Laser Induced Forward Transfer Market - Forecast(2021 - 2026)

Report Code: ESR 0666 Report Format: PDF + Excel (Delivery in 48 Hrs)

Laser Induced Forward Transfer Market Overview

Laser Induced Forward Transfer market size was valued at $210.4 million in 2020, and it is estimated to grow at a CAGR of 5.1% during 2021-2026. The growth is mainly attributed to the increasing demand for miniaturized electronics and high application of direct laser writing assisted printings in material science for 3D microstructures and this further propels the laser pulse induced forward transfer market. The market growth is attributed to the factors such as rapid industrialisation, growing demand from textile and packaging industries and others. Moreover, growing demand of printing for e- commerce also boosts the market growth. The high cost of the equipment and installation cost hinders the market growth of digital printing and thereby LIFT printing. Moreover, high cost of inks, maintenance and support costs also plays the role in hindering the market growth.

Laser Induced Forward Transfer Market Report Coverage

The report: “Laser Induced Forward Transfer Market Forecast (2021-2026)”, 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 Ink Type: Aqueous, Solvent, UV-cured, Latex, Dye sublimation and others
By Substrate Type: Plastic films or foils, Release liner, Glass, Textile, Paper, Ceramic and Others
By Geography: North America (U.S., Canada and Mexico); Europe (U.K., Germany, Italy, France, Rest of Europe); APAC (China, Japan, South Korea, India, Rest of APAC); South America (Brazil, Argentina, Rest of Americas); RoW (Middle East & Africa)

Key Takeaways

  • North America dominated the Laser Induced Forward Transfer market in term of revenue in 2020 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.

Laser Induced Forward Transfer Market, By Geography, 2020

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Laser Induced Forward Transfer Market Segment Analysis - By Ink Type

LIFT printing market is segmented into Aqueous, Solvent, UV-cured, Latex, Dye sublimation and others. The UV- Cured ink type segment held the highest market share in 2020 at 35.1%. Moreover, it is anticipated to witness significant market growth during the forecast period 2021-2026. UV inks do not dry in the air. They don't have evaporative properties and don't need them. Like liquid plastics, they respond only to exposure to UV radiation, which allows the liquid to solidify. This ensures that approximately 100 % of the ink amount is used, which greatly decreases printing costs. Furthermore, since the ink does not dry until it is healed, it is possible to leave the printing cells with ink on them, even during the weekend, without the need for cleaning and without dried-on ink. UV inks provide other advantages such as being more environmentally sustainable than solvent-based inks, strong clarity, light-fastness, smearing tolerance, clear contrast and a pleasant gloss.

Laser Induced Forward Transfer Market Segment Analysis – By End User Industry

Electronics is the fastest growing segment in Laser Induced Forward Transfer market and is estimated to grow at a CAGR of 7.2% during the forecast period 2021-2026. The growth is mainly attributed to the increasing investments in electronics industry and this drives the market growth. This technique produces 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 the forecast period.

Laser Induced Forward Transfer Market Segment Analysis – By Geography

North America dominated the Laser Induced Forward Transfer market in 2020 with a market share of 37.86, 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. Laser printers had the luxury of providing bright, smooth black text and images in colour. Laser printers are capable of engendering a very excellent print and are non-impact printers with a countless set of fonts and are simplex in nature. Laser printers are both cost-effective and have high output speeds as opposed to inkjet printers. Lasers can manage massive workload involving a printer suitable of servicing wider teams or projects. Lasers are getting increasingly available, and regular or super-sized pellets have an exceptional life cycle, producing excellent outcomes even on plain paper, and have become the cornerstone of work unit design.

Laser Induced Forward Transfer Market Drivers

Benefits Associated with LIFT Technique Drive the Market Growth

Laser Induced Forward Transfer (LIFT) technique allows high resolution deposition of material in the solid or liquid phase. This mechanism overcomes the problems of nozzle clogging and permits high resolution bio-printing. This technique has also been used to print mesenchymal stem cells (MSCs) and human umbilical vein endothelial cells (HUVECs) onto a cardiac patch, in order to promote angiogenesis and improve cardiac function. 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.

Laser Induced Forward Transfer Market Challenges

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.

Laser Induced Forward Transfer 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

  • In May 2021, BOLD Laser Automation developed its LPF-UR5P Series laser microfabrication system with a modular UR Cobot pallet system. The system includes options for laser drilling, trimming, welding, marking, LIFT printing and laser soldering.
  • In December 2020, 3D-Micromac Eliminated Critical Process Bottlenecks to microLED Display Manufacturing with New Laser Micromachining Platform

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1. Laser Induced Forward Transfer Printing Market Overview
    1.1 Definitions and Scope
2. Laser Induced Forward Transfer Printing Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Application
    2.3 Key trends segmented by Geography
3. Laser Induced Forward Transfer Printing Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Laser Induced Forward Transfer Printing Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Laser Induced Forward Transfer Printing Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Laser Induced Forward Transfer Printing Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Laser Induced Forward Transfer Printing Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Laser Induced Forward Transfer Printing Market – By End Use Industry (Market Size -$Million/Billion)
    8.1 Electronics
    8.2 Material Science
    8.3 Others
9. Laser Induced Forward Transfer Printing Market – By Ink Type (Market Size -$Million/Billion)
    9.1 Aqueous
    9.2 Solvent
    9.3 UV Cured
    9.4 Latex
    9.5 Dye Sublimation
    9.6 Others
10. Laser Induced Forward Transfer Printing Market – By Substrate Type (Market Size -$Million/Billion)
    10.1 Plastic Films or Rolls
    10.2 Release Liner
    10.3 Glass
    10.4 Textile
    10.5 Paper
    10.6 Ceramic
    10.7 Others
11. Laser Induced Forward Transfer Printing Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 Germany
        11.2.2 France
        11.2.3 UK
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Netherlands
        11.2.8 Others
    11.3 APAC
        11.3.1 China
        11.3.2 Japan
        11.3.3 South Korea
        11.3.4 India
        11.3.5 Australia
        11.3.6 Indonesia
        11.3.7 Malaysia
        11.3.8 Others
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Chile
        11.4.4 Colombia
        11.4.5 Others
    11.5 RoW
        11.5.1 Middle East
        11.5.2 Africa
12. Laser Induced Forward Transfer Printing Market - Market Entropy
    12.1 New product launches
    12.2 M&A's, collaborations, JVs and partnerships
13. Laser Induced Forward Transfer Printing Market – Industry Competitive Landscape (Premium)
    13.1 Market Share – Global
    13.2 Market Share by Region
    13.3 Market Share By End Use Industry
14. Laser Induced Forward Transfer Printing Market – Key Company List by Country Premium (Premium)
15. Laser Induced Forward Transfer Printing Market - Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10