These benefits are at the heart of the projected market boom in printed electronics. According to IDTechEx market research, the market for printed electronics was estimated at $9.4 billion in 2012, and is forecasted to grow to more than $40 billion in 2020 and $300 billion by 2030.
Strategic moves for MGI
In the 90’s, digital printing technologies shook the world of conventional offset printing processes in the graphic arts industry. A new revolution is now underway in the world of electronics with the launch of printed electronics and 3D printing.
The fusion of CERADROP’s advanced technologies and MGI’s hardware and software expertise will provide multi-material, high precision and scalable equipment to fit the needs of a new industry that is primed for massive growth. The technological expertise and know- how around inkjet printing housed at CERADROP will also have an immediate impact on MGI’s enhanced future product line.
From a manufacturing standpoint, CERADROP will benefit from significant purchasing synergies and industry expertise acquired by MGI over the years, especially when coupled with the 2011 acquisition of KÖRA-PACKMAT, German automation specialist, which reinforced MGI’s expertise in the fabrication of precision mechanical systems.
The final combination of these three different areas of expertise gives rise to a group which has all the necessary know-how needed to take full advantage of the announced revolution in printed electronics and 3D-printing.
Edmond Abergel, president of MGI Digital Graphic Technology, said: "With the acquisition of CERADROP, a new promising area of growth emerges for the MGI Group. Twenty years ago, we were pioneers in the world of digital printing for professionals in the graphic arts industry. Through our innovation and setting our sights since the very beginning on the international markets, we have become a recognized player in this market.
Today, with the explosion of printed electronics and 3D-printing, new opportunities are available to us.
Our technological advantages allow us to be a leader in this new business segment. With the team from CERADROP at our side, we can establish a center of excellence with exceptional and global expertise the field of inkjet. Integrating CERADROP will thus enable us not only to accelerate innovation in our current markets but also to position ourselves in these new markets for printed electronics and 3D-printing, which has been widely forecasted to become mass market in the next five years.”