visitor cards
for exhibitions.
They use ultra-low-cost display media to
communicate information stored in the memory.
They can be used on sensors.
Used in biologics, vaccines, medical products
including blood, meat, vegetables and so on.
Used in wines, spirits, cosmetics, automotive
parts, fashion and fragrance.

Financials
The annual revenue for the years 2011, 2012 and 2013 has been represented below for Thinfilm.

Thin Film Electronics Annual Revenue


($ Million)

Thin Film Electronics Annual Revenue, By Years, 2011-2013 ($ Million)


1.9

2
1.8
1.6
1.4
1.2
1
0.7

0.8
0.6
0.4

0.3

0.2
0
2011

Source: Company Website, Annual Report

2012

2013

The company generated revenue of $1.9 million in 2013, a record growth of 171% over 2012.
This has been primarily due to the inconsistent growth in the field of printed electronics market
in which Thinfilm remains to be a leading contender across the globe.

Developments
Date
February 2015

Approach
Collaboration

Description
ThinFilm Electronics ASA collaborated with Diageo plc to
innovate the smart bottle. This bottle would have a tag which
enables the customer to read with their smart phones. It
detects both sealed and opened date of each bottle.

January 2015

Partnership

Thin Film Electronics ASA announced a strategic partnership


with Xerox for Mass Production of Thinfilm Memory(TM)
Labels.

July 2014

Collaboration

Thinfilm Electronics ASA announced a collaboration


agreement with EVERYTHING, to apply digital interactivity to
physical objects.

Source: Company Website, Press Releases

14.3RESEARCH METHODOLOGY
The quantitative and qualitative data collected for the Functional Printing market report is from
a combination of secondary and primary sources. Research interviews were conducted with
senior executives and/or managers of leading functional printing providers. These Key Opinion
Leaders (KOLs) were then provided with a questionnaire to gather quantitative and qualitative
inputs on their operations, performance, strategies and views on the overall market, including
key developments and technology trends. Data from interviews is consolidated, checked for
consistency and accuracy, and the final market numbers are again validated by experts. The
global market was split by materials, printing technology, printed components and systemsand
geography based on different factors like primary and secondary sources, understanding of the
number of companies operating in each segment and also KOL insights.
We have used various secondary sources such as directories, articles, white papers, newsletters,
annual reports and paid databases such as OneSource, Hoovers and Factiva to identify and
collect information for extensive technical and commercial study of the Functional Printing
market.
The key players in the market and its value chain were identified through secondary research and
their market opinions were also gathered in a similar way through telephonic interviews and
questionnaires. We have also studied the annual reports of these top market players. Interviews
with key opinion leaders such as directors, managers, and marketing personnel were used
extensively in understanding the need and emergence of the Functional Printing market.

THE ARC ADVANTAGE

An analytical model lies at the core of our process, ensuring logical consistency throughout our
research. We complement the model with secondary data and interviews with industry experts to
reflect the latest trends. With our final expert validation, we provide you with only the most
accurate and actionable intelligence.

THE ARC PROCESS


Analytical
Method
1. Granular
breakdown of
drivers into
factors
2. Validate all
factors in terms
of their present
impact on the
market
3. Assign weights
to these factors in
terms of their
relevance and
impact on the
market
4. Build the
Analytical Model
ANALYTICAL MODEL

Base Method

1. Get a topdown estimate of


the market
2. Follow it up
with a bottom-up
estimate of the
market
3. Check
forconsistency
and new growth
factors that are
relevant over the
next 10 Years

4. Build the Base


model
BASE MODEL

Consolidation
Method
1. Granular
breakdown of
drivers into
factors
2. Validate all
factors in terms
of their present
impact on the
market.
3. Assign weights
to these factors in
terms of their
relevance and
impact on the
market.
4. Build the
Consolidated
Model

Delphi
Verification
1. Verify the
findings of the
model with
experts from
across the value
chain
2. Verify the
findings with
players across
small and large
enterprises
3. Tweak the
model and add
new factors
4. Finalize the
ARC Model

CONSOLIDATED MODEL

ARC MODEL

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