Conductive Inks Market Size is expected to reach US$ 5,119.80 Million by 2028

 According to our latest market study on “Conductive Inks Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” the market is expected to grow from US$ 3,565.80 million in 2021 to US$ 5,119.80 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2022 to 2028.

Radio Frequency Identification (RFID) is a wireless data capture and identification technology that uses radio frequency (RF) waves to recognize, track, and identify people, things, and animals. RFID system (transceiver) consist of an antenna, RFID tags (transponders) that are electronically programmed with unique information, and an RF module (reader) with a decoder. RFID has the potential to revolutionize distribution, retail, e-commerce, and manufacturing. The technology has quickly progressed from a niche technology to a worldwide technology that brings financial results to retailers across the world. RFID has excellent adhesion, flexibility, and compatibility, making it suitable for many applications. It is widely utilized in various devices, such as passports, smart cards, and credit cards.

RFID products can broadcast and receive certain radio frequencies. This RFID technology is rapidly recognized by technology providers for improving their supply chain management and tracking the vehicle. Many businesses, particularly retailers, implement RFID technology quickly.

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Dupont, Henkel, Novacentrix, Merck, and Heraeus are among the key players operating in the conductive inks market. Several important conductive inks market players were analyzed during this study to get a holistic view of the market and its ecosystem.

Conductive inks offer various advantages, such as reduced material density, lower component weight, and easy handling. As a result, the adoption of conductive inks is rising to improve the quality and quantity of smaller and more efficient electronics. The use of conductive inks in printing RFID chips has several advantages, such as reduced size and faster and efficient production, resulting in low production costs. Therefore, the conductive ink industry is predicted to expand due to the rising demand for RFID tags.

Key Findings of Study:

Rapidly growing technological advancements, changing consumer electronics gadgets categories, and shifting competition dynamics are likely to bring significant changes in the North American consumer ink market in the coming years. Further, rising awareness of miniature, lightweight, and efficient electronic medical gadgets for monitoring and tracking health is positively impacting the market growth. Thus, many companies operating in North America are heavily investing in developing conductive inks designed especially for electronic medical devices. Chip shortages caused disruption in global manufacturing during the COVID-19 pandemic, prompting countries to increase domestic production and supply. The US is investing US$ 52 billion in luring leading chipmakers, such as Taiwan Semiconductor Manufacturing Corp (TSMC) and Samsung Electronics, to open new factories within its borders. These factors are further boosting the growth of the conductive inks market across North America.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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