Laser Induced Forward Transfer (LIFT) Market - Forecast(2020 - 2025)

Overview

Laser Induced Forward Transfer market size was valued at $250 million in 2019, and it is estimated to grow at a CAGR of 4.09 % during 2020-2025. The growth is mainly attributed to the increasing demand for miniaturized electronics and high application of laser assisted printings in material science for 3D microstructures further propel the laser induced forward transfer market.

Report Coverage

The report: “Laser Induced Forward Transfer Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Laser Induced Forward Transfer Market. 

By Application: Electronics, Material Science and Others

By Geography: North America (U.S., Canada and Mexico); South America (Brazil, Argentina, Rest of Americas); Europe (U.K., Germany, Italy, France, Rest of Europe); APAC (China, Japan, South Korea, India, Rest of APAC); RoW (Middle East & Africa)

Request Sample

Key Takeaways

• North America dominated the Laser Induced Forward Transfer market in term of revenue in 2019 owing to the investments on advanced technologies
• Increasing trend for miniaturization and adoption of the laser technique in printed electronics boost the market growth.
• Printing thin films is the major challenge that hampers the laser induced forward transfer market growth.

End User Industry - Segment Analysis

Electronics is the fastest growing segment in Laser Induced Forward Transfer market and estimated to grow at a CAGR of 4.88% during forecast period 2020-2025. The growth is mainly attributed to the increasing investments in electronics industry and this drives the market growth. This technique produce electronic circuits on paper, a substrate that is flexible, cheap and recyclable. Printed electronics is gaining increasing interest due to its low cost and possibilities of production on different substrates compared to traditional electronic methods. This has further increased the demand of the laser induced forward transfer market during forecast period.

Geography- Segment Analysis

North America dominated the Laser Induced Forward Transfer market in 2019 with a market share of 32.86%, followed by Europe and APAC owing to the early adoption of advanced technologies and presence of major players increases the market growth. Additionally, increasing research and development activities and high investments further fuel the laser induced forward transfer market.

Inquiry Before Buying

Drivers –Laser Induced Forward Transfer Market

• Benefits associated with LIFT technique drive the market growth

Laser Induced Forward Transfer (LIFT) technique allows high resolution deposition of material in solid or liquid phase. This mechanism overcomes the problems of nozzle clogging and permits high resolution bio-printing. This is used in healthcare, for instance, it is used to print mesenchymal stem cells (MSCs) and human umbilical vein endothelial cells (HUVECs) onto a cardiac patch which are related to functioning of heart and this is poised to drive the market growth.

• Advancements in various technologies

Growing trend for miniaturization and increasing customization within the sectors such as electronics, photonics, plasmonics, micromechanics and biomedical technology is set to drive the market growth. Additionally, fabrication of complex 3D structures drives the demand for laser induced forward transfer (LIFT) technique. Printing of complex free standing microstructures fuel the market growth.

Challenges – Laser Induced Forward Transfer Market

• Printing thin films

Printing thin film is the major challenge in laser induced forward transfer market. Printing thin film in solid phase or small volume droplets in liquid phase with high very resolutions restricts the market growth. The major disadvantage with this technique is lower cellular viability compared to other bio printing methods. It is also a time consuming process and this hampers the laser induced forward transfer market growth.

Market Landscape

Research and Development activities is the key strategies adopted by players in the Laser Induced Forward Transfer market. Laser Induced Forward Transfer top 10 companies include Orbotech Ltd, Mycronic AB, Precise Bio Inc, Univ GuangDong Technology, Photon Jet Ltd, Precise Bio 3D Ltd, Abengoa Solar New Tech SA, Henkel AG & Co KGAA, and others.

Acquisitions/Technology Launches

• There has been research and development activities on laser induced forward transfer market. The number of patents had filed around 67 patents and out of which around 14 patents are granted from 2015 to June 2020. This drives the Laser Induced Forward Transfer Company’s market share.
• We also publish more than 100 reports every month in “Electronics”, Go through the Domain if there are any other areas for which you would like to get a market research study.