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, By Years, 2014-2020 ($ Million)

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, E-

Paper and Electroluminescence will emerge to be the notable share holder in the global

functional printing market with 35% share.

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

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 50μm.

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.

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Americas Europe APAC RoW

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, By Countries, 2014-2020 ($ Million)

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

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Germany U.K. France Others

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 Application

Memory Labels For smart consumables Smart consumables are used in consumer products, industrial assembly lines, photocopiers and so on.

For brand protection It is used in diversion monitoring, grey market tracing, pharmaceutical authentication and so on.

For toys & games Memory labels are used in disposable toy and game components, loyalty cards or visitor cards for exhibitions.

Display Labels --- They use ultra-low-cost display media to communicate information stored in the memory. They can be used on sensors.

Sensor Smart Labels For temperature detection

Used in biologics, vaccines, medical products including blood, meat, vegetables and so on.

NFC Smart Labels Open sense technology 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, By Years, 2011-2013 ($ Million)

Source: Company Website, Annual Report

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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 Approach Description

February 2015

Collaboration

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 MODEL BASE MODEL CONSOLIDATED MODEL ARC MODEL

Analytical Method

Base Method Consolidation Method

Delphi Verification

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

1. Get a top-down 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

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

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

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